Common use of Environmental Condition Clause in Contracts

Environmental Condition. (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the Borrower and its Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not caused at the site or at any third‑party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlands.

Appears in 9 contracts

Samples: Senior Unsecured Credit Agreement (LaSalle Hotel Properties), Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties), Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties)

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Environmental Condition. (a) Except as disclosed in writing to the Administrative AgentEnvironmental Reports, to the knowledge of the Borrower, the Borrower and its Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed set forth in writing to the Administrative AgentEnvironmental Reports, to the knowledge of Borrower, none of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlands.

Appears in 5 contracts

Samples: Senior Unsecured Credit Agreement (Lasalle Hotel Properties), Senior Unsecured Credit Agreement (Lasalle Hotel Properties), Senior Unsecured Credit Agreement (Lasalle Hotel Properties)

Environmental Condition. (a) Except as disclosed could not, individually or in writing the aggregate, reasonably be expected to the Administrative Agent, to the knowledge of the Borrowerhave a Material Adverse Effect, the Borrower and its Subsidiaries Loan Parties (i) have obtained all Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or previously owned or operated Property Properties of the Borrower Loan Parties or of any of its their present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System listCERCLIS, or their state or local analogs, nor has the Parent or have any of its Subsidiaries been otherwise investigatednotified of the designation, designated, listed, listing or identified identification of any Property of such Loan Party or any of its present or former Subsidiaries as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably (except as such activities may be expected to cause a Material Adverse Changerequired by permit conditions); (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower Loan Parties or any of its their present or former Subsidiaries, wherever located; or (iii) has been the site of any Release, use or storage Release (as defined under any Environmental Law) of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (ivas defined under any Environmental Law) and none of the Improvements are constructed on land designated by Loan Parties or any Governmental Authority having land use jurisdiction as wetlandsof their present or former Subsidiaries has generated or transported or has caused to be generated or transported Hazardous Substances to any third party site which could reasonably be expected to result in the need for Response. (c) Without limiting the foregoing, the present and future liability, if any, of the Parent or any of its Subsidiaries, which could reasonably be expected to arise in connection with requirements under Environmental Laws could not reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (Total Gas & Electricity (PA) Inc), Credit Agreement (MxEnergy Holdings Inc), Credit Agreement (MxEnergy Holdings Inc)

Environmental Condition. (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the Borrower and its Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlands.

Appears in 4 contracts

Samples: Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties), Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties), Senior Unsecured Credit Agreement (LaSalle Hotel Properties)

Environmental Condition. Except as set forth on Schedule 4.13 and except with respect to any other matters that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect: (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the The Borrower and its Subsidiaries (i) have obtained all Environmental Permits material necessary for the ownership and operation of their respective Properties properties and the conduct of their respective businessesbusinesses as currently conducted; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received written notice alleging that the Borrower or any of any violation or alleged its Subsidiaries is in violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or or, to their knowledge, contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or, during the period of ownership and operation by the Borrower or its Subsidiaries, previously owned or operated Property properties of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or or, to their knowledge, proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System listCERCLIS, or their state or local analogs, nor has the Borrower or have any of its Subsidiaries been otherwise investigatednotified in writing of the designation, designated, listed, listing or identified identification of any property of the Borrower or any of its Subsidiaries as a potential site for requiring removal, remediation, cleanup, closure, restoration, reclamation, or other response activity (“Response”) under any Environmental Laws which could reasonably (except as such activities may be expected to cause a Material Adverse Changerequired by permit conditions); or (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes Material from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third party site any condition that has resulted in or could reasonably be expected to result in the need a requirement pursuant to applicable Environmental Law for Response by the Borrower or (iv) any of its Subsidiaries; and none of the Improvements are constructed on land designated Borrower or any of its Subsidiaries has generated or transported or has caused to be generated or transported Hazardous Material to any third party site that could reasonably be expected to result in a requirement pursuant to applicable Environmental Law for Response by the Borrower or any Governmental Authority having land use jurisdiction as wetlandsof its Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (Willbros Group, Inc.\NEW\), Credit Agreement (Willbros Group, Inc.\NEW\), Credit Agreement (Willbros Group, Inc.\NEW\)

Environmental Condition. (a1) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the The Borrower and its Subsidiaries Subsidiaries, taken as a whole, (i) have obtained all Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental LawsLaws of which the failure to comply could reasonably be expected to cause a Material Adverse Change; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit, which violation could reasonably be expected to cause a Material Adverse Change; and (iv) are not subject to any actual or contingent material Environmental Claim, which Environmental Claim could reasonably be expected to cause a Material Adverse Change. (b2) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located, which Lien could reasonably be expected to cause a Material Adverse Change; or (iii) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or that could cause a Material Adverse Change. (iv3) none Without limiting the foregoing, the present and, to the best knowledge of any Responsible Officer of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction Borrower, future liability, if any, of the Borrower and its Subsidiaries, taken as wetlandsa whole, which could reasonably be expected to arise in connection with requirements under Environmental Laws will not result in a Material Adverse Change.

Appears in 3 contracts

Samples: Credit Agreement (Arkansas Best Corp /De/), Credit Agreement (Arkansas Best Corp /De/), Credit Agreement (Arkansas Best Corp /De/)

Environmental Condition. Except as disclosed on the attached Schedule 4.16: (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the Borrower The Company and its Subsidiaries (i) have obtained all material Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all material terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental Laws; (iii) have not received notice of any material violation or alleged violation of any Environmental Law or Environmental PermitPermit by the Company or any of its Subsidiaries; and (iv) are not subject to any material actual or contingent Environmental Claim. (bi) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or previously owned or operated Property Properties of the Borrower Company or of any of its present or former Subsidiaries, wherever located, (iA) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, the RCRA Corrective Action List, or their state or local analogs, or have nor has the Company been otherwise investigatednotified of the designation, designated, listed, listing or identified identification of any Property of the Company or any of its present or former Subsidiaries as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, corrective action, or other response activity under any Environmental Laws which could reasonably (except as such activities may be expected to cause a Material Adverse Changerequired by permit conditions); (iiB) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower Company or any of its present or former Subsidiaries, wherever located; or (iiiC) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could would reasonably be expected to result in the need for Response or that would cause a Material Adverse Change and (ivii) none of the Improvements are constructed on land designated by Company or any Governmental Authority having land use jurisdiction as wetlandsof their present or former Subsidiaries has generated or transported or has caused to be generated or transported Hazardous Substances to any third party site which would reasonably be expected to result in the need for Response that would cause a Material Adverse Change.

Appears in 3 contracts

Samples: Credit Agreement (Global Industries LTD), Credit Agreement (Global Industries LTD), Credit Agreement (Global Industries LTD)

Environmental Condition. (a) Except as set forth on Schedule 4.14 or disclosed in writing to the Administrative AgentPhase I Environmental Site Assessment prepared by URS, to the knowledge of the Borrower, the Borrower and its Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have matters that would not caused at the site or at any third‑party site any condition that has resulted in or could reasonably be expected to result in the need for Response Borrowers or any of their respective Restricted Subsidiaries incurring material liability, (iva) to Borrowers’ knowledge, none of Borrowers’ or their respective Restricted Subsidiaries’ properties or assets has ever been used by Borrowers, any of their respective Restricted Subsidiaries, or by previous owners or operators in the disposal of, or to produce, store, handle, treat, release, or transport, any Hazardous Materials, where such use, production, storage, handling, treatment, release or transport was in violation, in any material respect, of any applicable Environmental Law, (b) to Borrowers’ knowledge, none of Borrowers’ nor any of their respective Restricted Subsidiaries’ properties is or has ever been designated or identified pursuant to any environmental protection statute as a site requiring investigation or remediation due to the disposal or release of Hazardous Materials, (c) none of Borrowers nor any of their respective Restricted Subsidiaries have received notice that a Lien arising under any Environmental Law has attached to any revenues of any Borrower or any of its Restricted Subsidiaries or to any Real Property owned or operated by Borrowers or any of their respective Restricted Subsidiaries, and (d) none of Borrowers nor any of their respective Restricted Subsidiaries have received a summons, citation, notice, or directive from the Improvements are constructed on land designated United States Environmental Protection Agency or any other federal or state governmental agency (“Environmental Claim”) concerning any action or omission by any Governmental Authority having land use jurisdiction as wetlandsBorrower or any of its Restricted Subsidiaries resulting in the releasing or disposing of Hazardous Materials into the environment other than Environmental Claims that would not reasonably be expected to result in a Material Adverse Change, and there are no material Environmental Claims currently pending against Borrowers or any of their respective Restricted Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Altra Industrial Motion, Inc.), Credit Agreement (Boston Gear LLC)

Environmental Condition. (a) Except as disclosed in writing Schedule 4.14 (or with respect to the giving of this representation after the date of this Agreement, as otherwise disclosed to the Administrative AgentAgent in writing after the date of this Agreement and prior to the date such representation is deemed given), to the knowledge of the Borrower, the Borrower Borrower, the Parent and its their respective Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative AgentSchedule 4.14, to the knowledge of Borrower, none of the present no Property which is presently or previously owned or operated Property of by the Borrower Borrower, the Parent or of any of its their respective present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower Borrower, the Parent or any of its their respective Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlands.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Interstate Hotels & Resorts Inc), Senior Secured Credit Agreement (Meristar Hotels & Resorts Inc)

Environmental Condition. (a) Except as disclosed in writing the Environmental Reports (or with respect to the giving of this representation after the date of this Agreement, as otherwise disclosed to the Administrative AgentAgent in writing after the date of this Agreement and prior to the date such representation is deemed given), to the knowledge of the Borrower, the Borrower and its Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed set forth in writing to the Administrative AgentEnvironmental Reports or the surveys for the Hotel Properties, to the knowledge of Borrower, none of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlands.

