Common use of Commencement of a Legal Proceeding Clause in Contracts

Commencement of a Legal Proceeding. The commencement of any Legal Proceeding alleging a violation of or liability under any Environmental Law, other than those the consequences of which in the aggregate would have no reasonable likelihood of subjecting the Loan Parties collectively to Environmental Liabilities and Costs that have a Material Adverse Effect;

Appears in 2 contracts

Samples: Credit Agreement (National Steel Corp), Credit Agreement (National Steel Corp)

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Commencement of a Legal Proceeding. The commencement of any Legal Proceeding alleging a violation of or liability under any Environmental Law, other than those the consequences of which in the aggregate would have no reasonable likelihood of subjecting the Loan Parties Borrower and its Subsidiaries collectively to Environmental Liabilities and Costs that have a Material Adverse Effect;

Appears in 2 contracts

Samples: Subordinated Credit Agreement (National Steel Corp), Subordinated Credit Agreement (National Steel Corp)

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Commencement of a Legal Proceeding. The commencement after the Petition Date of any Legal Proceeding alleging a violation of or liability under any Environmental Law, other than those the consequences of which in the aggregate would have no reasonable likelihood of subjecting the Loan Parties collectively to Environmental Liabilities and Costs that have a Material Adverse Effect;

Appears in 1 contract

Samples: Credit Agreement (National Steel Corp)

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