Common use of Environmental Events Clause in Contracts

Environmental Events. The Borrower will promptly give notice to the Agent and each of the Banks (a) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries, or the Agent's security interests pursuant to the Security Documents.

Appears in 7 contracts

Samples: Revolving Credit Agreement (Anacomp Inc), Revolving Credit Agreement (Anacomp Inc), Revolving Credit Agreement (Appnet Systems Inc)

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Environmental Events. The Borrower will promptly give notice to the Agent and each of the Banks (ai) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries the other Transaction Parties reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions condition or operations of the Borrower or and any of its Subsidiariesthe other Transaction Parties, or the Agent's security interests pursuant to the Security Documentsconsidered as a whole.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Hadco Corp), Revolving Credit Agreement (Hadco Acquisition Corp Ii), Revolving Credit Agreement (Hadco Acquisition Corp Ii)

Environmental Events. The Borrower will promptly give notice to the Administrative Agent and each of the Banks Lenders (a) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries, or the Collateral Agent's mortgages, deeds of trust or security interests pursuant to the Security Documents.

Appears in 3 contracts

Samples: Credit Agreement (BTHC VII Inc), Credit Agreement (Prentice Capital Management, LP), Credit Agreement (Whitehall Jewellers Inc)

Environmental Events. The Borrower will promptly give notice to the Agent and each of the Banks (ai) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of or any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries, Subsidiaries or the Agent's security interests pursuant to the Security Documents.

Appears in 3 contracts

Samples: Credit Agreement (HPSC Inc), Revolving Credit Agreement (HPSC Inc), Credit Agreement (HPSC Inc)

Environmental Events. The Borrower will promptly give notice to the Agent and each of the Banks (ai) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries, or the Agent's security interests pursuant to the Security Documents.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Silverleaf Resorts Inc), Inventory and Receivables Revolving Credit Agreement (Silverleaf Resorts Inc), Revolving Credit Agreement (Silverleaf Resorts Inc)

Environmental Events. The Each Borrower will promptly give notice to the Administrative Agent and each of the Banks Lenders (ai) of any violation of any Environmental Law that the such Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of or any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the such Borrower or any of its Subsidiaries, or the Administrative Agent's mortgages, deeds of trust or security interests pursuant to the Security Documents.

Appears in 2 contracts

Samples: Credit Agreement (Starter Corp), Credit Agreement (Starter Corp)

Environmental Events. The Borrower will promptly give notice to the Agent and each of the Banks (a) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries, or the Agent's security interests pursuant to the Security Documents.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Ionics Inc), Revolving Credit Agreement (Answerthink Inc)

Environmental Events. The Borrower will promptly give notice to the Agent and each of the Banks Lender (a) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency or any similar environmental agency or board in any other jurisdiction and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries, or the AgentLender's security interests pursuant to the Security Documents.

Appears in 2 contracts

Samples: Loan Agreement (Optical Security Group Inc), Loan Agreement (Applied Opsec Corp)

Environmental Events. The Borrower will promptly give notice to the Administrative Agent and each of the Banks (a) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of or any federal, state or local environmental agency or board, that has the potential might reasonably be expected to materially adversely affect the assets, liabilities, financial conditions or operations of the Borrower or any of and its Subsidiaries, or the Agent's security interests pursuant to the Security DocumentsMaterial Subsidiaries on a consolidated basis.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Telephone & Data Systems Inc /De/), Credit Agreement (United States Cellular Corp)

Environmental Events. The Borrower will promptly give notice to the Agent and each of the Banks (ai) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially adversely affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries, or the Agent's security interests pursuant to the Security Documents.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Marcam Corp), Revolving Credit and Term Loan Agreement (Mapics Inc)

Environmental Events. The Borrower will, and will cause each of its Subsidiaries to, promptly give notice to the Agent and each of the Banks (a) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of and its Subsidiaries, or the Agent's security interests pursuant to the Security Documentstaken as a whole.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Restaurant Co), Revolving Credit Agreement (Perkins Finance Corp)

Environmental Events. The Borrower will promptly give written notice to the Agent and each of the Banks (ai) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person the Borrower or any of its Subsidiaries in writing (or for which any written report supplemental supplement to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, thereof of any inquiry, proceeding, investigation, or other actionnotice of violation, including a notice or order from any agency of potential environmental liability, of or any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of and its Subsidiaries, taken as a whole, or the Agent's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Republic Engineered Steels Inc)

Environmental Events. The Borrower Company will promptly give notice to the Administrative Agent and each of the Banks Holders of record (ai) of any violation of any Environmental Law that the Borrower or any of the Company or its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of or any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of the Company or its Subsidiaries, or the Administrative Agent's mortgages, deeds of trust or security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Senior Subordinated Note Purchase Agreement (Transtechnology Corp)

