Environmental Affairs Clause Samples
The Environmental Affairs clause establishes the responsibilities and obligations of the parties regarding environmental protection and compliance with applicable environmental laws. Typically, this clause requires parties to adhere to regulations concerning pollution, waste disposal, and the handling of hazardous materials, and may mandate reporting or remediation actions if environmental harm occurs. Its core function is to ensure that all parties act in an environmentally responsible manner, thereby minimizing legal and financial risks associated with environmental violations.
Environmental Affairs. The Syndication Agent shall be satisfied with the environmental affairs of the Borrower and its Subsidiaries and Toastmaster and its Subsidiaries.
Environmental Affairs. Performs analyses and advocacy of regulatory and legislative issues in the areas of environment. Communicates final regulatory requirements to operating groups. Provides assistance, support and compliance review in meeting those requirements. Oversees hazardous substance site investigations and remediation activities. Costs of a general nature are allocated using the Three-Factor Formula.
Environmental Affairs. The Lenders shall be reasonably satisfied with the environmental affairs of the Borrower and its Subsidiaries.
Environmental Affairs. (1) The Company at present complies and, at all times prior to the Closing Date, has complied with all environmental laws and regulations.
(2) The Company has not received any notice on any resolution about any violation to environmental, safety and health laws. There is no present or potential claim or action, against the Company, with cause or grounds on regulations regarding hazardous waste, environment and industrial security applicable in each of the jurisdictions where it carries out its activities and where its assets are located. It has not been verified any fact that, as a consequence of the noncompliance with any applicable rule, could result in such claims or actions.
(3) The Company has the licenses and permits to operate.
Environmental Affairs. The initial Lenders shall be reasonably satisfied with the environmental affairs of K&F and its Subsidiaries (it being understood that each initial Lender shall evidence such satisfaction by executing and delivering this Agreement).
Environmental Affairs. The Administrative Agent shall be satisfied with the environmental affairs of the Borrower and its Subsidiaries.
Environmental Affairs. Assists Client Companies in providing energy-related environmental services (compliance, studies, testing, licensing, monitoring, employee training, etc.) to customers. Where applicable, such services also provided to Client Companies themselves.
Environmental Affairs. (a) Use, maintain, and operate their properties and assets complying in all aspects with the Environmental Law, except for any breaches that do not affect or may affect their operations and businesses or do not result or may result in environmental damage under the Environmental Laws;
(b) Keep the validity of any Governmental Authority licenses required under the Environmental Laws to conduct of their operations, except for those concessions, permits, certificates, approvals, licenses, and other minor authorizations not interfering with the Joint Obligors’ purpose or ability to conduct their business properly or use their properties and assets for the required purposes;
(c) Manage all waste and hazardous materials in compliance with the applicable Environmental Law;
(d) Notify the Management Agent in writing of any claims, notifices, complaints, or relevant investigations that may give rise to any Joint Obligors’ Environmental Responsibility, within the 10 Business Days following the relevant event; and
(e) Deliver any information that the Management Agent or any Creditor may reasonably request to comply with their internal regulations on environmental matters, within the 30 calendar days following request’s date.