Common use of Environmental Matters; Reporting Clause in Contracts

Environmental Matters; Reporting. The Borrower will -------------------------------- observe and comply with, and cause each Subsidiary to observe and comply with, all applicable laws, rules, regulations and orders of any government or government agency relating to health, safety, pollution, hazardous materials or other environmental matters to the extent non-compliance could result in a material liability for Borrower or any Subsidiary or otherwise constitute a Material Adverse Occurrence. The Borrower will give the Agent prompt written notice of any violation of any environmental law, rule, regulation or order by the Borrower or any Subsidiary of which the Borrower becomes aware and of the commencement of any judicial or administrative proceeding against the Borrower or any Subsidiary relating to health, safety or environmental matters (a) in which an adverse determination or result is reasonably likely to result in the revocation of or have a material adverse effect on any operating permits, air emission permits, water discharge permits, hazardous waste permits or other permits held by the Borrower or any Subsidiary which are material to the operations of the Borrower and the Subsidiaries taken as whole, or (b) which will or is reasonably likely to impose a material liability on the Borrower or such Subsidiary to any Person or which will require a material expenditure by the Borrower or such Subsidiary to cure any alleged problem or violation.

Appears in 2 contracts

Samples: Credit Agreement (Buca Inc /Mn), Credit Agreement (Buca Inc /Mn)

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Environmental Matters; Reporting. The Borrower will -------------------------------- observe Observe and comply with, and cause each Subsidiary Restricted Subsidiary, lessees and any other Persons operating or occupying its Properties (a) to observe and comply withwith all Environmental Laws, all applicable laws(b) conduct any investigation, rulesstudy, regulations sampling and orders of testing, and undertake any government or government agency relating to healthcleanup, safety, pollution, hazardous materials response or other environmental matters corrective action necessary to address any Release of Hazardous Materials at, on, under or from any property owned, leased or operated by Borrower or its Subsidiaries in accordance with Environmental Laws and (c) make an appropriate response to any investigation, notice, demand, claim, suit or other proceeding asserting Environmental Liability against the extent non-compliance could result in a material liability for Borrower or any Subsidiary or otherwise constitute of its Subsidiaries and discharge any obligations it may have to any Person thereunder, except in case of each of clauses (a) through (c), where the failure to do so would not reasonably be expected to have a Material Adverse OccurrenceEffect. The Borrower Loan Parties will give the Administrative Agent reasonably prompt written notice of any violation of as to any environmental law, rule, regulation or order Environmental Law by the Borrower or any Subsidiary of which its Restricted Subsidiaries and the assertion of any Environmental Liability of the Borrower becomes aware and or any of its Restricted Subsidiaries (including the commencement of any judicial or administrative proceeding against the Borrower or any Subsidiary relating to health, safety or environmental matters (aEnvironmental Laws) in which an adverse determination or result is would reasonably likely be expected to result in have, regarding each of the revocation of or have foregoing, a material adverse effect on Material Adverse Effect, including as relating to (i) any operating permits, air emission permits, water discharge permits, hazardous waste permits or other permits under Environmental Law held by the Borrower or any Subsidiary which are material to the operations of the Borrower and the its Restricted Subsidiaries taken as whole, or (bii) which will or is reasonably likely to impose a material liability on the Borrower or such Subsidiary to any Person or which will require a material expenditure expenditures by the Borrower or such Subsidiary any of its Restricted Subsidiaries to cure any such alleged problem or violation.

Appears in 2 contracts

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

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