Appears in 2 contracts

Samples: Senior Unsecured Credit Agreement (American General Hospitality Corp), Subordinate Unsecured Credit Agreement (American General Hospitality Corp)

Environmental Condition. (a) Except as set forth on Schedule 4.14 or disclosed in writing to the Administrative AgentPhase I Environmental Site Assessment prepared by URS, to the knowledge of the Borrower, the Borrower and its Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have matters that would not caused at the site or at any third‑party site any condition that has resulted in or could reasonably be expected to result in the need for Response Borrowers or any of their respective Restricted Subsidiaries incurring material liability, (iva) to Borrowers' knowledge, none of Borrowers' or their respective Restricted Subsidiaries' properties or assets has ever been used by Borrowers, any of their respective Restricted Subsidiaries, or by previous owners or operators in the disposal of, or to produce, store, handle, treat, release, or transport, any Hazardous Materials, where such use, production, storage, handling, treatment, release or transport was in violation, in any material respect, of any applicable Environmental Law, (b) to Borrowers' knowledge, none of Borrowers' nor any of their respective Restricted Subsidiaries' properties is or has ever been designated or identified pursuant to any environmental protection statute as a site requiring investigation or remediation due to the disposal or release of Hazardous Materials, (c) none of Borrowers nor any of their respective Restricted Subsidiaries have received notice that a Lien arising under any Environmental Law has attached to any revenues of any Borrower or any of its Restricted Subsidiaries or to any Real Property owned or operated by Borrowers or any of their respective Restricted Subsidiaries, and (d) none of Borrowers nor any of their respective Restricted Subsidiaries have received a summons, citation, notice, or directive from the Improvements are constructed on land designated United States Environmental Protection Agency or any other federal or state governmental agency ("Environmental Claim") concerning any action or omission by any Governmental Authority having land use jurisdiction as wetlandsBorrower or any of its Restricted Subsidiaries resulting in the releasing or disposing of Hazardous Materials into the environment other than Environmental Claims that would not reasonably be expected to result in a Material Adverse Change, and there are no material Environmental Claims currently pending against Borrowers or any of their respective Restricted Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (TB Wood's INC), Credit Agreement (Altra Industrial Motion, Inc.)

Environmental Condition. (a) Except as disclosed in writing the Environmental Reports (or with respect to the giving of this representation after the date of this Agreement, as otherwise disclosed to the Administrative AgentAgent in writing after the date of this Agreement and prior to the date such representation is deemed given), to the knowledge of the Borrower, the Borrower and its Subsidiaries (i) have obtained all Environmental Permits material necessary for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed set forth in writing to the Administrative AgentEnvironmental Reports or the surveys for the Hotel Properties, to the knowledge of Borrower, none of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlands.

Appears in 2 contracts

Samples: Credit Agreement (American General Hospitality Corp), Credit Agreement (American General Hospitality Corp)

Environmental Condition. (a) Except The Loan Parties, except as disclosed in writing could not reasonably be expected to the Administrative Agenthave a Material Adverse Effect, to the knowledge of the Borrower, the Borrower and its Subsidiaries (i) have obtained all material Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all material terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental Laws; (iii) have not received notice of any material violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent material Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or previously owned or operated Property Properties of the Borrower Loan Parties or of any of its their present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System listCERCLIS, or their state or local analogs, nor has the Borrower or have any of its Subsidiaries been otherwise investigatednotified of the designation, designated, listed, listing or identified identification of any Property of such Loan Party or any of its present or former Subsidiaries as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which (except as such activities may be required by permit conditions), where any of the foregoing could reasonably be expected to cause have a Material Adverse ChangeEffect; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower Loan Parties or any of its their present or former Subsidiaries, wherever located; or (iii) has been the site of any Release, use or storage Release (as defined under any Environmental Law) of Hazardous Substances or Hazardous Wastes Material from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (ivas defined under any Environmental Law) and none of the Improvements are constructed on land designated by Loan Parties or any Governmental Authority having land use jurisdiction as wetlandsof their present or former Subsidiaries has generated or transported or has caused to be generated or transported Hazardous Materials to any third party site which could reasonably be expected to result in the need for Response, where any of the foregoing could reasonably be expected to have a Material Adverse Effect. (c) Without limiting the foregoing, the present and future liability, if any, of the Borrower or any of its Subsidiaries, which could reasonably be expected to arise in connection with requirements under Environmental Laws could not reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Diamondback Energy Services, Inc.), Credit Agreement (Diamondback Energy Services, Inc.)

Environmental Condition. (a) Except as disclosed in writing Schedule 4.14 (or with respect to the giving of this representation after the date of this Agreement, as otherwise disclosed to the Administrative AgentAgent in writing after the date of this Agreement and prior to the date such representation is deemed given), to the knowledge of the Borrower, the Borrower Borrower, the Parent and its their respective Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative AgentSchedule 4.14, and to the knowledge of BorrowerBorrower with respect to any Property other than an Owned Hospitality Property, none of the present no Property which is presently owned or leased or was previously owned or operated Property of leased by the Borrower Borrower, the Parent or of any of its their respective present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a Fund or other potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower Borrower, the Parent or any of its their respective Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlands. (c) Except as disclosed on Schedule 4.14, there are no Hazardous Materials located on any property owned or, to the knowledge of the Borrower, operated by the Borrower or Parent other than Permitted Hazardous Materials or Hazardous Materials, the presence of which would not reasonably be expected to result in the Borrower or Parent incurring material liabilities under Environmental Laws.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Interstate Hotels & Resorts Inc), Senior Secured Credit Agreement (Interstate Hotels & Resorts Inc)

Environmental Condition. (a) Except as disclosed in writing to the Administrative AgentAgent or in the Existing Loan Agreement, or, with respect to any Property, would not reasonably be expected to have a Property Material Adverse Effect, to the knowledge of the Borrower, the Borrower and its Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative AgentAgent or in the Existing Loan Agreement, or, with respect to any Property, would not reasonably be expected to have a Property Material Adverse Effect, to the knowledge of Borrower, none of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could would reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlands.

Appears in 2 contracts

Samples: Senior Unsecured Term Loan Agreement (Seritage Growth Properties), Senior Unsecured Term Loan Agreement (Seritage Growth Properties)

Environmental Condition. (a) Except as disclosed in writing to The Borrowers and the Administrative Agent, to the knowledge of the Borrower, the Borrower and its Restricted Subsidiaries (i) have obtained all material Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are not in breach of any material compliance with all terms and conditions of such Environmental Permits and with all or any other material requirements of applicable Environmental Laws; (iii) have not received written notice of any material violation or alleged violation of any Environmental Law or Environmental PermitPermit which would affect the ability of such Borrower or such Restricted Subsidiary to operate any Vessel; and (iv) are not subject to any material actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative AgentThere are no facts, to the knowledge of Borrowercircumstances, none of the present conditions or previously occurrences on any Vessel owned or operated Property of the by any Borrower or of any of its present or former Subsidiaries, wherever located, Restricted Subsidiary that is reasonably likely (i) has been placed on to form the basis of an Environmental Claim against the Loan Parties, any of the Restricted Subsidiaries or proposed any Vessel owned by any Borrower or any Restricted Subsidiary, or (ii) to cause such Vessel to be placed subject to any restrictions on the National Priorities Listits ownership, the Comprehensive Environmental Response Compensation Liability Information System listregistration, use or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity transferability under any Environmental Laws which Law, in each case that, individually or in the aggregate, could reasonably be expected to cause have a Material Adverse Change; Effect. (iic) is subject None of the Borrowers or any of the Restricted Subsidiaries has at any time (i) generated, used, treated or stored Hazardous Materials on, or transported Hazardous Materials to a Lienor from, arising under or in connection with any Environmental Laws, that attaches to Vessel at any revenues or to any Property time owned or operated by the any Borrower or any of its SubsidiariesRestricted Subsidiary, wherever located; except in material compliance with any applicable Environmental Law, or (iiiii) has been the site of released Hazardous Materials on or from any Releasesuch Vessel where such occurrence or event, use either individually or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not caused at the site or at any third‑party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlandsaggregate, is reasonably likely to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Vantage Drilling CO), Credit Agreement (Vantage Drilling CO)

Environmental Condition. (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the Borrower The Company and its Subsidiaries Subsidiaries, taken as a whole, (i) have obtained all Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental LawsLaws of which the failure to comply could reasonably be expected to cause a Material Adverse Change; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit, which violation could reasonably be expected to cause a Material Adverse Change; and (iv) are not subject to any actual or contingent material Environmental Claim, which Environmental Claim could reasonably be expected to cause a Material Adverse Change. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or previously owned or operated Property of the Borrower Company or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, listed or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, reclamation or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; , (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower Company or any of its Subsidiaries, wherever located; , which Lien could reasonably be expected to cause a Material Adverse Change, or (iii) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for a Response or that could cause a Material Adverse Change. (ivc) none Without limiting the foregoing, as of the Improvements are constructed on land designated by Effective Date, the present and, to the best knowledge of any Governmental Authority having land use jurisdiction Responsible Officer of the Company, future liability, if any, of the Company and its Subsidiaries, taken as wetlandsa whole, which could reasonably be expected to arise in connection with requirements under Environmental Laws will not result in a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Arkansas Best Corp /De/)

