Common use of Environmental Events Clause in Contracts

Environmental Events. Each of the Parties will promptly give notice to the Bank (i) of any violation of any Environmental Law that the Parties or any of their respective 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 (ii) upon becoming aware thereof by a notice from any public agency of any inquiry, proceeding, investigation, or other action, of potential environmental liability, or any federal, state or local environmental agency or board, that in either case involves the Real Estate or has the potential to materially affect the assets, liabilities, financial conditions or operations of each of the Parties or the Bank's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit and Security Agreement (Maxxam Inc)

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Environmental Events. Each of the Parties The Borrowers will promptly give notice --------------------- to the Bank Administrative Agent and each of the Banks (i) of any violation of any Environmental Law that the Parties any Borrower or any of their respective 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 (ii) upon becoming aware thereof by a notice from any public agency thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that in either case involves the Real Estate or has the potential to materially affect the assets, liabilities, financial conditions or operations of each any Borrower or any of the Parties its Subsidiaries, or the BankCollateral Agent's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fairfield Communities Inc)

Environmental Events. Each of the Parties The Borrower will promptly give -------------------- notice to the Bank Agent and each of the Banks (i) of any violation of any Environmental Law that the Parties Borrower or any of their respective Subsidiaries the Subsidiary Guarantors 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 (ii) upon becoming aware thereof by a notice from any public agency thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that in either case involves the Real Estate or has the potential to materially affect the assets, liabilities, financial conditions or operations of each the Borrower or any of the Parties Subsidiary Guarantors, or the BankAgent's security interests pursuant rights under the Mortgages with respect to the Security DocumentsMortgaged Property.

Appears in 1 contract

Samples: Revolving Credit (Chart House Enterprises Inc)

Environmental Events. Each of the Parties Borrowers will promptly give notice to the Bank Agent (i) of any violation of any Environmental Law that the Parties or any of the Borrowers or their respective 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 (ii) upon becoming aware thereof by a notice from any public agency thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state state, provincial or local environmental agency or board, that in either case involves the Real Estate or has the potential to materially affect the assets, liabilities, financial conditions or operations of each any of the Parties Borrowers or their Subsidiaries, or the Bank's 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. Each of the Parties The Borrower will promptly give notice to the Bank Agent and each of the Banks (i) of any violation of any Environmental Law that the Parties Borrower or any of their respective 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 (ii) upon becoming aware thereof by a notice from any public agency thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that in either case involves the Real Estate or has the potential to materially affect the assets, liabilities, financial conditions or operations of each the Borrower or any of the Parties its Subsidiaries, or the BankAgent's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Moore Medical Corp)

Environmental Events. Each of the Parties The Borrower will promptly give notice to the Bank Agent and each of the Banks (ia) of any violation of any Environmental Law that the Parties Borrower or any of their respective 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 (iib) upon becoming aware thereof by a notice from any public agency thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that in either case involves the Real Estate or has the potential to materially affect the assets, liabilities, financial conditions or operations of each the Borrower or any of the Parties its Subsidiaries, or the BankAgent's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ameriking Inc)

Environmental Events. Each of the Parties The Borrower will promptly give notice to the Bank Agent and each of the Banks (ia) of any violation of any Environmental Law that any of the Parties Parent Companies, the Borrower or any of their respective 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 (iib) upon becoming aware thereof by a notice from any public agency thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that in either case involves the Real Estate or has the potential to materially affect the assets, liabilities, financial conditions or operations of each any of the Parties Parent Companies, the Borrower or any of their Subsidiaries, or the Bank's Agent’s security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Digitas Inc)

Environmental Events. Each of the Parties The Borrower will promptly give notice notice, and will cause each of its Subsidiaries to promptly give notice, to the Bank Lender (i) of any violation of any Environmental Law that the Parties Borrower or any of their respective 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 (ii) upon becoming aware thereof by a notice from any public agency thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that in either case involves the any Real Estate or has the potential to materially affect the assets, liabilities, financial conditions condition or operations of each of the Parties Borrower, any Subsidiary or the BankLender's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Microfluidics International Corp)

Environmental Events. Each of the Parties The Borrower will promptly give notice ------------- ------ to the Bank Agent and each of the Banks (ia) of any violation of any Environmental Law that the Parties Borrower or any of their respective 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 (iib) upon becoming aware thereof by a notice from any public agency thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that in either case involves the Real Estate or has the potential to materially affect the assets, liabilities, financial conditions or operations of each the Borrower or any of the Parties its Subsidiaries, or the BankAgent's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ameriking Inc)

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Environmental Events. Each of the Parties The Borrower will promptly give notice to the Bank Agents and each of the Banks (i) of any violation of any Environmental Law that the Parties Borrower or any of their respective 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 (ii) upon becoming aware thereof by a notice from any public agency of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that in either case involves the Real Estate or has the potential to materially affect the assets, liabilities, financial conditions or operations of each of the Parties or the Bank's security interests pursuant to the Security DocumentsBorrower and its Subsidiaries, taken as a whole. 7.5.3.

Appears in 1 contract

Samples: Revolving Credit Agreement (HMT Technology Corp)

Environmental Events. Each of the Parties The Borrower will promptly give notice to the Bank Administrative Agent and each of the Banks (ia) of any violation of any Environmental Law that the Parties Borrower or any of their respective 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 (iib) upon becoming aware thereof by a notice from any public agency thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that in either case involves the Real Estate or has the potential to materially affect the assets, liabilities, financial conditions or operations of each the Borrower or any of the Parties its Subsidiaries, or the BankCollateral Agent's mortgages, deeds of trust or security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit and Gold Consignment Agreement (Whitehall Jewellers Inc)

Environmental Events. Each of the Parties The Borrower will promptly give notice to the Bank Agent and each of the Banks (i) of any violation of any Environmental Law that the Parties Borrower or any of their respective 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 (ii) upon becoming aware thereof by a notice from any public agency thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that in either case involves the Real Estate or has the potential to materially affect the assets, liabilities, financial conditions or operations of each the Borrower or any of the Parties or the Bank's security interests pursuant to the Security Documentsits Subsidiaries.

Appears in 1 contract

Samples: Revolving Credit Agreement (Stride Rite Corp)

Environmental Events. Each of The Guarantor and the Parties Borrower will promptly give notice to the Bank Administrative Agent (ia) of any violation of any Environmental Law that the Parties Guarantor, the Borrower or any of their respective 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 (iib) upon becoming aware thereof by a notice from any public agency thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that in either case involves the Real Estate or has the potential to materially affect the assets, liabilities, financial conditions or operations of each the Guarantor, the Borrower or any of the Parties their Subsidiaries, or the BankAgent's mortgages, deeds of trust or security interests pursuant to the Security Documents. 8.5.3.

Appears in 1 contract

Samples: Revolving Credit Agreement (Filenes Basement Corp)

Environmental Events. Each of the Parties The Borrower will promptly give notice to the Bank Agent and each of the Banks (ia) of any violation of any Environmental Law that any of the Parties Parent Companies, the Borrower or any of their respective 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 (iib) upon becoming aware thereof by a notice from any public agency thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that in either case involves the Real Estate or has the potential to materially affect the assets, liabilities, financial conditions or operations of each any of the Parties Parent Companies, the Borrower or any of their Subsidiaries, or the BankAgent's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Digitas Inc)

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