An environmental indemnity agreement for commercial real estate loans secured by California real property, including loans characterized as nonrecourse debt. This Standard Document contains the standard agreements made by a borrower and one or more persons indemnifying the lender against environmental losses and liabilities related to the real property collateral for the loan. This Standard Document represents an initial draft of a lender's standardized environmental indemnity. It has integrated notes with important explanations and drafting and negotiating tips for the document parties.