Environmental Lien. 8 ERISA ......................................................................9
Environmental Lien. The receipt by any Loan Party of notification that any real or personal property of such Loan Party is subject to any Environmental Lien that has a Material Adverse Effect;
Environmental Lien. Immediately after receipt of any written notice of the imposition or threatened imposition of any Environmental Lien against any property of Borrower.
Environmental Lien. A Lien in favor of any court, governmental ------------------ agency or instrumentality, or any other Person (i) for any liability under any Environmental Law or (ii) for damages arising from or cost incurred by such court, governmental agency or instrumentality, or other Person in response to a release or threatened release of a hazardous or toxic waste, substance, or constituent into the environment.
Environmental Lien. The receipt by Borrower of notification that any real or personal property of Borrower is or is reasonably likely to be subject to any Environmental Lien;
Environmental Lien. The continued existence, for a period of forty-five (45) days, of any Environmental Lien securing an obligation in excess of $2,500,000 on any assets or properties of any Loan Party; or
Environmental Lien. If any federal, state, provincial, or local agency asserts or creates a Lien upon any or all of the assets, equipment, property, leaseholds, or other facilities of Borrower by reason of the occurrence of a hazardous discharge or an environmental complaint; or if any federal, state, or local agency asserts a claim against the Borrower and/or its assets, equipment, property, leaseholds or other facilities for damages or cleanup costs relating to a hazardous discharge or an environmental complaint; provided, however, that such claim shall not constitute a default if, within ten (10) Business Days of the occurrence giving rise to the claim, (a) the Borrower can prove to the Bank’s reasonable satisfaction that the Borrower has commenced and is diligently pursuing an investigation of the claim to be followed promptly by either: (i) a cure or plan for correction of the event that constitutes the basis for the claim, and continues diligently to pursue such cure or correction to completion, or (ii) proceedings for an injunction, a restraining order, or other appropriate emergent relief preventing such agency or agencies from asserting such claim, that relief is granted within ten (10) Business Days of the occurrence giving rise to the claim and the injunction, order, or relief is not thereafter resolved or reversed on appeal; and (b) in either of the foregoing events, the Borrower has posted a bond, letter of credit, or other security satisfactory in form, substance and amount to both the Bank and the agency or entity asserting the claim to secure the proper and complete cure or correction of the event that constitutes the basis for the claim.
Environmental Lien. If any governmental or quasi-governmental Person asserts or creates a Lien in an amount in excess of $50,000 upon any or all of the assets, equipment, property, or other facilities of the Borrower by reason of the occurrence of a Release in an amount in violation of any Environmental Law or Environmental Complaint, which shall not be fully bonded, vacated, discharged or released within thirty (30) days of the date of filing.
Environmental Lien. Environmental Lien shall mean any Lien in favor of any governmental authority for Environmental Liabilities and Costs.
Environmental Lien. Any Lien imposed on or attaching to any Sale Asset pursuant to any Environmental Law.