Environmental Condition. (a) Except as disclosed in writing to Borrower will not generate, use, treat, store, release or dispose, or permit the Administrative Agentgeneration, to use, treatment, storage, release, or disposal of Hazardous Materials on the knowledge Real Property, except for such Hazardous Materials generated, used, treated, stored, released or disposed of the Borrower, the Borrower and its Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms applicable Acts and conditions required in connection with the normal operation, use and maintenance of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed Real Property in writing to the Administrative Agent, to the knowledge of Borrower, none conduct of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiariesbusiness undertaken on such Real Property, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System listunless such noncompliance either individually, or their state or local analogsin the aggregate, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; . (b) Borrower will and will use its commercially reasonable efforts to cause all operators, occupants and other third parties to comply with all applicable Acts, except where noncompliance would not reasonably be expected to cause a Material Adverse Change. (c) At any time following an Event of Default, or if the Lender Group reasonably believes that a material environmental problem exists with respect to one or more parcels of the Real Property, and upon the reasonable request of Agent: (i) Borrower shall conduct and complete all investigations, studies, samplings, and testings in scope reasonably necessary to address the perceived environmental problem relative to Hazardous Materials at or affecting the Real Property; (ii) is subject Borrower shall provide Agent at Borrower's sole cost and expense and without any liability to the Lender Group, with an environmental site assessment or an environmental audit report, or an update of such assessment or report, by an environmental engineering firm acceptable to Agent, which acceptance shall not be unreasonably withheld, all in scope, form, and content reasonably satisfactory to Agent, to assess with a Lien, arising under reasonable degree of certainty the presence or absence of Hazardous Materials and the potential cost in connection with the Remediation of any Environmental Laws, that attaches Hazardous Materials at or related to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever locatedReal Property; and (iii) has been at Borrower's sole cost and expense, Borrower shall promptly take all actions required by Schedule 1, Pg. 62 69 applicable Acts to Remediate the site Real Property prior to the undertaking of any Release, use enforcement action by the applicable Governmental Authority. All such work shall be performed by one or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substancesmore contractors selected by Borrower and approved in advance by Agent, which Permitted Hazardous Substances approval shall not be unreasonably withheld. Borrower shall proceed continuously and diligently with such investigatory and remedial actions, provided that in all cases, such actions shall be conducted in material compliance with all applicable requirements of all Acts. Any such actions shall be performed in a good, safe, and workmanlike manner and shall minimize any material adverse impact to the Real Property or operations conducted thereon. Borrower shall pay all costs in connection with such investigatory and remedial activities, including but not limited to, all power and utility costs, any and all taxes or fees that may be applicable to such activities. Borrower shall provide Agent with copies of all material reports generated in compliance with the above activities; provided Borrower shall have not caused at no such obligation unless the site problem giving rise to the investigation or at any third‑party site any condition that has resulted in or Remediation could reasonably be expected to result materially or adversely affect the Real Property. This notwithstanding, upon reasonable request, Borrower will provide Agent with copies of any and all such reports. Within ten days of demand therefor, Borrower shall provide Agent with a bond, letter of credit, or similar financial insurance evidencing that the necessary funds are available for the obligations established by this subparagraph; provided, however, that Agent may only make such a request if (a) Borrower has not previously posted a bond, letter of credit, or similar financial insurance with a Governmental Authority and (b) Borrower does not have Availability under this Agreement to complete such work. (d) The obligations of Borrower and the rights of the Lender Group with respect to Hazardous Materials are in addition to and not in substitution of the obligations of Borrower and the rights of the Lender Group under all applicable, federal, state, and local laws, regulations, and ordinances relating to health and safety, and protection of the environment. The obligations of Borrower and the rights of the Lender Group, notwithstanding anything contained herein or in any other document or agreement which may be construed to the contrary, (i) shall not be subject to any antideficiency laws or protections, if any, (ii) shall survive (y) a non-judicial sale, judicial sale or deed or other transaction in lieu of such sale hereunder, and (z) the repayment of the Obligations. In the event Borrower does not timely perform any of its obligations with respect to Hazardous Materials, Agent may perform such obligations, but is not obligated to, at the expense of Borrower and such expense shall be added to the obligations and shall not cure Borrower's breach under this Agreement; provided, however, that the Agent may not exercise its rights to perform such obligations without providing Borrower with written notice of any material failure on Borrower's part to undertake work required by this Section and, after 30 days, Borrower fails to undertake steps to address such obligations. (e) The Borrower agrees to promptly notify Agent of any notice or complaint regarding any material noncompliance with any Act governing the use, storage, treatment, transportation, manufacturing, refinement, handling, production, or disposal of Hazardous Materials with respect to any of the Core Real Property Collateral; or any notices or complaints with respect to the other Real Property if such notices or complaints either individually or in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlands.aggregate reflect noncompliance that could reasonably be expected to cause a Material Adverse Change. Schedule 1, Pg. 63 70

Appears in 1 contract

Samples: Loan and Security Agreement (Vermont Transit Co Inc)

Environmental Condition. (a) Except as disclosed in writing the Environmental Reports (or with respect to the giving of this representation after the date of this Agreement, as otherwise disclosed to the Administrative AgentAgent in writing after the date of this Agreement and prior to the date such representation is deemed given), to the knowledge of the Borrower, the Borrower and its Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received written notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. To the knowledge of the Borrower (or with respect to the giving of this representation after the date of this Agreement, as otherwise disclosed to the Administrative Agent in writing after the date of this Agreement and prior to the date such representation is deemed given), the Borrower and its Subsidiaries are not subject to any actual or contingent Environmental Claim which the Borrower believes in good faith will involve cost or expense to the Borrower or its Subsidiaries in excess of $1,000,000 for any single Environmental Claim, or in excess of $10,000,000 for all such Environmental Claims in the aggregate. (b) Except as disclosed set forth in writing to the Administrative AgentEnvironmental Reports or the surveys for the Hotel Properties, to the knowledge of Borrower, none of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local -91- analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlands.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Meristar Hospitality Corp)

Environmental Condition. Except as set forth on Schedule 4.13 and except with respect to any other matters that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect: (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the Borrower The Parent and its Subsidiaries (i) have obtained all Environmental Permits material necessary for the ownership and operation of their respective Properties properties and the conduct of their respective businessesbusinesses as currently conducted; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received written notice alleging that the Parent or any of any violation or alleged its Subsidiaries is in violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or or, to their knowledge, contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or, during the period of ownership and operation by the Parent or its Subsidiaries, previously owned or operated Property properties of the Borrower Parent or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or or, to their knowledge, proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System listCERCLIS, or their state or local analogs, nor has the Parent or have any of its Subsidiaries been otherwise investigatednotified in writing of the designation, designated, listed, listing or identified identification of any property of the Parent or any of its Subsidiaries as a potential site for requiring removal, remediation, cleanup, closure, restoration, reclamation, or other response activity (“Response”) under any Environmental Laws which could reasonably (except as such activities may be expected to cause a Material Adverse Changerequired by permit conditions); (ii) is subject to a LienLien (other than Permitted Liens), arising under or in connection with pursuant to any Environmental Laws, that attaches to any revenues of the Parent or its Subsidiaries or to any Property property currently owned or operated by the Borrower Parent or any of its Subsidiaries, wherever located; or (iii) has been the site of any Release, use or storage Release (as defined under any Environmental Law) of Hazardous Substances or Hazardous Wastes Material from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need a requirement pursuant to applicable Environmental Law for Response by the Parent or (iv) any of its Subsidiaries and none of the Improvements are constructed on land designated Parent or any of its Subsidiaries has generated or transported or has caused to be generated or transported Hazardous Material to any third party site which could reasonably be expected to result in a requirement pursuant to applicable Environmental Law for Response by the Parent or any Governmental Authority having land use jurisdiction as wetlandsof its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Willbros Group, Inc.\NEW\)

Environmental Condition. (a) Except as disclosed in writing set forth on Schedule 4.16 to the Administrative AgentDisclosure Letter or, with respect to any Property, would not reasonably be expected to have a Property Material Adverse Effect, to the knowledge of the Borrower, the Borrower and its Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative AgentAgent or, with respect to any Property, would not reasonably be expected to have a Property Material Adverse Effect, to the knowledge of Borrower, none of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could would reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlands.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (Seritage Growth Properties)

Environmental Condition. (a) Except as disclosed in writing to the Administrative AgentEnvironmental Reports, to the knowledge of the Borrower, the Borrower and its Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed set forth in writing to the Administrative AgentEnvironmental Reports, to the knowledge of Borrower, none of the present or previously owned or operated Property Properties of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlands.

Appears in 1 contract

Samples: Senior Credit Agreement (Eagle Hospitality Properties Trust, Inc.)

