Compliance with Environmental Laws; Environmental Reports. Each Obligor shall and shall cause each Restricted Subsidiary to (i) comply with all Environmental Laws applicable to its operations and real property except to the extent that the failure to comply could not reasonably be expected to result in a Material Adverse Effect; (ii) obtain and renew all Governmental Approvals required under Environmental Laws applicable to its operations and real property except to the extent that the failure to obtain or renew such approvals could not reasonably be expected to result in a Material Adverse Effect; and (iii) conduct any Response in accordance with Environmental Laws except to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect; provided that neither such Obligor nor any Restricted Subsidiary shall be required to undertake any Response to the extent that its obligation to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP.
Appears in 4 contracts
Samples: Credit Agreement (Cardtronics Inc), Credit Agreement (Cardtronics Inc), Credit Agreement (Cardtronics Inc)
Compliance with Environmental Laws; Environmental Reports. Each Obligor shall In addition to and without limiting the generality of Section 5.07, each Borrower shall, and shall cause each Restricted Subsidiary to its respective Subsidiaries to, (i) comply in all respects with all Environmental Laws applicable to its operations and real property except to the extent that where the failure to comply do so, individually or in the aggregate, could not reasonably be expected to result in have a Material Adverse Effect; (ii) obtain and renew all material Governmental Approvals required under Environmental Laws applicable to its operations and real property except to the extent that where the failure to obtain or renew such approvals do so could not reasonably be expected to result in have a Material Adverse Effect; and (iii) conduct any legally required Response in accordance with applicable Environmental Laws except to the extent that where the failure to do so could not reasonably be expected to result in have a Material Adverse Effect; provided that neither such Obligor of the Borrowers nor any Restricted Subsidiary of their respective Subsidiaries shall be required to undertake any Response to the extent that its obligation to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP.
Appears in 2 contracts
Samples: Credit Agreement (Ion Geophysical Corp), Credit Agreement (Ion Geophysical Corp)
Compliance with Environmental Laws; Environmental Reports. Each Obligor shall In addition to and without limiting the generality of Section 5.07, the Borrower shall, and shall cause each Restricted Subsidiary to its Subsidiaries to, (i) comply in all respects with all Environmental Laws applicable to its operations and real property except to the extent that where the failure to comply do so, individually or in the aggregate, could not reasonably be expected to result in have a Material Adverse Effect; (ii) obtain and renew all material Governmental Approvals required under Environmental Laws applicable to its operations and real property except to the extent that where the failure to obtain or renew such approvals do so could not reasonably be expected to result in have a Material Adverse Effect; and (iii) conduct any legally required Response in accordance with applicable Environmental Laws except to the extent that where the failure to do so could not reasonably be expected to result in have a Material Adverse Effect; provided that neither such Obligor the Borrower nor any Restricted Subsidiary of its Subsidiaries shall be required to undertake any Response to the extent that its obligation to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP.
Appears in 2 contracts
Samples: Bridge Loan Agreement (Ion Geophysical Corp), Credit Agreement (Input Output Inc)
Compliance with Environmental Laws; Environmental Reports. Each Obligor shall and shall cause each Restricted Subsidiary to (ia) comply with all Environmental Laws applicable to its operations and real property except to the extent that the failure to comply could not reasonably be expected to result in a Material Adverse Effect; (iib) obtain and renew all Governmental Approvals required under Environmental Laws applicable to its operations and real property except to the extent that the failure to obtain or renew such approvals could not reasonably be expected to result in a Material Adverse Effect; and (iiic) conduct any Response in accordance with Environmental Laws except to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect; provided that neither such Obligor nor any Restricted Subsidiary shall be required to undertake any Response to the extent that its obligation to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP.
Appears in 1 contract
Samples: Credit Agreement (Cardtronics PLC)