Print Page  |  Close Window

Investor Relations

SEC Filings

8-K
GRAHAM HOLDINGS CO filed this Form 8-K on 05/06/1994
Entire Document
 
<PAGE>   51
(iii) no Hazardous Materials have migrated from other properties to, upon,
about or beneath the Real Property.

                 (b)      Except to the extent specified on Schedule 5.1.16(b)
or in the Study, (i) during the Control Period or, to Seller's knowledge, prior
thereto, there has not been constructed, placed, deposited, stored, disposed of
or located on the Real Property any asbestos in any form, (ii) during the
Control Period or, to Seller's knowledge, prior thereto, no underground
improvements, including treatment or storage tanks, sumps, or water, gas or oil
wells, have been located on the Real Property, (iii) during the Control Period
or, to Seller's knowledge, prior thereto, there have been no polychlorinated
biphenyls (PCBs) or transformers, capacitors, ballasts, or other equipment
which contains dielectric fluid containing PCBs at levels in excess of fifty
parts per million (50ppm) constructed, placed, deposited, stored, disposed of
or located on the Real Property, (iv) during the Control Period and, to
Seller's knowledge, prior thereto, the uses and activities of, on or relating
to the Real Property have at all times complied in all material respects with
all Environmental Requirements, (v) each of Seller, Blue Ridge and the HT Joint
Venture has obtained all licenses, permits and authorizations and has filed all
reports and statements necessary under applicable Environmental Requirements,
(vi) none of Seller, Blue Ridge and the HT Joint Venture nor, to Seller's
knowledge, any other person or entity has received any notice or other
communication concerning any alleged violation of Environmental Requirements,
whether or not corrected to the satisfaction of the appropriate authority, or
any notice or other communication concerning alleged liability for
Environmental Damages in connection with the Real Property, and (vii) there
exists no judgment, decree, order, writ or injunction outstanding, or
litigation, action, suit, claim (including citation or directive) or proceeding
pending or, to Seller's knowledge, threatened, relating to the ownership, use,
maintenance or operation of the Real Property by any person or entity, or
arising from the alleged violation of Environmental Requirements, or from the
suspected presence of Hazardous Materials thereon or potential migration
thereto.

                 (c)      Notwithstanding anything to the contrary contained in
paragraphs (a) and (b) of this Section 5.1.16, Seller makes no representation
or warranty as to any of the matters referred to in such paragraphs insofar as
they relate to the exploration for or production or transportation of oil,
natural gas or other hydrocarbons upon, about or beneath the Real Property,
except, as to any such matter, to the extent that Seller has knowledge thereof.

         5.1.17. Customers and Suppliers.  Except to the extent specified on
Schedule 5.1.17, none of Seller, Blue Ridge and the HT Joint Venture is
involved in any material claim or controversy





                                      -42-