Common use of Environmental Events Clause in Contracts

Environmental Events. The Borrower will promptly give notice to the Agent (a) of any violation of any Environmental Law or release of a Hazardous Substance that the Borrower or any of its Subsidiaries reports in writing or which is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that might reasonably be expected to materially adversely affect the assets, liabilities, financial conditions or operations of the Borrower and its Subsidiaries on a consolidated basis.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Allbritton Communications Co), Credit Agreement (Allbritton Communications Co)

AutoNDA by SimpleDocs

Environmental Events. The Borrower will promptly give notice to the Administrative Agent (a) of any violation of any Environmental Law or release of a Hazardous Substance Laws that the Borrower or any of its Subsidiaries reports in writing or which is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency agency, and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, investigation or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that might could reasonably be expected to materially adversely affect the assets, liabilities, financial conditions condition or operations of the Borrower and its Subsidiaries on Material Subsidiaries, taken as a consolidated basiswhole. §6.15.

Appears in 2 contracts

Samples: Revolving Credit Agreement (United States Cellular Corp), Revolving Credit Agreement (United States Cellular Corp)

Environmental Events. The Borrower will promptly give notice to the Administrative Agent (a) of any violation of any Environmental Law or release of a Hazardous Substance that the Borrower or any of its Subsidiaries reports in writing or which is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that might reasonably be expected to materially adversely affect the assets, liabilities, financial conditions or operations of the Borrower and its Material Subsidiaries on a consolidated basis.

Appears in 2 contracts

Samples: Credit Agreement (United States Cellular Corp), Revolving Credit Agreement (Telephone & Data Systems Inc /De/)

Environmental Events. The Borrower will promptly give notice to the Administrative Agent (ai) of any violation of any Environmental Law or release of a Hazardous Substance that the Borrower or any of its Subsidiaries reports in writing or which is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that might is reasonably be expected to materially adversely adverse affect the assets, liabilities, financial conditions or operations of the Borrower and its Subsidiaries on taken as a consolidated basiswhole, or the Administrative Agent's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Bangor Hydro Electric Co)

Environmental Events. The Borrower will promptly give notice -------------------- to the Agent Bank (ai) of any violation of any Environmental Law or release of a Hazardous Substance that the Borrower or any of its Subsidiaries reports in writing or which is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that might reasonably be expected has the potential to materially adversely affect the assets, liabilities, financial conditions condition, operations or operations prospects of the Borrower and its Subsidiaries on a consolidated basisBorrower.

Appears in 1 contract

Samples: Loan Agreement (Copley Pharmaceutical Inc)

Environmental Events. The Borrower will promptly give ---------------------- notice to the Administrative Agent (a) of any violation of any Environmental Law or release of a Hazardous Substance that the Borrower or any of its Subsidiaries reports in writing or which is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that might reasonably be expected to materially adversely affect the assets, liabilities, financial conditions or operations of the Borrower and its Material Subsidiaries on a consolidated basis.

Appears in 1 contract

Samples: Revolving Credit Agreement (United States Cellular Corp)

Environmental Events. The Borrower will promptly give notice to the Administrative Agent and each of the Banks (ai) of any material violation of any Environmental Law or release of a Hazardous Substance that the Borrower or any of its Subsidiaries reports in writing or which is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that might reasonably be expected has the potential to materially adversely affect the assets, liabilities, financial conditions or operations of the Borrower and or any of its Subsidiaries on a consolidated basisSubsidiaries.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hvide Marine Inc)

Environmental Events. The Borrower will promptly give -------------------- notice to the Agent and each of the Banks (ai) of any violation of any Environmental Law or release of a Hazardous Substance that the Borrower or any of its Subsidiaries reports in writing or which is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that might reasonably be expected has the potential to materially adversely affect the assets, liabilities, financial conditions or operations of the Borrower and or any of its Subsidiaries on a consolidated basisSubsidiaries.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc)

AutoNDA by SimpleDocs

Environmental Events. The Borrower will promptly give notice -------------------- to the Agent and each of the Banks (ai) of any violation of any Environmental Law or release of a Hazardous Substance that the Borrower or any of its Subsidiaries reports in writing or which is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (bii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that might reasonably be expected has the potential to materially adversely affect the assets, liabilities, financial conditions or operations of the Borrower and or any of its Subsidiaries on a consolidated basisSubsidiaries.

Appears in 1 contract

Samples: Revolving Credit (Mapics Inc)

Environmental Events. The Borrower will promptly give notice ------------- ------ to the Administrative Agent (a) of any violation of any Environmental Law or release of a Hazardous Substance that the Borrower or any of its Subsidiaries reports in writing or which is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that might reasonably be expected to materially adversely affect the assets, liabilities, financial conditions or operations of the Borrower and its Material Subsidiaries on a consolidated basis.

Appears in 1 contract

Samples: Revolving Credit Agreement (Telephone & Data Systems Inc /De/)

Environmental Events. The Borrower will promptly give notice to the Administrative Agent (a) of any violation of any Environmental Law or release of a Hazardous Substance Laws that the Borrower or any of its Subsidiaries reports in writing or which is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that might could reasonably be expected to materially adversely affect the assets, liabilities, financial conditions condition or operations of the Borrower and its Material Subsidiaries on taken as a consolidated basiswhole.

Appears in 1 contract

Samples: Revolving Credit Agreement (Telephone & Data Systems Inc /De/)

Environmental Events. The Borrower Borrowers will promptly give notice to the Agent Banks (a) of any violation of any Environmental Law or release that any of a Hazardous Substance that the Borrower Borrowers or any of its their Subsidiaries reports report in writing or which is are reportable by such Person Persons in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that might reasonably be expected has the potential to materially adversely affect the assets, liabilities, financial conditions or operations of any of the Borrower Borrowers individually or the Borrowers and its their Subsidiaries on a consolidated basis.

Appears in 1 contract

Samples: Revolving Credit Agreement (Au Bon Pain Co Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.