Common use of Compliance with Environmental Requirements Clause in Contracts

Compliance with Environmental Requirements. (a) To the best knowledge of Borrower, all properties of Borrower are in compliance with all federal, state or local environmental protection laws, statutes and regulations which are material to the conduct of the business of Borrower, or its properties, and the Borrower is currently in compliance with all material reporting requirements, rules, and regulations which are applicable to Borrower or its properties by reason of such governmental environmental protective agencies.

Appears in 5 contracts

Samples: Convertible Loan Agreement (Integrated Security Systems Inc), Convertible Debenture Loan Agreement (Contour Medical Inc), Convertible Debenture Loan Agreement (Packaging Research Corp)

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Compliance with Environmental Requirements. (a) To the best knowledge of BorrowerExcept as set forth in Schedule 4.15, all properties of Borrower are in compliance in all material respects with all federal, state or local environmental protection laws, statutes statutes, rules and regulations which are material to the conduct of the business of the Borrower, or its properties, and the Borrower is currently in compliance in all material respects with all material environmental reporting requirements, rules, and regulations requirements which are applicable to Borrower or its properties by reason of such governmental environmental protective agenciesproperties.

Appears in 1 contract

Samples: Convertible Loan Agreement (Play by Play Toys & Novelties Inc)

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