Common use of Action under Environmental Laws Clause in Contracts

Action under Environmental Laws. Such Obligor shall, and shall cause each of 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 except where the failure to so comply could not reasonably be expected to result in a Material Adverse Effect.

Appears in 4 contracts

Samples: Term Loan Agreement (Silk Road Medical Inc), Term Loan Agreement (Silk Road Medical Inc), Term Loan Agreement (Silk Road Medical Inc)

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Action under Environmental Laws. Such Obligor shall, and shall cause each of 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 Laws, except where the failure to do so comply could not reasonably be expected to result in have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan Agreement (Dynavax Technologies Corp), Loan Agreement (Synergy Pharmaceuticals, Inc.)

Action under Environmental Laws. Such Obligor shall, and shall cause each of 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 Laws, except where to the extent failure to do so comply could would not reasonably be expected to result to, individually or in the aggregate, have a Material Adverse Effect.

Appears in 2 contracts

Samples: Term Loan Agreement, Term Loan Agreement (Strongbridge Biopharma PLC)

Action under Environmental Laws. Such Obligor shall, and shall cause each of its Subsidiaries to, upon becoming aware of the presence of any Hazardous Materials or the existence of any environmental liability 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 Laws, except where the failure to so comply could take such actions would not reasonably be expected expected, either individually or in the aggregate, to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Term Loan Agreement (P3 Health Partners Inc.)

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Action under Environmental Laws. Such Each Obligor shall, and shall cause each of 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 to restore their respective businesses, operations or and properties to a condition in compliance with applicable Environmental Laws Laws, except where the failure to do so comply could would not reasonably be expected to result in have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Nevro Corp)

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