The Borrower has complied with all applicable laws, rules, regulations and orders relating to the Borrower or any aspect of the Borrower’s business or assets, including, without limit, all environmental laws, rules, regulations and orders; provided however, that any noncompliance with any such laws, rules, regulations and orders shall not be deemed to be a breach of this representation and warranty unless such noncompliance has a material adverse effect on Borrower’s business. The Borrower agrees to indemnify and hold the Lender harmless against and from all claims, losses and costs resulting from any and all violations by the Borrower of any laws, rules, regulations and/or orders.