Environmental Condition. Except for matters which could not reasonably be expected to have a Material Adverse Effect: (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the The Borrower and its Subsidiaries Subsidiaries, taken as a whole, (i) have obtained all Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent material Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse ChangeLaws; (ii) is subject to a Lien, Lien (other than Permitted Liens) arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located; or (iii) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted condition. (c) Without limiting the foregoing, the liability, if any, of the Borrower and its Subsidiaries, taken as a whole, which could reasonably be expected to arise in or connection with requirements under Environmental Laws could not reasonably be expected to result in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlandsa Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (National Oilwell Varco Inc)

Environmental Condition. (a) Except The Credit Parties, taken as disclosed in writing to the Administrative Agenta whole, to the knowledge of the Borrower, the Borrower and its Subsidiaries (i) have obtained all Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental LawsLaws of which the failure to comply would reasonably be expected to cause a Material Adverse Change; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental PermitPermit the violation of which would reasonably be expected to cause a Material Adverse Change; and (iv) are not subject to any actual or contingent Environmental ClaimClaim known to any Credit Party, which Environmental Claim would reasonably be expected to cause a Material Adverse Change. (b) Except as disclosed in writing to the Administrative Agent, to To the knowledge of any Responsible Officer of the Borrower, none of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or or, to any Credit Party's knowledge, proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, designated or identified listed as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse ChangeLaws; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located, which Lien would reasonably be expected to cause a Material Adverse Change; or (iii) to any Credit Party's knowledge, has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could would reasonably be expected to result in the need for Response or that would cause a Material Adverse Change. (ivc) none Without limiting the foregoing, the present and, to the best knowledge of any Responsible Officer of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction Borrower, future liability, if any, of the Credit Parties, taken as wetlandsa whole, which would reasonably be expected to arise in connection with requirements under Environmental Laws will not result in a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Advance Paradigm Inc)

Environmental Condition. Except for matters which could not reasonably be expected to have a Material Adverse Effect: (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the The Borrower and its Subsidiaries Subsidiaries, taken as a whole, (i) have obtained all Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent material Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse ChangeLaws; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located; or (iii) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected condition. (c) Without limiting the foregoing, the present and, to result in the need for Response or (iv) none best knowledge of any Responsible Officer of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction Borrower, future liability, if any, of the Borrower and its Subsidiaries, taken as wetlandsa whole.

Appears in 1 contract

Samples: Credit Agreement (Varco International Inc /De/)

Environmental Condition. (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the Borrower The Parent and its Subsidiaries (i) have obtained all material Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all material terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental Laws; (iii) have not received notice of any material violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any material actual or or, to their knowledge, contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or previously owned or operated Property Properties of the Borrower Parent or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System listCERCLIS, or their state or local analogs, nor has the Parent or have any of its Subsidiaries been otherwise investigatednotified of the designation, designated, listed, listing or identified identification of any Property of the Parent or any of its present or former Subsidiaries as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity (“Response”) under any Environmental Laws which could reasonably (except as such activities may be expected to cause a Material Adverse Changerequired by permit conditions); (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower Parent or any of its present or former Subsidiaries, wherever located; or (iii) has been the site of any Release, use or storage Release (as defined under any Environmental Law) of Hazardous Substances or Hazardous Wastes Material from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response (as defined under any Environmental Law) and that could, individually or (iv) in the aggregate, reasonably be expected to result in liabilities in the aggregate in excess of $3,000,000 and none of the Improvements are constructed on land designated by Parent or any Governmental Authority having land use jurisdiction as wetlandsof its present or former Subsidiaries has generated or transported or has caused to be generated or transported Hazardous Material to any third party site which could reasonably be expected to result in the need for Response that could, individually or in the aggregate, reasonably be expected to result in liabilities in the aggregate in excess of $3,000,000.

Appears in 1 contract

Samples: Credit Agreement (Willbros Group Inc)

Environmental Condition. (a) Except as disclosed in writing to the Administrative Agent, to the knowledge Each of the Borrower, the Borrower Parent and its Subsidiaries (i) have obtained all material Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all material terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental Laws; (iii) have not received notice of any material violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any material actual or or, to their knowledge, contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or previously owned or operated Property Properties of the Borrower Parent or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System listCERCLIS, or their state or local analogs, nor has the Parent or have any of its Subsidiaries been otherwise investigatednotified of the designation, designated, listed, listing or identified identification of any Property of the Parent or any of its present or former Subsidiaries as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity (“Response”) under any Environmental Laws which could reasonably (except as such activities may be expected to cause a Material Adverse Changerequired by permit conditions); (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower Parent or any of its present or former Subsidiaries, wherever located; or (iii) has been the site of any Release, use or storage Release (as defined under any Environmental Law) of Hazardous Substances or Hazardous Wastes Material from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response (as defined under any Environmental Law) and that could, individually or (iv) in the aggregate, reasonably be expected to result in liabilities in the aggregate in excess of $3,000,000 and none of the Improvements are constructed on land designated by Parent or any Governmental Authority having land use jurisdiction as wetlandsof its present or former Subsidiaries has generated or transported or has caused to be generated or transported Hazardous Material to any third party site which could reasonably be expected to result in the need for Response that could, individually or in the aggregate, reasonably be expected to result in liabilities in the aggregate in excess of $3,000,000.

Appears in 1 contract

Samples: Credit Agreement (Willbros Group Inc)

Environmental Condition. (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the Borrower and its Subsidiaries (i) have The Lessee (A) has obtained all Environmental Permits material necessary for the ownership and operation of their respective Properties its material properties and the conduct of their respective businessesits business of which the failure to obtain would reasonably be expected to have a Material Adverse Effect; (iiB) have has been and are is in material compliance with all terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental LawsLaws of which the failure to comply would reasonably be expected to have a Material Adverse Effect; (iiiC) have has not received notice of any violation or alleged violation of any Environmental Law or Environmental PermitPermit the violation of which would reasonably be expected to have a Material Adverse Effect; and (ivD) are is not subject to any actual or contingent Environmental Claim, which Environmental Claim would reasonably be expected to have a Material Adverse Effect. (bii) Except as disclosed in writing to the Administrative Agent, to To the knowledge of Borrowerany Responsible Officer of the Lessee, none of the present or previously owned or operated Property property of the Borrower or of any of its present or former SubsidiariesLessee, wherever located, (iA) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse ChangeLaws; (iiB) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property property owned or operated by the Borrower or any of its SubsidiariesLessee, wherever located, which Lien would reasonably be expected to have a Material Adverse Effect; or (iiiC) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could would reasonably be expected to result in the need for Response or that would have a Material Adverse Effect. (iviii) none Without limiting the foregoing, the present and, to the best knowledge of any Responsible Officer of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlandsLessee, future liability, if any, of the Lessee, which would reasonably be expected to arise in connection with requirements under Environmental Laws will not have a Material Adverse Effect.

Appears in 1 contract

Samples: Lease Agreement (Living Centers of America Inc)

Environmental Condition. Except as set forth on Schedule 4.13 and except with respect to any other matters that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect: (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the Borrower The Parent and its Subsidiaries (i) have obtained all Environmental Permits material necessary for the ownership and operation of their respective Properties properties and the conduct of their respective businessesbusinesses as currently conducted; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received written notice alleging the Parent or any of any violation or alleged its Subsidiaries are in violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or or, to their knowledge, contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or, during the period of ownership and operation by the Parent or its Subsidiaries, previously owned or operated Property properties of the Borrower Parent or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or or, to their knowledge, proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System listCERCLIS, or their state or local analogs, nor has the Parent or have any of its Subsidiaries been otherwise investigatednotified in writing of the designation, designated, listed, listing or identified identification of any property of the Parent or any of its Subsidiaries as a potential site for requiring removal, remediation, cleanup, closure, restoration, reclamation, or other response activity (“Response”) under any Environmental Laws which could reasonably (except as such activities may be expected to cause a Material Adverse Changerequired by permit conditions); (ii) is subject to a Lien, arising under or in connection with pursuant to any Environmental Laws, that attaches to any revenues of the Parent or its Subsidiaries or to any Property property currently owned or operated by the Borrower Parent or any of its Subsidiaries, wherever located; or (iii) has been the site of any Release, use or storage Release (as defined under any Environmental Law) of Hazardous Substances or Hazardous Wastes Material from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need a requirement pursuant to applicable Environmental Law for Response by the Parent or (iv) any of its Subsidiaries and that could, individually or in the aggregate, reasonably be expected to result in liabilities in the aggregate in excess of $3,000,000 and none of the Improvements are constructed on land designated Parent or any of its Subsidiaries has generated or transported or has caused to be generated or transported Hazardous Material to any third party site which could reasonably be expected to result in a requirement pursuant to applicable Environmental Law for Response by the Parent or any Governmental Authority having land use jurisdiction as wetlandsof its Subsidiaries that could, individually or in the aggregate, reasonably be expected to result in liabilities in the aggregate in excess of $3,000,000.

