Common use of Action under Environmental Laws Clause in Contracts

Action under Environmental Laws. Except where failure to do so would not reasonably be expected to have a Material Adverse Effect, Parent and Borrower shall, and shall cause each of their Subsidiaries to, upon becoming aware of the presence of any Hazardous Materials or the existence of any environmental liability under applicable Environmental Laws with respect to their respective businesses, operations or properties, take all actions, at their cost and expense, as shall be necessary or advisable to investigate and clean up the condition of their respective businesses, operations or properties, including all required removal, containment and remedial actions, and restore their respective businesses, operations or properties to a condition in compliance with applicable Environmental Laws.

Appears in 6 contracts

Samples: Loan Agreement (Valeritas Holdings Inc.), Loan Agreement (Valeritas Holdings Inc.), Loan Agreement (Valeritas Holdings Inc.)

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Action under Environmental Laws. Except where failure to do so would not reasonably be expected to have a Material Adverse Effect, Parent and Borrower shall, and shall cause each of their its Subsidiaries to, upon becoming aware of the presence of any Hazardous Materials or the existence of any environmental liability under applicable Environmental Laws with respect to their respective businesses, operations or properties, take all actions, at their cost and expense, as shall be necessary or advisable to investigate and clean up the condition of their respective businesses, operations or properties, including all required removal, containment and remedial actions, and restore their respective businesses, operations or properties to a condition in compliance with applicable Environmental Laws.

Appears in 4 contracts

Samples: Loan Agreement (Valeritas Holdings Inc.), Loan Agreement (Valeritas Holdings Inc.), Loan Agreement (Valeritas Holdings Inc.)

Action under Environmental Laws. Except where failure to do so as would not be reasonably be expected to have result in a Material Adverse Effect, Parent and Borrower shallit will, and shall will cause each of their its Subsidiaries to, upon becoming aware of the presence release of any Hazardous Materials or the existence of any environmental liability under applicable Environmental Laws with respect to their respective businesses, operations or properties, take all actions, at their cost and expense, as shall be necessary or advisable to investigate and clean up the condition of their respective businesses, operations or properties, including all required removal, containment and remedial actions, and restore their respective businesses, operations or properties to a condition condition, in each case in material compliance with applicable Environmental Laws.

Appears in 1 contract

Samples: Credit Agreement (Molecular Templates, Inc.)

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Action under Environmental Laws. Except where failure to do so would could not reasonably be expected to have a Material Adverse Effect, Parent and Borrower such Obligor shall, and shall cause each of their its Subsidiaries to, upon becoming aware of the presence of any Hazardous Materials or the existence of any environmental liability under applicable Environmental Laws with respect to their respective businesses, operations or properties, take all actions, at their cost and expense, as shall be necessary or advisable to investigate and clean up the condition of their respective businesses, operations or properties, including all required removal, containment and remedial actions, and restore their respective businesses, operations or properties to a condition in compliance with applicable Environmental Laws.

Appears in 1 contract

Samples: Loan Agreement (EyePoint Pharmaceuticals, Inc.)

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