Common use of Compliance; Notification Clause in Contracts

Compliance; Notification. (a) Comply in all material respects with all local, state and federal laws and regulations applicable to its business (including the Environmental Control Statutes), including without limitation all laws and regulations of the Local Authorities, and with the provisions and requirements of all franchises, permits, certificates of compliance, approval and need issued by regulatory authorities and with other like grants of authority held by any Borrower; and notify Bank immediately in detail of any actual or alleged failure to comply with or perform, breach, violation or default under any such laws or regulations or under the terms of any of such franchises, licenses or grants of authority, or of the occurrence or existence of any facts or circumstances which with the passage of time, the giving of notice or otherwise could create such a breach, violation or default or could occasion the termination of any of such franchises, licenses or grants of authority, to the extent that any of the foregoing could reasonably be expected to have a Material Adverse Effect.

Compliance; Notification. (a) Comply in all material respects with all local, state and federal laws and regulations applicable to its business (including and in all respects with the Environmental Control Statutes), including without limitation all laws and regulations of the Local Authorities, and with the provisions and requirements of all franchises, permits, certificates of compliance, approval and need issued by regulatory authorities and with other like grants of authority held by any Borrower; and notify Bank immediately in detail of any actual or alleged failure to comply with or perform, breach, violation or default under any such laws or regulations or under the terms of any of such franchises, licenses or grants of authority, or of the occurrence or existence of any facts or circumstances which with the passage of time, the giving of notice or otherwise could create such a breach, violation or default or could occasion the termination of any of such franchises, licenses or grants of authority, to the extent that any of the foregoing could reasonably be expected to have a Material Adverse Effect.

Compliance; Notification. (a) Comply in all material respects with all local, state and federal laws and regulations applicable to its business (including and in all respects with the Environmental Control Statutes), including without limitation all laws and regulations of the Local Authorities, and with the provisions and requirements of all franchises, permits, certificates of compliance, approval and need issued by regulatory authorities and with other like grants of authority held by any BorrowerCompany; and notify Bank Agent immediately in detail of any actual or alleged failure to comply with or perform, breach, violation or default under any such laws or regulations or under the terms of any of such franchises, licenses or grants of authority, or of the occurrence or existence of any facts or circumstances which with the passage of time, the giving of notice or otherwise could create such a breach, violation or default or could occasion the termination of any of such franchises, licenses or grants of authority, to the extent that any of the foregoing could reasonably be expected to have a Material Adverse Effect.