Appears in 1 contract

Samples: Credit Agreement (Willbros Group, Inc.\NEW\)

Environmental Condition. (a) Except as disclosed specifically authorized by, or in writing compliance in all material respects with, law or pursuant to the Administrative Agent, to the knowledge valid and effective permits or other appropriate forms of the Borrower, the Borrower and its Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrowergovernmental approval, none of the present or previously previously-owned real property, or other Assets of Borrower or any of its Subsidiaries, has, to the best of Borrower's knowledge, ever been used by previous owners or operators in the disposal of or to generate, manufacture, produce, store, handle, treat, transfer, release, process, or transport any Hazardous Waste or Hazardous Substance, and Borrower and its Subsidiaries do not now and have not in the past used such real property, or other Assets of Borrower or any of its Subsidiaries, for the purpose of disposal of, generating, manufacturing, producing, storing, handling, treating, transferring, releasing, processing, or transporting any Hazardous Waste or Hazardous Substance, except as permitted by law and subject to the proviso to Section 5.9(a). (i) To the best of Borrower's knowledge and belief after due inquiry, none of the present real property, or other Assets owned or operated Property of the by Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities Listdesignated, the Comprehensive Environmental Response Compensation Liability Information System listlisted, or their state identified in any manner by the EPA or any other federal, state, or local analogsgovernmental agency charged with administering and enforcing an Environmental Protection Statute, pursuant to RCRA or CERCLA or any other Environmental Protection Statute, as a candidate for a Hazardous Waste or Hazardous Substance corrective action or Remedial Action. (ii) To the best of Borrower's knowledge and belief, based upon its reasonably available records, it has received no notice that any of the previously owned real property or other Assets of Borrower or any of its Subsidiaries has been so designated, listed, or have identified. (c) Neither Borrower nor any of its Subsidiaries has received notice that it has been otherwise investigatedidentified as a potentially responsible party, responsible party, or liable party at any site designated, listed, or identified as a potential site candidate for removal, remediation, cleanup, closure, restoration, reclamation, a Hazardous Substance investigation or other response activity Remedial Action under CERCLA or any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; Protection Statute. (iid) is subject to a Lien, Neither Borrower nor any of its Subsidiaries has received notice of any Lien arising under or in connection with any Environmental Laws, Fund that attaches attached to any revenues or to any Property real or personal property owned or operated by the Borrower or any of its Subsidiaries. (e) Neither Borrower nor any of its Subsidiaries have received, wherever located; during the prior three (iii3) has been years, any summons, citation, notice, directive, letter, or other communication, in writing, from the site EPA or any other federal, state, or local governmental agency or instrumentality, authorized pursuant to an Environmental Protection Statute, or from any other Person concerning any intentional or unintentional action or omission by Borrower or any of any Releaseits Subsidiaries resulting in the releasing, use spilling, l e aking, pumping, pouring, emitting, emptying, dumping, or storage otherwise disposing of Hazardous Substances Waste or Hazardous Wastes from present Substance or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not caused at any other pollutant into the site or at any third‑party site any condition Environment resulting in Damages thereto and that has resulted in or reasonably could reasonably be expected to have a Material Adverse Effect. (f) Subject to the proviso to Section 5.9(a), all activities and operations conducted by Borrower and its Subsidiaries are in compliance in all material respects with all Environmental Protection Statutes. To the best of Borrower's knowledge, neither Borrower nor any of its Subsidiaries has in the past conducted any operations or activities that were not in compliance with all Environmental Protection Statutes and that are reasonably likely to result in present or future liabilities to Borrower or its Subsidiaries under any Environmental Protection Statutes that reasonably could be expected to have a Material Adverse Effect. (g) None of the need for Response real property or (iv) other Assets owned by Borrower or its Subsidiaries is affected by any soil or groundwater c o n t a m ination, attributable to any Hazardous Substance, that the investigation and clean up of which reasonably could be expected to have a Material Adverse Effect. To the best of Borrower's knowledge, none of the Improvements are constructed on land designated real property previously owned by Borrower or its Subsidiaries is affected by any Governmental Authority having land use jurisdiction as wetlandssoil or groundwater contamination, attributable to any Hazardous Substance, that the investigation and clean up of which reasonably could be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Southdown Inc)

Environmental Condition. (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the The Borrower and its Subsidiaries Subsidiaries, taken as a whole, (i) have obtained all Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businessesbusinesses of which the failure to obtain would reasonably be expected to have a Material Adverse Effect; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental LawsLaws of which the failure to comply would reasonably be expected to have a Material Adverse Effect; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental PermitPermit the violation of which would reasonably be expected to have a Material Adverse Effect; and (iv) are not subject to any actual or contingent Environmental Claim, which Environmental Claim would reasonably be expected to have a Material Adverse Effect. (b) Except as disclosed in writing to the Administrative Agent, to To the knowledge of any Responsible Officer of the Borrower, none of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse ChangeLaws; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located, which Lien would reasonably be expected to have a Material Adverse Effect; or (iii) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could would reasonably be expected to result in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlandsthat would have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Living Centers of America Inc)

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Environmental Condition. Except as disclosed on the attached Schedule 4.16: (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the Borrower The Company and its Subsidiaries (i) have obtained all material Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all material terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental Laws; (iii) have not received notice of any material violation or alleged violation of any Environmental Law or Environmental PermitPermit by the Company or any of its Subsidiaries; and (iv) are not subject to any material actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none (i) None of the present or previously owned or operated Property Properties of the Borrower Company or of any of its present or former Subsidiaries, wherever located, (iA) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, the RCRA Corrective Action List, or their state or local analogs, or have nor has the Company been otherwise investigatednotified of the designation, designated, listed, listing or identified identification of any Property of the Company or any of its present or former Subsidiaries as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, corrective action, or other response activity under any Environmental Laws which could reasonably (except as such activities may be expected to cause a Material Adverse Changerequired by permit conditions); (iiB) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower Company or any of its present or former Subsidiaries, wherever located; or (iiiC) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party site any condition that has resulted in or could would reasonably be expected to result in the need for Response or that would cause a Material Adverse Change and (ivii) none of the Improvements are constructed on land designated by Company or any Governmental Authority having land use jurisdiction as wetlandsof their present or former Subsidiaries has generated or transported or has caused to be generated or transported Hazardous Substances to any third party site which would reasonably be expected to result in the need for Response that would cause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Global Industries LTD)

Environmental Condition. Except as disclosed on the attached Schedule 4.16: (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the Borrower The Parent Company and its Subsidiaries (i) have obtained all material Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all material terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental Laws; (iii) have not received notice of any material violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any material actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or previously owned or operated Property Properties of the Borrower Parent Company or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, CERCLIS, or, to the Comprehensive Environmental Response Compensation Liability Information System listknowledge of any Responsible Officer, or their state or local analogs, nor has the Parent Company or have any of its Subsidiaries been otherwise investigatednotified of the designation, designated, listed, listing or identified identification of any Property of the Parent Company or any of its present or former Subsidiaries as a potential site for material removal, remediation, cleanup, closure, restoration, reclamation, or other material response activity under any Environmental Laws which could reasonably (except as such activities may be expected to cause a Material Adverse Changerequired by permit conditions); (ii) is subject to a material Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower Parent Company or any of its present or former Subsidiaries, wherever located; or (iii) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) that could cause a Material Adverse Change and none of the Improvements are constructed on land designated by Parent Company or any Governmental Authority having land use jurisdiction as wetlandsof its present or former Subsidiaries has generated or transported or has caused to be generated or transported Hazardous Substances to any third party site which could reasonably be expected to result in the need for Response that could cause a Material Adverse Change. (c) Without limiting the foregoing, the present and future liability, if any, of the Parent Company or any of its Subsidiaries, which could reasonably be expected to arise in connection with requirements under Environmental Laws could not reasonably be expected to cause a Material Adverse Change.

Appears in 1 contract

Samples: Term Loan Agreement (Pride International Inc)

Environmental Condition. Except for matters which could not ----------------------- reasonably be expected to have a Material Adverse Effect: (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the The Borrower and its Subsidiaries Subsidiaries, taken as a whole, (i) have obtained all Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent material Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse ChangeLaws; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located; or (iii) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected condition. (c) Without limiting the foregoing, the present and, to result in the need for Response or (iv) none best knowledge of any Responsible Officer of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction Borrower, future liability, if any, of the Borrower and its Subsidiaries, taken as wetlandsa whole.

Appears in 1 contract

Samples: Credit Agreement (Varco International Inc /De/)

Environmental Condition. Except as disclosed on the attached Schedule 22.16: (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the Borrower The Parent Company and its Subsidiaries (i) have obtained all material Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all material terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental Laws; (iii) have not received notice of any material violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any material actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or previously owned or operated Property Properties of the Borrower Parent Company or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, CERCLIS, or, to the Comprehensive Environmental Response Compensation Liability Information System listknowledge of any Responsible Officer, or their state or local analogs, nor has the Parent Company or have any of its Subsidiaries been otherwise investigatednotified of the designation, designated, listed, listing or identified identification of any Property of the Parent Company or any of its present or former Subsidiaries as a potential site for material removal, remediation, cleanup, closure, restoration, reclamation, or other material response activity under any Environmental Laws which could reasonably (except as such activities may be expected to cause a Material Adverse Changerequired by permit conditions); (ii) is subject to a material Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower Parent Company or any of its present or former Subsidiaries, wherever located; or (iii) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) that could cause a Material Adverse Change and none of the Improvements are constructed on land designated by Parent Company or any Governmental Authority having land use jurisdiction as wetlandsof its present or former Subsidiaries has generated or transported or has caused to be generated or transported Hazardous Substances to any third party site which could reasonably be expected to result in the need for Response that could cause a Material Adverse Change. (c) Without limiting the foregoing, the present and future liability, if any, of the Parent Company or any of its Subsidiaries, which could reasonably be expected to arise in connection with requirements under Environmental Laws could not reasonably be expected to cause a Material Adverse Change.

