Required Environmental definition

Required Environmental. Notices shall mean all notices, reports, plans, forms or other filings which pursuant to Environmental Laws, Required Environmental Permits or at the request or direction of an Official Body either must be submitted to an Official Body or which otherwise must be maintained.
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Required Environmental. PERMITS shall mean all permits, licenses, bonds, consents, programs, approvals or authorizations required under Environmental Laws to own, occupy or maintain the Property or which otherwise are required for the operations and business activities of the Borrower or Guarantors.
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Required Environmental. Permits shall mean all permits, licenses, ------------------------------ bonds, consents, programs, approvals or authorizations required under Environmental Law for the Borrower and/or each of its Subsidiaries to conduct its operations, maintain the Property or equipment thereon or construct, maintain, operate or occupy any improvements. Required Environmental Notices shall mean all notices, reports, ------------------------------ plans, forms or other filings which pursuant to Environmental Law, Required Environmental Permits or at the request or direction of an Official Body must be submitted to an Official Body or which otherwise must be maintained with respect to the Property, Contamination and the operations and activities of the Borrower and each of its Subsidiaries. Responsible Officer shall mean, with respect to any Loan Party, ------------------- the Chief Executive Officer, the Chief Financial Officer or the treasurer thereof. Restricted Indebtedness shall mean with respect to the Excluded ----------------------- Entities, Indebtedness secured by any Liens, other than Indebtedness not to exceed $250,000 in the aggregate for all Excluded Entities secured by Purchase Money Security Interests. Restricted Investments shall mean collectively the following ---------------------- with respect to the Excluded Entities: (i) investments or contributions by any of the Loan Parties directly or indirectly in or to the capital of or other payments to (except in connection with transactions for fair value in the ordinary course of business) an Excluded Entity, (ii) loans by any of the Loan Parties directly or indirectly to an Excluded Entity, (iii) guaranties by any of the Loan Parties directly or indirectly of the obligations of an Excluded Entity, or (iv) other obligations, contingent or otherwise, of any of the Loan Parties to or for the benefit of an Excluded Entity. If the nature of a Restricted Investment is tangible property then the amount of such Restricted Investment shall be determined by valuing such property at fair value in accordance with the past practice of the Loan Parties and such fair values shall be satisfactory to the Agents, in their sole discretion. Restricted Subsidiaries shall mean all Subsidiaries of the ----------------------- Borrower other than the Unrestricted Subsidiaries of the Borrower which as of the date of determination are Excluded Entities. Revolving Credit Base Rate Option shall have the meaning --------------------------...
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Examples of Required Environmental in a sentence

  • There are no pending or, to any Loan Party’s knowledge, threatened Environmental Complaints relating to any Loan Party or Subsidiary of any Loan Party or, to any Loan Party’s knowledge, any prior owner, operator or occupant of any of the Properties pertaining to, or arising out of, any Contamination or violations of Environmental Laws or Required Environmental Permits.

  • There are no pending or, to any Loan Party's knowledge, threatened Environmental Complaints relating to any Loan Party or, to any Loan Party's knowledge, any prior owner, operator or occupant of any of the Properties pertaining to, or arising out of, any Contamination or violations of Environmental Laws or Required Environmental Permits which could reasonably be expected to constitute a Material Adverse Change.

  • There are no pending or, to any Loan Party’s knowledge, threatened Environmental Complaints relating to any Loan Party or, to any Loan Party’s knowledge, any prior owner, operator or occupant of any of the Properties pertaining to, or arising out of, any Contamination or violations of Environmental Laws or Required Environmental Permits which could reasonably be expected to constitute a Material Adverse Change.

  • Environmental Records shall mean all notices, reports, records, plans, applications, forms or other filings relating or pertaining to the Property, Contamination, the performance of a Remedial Action and the operations and business activities of the Loan Parties or any Subsidiaries of any Loan Party which pursuant to Environmental Laws, Required Environmental Permits or at the request or direction of an Official Body either must be submitted to an Official Body or which otherwise must be maintained.

  • The The Seller and the Shareholders shall not be required to reimburse the Buyer for any Recommended Environmental Work that is not Required Environmental Work and the maximum amount that the Sellers and the Shareholders shall be required to reimburse the Buyer for Required Environmental Work under the preceding sentence shall be $100,000.

  • Notwithstanding anything to the contrary in this Agreement, in the event that all of the costs initially paid (and not taking into account any reimbursement from the Seller and the Shareholders) by the Buyer for Required Environmental Work exceed $200,000, then an amount equal to such excess shall be deemed to be Adverse Consequences for which the Buyer is entitled to indemnification pursuant to Section 8(b)(i)(A).

  • For purposes of the limitations of Section 8(d) in connection with determining whether the $500,000 limitation has been exceeded, only one $10,000 limitation shall be applied to all costs incurred by the Buyer in performing Required Environmental Work.