Environmental Events. The Borrower will promptly give notice to -------------------- the Agent and each of the Banks (ai) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries, or the Collateral Agent's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fairfield Communities Inc)

Environmental Events. The Borrower Each of the Borrowers will promptly give notice to the Agent and each of the Banks (ai) of any violation of any Environmental Law that the Borrower Borrowers or any of its their Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of any of the Borrower Borrowers or any of its their Subsidiaries, or the Agent's mortgages, deeds of trust or security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Transpro Inc)

Environmental Events. The Borrower Each of the Borrowers will promptly give notice to the Administrative Agent and each of the Banks Lenders (ai) of any violation of any Environmental Law that the Borrower or any of its the Borrowers or their Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of or any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its the Borrowers or their Subsidiaries, or the Administrative Agent's mortgages, deeds of trust or security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Transtechnology Corp)

Environmental Events. The Each Borrower will promptly give notice to the Agent and each of the Banks (ai) of any violation of any Environmental Law that the such Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of or any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the such Borrower or any of its Subsidiaries, or the Agent's mortgages, deeds of trust or security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Xomed Surgical Products Inc)

Environmental Events. The Borrower will promptly give notice to each of the Agent Agents and each of the Banks (a) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries, or the Collateral Agent's mortgages, deeds of trust or security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Consignment Agreement (Marks Bros Jewelers Inc)

Environmental Events. The Borrower will promptly give notice to the Agent and each of the Banks (a) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries, or the Agent's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cabot Microelectronics Corp)

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Environmental Events. The Borrower will promptly give notice to the Managing Agent and each of the Banks (a) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of or any federal, state or local environmental agency or board, that has the potential to materially affect the business, assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries, or the Managing Agent's security interests pursuant to the Security Documents. 9.5.3.

Appears in 1 contract

Samples: Revolving Credit (Emmis Broadcasting Corporation)

Environmental Events. The Borrower Each of the Borrowers will promptly give notice to the Agent and each of the Banks Lenders (ai) of any violation of any Environmental Law that the Borrower or any of its the Borrowers or their Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of or any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its the Borrowers or their Subsidiaries, or the Agent's mortgages, deeds of trust or security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Transtechnology Corp)

Environmental Events. The Borrower will promptly give notice to -------------------- the Agent and each of the Banks (a) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of or any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of and its Subsidiaries, considered as a whole, or the Agent's mortgages, deeds of trust or security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Petro Stopping Centers L P)

Environmental Events. The Borrower will promptly give notice to the Agent and each of the Banks Lenders (a) of any violation of any Environmental Law that the Borrower Holding Company or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency agency, and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially affect the business, assets, properties, liabilities, financial conditions or operations of the Borrower Holding Company or any of its Subsidiaries, or the Agent's mortgages or security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (CRC Evans International Inc)

Environmental Events. The Borrower will promptly give As soon as possible, and in any event within ten (10) Business Days, written notice to the Administrative Agent and each on behalf of the Banks Lenders (ai) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of or any federal, state or local environmental agency or board, that that, has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries, or the Agent's security interests for the benefit of the Lenders pursuant to the Borrower Security DocumentsAgreement.

Appears in 1 contract

Samples: Loan Agreement (Omnipoint Corp \De\)

Environmental Events. The Borrower Borrowers will promptly give notice to the Agent and each of the Banks (ai) of any material violation of any Environmental Law that any of the Borrower Borrowers or any of its their Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Borrowers and their Subsidiaries, considered as a whole, or the Agent's mortgages, deeds of trust or security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Restaurant Group Inc)

Environmental Events. The Borrower will promptly give notice to the Agent and each of the Banks (ai) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, thereof of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of and its Subsidiaries, or the Agent's security interests pursuant to the Security Documentstaken as a whole.

Appears in 1 contract

Samples: Revolving Credit Agreement (HMT Technology Corp)

Environmental Events. The Borrower will promptly give notice to the Agent and each of the Banks (ai) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries the other Transaction Parties reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or and any of its Subsidiariesthe other Transaction Parties, considered as a whole, or the Agent's security interests interest pursuant to the Security DocumentsStock Pledge Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hadco Acquisition Corp)

Environmental Events. The Borrower Each of the Borrowers will promptly give notice to the Agent and each of the Banks (ai) of any violation of any Environmental Law that the Borrower or any of its the Borrowers or their Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state state, provincial or local environmental agency agency, and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state state, provincial or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its the Borrowers or their Subsidiaries, or the Agent's mortgages, deeds of trust or security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Dave & Busters Inc)

Environmental Events. The Borrower will promptly give notice to the Agent and each of the Banks (ai) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of and its Subsidiaries, taken as a whole, or the Agent's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Connectivity Technologies Inc)

Environmental Events. The Borrower will promptly give -------------------- notice to the Agent and each of the Banks (ai) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries, or the Collateral Agent's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Fairfield Communities Inc)

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