Appears in 1 contract

Samples: Revolving Credit Agreement (Pride International Inc)

Environmental Condition. (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the The Borrower and its the Restricted Subsidiaries (i) have obtained all material Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are not in breach of any material compliance with all terms and conditions of such Environmental Permits and with all or any other material requirements of applicable Environmental Laws; (iii) have not received written notice of any material violation or alleged violation of any Environmental Law or Environmental PermitPermit which would affect the ability of the Borrower or such Restricted Subsidiary to operate any Vessel; and (iv) are not subject to any material actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative AgentThere are no facts, to the knowledge of Borrowercircumstances, none of the present conditions or previously owned or operated Property of the Borrower or of occurrences on any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property Vessel owned or operated by the Borrower or any Restricted Subsidiary that is reasonably likely (i) to form the basis of an Environmental Claim against the Borrower, any of the Restricted Subsidiaries or any Vessel owned by the Borrower or any Restricted Subsidiary, or (ii) to cause such Vessel to be subject to any restrictions on its Subsidiariesownership, wherever located; (iii) has been the site of any Releaseregistration, use or storage of Hazardous Substances transferability under any Environmental Law, in each case that, individually or Hazardous Wastes from present or past operations except for Permitted Hazardous Substancesin the aggregate, which Permitted Hazardous Substances have not caused at the site or at any third‑party site any condition that has resulted in or could reasonably be expected to result have a Material Adverse Effect. (c) Neither the Borrower nor any of the Restricted Subsidiaries has at any time (i) generated, used, treated or stored Hazardous Materials on, or transported Hazardous Materials to or from, any Vessel at any time owned or operated by the Borrower or any Restricted Subsidiary, except in material compliance with any applicable Environmental Law, or (ii) released Hazardous Materials on or from any such Vessel where such occurrence or event, either individually or in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlandsaggregate, is reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Vantage Drilling International)

Environmental Condition. (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the The Borrower and its Subsidiaries Subsidiaries, taken as a whole, (i) have obtained all Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental LawsLaws of which the failure to comply could reasonably be expected to cause a Material Adverse Change; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit, which violation could reasonably be expected to cause a Material Adverse Change; and (iv) are not subject to any actual or contingent material Environmental Claim, which Environmental Claim could reasonably be expected to cause a Material Adverse Change. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located, which Lien could reasonably be expected to cause a Material Adverse Change; or (iii) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or that could cause a Material Adverse Change. (ivc) none Without limiting the foregoing, the present and, to the best knowledge of any Responsible Officer of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction Borrower, future liability, if any, of the Borrower and its Subsidiaries, taken as wetlandsa whole, which could reasonably be expected to arise in connection with requirements under Environmental Laws will not result in a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Arkansas Best Corp /De/)

Environmental Condition. (a) Except as disclosed in writing to Borrower will not generate, use, treat, store, release or dispose, or permit the Administrative Agentgeneration, to use, treatment, storage, release, or disposal of Hazardous Materials on the knowledge Real Property, except for such Hazardous Materials generated, used, treated, stored, released or disposed of the Borrower, the Borrower and its Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms applicable Acts and conditions required in connection with the normal operation, use and maintenance of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed Real Property in writing to the Administrative Agent, to the knowledge of Borrower, none conduct of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiariesbusiness undertaken on such Real Property, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System listunless such noncompliance either individually, or their state or local analogsin the aggregate, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; . (b) Borrower will and will use its commercially reasonable efforts to cause all operators, occupants and other third parties to comply with all applicable Acts, except where noncompliance would not reasonably be expected to cause a Material Adverse Change. (c) At any time following an Event of Default, or if the Lender Group reasonably believes that a material environmental problem exists with respect to one or more parcels of the Real Property, and upon the reasonable request of Agent: (i) Borrower shall conduct and complete all investigations, studies, samplings, and testings in scope reasonably necessary to address the perceived environmental problem relative to Hazardous Materials at or affecting the Real Property; (ii) is subject Borrower shall provide Agent at Borrower's sole cost and expense and without any liability to the Lender Group, with an environmental site assessment or an environmental audit report, or an update of such assessment or report, by an environmental engineering firm acceptable to Agent, which acceptance shall not be unreasonably withheld, all in scope, form, and content reasonably satisfactory to Agent, to assess with a Lien, arising under reasonable degree of certainty the presence or absence of Hazardous Materials and the potential cost in connection with the Remediation of any Environmental Laws, that attaches Hazardous Materials at or related to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever locatedReal Property; and (iii) has been at Borrower's sole cost and expense, Borrower shall promptly take all actions required by applicable Acts to Remediate the site Real Property prior to the undertaking of any Release, use enforcement action by the applicable Governmental Authority. All such work shall be performed by one or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substancesmore contractors selected by Borrower and approved in advance by Agent, which Permitted Hazardous Substances approval shall not be unreasonably withheld. Borrower shall proceed continuously and diligently with such investigatory and remedial actions, provided that in all cases, such actions shall be conducted in material compliance with all applicable requirements of all Acts. Any such actions shall be performed in a good, safe, and workmanlike manner and shall minimize any material adverse impact to the Real Property or operations conducted thereon. Borrower shall pay all costs in connection with such investigatory and remedial activities, including but not limited to, all power and utility costs, any and all taxes or fees that may be applicable to such activities. Borrower shall provide Agent with copies of all material reports generated in compliance with the above activities; provided Borrower shall have not caused at no such obligation unless the site problem giving rise to the investigation or at any third‑party site any condition that has resulted in or Remediation could reasonably be expected to result materially or adversely affect the Real Property. This notwithstanding, upon reasonable request, Borrower will provide Agent with copies of any and all such reports. Within ten days of demand therefor, Borrower shall provide Agent with a bond, letter of credit, or similar financial insurance evidencing that the necessary funds are available for the obligations established by this subparagraph; provided, however, that Agent may only make such a request if (a) Borrower has not previously posted a bond, letter of credit, or similar financial insurance with a Governmental Authority and (b) Borrower does not have Availability under this Agreement to complete such work. (d) The obligations of Borrower and the rights of the Lender Group with respect to Hazardous Materials are in addition to and not in substitution of the obligations of Borrower and the rights of the Lender Group under all applicable, federal, state, and local laws, regulations, and ordinances relating to health and safety, and protection of the environment. The obligations of Borrower and the rights of the Lender Group, notwithstanding anything contained herein or in any other document or agreement which may be construed to the contrary, (i) shall not be subject to any antideficiency laws or protections, if any, (ii) shall survive (y) a non-judicial sale, judicial sale or deed or other transaction in lieu of such sale hereunder, and (z) the repayment of the Obligations. In the event Borrower does not timely perform any of its obligations with respect to Hazardous Materials, Agent may perform such obligations, but is not obligated to, at the expense of Borrower and such expense shall be added to the obligations and shall not cure Borrower's breach under this Agreement; provided, however, that the Agent may not exercise its rights to perform such obligations without providing Borrower with written notice of any material failure on Borrower's part to undertake work required by this Section and, after 30 days, Borrower fails to undertake steps to address such obligations. (e) The Borrower agrees to promptly notify Agent of any notice or complaint regarding any material noncompliance with any Act governing the use, storage, treatment, transportation, manufacturing, refinement, handling, production, or disposal of Hazardous Materials with respect to any of the Core Real Property Collateral; or any notices or complaints with respect to the other Real Property if such notices or complaints either individually or in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlandsaggregate reflect noncompliance that could reasonably be expected to cause a Material Adverse Change.

Appears in 1 contract

Samples: Loan and Security Agreement (Texas New Mexico & Oklahoma Coaches Inc)

Environmental Condition. (a) Except as disclosed in writing Schedule 4.14 (or with respect to the giving of this representation after the date of this Agreement, as otherwise disclosed to the Administrative AgentAgent in writing after the date of this Agreement and prior to the date such representation is deemed given), to the knowledge of the Borrower, the Borrower Borrower, the Parent and its their respective Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative AgentSchedule 4.14, to the knowledge of Borrower, none of the present no Property which is presently or previously owned or operated Property of by the Borrower Borrower, the Parent or of any of its their respective present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a Fund or other potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower Borrower, the Parent or any of its their respective Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlands.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Interstate Hotels & Resorts Inc)

Environmental Condition. (a) Except as disclosed in writing Schedule 1 (or with respect to the Administrative Agentgiving of this representation after the date of this Agreement, as otherwise disclosed to the Agent in writing after the date of this Agreement and prior to the date such representation is deemed given), to the actual knowledge of the Borrower, the Borrower and its Subsidiaries any Authorized Officer (i) have obtained or have caused the owner of the Hospitality Property to obtain all Environmental Permits material for the ownership and operation of their respective Hospitality Properties owned, leased or managed and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative AgentSchedule 1, to the actual knowledge of Borrowerany Authorized Officer, none of the present no Hospitality Property which is presently or previously owned owned, leased or operated Property of managed by the Borrower or of any of its respective present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse ChangeEffect; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Hospitality Property owned owned, leased or operated managed by the Borrower Borrower, or any of its Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlands.

