Hazardous Materials; Remediation. (a) If any release or disposal of Hazardous Materials shall occur or shall have occurred on any real property or any other assets of any Credit Party, such Credit Party will cause the prompt containment and removal of such Hazardous Materials and the remediation of such real property or other assets as is necessary to comply with all Laws and to preserve the value of such real property or other assets. Without limiting the generality of the foregoing, each Credit Party shall comply with each Law requiring the performance at any real property by such Credit Party of activities in response to the release or threatened release of a Hazardous Material.
Appears in 5 contracts
Samples: Credit, Guaranty and Security Agreement (Gossamer Bio, Inc.), Credit, Guaranty and Security Agreement (Midatech Pharma PLC), Credit, Guaranty and Security Agreement (Quotient LTD)
Hazardous Materials; Remediation. (a) If any release or disposal of Hazardous Materials shall occur or shall have occurred on any real property or any other assets of any Credit Party, such Credit Party will cause cause, or direct the applicable Credit Party to cause, the prompt containment and removal of such Hazardous Materials and the remediation of such real property or other assets as is necessary to comply with all Laws and to preserve the value of such real property or other assetsEnvironmental Laws. Without limiting the generality of the foregoing, each Credit Party shall, and shall cause each other Credit Party to, comply with each Environmental Law requiring the performance at any real property by such any Credit Party of activities in response to the release or threatened release of a Hazardous Material.
Appears in 3 contracts
Samples: Assignment Agreement (Apyx Medical Corp), Credit, Security and Guaranty Agreement (ViewRay, Inc.), Credit and Security Agreement (Williams Industrial Services Group Inc.)
Hazardous Materials; Remediation. (a) If any release or disposal of Hazardous Materials shall occur or shall have occurred on any real property or any other assets of any Credit Party, such Credit Party will cause cause, or direct the applicable Credit Party to cause, the prompt containment and removal of such Hazardous Materials and the remediation Remediation of such real property or other assets as is necessary to comply with all Environmental Laws and to preserve the value of such real property or other assets. Without limiting the generality of the foregoing, each Credit Party shall comply with each Environmental Law requiring the performance at any real property by such any Credit Party of activities in response to the release or threatened release of a Hazardous Material.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Pernix Therapeutics Holdings, Inc.)
