Common use of Environmental Reporting Clause in Contracts

Environmental Reporting. Promptly, and, in any event, within ten (10) days of each occurrence, (i) notify the Administrative Agent of any proceeding orders before any Government Authority requiring any LAC Party to comply with or take action under any Environmental Laws which would reasonably be expected to result in (A) a future claim requiring expenditures in the amount of US$1,000,000 (or the equivalent amount in any other currency) or more, (B) the imposition of a fine or fines aggregating US$1,000,000 (or the equivalent amount in any other currency) or more, or (C) the shutting down of any material facility for a period which would reasonably be expected to result in losses of US$1,000,000 (or the equivalent amount in any other currency) or more; and (ii) notify the Administrative Agent of any occurrence which would reasonably be expected to cause or result in a Material Adverse Effect. Such occurrences shall include where any LAC Party (iii) receives a notice or claim, which is not frivolous or vexatious, to the effect that any LAC Party is liable to any Person in a material amount as a result of the Release of any Hazardous Material; (iv) receives any notice that any LAC Party is subject to investigation by any Government Authority evaluating whether any remedial action is needed to respond to the Release of any Hazardous Material where such response would reasonably be expected to have a Material Adverse Effect; (v) receives any notice that all or any portion of the owned real Property or the leased real Property is subject to a material order or a Lien (other than Permitted Liens) under or pursuant to any Environmental Law securing an amount in excess of US$1,000,000 (or the equivalent amount in any other currency); (vi) receives any notice of a material condition with respect to any owned real Property or the leased real Property which might reasonably result in a notice of a material violation of any Environmental Law; (vii) receives any notice of the commencement of any judicial or administrative proceeding alleging a material violation of any Environmental Law with respect to any owned real Property or the leased real Property; or (viii) undertakes any material activities as a result of new or proposed changes to any existing Environmental Law that would have a Material Adverse Effect.

Environmental Reporting. Promptly, and, and in any event, event within ten (10) 10 days of each occurrence, (i) notify the Administrative Agent of any proceeding orders or order before any Government Authority Governmental Entity requiring any LAC Party the Borrower or the Guarantors to comply with or take action under any Environmental Laws and of any state or affairs on the Owned Properties, Leased Properties or the Business which would reasonably be expected to result in (A) give rise to a future claim Claim, and (x) requiring expenditures in the amount of US$1,000,000 (or the equivalent amount in any other currency) $2,000,000 or more, (By) if any violation thereof involves the reasonable possibility of the imposition of a fine or fines aggregating US$1,000,000 (or the equivalent amount in any other currency) $500,000 or more, or (Cz) the shutting down of any material facility referred to in Schedule 7.01(j) or 7.01(k) for a period which would reasonably be expected to result in losses excess of US$1,000,000 (or the equivalent amount in any other currency) or more48 hours; and (ii) notify the Administrative Agent and the Lenders, within 10 days therefrom, of any other occurrence which would reasonably be expected to cause or result in have a Material Adverse Effect. Such occurrences shall include where , including the Borrower or any LAC Party of its subsidiaries (iiiA) receives receiving a notice or claim, which is not frivolous or vexatious, claim to the effect that the Borrower or any LAC Party is of its subsidiaries are liable to any Person in a material amount as a result of the Release or threatened Release of any Hazardous MaterialSubstance into the environment in, on, under or adjacent to the Owned Properties or Leased Properties; (ivB) receives receiving any notice that the Borrower or any LAC Party of its subsidiaries is subject to investigation by any Government Authority Governmental Entity evaluating whether any remedial action Remedial Action is needed to respond to the Release or threatened Release of any Hazardous Material where such response would reasonably be expected Substance into the environment, in, on, under or adjacent to have a Material Adverse Effectthe Owned Properties or the Leased Properties; (vC) receives receiving any notice that all or any portion of the owned real Property Owned Properties or the leased real Property Leased Properties is subject to a material an order or a Lien (other than Permitted Liens) Security Interest under or pursuant to any Environmental Law securing an amount in excess of US$1,000,000 (or the equivalent amount in any other currency)Law; (viD) receives receiving any notice of a material condition with respect to any owned real Property the Owned Properties or the leased real Property Leased Properties which might reasonably result in a notice of a material violation of any Environmental Law; (viiE) receives receiving any notice of the commencement of any judicial or administrative proceeding alleging a material violation of any Environmental Law with respect to any owned real Property the Owned Properties or the leased real PropertyLeased Properties; or (viiiF) undertakes undertaking any material activities as a result of new or proposed changes to any existing Environmental Law that would reasonably be expected to have a Material Adverse Effect.