  • The Buyer, the Seller and the Shareholders hereby agree that the further testing recommended in the aforementioned draft Clay▇▇▇ ▇▇▇ironmental Report shall not constitute Required Environmental Work (as hereinafter defined).

  • In addition to or as a part of such quarterly reports, when the Borrower completes all Required Environmental Tasks with respect to a Property, it shall report such completion to the Administrative Agent.

  • With respect to Properties Conditionally Approved For The Borrowing Base, until all of the Required Environmental Tasks are completed to the satisfaction of the Administration Agent, the Borrower shall provide to the Administrative Agent on each January 1, April 1, July 1 and October 1 from the Effective Date through the Termination Date, a report detailing the status of the efforts to complete such Required Environmental Tasks.


More Definitions of Required Environmental

Required Environmental. PERMITS shall mean all permits, licenses, bonds, approvals or authorizations required under Environmental Laws for the Loan Parties to conduct their respective operations, maintain the Property or equipment thereon or construct and maintain any improvement. REQUIRED ENVIRONMENTAL REPORTS shall mean all notices, reports, forms or other filings which pursuant to Environmental Laws must be submitted to an Official Body or which otherwise must be maintained by the Loan Parties.
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Required Environmental. Notices shall mean all notices, reports, plans, forms or other filings which pursuant to Environmental Laws, Required Environmental Permits or at the request or direction of an Official Body either must be submitted to an Official Body or which otherwise must be maintained. Required Environmental Permits shall mean all permits, licenses, bonds, consents, programs, approvals or authorizations required under Environmental Laws to own, occupy or maintain the Property or which otherwise are required for the operations and business activities of the Loan Parties. Required Share shall have the meaning assigned to such term in Section 4.8 [Settlement Date Procedures]. Restricted Investment shall mean a Loan Party's Investment that constitutes a Subsidiary Investment in any Non-Restricted Person or any Investment in Related Business. Restricted Payments shall mean (i) Dividends and Capital Stock Retirement payments after January 31, 2001 by Hovnanian or otherwise to the shareholders of Hovnanian; and(ii) Payments (whether in the form of principal payments, note repurchases or similar items) to the holder of Subordinated Debt made on or after January 31, 2001; provided, however, with respect to this item (ii), a refinancing of the Subordinated Debt to the extent consisting of the repayment of the Subordinated Debt and the incurring of new "Subordinated Debt" within 60 days of such repayment shall not constitute a "Restricted Payment".
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Required Environmental. Notices shall mean all notices, reports, plans, forms or other filings which pursuant to Environmental Laws, Required Environmental Permits or at the request or direction of an Official Body either must be submitted to an Official Body or which otherwise must be maintained. Required Environmental Permits shall mean all permits, licenses, bonds, consents, programs, approvals or authorizations required under Environmental Laws to own, occupy or maintain the Property or which otherwise are required for the operations and business activities of the Borrowers or Guarantors. Required Lenders shall mean
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Related to Required Environmental

  • Insured Environmental Event As defined in Section 3.07(d).

  • Adverse Environmental Condition means (i) the existence or the continuation of the existence, of an Environmental Contamination (including, without limitation, a sudden or non-sudden accidental or non-accidental Environmental Contamination), of, or exposure to, any substance, chemical, material, pollutant, Hazardous Substance, odor or audible noise or other release or emission in, into or onto the environment (including without limitation, the air, ground, water or any surface) at, in, by, from or related to any Equipment, (ii) the environmental aspect of the transportation, storage, treatment or disposal of materials in connection with the operation of any Equipment, or (iii) the violation, or alleged violation, of any Environmental Law, permits or licenses of, by or from any governmental authority, agency or court relating to environmental matters connected with any of the Equipment.

  • Phase I Environmental Report means a report by an Independent Person who regularly conducts environmental site assessments in accordance with then current standards imposed by institutional commercial mortgage lenders and who has a reasonable amount of experience conducting such assessments.

  • Initial Environmental Examination or “IEE” means the initial environmental examination for the Project, including any update thereto, prepared and submitted by the Borrower and cleared by ADB;

  • Requirements of Environmental Law means all requirements imposed by any law (including for example and without limitation The Resource Conservation and Recovery Act and The Comprehensive Environmental Response, Compensation, and Liability Act), rule, regulation, or order of any federal, state or local executive, legislative, judicial, regulatory or administrative agency, board or authority in effect at the applicable time which relate to (i) noise; (ii) pollution, protection or clean-up of the air, surface water, ground water or land; (iii) solid, gaseous or liquid waste generation, treatment, storage, disposal or transportation; (iv) exposure to Hazardous Substances; (v) the safety or health of employees or (vi) regulation of the manufacture, processing, distribution in commerce, use, discharge or storage of Hazardous Substances.