Environmental Liens. The Borrower will not, and will not permit any of its Subsidiaries to, allow any Lien imposed pursuant to any law, rule, regulation or order relating to any Hazardous Material (including the disposal thereof) to be imposed or to remain on any real property owned or operated by the Borrower or any of its Subsidiaries, except as contested in good faith by appropriate proceedings for which adequate reserves have been established and are being maintained on its books.
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Samples: Credit and Guaranty Agreement (Key Components LLC), Credit and Guaranty Agreement (Key Components Finance Corp), Credit and Guaranty Agreement (Key Components Finance Corp)
Environmental Liens. The Borrower and the Parent will not, and will not permit any of its their respective Subsidiaries to, allow any Lien imposed pursuant to any law, rule, regulation or order relating to any Hazardous Material (including the disposal thereof) to be imposed or to remain on any real property owned or operated by the Borrower Borrower, the Parent or any of its their respective Subsidiaries, except as contested in good faith by appropriate proceedings for which adequate reserves have been established and are being maintained on its books.
Appears in 1 contract
Environmental Liens. The Borrower and the Parent will not, and will not permit any of its their respective Subsidiaries to, allow any Lien imposed pursuant to any law, rule, regulation or order relating to any Hazardous Material (including the disposal thereof) to be imposed or to remain on any real property owned or operated by the Borrower or any of its SubsidiariesBorrower, except as contested in good faith by appropriate proceedings for which adequate reserves have been established and are being maintained on its books.the Parent
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Samples: Credit and Guaranty Agreement (E Z Serve Corporation)