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life, land,water, groundwater and air)including but not limited to any material or <br /> substance which is(i) defined as "toxic," "polluting" "hazardous waste,"hazardous <br /> material," "hazardous substance," "extremely hazardous waste," or"restricted hazardous <br /> waste"under any provision of local,Illinois,or federal law, (ii)petroleum; (iii)asbestos; <br /> (iv)polychlorinated biphenlos ("PCBs"); (v)radioactive material; (vi) designated as a <br /> "hazardous substance"pursuant to the Clean Water Act, (33 § 1321); (vii) defined as a <br /> "hazardous waste"pursuant to the Resource Conservation and Recovery Act,42 U.S.C. § <br /> 6901 et seq. (42 U.S.C. § 6903); (viii) defined as a"hazardous substance"pursuant to the <br /> Comprehensive Environmental Response,Compensation and Liability Act,42 U.S:C. § <br /> 9601 et seq. (42 U.S.C. §9601); or(ix)defined as a chemical substance under the Toxic <br /> Substances Control-Act, 15.U.S.C. Section 2601 et seq.; (x) defined as a pesticide under <br /> the Federal Insecticide,Fungicide and Rodenticide Act,7 U.S.C. Section 135 et seq. <br /> 17., Representations by ADM. ADM makes the following representations.and <br /> warranties which are true and correct on the date of this Agreement and will be true on the Closing <br /> Date: <br /> (a) ADM is, and on the Closing Date will be, a corporation duly organized, <br /> validly existing and in good standing under the laws of the State of Delaware. It has the <br /> corporate power and authority to enter into this Agreement and to consummate the <br /> transactions contemplated herein; <br /> (b) The execution and delivery of this Agreement and the consummation of the <br /> transactions contemplated herein have been duly authorized and approved by its Board of <br /> Directors,and no-further action by ADM is necessary for the validity and.enforceability of <br /> this Agreement; <br /> (c) There is not now any litigation,suit,or regulatory agency proceeding <br /> pending, or to ADM's knowledge threatened,which might interfere with the sale and <br />