Common use of Hazardous Substances Carriers Clause in Contracts

Hazardous Substances Carriers. To the knowledge of the Borrower after due inquiry, all Hazardous Materials generated at any and all property of the Loan Parties as and from the acquisition and/or occupation of such properties by the relevant Loan Party have been treated, transported, stored and disposed of only in accordance with all Environmental Laws applicable to them, except to the extent the failure to have such Hazardous Materials transported, treated or disposed of by such carriers would not reasonably be expected to have a Material Adverse Effect, and only at treatment, storage and disposal facilities maintaining valid permits under applicable Environmental Laws, which carriers and facilities have been and are operating in compliance with such permits, except to the extent the failure to have such Hazardous Materials treated, transported, stored or disposed of at such facilities, or the failure of such carriers or facilities to so operate, would not reasonably be expected to have a Material Adverse Effect or which would not reasonably be expected to result in remedial obligations having a Material Adverse Effect, assuming disclosure to the applicable governmental authority of all relevant facts, conditions and circumstances, if any, pertaining to the relevant property.

Appears in 1 contract

Sources: Credit Agreement (New Found Gold Corp.)

Hazardous Substances Carriers. To the knowledge of the Borrower after due inquiry, all Hazardous Materials All hazardous substances or solid waste generated at any and all property of the Loan Parties as and from Company or its Subsidiaries have in the acquisition and/or occupation of such properties by the relevant Loan Party have past been treated, transported, stored treated and disposed of only in accordance with all by carriers maintaining valid permits under any Environmental Laws applicable to themLaw, except to the extent the failure to have such Hazardous Materials substances or waste transported, treated or disposed of by such carriers would could not reasonably be expected to have a Material Adverse EffectEffect on the Company and its Subsidiaries, taken as a whole, and only at treatment, storage and disposal facilities maintaining valid permits under applicable any Environmental LawsLaw, which carriers and facilities have been and are operating in compliance with such permits, except to the extent the failure to have such Hazardous Materials substances or waste treated, transported, stored or disposed of at such facilities, or the failure of such carriers or facilities to so operate, would could not reasonably be expected to have a Material Adverse Effect on the Company and its Subsidiaries, taken as whole or which would not could reasonably be expected to result in remedial obligations having a Material Adverse EffectEffect on the Company and its Subsidiaries, taken as a whole, assuming disclosure to the applicable governmental authority Governmental Authority of all relevant facts, conditions and circumstances, if any, pertaining to the relevant property.

Appears in 1 contract

Sources: Securities Purchase Agreement (Queen Sand Resources Inc)