Appears in 1 contract

Samples: Senior Secured Revolving Line of Credit Agreement (Interstate Hotels Corp)

Environmental Condition. (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the The Borrower and its Subsidiaries Subsidiaries, taken as a whole, (i) have obtained all Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental LawsLaws as to which the failure to comply could reasonably be expected to have a Material Adverse Effect; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental PermitPermit the violation of which could reasonably be expected to have a Material Adverse Effect; and (iv) are not subject to any actual or contingent Environmental Claim, which Environmental Claim could reasonably be expected to have a Material Adverse Effect. (b) Except as disclosed in writing to the Administrative Agent, to To the knowledge of the Borrower, none of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or or, to the Borrower's knowledge, proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, designated or identified listed as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, reclamation or other response activity under any Environmental Laws which if the liability to the Borrower for such removal, remediation, cleanup, closure, restoration, reclamation or other response activity could reasonably be expected to cause a Material Adverse Changebe in excess of $10 million dollars; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located, which Lien could reasonably be expected to have a Material Adverse Effect; or (iii) to any Credit Party's knowledge, has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party site any condition that has resulted in or could reasonably be expected to result in the need for Response or that could reasonably be expected to have a Material Adverse Effect. (ivc) none Without limiting the foregoing, the present and, to the best knowledge of any Responsible Officer of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction Borrower, future liability, if any, of the Credit Parties, taken as wetlandsa whole, which would reasonably be expected to arise in connection with requirements under Environmental Laws will not result in a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Semco Energy Inc)

Environmental Condition. (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the The Borrower and its Subsidiaries Subsidiaries, taken as a whole, (i) have obtained all Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental LawsLaws of which the failure to comply could reasonably be expected to cause a Material Adverse Change; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit, which violation could reasonably be expected to cause a Material Adverse Change; and (iv) are not subject to any actual or contingent material Environmental Claim, which Environmental Claim could reasonably be expected to cause a Material Adverse Change. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located, which Lien could reasonably be expected to cause a Material Adverse Change; or (iii) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or that could cause a Material Adverse Change. (ivc) none Without limiting the foregoing, the present and, to the best knowledge of any Responsible Officer of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlands.Borrower, future liability, if any, of the Borrower and its Subsidiaries, taken as

Appears in 1 contract

Samples: Credit Agreement (Arkansas Best Corp /De/)

Environmental Condition. (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the The Borrower and its Subsidiaries (or, to the Borrower’s knowledge, its predecessors in interest with respect to its business) (i) have obtained all material Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all material terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental Laws; (iii) have not received notice of any unresolved, material violation or alleged violation of any Environmental Law or Environmental PermitPermit which could reasonably be expected to result in liabilities in excess of $2,500,000; and (iv) are not subject to any material actual or contingent Environmental ClaimClaim which could reasonably be expected to result in liabilities in excess of $2,500,000. (b) Except as disclosed in writing to There are no facts, circumstances, conditions or occurrences on any Rig owned or operated by the Administrative AgentBorrower or any of its Subsidiaries (or, to the knowledge Borrower’s knowledge, its predecessors in interest with respect to its business) that is reasonably likely (i) to form the basis of Borrowera Environmental Claim against the Borrower or any of its Subsidiaries or any Rig owned by the Borrower or any of its Subsidiaries which could reasonably be expected to result in liabilities in excess of $2,500,000, none or (ii) to cause such Rig to be subject to any unreasonable restrictions on its ownership, occupancy, use or transferability under any Environmental Law. (c) None of the present or previously owned or operated Property Properties of the Borrower or any its Subsidiaries (or, to the Borrower’s knowledge, its predecessors in interest with respect to its business) or of any of its their present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System listCERCLIS, or their state or local analogs, nor has the Borrower or have any of its Subsidiaries been otherwise investigatednotified of the designation, designated, listed, listing or identified identification of any Property of such Person or any of its present or former Subsidiaries as a potential site for any material removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably (except as such activities may be expected to cause a Material Adverse Changerequired by permit conditions); (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower Borrower, its Subsidiaries or any of its their present or former Subsidiaries, wherever located; or (iii) has been the site of any Release, use or storage Release (as defined under any Environmental Law) of Hazardous Substances or Hazardous Wastes Material from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for a Response or (iv) as defined under any Environmental Law), the cost of which would be in excess of $2,500,000 and none of the Improvements are constructed on land designated by Borrower, its Subsidiaries or any Governmental Authority having land use jurisdiction as wetlandsof their present or former Subsidiaries has generated or transported or has caused to be generated or transported Hazardous Materials to any third party site which could reasonably be expected to result in the need for Response that would reasonably be anticipated to result in a Environmental Claim against the Borrower or its Subsidiaries in excess of $2,500,000.

Appears in 1 contract

Samples: Revolving Credit Agreement (Seahawk Drilling, Inc.)

Environmental Condition. (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the Borrower and its Subsidiaries (i) have The Lessee (A) has obtained all ----------------------- Environmental Permits material necessary for the ownership and operation of their respective Properties its material properties and the conduct of their respective businessesits business of which the failure to obtain would reasonably be expected to have a Material Adverse Effect; (iiB) have has been and are is in material compliance with all terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental LawsLaws of which the failure to comply would reasonably be expected to have a Material Adverse Effect; (iiiC) have has not received notice of any violation or alleged violation of any Environmental Law or Environmental PermitPermit the violation of which would reasonably be expected to have a Material Adverse Effect; and (ivD) are is not subject to any actual or contingent Environmental Claim, which Environmental Claim would reasonably be expected to have a Material Adverse Effect. (bii) Except as disclosed in writing to the Administrative Agent, to To the knowledge of Borrowerany Responsible Officer of the Lessee, none of the present or previously owned or operated Property property of the Borrower or of any of its present or former SubsidiariesLessee, wherever located, (iA) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse ChangeLaws; (iiB) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property property owned or operated by the Borrower or any of its SubsidiariesLessee, wherever located, which Lien would reasonably be expected to have a Material Adverse Effect; or (iiiC) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could would reasonably be expected to result in the need for Response or that would have a Material Adverse Effect. (iviii) none Without limiting the foregoing, the present and, to the best knowledge of any Responsible Officer of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlandsLessee, future liability, if any, of the Lessee, which would reasonably be expected to arise in connection with requirements under Environmental Laws will not have a Material Adverse Effect.

Appears in 1 contract

Samples: Participation Agreement (Paragon Health Network Inc)

Environmental Condition. (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the Borrower The Company and its Subsidiaries Subsidiaries, taken as a whole, (i) have obtained all Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental LawsLaws of which the failure to comply could reasonably be expected to cause a Material Adverse Change; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit, which violation could reasonably be expected to cause a Material Adverse Change; and (iv) are not subject to any actual or contingent material Environmental Claim, which Environmental Claim could reasonably be expected to cause a Material Adverse Change. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or previously owned or operated Property of the Borrower Company or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, listed or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, reclamation or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; , (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower Company or any of its Subsidiaries, wherever located; , which Lien could reasonably be expected to cause a Material Adverse Change, or (iii) to the knowledge of a Responsible Officer of the Company, has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for a Response or that could cause a Material Adverse Change. (ivc) none Without limiting the foregoing, as of the Improvements are constructed on land designated by Effective Date, the present and, to the best knowledge of any Governmental Authority having land use jurisdiction Responsible Officer of the Company, future liability, if any, of the Company and its Subsidiaries, taken as wetlandsa whole, which could reasonably be expected to arise in connection with requirements under Environmental Laws will not result in a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Arkansas Best Corp /De/)

Environmental Condition. The Guarantors and their Subsidiaries, taken as a whole, (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the Borrower and its Subsidiaries (iA) have obtained all Environmental Permits material necessary for the ownership and operation of their respective Properties material properties and the conduct of their respective businessesbusinesses of which the failure to obtain would reasonably be expected to have a Material Adverse Effect; (iiB) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental LawsLaws of which the failure to comply would reasonably be expected to have a Material Adverse Effect; (iiiC) have not received notice of any violation or alleged violation of any Environmental Law or Environmental PermitPermit the violation of which would reasonably be expected to have a Material Adverse Effect; and (ivD) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed in writing , which Environmental Claim would reasonably be expected to the Administrative Agent, to have a Material Adverse Effect. To the knowledge of Borrowerany Responsible Officer of any Guarantor, none of the present or previously owned or operated Property property of the Borrower any Guarantor or of any of its such Guarantor's present or former Subsidiaries, wherever located, (iA) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse ChangeLaws; (iiB) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property property owned or operated by the Borrower any Guarantor or any of its such Guarantor's Subsidiaries, wherever located, which Lien would reasonably be expected to have a Material Adverse Effect; or (iiiC) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could would reasonably be expected to result in the need for Response or (iv) none that would have a Material Adverse Effect. Without limiting the foregoing, the present and, to the best knowledge of any Responsible Officer of any Guarantor, future liability, if any, of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction Guarantors and their Subsidiaries, taken as wetlands.a whole, which would reasonably be expected to arise in

Appears in 1 contract

Samples: Lease Agreement (Living Centers of America Inc)