Environmental Reporting. Promptly, and, and in any event, event within ten (10) 10 days of each occurrence, (i) notify the Administrative Agent of any proceeding orders or order before any Government Authority Governmental Entity requiring the Borrower or any LAC Party of its Subsidiaries to comply with or take action under any Environmental Laws and of any state or affairs on the Owned Properties, Leased Properties or its business which would reasonably be expected to result in (A) have a future claim requiring expenditures in the amount of US$1,000,000 (or the equivalent amount in any other currency) or more, (B) the imposition of a fine or fines aggregating US$1,000,000 (or the equivalent amount in any other currency) or more, or (C) the shutting down of any material facility for a period which would reasonably be expected to result in losses of US$1,000,000 (or the equivalent amount in any other currency) or moreMaterial Adverse Effect; and (ii) notify the Administrative Agent and the Lenders, within 10 days therefrom, of any other occurrence with respect to Environmental Laws and involving the Borrower or any of its Subsidiaries which would reasonably be expected to cause or result in have a Material Adverse Effect. Such occurrences shall include where , including, provided that same would reasonably be expected to have a Material Adverse Effect, the Borrower or any LAC Party of its Subsidiaries (iiiA) receives receiving a notice or claim, which is not frivolous or vexatious, claim to the effect that the Borrower or any LAC Party is of its Subsidiaries are liable to any Person in a material amount as a result of the Release or threatened Release of any Hazardous MaterialSubstance into the environment in, on, under or adjacent to the Owned Properties or Leased Properties; (ivB) receives receiving any notice that the Borrower or any LAC Party of its Subsidiaries is subject to investigation by any Government Authority Governmental Entity evaluating whether any remedial action Remedial Action is needed to respond to the Release or threatened Release of any Hazardous Material where such response would reasonably be expected Substance into the environment, in, on, under or adjacent to have a Material Adverse Effectthe Owned Properties or the Leased Properties; (vC) receives receiving any notice that all or any portion of the owned real Property Owned Properties or the leased real Property Leased Properties is subject to a material an order or a Lien (other than Permitted Liens) Security Interest under or pursuant to any Environmental Law securing an amount in excess of US$1,000,000 (or the equivalent amount in any other currency)Law; (viD) receives receiving any notice of a material condition with respect to any owned real Property the Owned Properties or the leased real Property Leased Properties which might reasonably result in a notice of a material violation of any Environmental Law; (viiE) receives receiving any notice of the commencement of any judicial or administrative proceeding alleging a material violation of any Environmental Law with respect to any owned real Property the Owned Properties or the leased real PropertyLeased Properties; or (viiiF) undertakes undertaking any material activities as a result of new or proposed changes to any existing Environmental Law that would reasonably be expected to have a Material Adverse Effect.

Environmental Reporting. Promptly, and, and in any event, event within ten (10) 10 days of each occurrence, (i) notify the Administrative Agent of any proceeding orders or order before any Government Authority Governmental Entity requiring any LAC Party the Borrower, Guarantor or their respective Subsidiaries to comply with or take action under any Environmental Laws which would reasonably be expected to result in (A) a future claim requiring where such compliance or action requires expenditures in the amount of US$1,000,000 (or the equivalent amount in any other currency) Cdn. $500,000 or more, (B) the violation thereof involves the possibility of the imposition of a fine or fines aggregating US$1,000,000 (Cdn. $500,000 or more or the equivalent amount in any other currency) or more, or (C) the shutting down closing of any material facility property referred to in Schedule 9 or 10 for a period which in excess of 48 hours where such closure would reasonably be expected to result in losses of US$1,000,000 (or the equivalent amount in any other currency) or morehave a Material Adverse Effect; and (ii) notify the Administrative Agent of any material occurrence which would reasonably be expected relating to cause or result in a Material Adverse Effectenvironmental matters that does not require notification under (i) above, together with each delivery of financial statements pursuant to Section 8.1(a). Such material occurrences shall include occurrences where any LAC Party of the Borrower, Guarantor or their respective Subsidiaries (iii) receives a written notice or claim, which is not frivolous or vexatious, claim to the effect that the Borrower, Guarantor or any LAC Party of their respective Subsidiaries is liable to any Person in a material amount as a result of the Release or threatened Release of any Hazardous MaterialSubstance into the environment in, on, under or adjacent to the Owned Properties or Leased Properties; (iv) receives any written notice that the Borrower, Guarantor or any LAC Party of their respective Subsidiaries is subject to investigation by any Government Authority Governmental Entity evaluating whether any remedial action Remedial Action is needed to respond to the Release or threatened Release of any Hazardous Material where such response would reasonably be expected Substance into the environment in, on, under or adjacent to have a Material Adverse Effectthe Owned Properties or Leased Properties; (v) receives any written notice that all or any portion of the owned real Property Owned Properties or the leased real Property Leased Properties is subject to a material an order or a Lien (other than Permitted Liens) Security Interest under or pursuant to any Environmental Law securing an amount in excess of US$1,000,000 (or the equivalent amount in any other currency)Law; (vi) receives any written notice of a material condition with respect to any owned real Property the Owned Properties or the leased real Property Leased Properties which might reasonably result in a notice of a material violation by the Borrower, Guarantor or any of their respective Subsidiaries of any Environmental Law; (vii) receives any written notice of the commencement of any judicial or administrative proceeding alleging a material violation by the Borrower, Guarantor or any of their Subsidiaries of any Environmental Law with respect to any owned real Property the Owned Properties or the leased real PropertyLeased Properties; or (viii) undertakes any material activities as a result of new or proposed changes to any existing Environmental Law that would could have a Material Adverse Effectmaterial adverse effect on the condition of the Borrower, Guarantor or any of their respective Subsidiaries.