Examples of Environmental Affiliate in a sentence
If any Environmental Affiliate shall fail to take such action, Bank may make advances or payments towards performance or satisfaction of the same but shall be under no obligation to do so.
If any Environmental Affiliate shall fail to take such action, Agent may make advances or payments towards performance or satisfaction of the same but shall be under no obligation to do so.
Provided that an Event of Default has occurred and is continuing or Bank has a good faith belief that an Environmental Affiliate has failed to comply with any Environmental Requirements, the cost of such visits, inspections, examination and tests shall be borne by the Borrower and, if in any such event, Bank pays such costs, such sums shall be at once repayable by Borrower and all sums so advanced or paid by Bank shall become part of the Bank Indebtedness.
Neither Inland Refining nor any Environmental Affiliate of Inland Refining shall institute any foreclosure proceedings, take possession of, manage, operate, or exert controlling influence over any property or facility which secures the Sound Refining Note and is encumbered by the Sound Refining Deed of Trust, without first obtaining the prior written consent of Agent, which consent may be granted or withheld in Agent's sole and absolute discretion.
Borrower represents and warrants to Bank that there are no Special Materials presently located on or, to the best of its knowledge, near any real property owned, leased or operated by any Environmental Affiliate (collectively, "Real Property") except for Special Materials which are and have at all times been treated, stored, transported, handled and disposed of in compliance with all Environmental Requirements.