Environmental Condition. (a) Except as disclosed in writing set forth on Schedule 4.16 to the Administrative AgentDisclosure Letter or, with respect to any Property, would not reasonably be expected to have a Property Material Adverse Effect, to the knowledge of the Borrower, the Borrower and its Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative AgentAgent or, with respect to any Property, would not reasonably be expected to have a Property Material Adverse Effect, to the knowledge of Borrower, none of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could would reasonably be expected to cause a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) none of the Improvements are constructed on land designated by any Governmental Authority having land use jurisdiction as wetlands. Section 4.17 Legal Requirements, Zoning, Utilities, Access. Except as set forth on Schedule 4.17 to the Disclosure Letter attached hereto or, with respect to any Property, would not reasonably be expected to have a Property Material Adverse Effect, the use and operation of each Property constitutes a legal use under applicable zoning regulations (as the same may be modified by special use permits or the granting of variances) and complies in all material respects with all Legal Requirements, and does not violate in any material respect any material approvals, material restrictions of record or any material agreement affecting any Property (or any portion thereof). The Borrower and its Subsidiaries possess all certificates of public convenience, authorizations, permits, licenses, patents, patent rights or licenses, trademarks, trademark rights, trade names rights and copyrights (collectively “Permits”) required by Governmental Authority to own and operate the Properties, except for those Permits if not obtained would not reasonably be expected to cause a Material Adverse Change. The Borrower and its Subsidiaries own and operate their business in compliance with all applicable material Legal Requirements, except, with respect to any Property, as would not reasonably be expected to result in a Property Material Adverse Effect. Except as would not reasonably be expected to result in a Property Material Adverse Effect, to the extent necessary for the full utilization of each Property in accordance with its current use, telephone services, gas, steam, electric power, storm sewers, sanitary sewers and water facilities and all other utility services are available to each Property, are adequate to serve each such Property, exist at the boundaries of the Land and are not subject to any conditions, other than normal charges to the utility supplier, which would limit the use of such utilities. Except as would not reasonably be expected to result in a Property Material Adverse Effect, all streets and easements necessary for the occupancy and operation of each Property are available to the boundaries of the Land.

Appears in 1 contract

Samples: Credit Agreement

Environmental Condition. (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the The Borrower and its Subsidiaries Subsidiaries, taken as a whole, (i) have obtained all Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental LawsLaws of which the failure to comply could reasonably be expected to cause a Material Adverse Change; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit, which violation could reasonably be expected to cause a Material Adverse Change; and (iv) are not subject to any actual or contingent material Environmental Claim, which Environmental Claim could reasonably be expected to cause a Material Adverse Change. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, listed or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, reclamation or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; , (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower or any of its Subsidiaries, wherever located; , which Lien could reasonably be expected to cause a Material Adverse Change, or (iii) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for a Response or that could cause a Material Adverse Change. (ivc) none Without limiting the foregoing, as of the Improvements are constructed on land designated by Effective Date, the present and, to the best knowledge of any Governmental Authority having land use jurisdiction Responsible Officer of the Borrower, future liability, if any, of the Borrower and its Subsidiaries, taken as wetlandsa whole, which could reasonably be expected to arise in connection with requirements under Environmental Laws will not result in a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (Arkansas Best Corp /De/)

Environmental Condition. (a) Except as set forth on Schedule 4.11, or after the date of this Agreement, otherwise disclosed in writing writing, pursuant to Section 5.12, by Parent or Borrower to the Administrative Agent, to the knowledge of the Borrower, the Borrower and its Subsidiaries (i) have obtained all Environmental Permits material for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have been and are in material compliance with all terms and conditions of such Environmental Permits and with all other requirements of applicable Environmental Laws; (iii) have except as would not received notice of any violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none of the present or previously owned or operated Property of the Borrower or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local analogs, or have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably be expected to cause a Material Adverse Change; . (iia) is subject Parent, its Subsidiaries and their businesses and operations, including such businesses and operations at any Real Property and any former business and operations at real property formerly owned, leased, operated, managed, or occupied by Parent, its Subsidiaries or any of their predecessors in interest (the “Former Real Property”) are and have been in compliance with, and none of Parent nor any of its Subsidiaries has liability under, any applicable Environmental Laws; (b) Parent and its Subsidiaries have obtained all permits required for the conduct of their business and operations, and the ownership, operation and use of the Real Property, under all applicable Environmental Laws (the “Environmental Permits”). Parent and its Subsidiaries are in compliance with the terms and conditions of such Environmental Permits, and all such Environmental Permits are valid and in good standing. No expenditures or operational adjustments, other than those in the ordinary course of business, are reasonably anticipated to a Lienbe required to remain in compliance with the terms and conditions of, arising or to renew or modify such Environmental Permits; (c) There has been no Release or threatened Release or any handling, management, generation, treatment, storage or disposal of Hazardous Materials on, at, under or in connection with from any Real Property or Former Real Property that has resulted in, or is reasonably likely to result in, a material Environmental LawsLiability for Parent or any of its Subsidiaries; (d) There is no Environmental Action or Environmental Liability pending or, to the knowledge of Parent or its Subsidiaries, threatened against Parent or its Subsidiaries, or relating to the operations of Parent or its Subsidiaries, and, to the knowledge of Parent or its Subsidiaries, there are no actions, activities, circumstances, conditions, events or incidents that attaches are reasonably likely to any revenues form the basis of such an Environmental Action or to any Property owned or operated by the Borrower Environmental Liability against Parent or any of its Subsidiaries, wherever located; (iii) has been the site of any Release, use or storage of Hazardous Substances or Hazardous Wastes from present or past including with respect to operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not caused at the site or at any third‑party site Real Property and former operations at any condition that Former Real Property; (e) To the knowledge of Parent and its Subsidiaries, no person with an indemnity, contribution or other obligation to any of Parent or its Subsidiaries relating to compliance with or liability under Environmental Law is in default with respect to any such indemnity, contribution or other obligation; (f) None of Parent or its Subsidiaries is conducting, financing or is obligated to perform any Response Action or otherwise incur any expense under Environmental Law pursuant to any Environmental Action or agreement by which it is bound or has resulted expressly assumed by contract or agreement; (g) No Real Property or facility owned, operated or leased by Parent or its Subsidiaries and, to the knowledge of Parent or its Subsidiaries, no Former Real Property is (i) listed or proposed for listing on the National Priorities List as defined in or could reasonably be expected and promulgated pursuant to result in the need for Response Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. §9601 et seq. (“CERCLA”) or (ivii) none of the Improvements are constructed included on land designated any similar list maintained by any Governmental Authority having land use jurisdiction as wetlandsthat indicates that any Parent or Subsidiary has or may have an obligation to undertake any Response Action; (h) No Environmental Lien has been recorded with respect to any owned Real Estate Property or, to the knowledge of Parent or any of its Subsidiaries, with respect to any facility leased or operated by Parent or its Subsidiaries, and to the knowledge of Parent and its Subsidiaries, no Environmental Lien has been threatened with respect to any Real Property; (i) Parent or its Subsidiaries have made available to the Lenders all records and files in the possession, custody or control of, or otherwise reasonably available to, Parent or its Subsidiaries concerning compliance with or liability or obligation under Environmental Law, including those concerning the environmental condition of the Real Property or the existence of Hazardous Materials at the Real Property or Former Real Property; and (j) The representations and warranties set forth in this Section 4.11 shall be the sole representations and warranties of Parent and its Subsidiaries under the Loan Documents relating to environmental matters.

Appears in 1 contract

Samples: Credit Agreement (Storm Cat Energy CORP)

Environmental Condition. Except as disclosed on the attached Schedule 4.16: (a) Except as disclosed in writing to the Administrative Agent, to the knowledge of the Borrower, the Borrower The Company and its Subsidiaries (i) have obtained all material Environmental Permits material necessary for the ownership and operation of their respective material Properties and the conduct of their respective businesses; , (ii) have been and are in material compliance with all material terms and conditions of such Environmental Permits and with all other material requirements of applicable Environmental Laws; , (iii) have not received notice of any material violation or alleged violation of any Environmental Law or Environmental Permit; , and (iv) are not subject to any material actual or contingent Environmental Claim. (b) Except as disclosed in writing to the Administrative Agent, to the knowledge of Borrower, none None of the present or previously owned or operated Property Properties of the Borrower Company or of any of its present or former Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System listList or CERCLIS, or their state or local analogs, nor has the Company or have any of its Subsidiaries been otherwise investigatednotified of the designation, designated, listed, listing or identified identification of any Property of the Company or any of its present or former Subsidiaries as a potential site for future removal, remediation, cleanup, closure, restoration, reclamation, or other response activity under any Environmental Laws which could reasonably (except as such activities may be expected to cause a Material Adverse Change; required by permit conditions), (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or operated by the Borrower Company or any of its present or former Subsidiaries, wherever located; , or (iii) has been the site of any Release, use or storage Release of Hazardous Substances or Hazardous Wastes from present or past operations except for Permitted Hazardous Substances, which Permitted Hazardous Substances have not has caused at the site or at any third‑party third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response or (iv) and none of the Improvements are constructed on land designated by Company or any Governmental Authority having land use jurisdiction as wetlandsof its present or former Subsidiaries has generated or transported or has caused to be generated or transported Hazardous Substances to any third party site which could reasonably be expected to result in the need for Response. (c) Without limiting the foregoing, the present and future liability, if any, of the Company or any of its Subsidiaries, which could reasonably be expected to arise in connection with requirements under Environmental Laws could not reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Letter of Credit Facility Agreement (McDermott International Inc)

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