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 Borrower and its Subsidiaries collectively to Environmental Liabilities and Costs that have a Material Adverse Effect;
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Samples: Pledge and Security Agreement (National Steel Corp), Subordinated Credit Agreement (National Steel Corp)
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 Borrower and its Subsidiaries Loan Parties collectively to Environmental Liabilities and Costs that have a Material Adverse Effect;
Appears in 2 contracts
Samples: Credit Agreement (National Steel Corp), Security Agreement (National Steel Corp)
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 Borrower and its Subsidiaries Loan Parties collectively to Environmental Liabilities and Costs that have a Material Adverse Effect;
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