Common use of Compliance; Hazardous Materials Clause in Contracts

Compliance; Hazardous Materials. Shall comply with all laws, regulations, ordinances, and other legal requirements in all material respects, including, without limitation, ERISA, all securities laws, and all laws relating to hazardous materials and the environment. Unless approved in writing by Lender, no Borrower nor any Subsidiary shall engage in the storage, manufacture, disposition, processing, handling, use, or transportation of Regulated Materials, which is not in compliance with Environmental Laws, except for ordinary and customary amounts of solvents, cleaners and similar materials used in the ordinary course of such Borrower’s or a Subsidiary’s business and in compliance with all Environmental Laws in all material respects. Borrowers shall promptly report to Lender any notices of any violations of such laws or regulations received from any Governmental Entity, along with Borrowers’ proposed corrective action as to such violation.

Appears in 2 contracts

Samples: Loan and Security Agreement (Dreams Inc), Loan and Security Agreement (Dreams Inc)

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Compliance; Hazardous Materials. Shall strictly comply with all laws, regulations, ordinances, and other legal requirements in all material respectsrequirements, including, without limitation, ERISA, all securities laws, and all laws relating to hazardous materials and the environment. Unless approved in writing by Lender, no neither Borrower nor any Subsidiary shall engage in the storage, manufacture, disposition, processing, handling, use, or transportation of Regulated Materials, which is whether or not in compliance with Environmental Laws, except for ordinary and customary amounts of solvents, cleaners and similar materials used in the ordinary course of such Borrower’s or a Subsidiary’s business and in strict compliance with all Environmental Laws in all material respectsLaws. Borrowers Borrower shall promptly report to Lender any notices of any violations of such laws or regulations received from any Governmental Entity, along with Borrowers’ Borrower’s proposed corrective action as to such violation.

Appears in 1 contract

Samples: Loan and Security Agreement (Transcend Services Inc)

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Compliance; Hazardous Materials. Shall comply with all laws, regulations, ordinances, and other legal requirements in all material respectsrequirements, including, without limitation, ERISA, all securities laws, and all laws relating to hazardous materials and the environment. Unless approved in writing by Lender, no neither any Borrower nor any Subsidiary shall engage in the storage, manufacture, disposition, processing, handling, use, or transportation of Regulated Materials, which is whether or not in compliance with Environmental Laws, except for ordinary and customary amounts of solvents, cleaners and similar materials used in the ordinary course of such Borrower’s or a Subsidiary’s business and in strict compliance with all Environmental Laws in all material respectsLaws. Borrowers shall promptly report to Lender any notices of any violations of such laws or regulations received from any Governmental Entity, along with Borrowers’ Borrower’s proposed corrective action as to such violation.

Appears in 1 contract

Samples: Loan and Security Agreement (Autoinfo Inc)

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