Common use of Environmental Reporting Clause in Contracts

Environmental Reporting. Promptly, and in any event within 30 days of each occurrence, (i) notify the Administrative Agent of any proceeding or order before any Governmental Authority requiring any Loan Party or any of its Subsidiaries to comply with or take action under any Environmental Laws which would reasonably be expected to have a Material Adverse Effect if not taken; and (ii) notify the Administrative Agent of any environmental occurrence of which it has knowledge which would reasonably be expected to materially and adversely affect the Loan Parties that does not require notification under clause (i) above, together with each delivery of financial statements pursuant to Section 7.01(1)(a).

Appears in 2 contracts

Sources: Credit Agreement (Open Text Corp), Credit Agreement (Open Text Corp)

Environmental Reporting. Promptly, and in any event within 30 days of each occurrence, (i%5) notify the Administrative Agent of any proceeding or order before any Governmental Authority requiring any Loan Party or any of its Subsidiaries to comply with or take action under any Environmental Laws which would reasonably be expected to have a Material Adverse Effect if not taken; and (ii%5) notify the Administrative Agent of any environmental occurrence of which it has knowledge which would reasonably be expected to materially and adversely affect the Loan Parties that does not require notification under clause (i) above, together with each delivery of financial statements pursuant to Section 7.01(1)(a6.01(1)(a).

Appears in 1 contract

Sources: Credit Agreement (Open Text Corp)