Common use of Environmental Matters; Reporting Clause in Contracts

Environmental Matters; Reporting. The Borrower will observe and comply with, and will cause each of its Subsidiaries to observe and comply with, all 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 or otherwise could reasonably be expected to result in a Material Adverse Occurrence. The Borrower will give the Agent prompt written notice of any violation as to any environmental matter by the Borrower and of the commencement of any judicial or administrative proceeding relating to health, safety or environmental matters (a) in which an adverse determination or result could 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 which are material to the operations of the Borrower, or (b) which will or threatens to impose a material liability on the Borrower to any Person or which will require a material expenditure by the Borrower to cure any alleged problem or violation.

Appears in 3 contracts

Samples: Credit Agreement (Life Time Fitness Inc), Credit Agreement (Life Time Fitness Inc), Credit Agreement (Life Time Fitness Inc)

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Environmental Matters; Reporting. The Borrower will observe and comply with, and will cause each of its Subsidiaries to observe and comply with, with all 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 or otherwise could reasonably be expected to result in have a Material Adverse Occurrencematerial adverse effect on the Borrower. The Borrower will give the Agent Bank prompt written notice of any violation as to any environmental matter by the Borrower and of the commencement of any judicial or administrative proceeding relating to health, safety or environmental matters (a) in which an adverse determination or result could 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 which are material to the operations of the Borrower, or (b) which will or threatens to impose a material liability on the Borrower to any Person or which will require a material expenditure by the Borrower to cure any alleged problem or violation.

Appears in 1 contract

Samples: Credit Agreement (Lawson Software Inc)

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Environmental Matters; Reporting. The Each Borrower will observe and comply with, and will cause each of its Subsidiaries Subsidiary to observe and comply with, all 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 or otherwise could reasonably be expected to result in a Material Adverse Occurrence. The Borrower Borrowers’ Agent will give the Agent prompt written notice of any violation as to any environmental matter by the any Borrower or any Subsidiary and of the commencement of any judicial or administrative proceeding relating to health, safety or environmental matters (a) in which an adverse determination or result could 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 such Borrower or any Subsidiary which are material to the operations of the Borrowersuch Borrower or any Subsidiary, or (b) which will or threatens to impose a material liability on the such Borrower or any Subsidiary to any Person or which will require a material expenditure by the such Borrower or any Subsidiary to cure any alleged problem or violation.

Appears in 1 contract

Samples: Credit Agreement (Cabelas Inc)

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