No Contingent Liability. The Credit Parties have no material contingent liability in connection with any release or threatened release of any Hazardous Materials into the environment other than such contingent liabilities at any one time and from time to time which could not reasonably be expected to exceed the applicable insurance coverage and for which adequate reserves for the payment thereof as required by GAAP have been provided, or which could 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 such release or threatened release. The representations and warranties in this Section 3.17 do not extend to transmitter sites or other real property in which any Credit Party has a leasehold interest, except to the extent that anything referred to in this Section 3.17 results from the act or omission of a Credit Party.
Appears in 5 contracts
Samples: Tranche B Credit Agreement (Microcell Telecommunications Inc), Tranche a Exit Facility Agreement (Microcell Telecommunications Inc), Credit Agreement (Microcell Telecommunications Inc)
