Common use of Environmental Events Clause in Contracts

Environmental Events. The Borrower will promptly give notice to the Agent (i) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (ii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries or the Agent's security interests pursuant to the Security Documents.

Appears in 3 contracts

Samples: Credit Agreement (HPSC Inc), Credit Agreement (HPSC Inc), Revolving Credit Agreement (HPSC Inc)

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Environmental Events. The Borrower will promptly give notice to the Agent Banks (i) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (ii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries Subsidiaries, or the Agent's security interests pursuant to the Security Documents.

Appears in 3 contracts

Samples: Inventory and Receivables Revolving Credit Agreement (Silverleaf Resorts Inc), Revolving Credit Agreement (Silverleaf Resorts Inc), Revolving Credit Agreement (Silverleaf Resorts Inc)

Environmental Events. The Borrower will promptly give notice -------------------- to the Agent (i) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (ii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of and its Subsidiaries or the Agent's security interests pursuant to the Security Documentson a consolidated basis.

Appears in 2 contracts

Samples: Credit Agreement (New England Business Service Inc), Revolving Credit Agreement (New England Business Service Inc)

Environmental Events. The Borrower will promptly give notice to the Administrative Agent (ia) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (iib) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that has the potential to materially affect the business, assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries Subsidiaries, or the Administrative Agent's security interests pursuant to the Security Documents.

Appears in 2 contracts

Samples: Revolving Credit (Emmis Communications Corp), Term Loan Agreement (Emmis Communications Corp)

Environmental Events. The Borrower will promptly give notice to the Agent (i) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (ii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, business or financial conditions or operations condition of the Borrower or any of and its Subsidiaries or the Agent's security interests pursuant to the Security Documentstaken as a whole.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Michaels Stores Inc), Revolving Credit Agreement (Michaels Stores Inc)

Environmental Events. The Borrower will promptly give notice to the Agent Bank (ia) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (iib) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of and its Subsidiaries taken as a whole, the Bank's mortgages or the Agent's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Transact Technologies Inc)

Environmental Events. The Borrower will promptly give notice to the Agent Lender (i) of any material violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (ii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that in either case involves the Project or has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries the Lender's liens or the Agent's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Construction Loan Agreement (American Skiing Co /Me)

Environmental Events. The Borrower will promptly give notice to the Managing Agent (ia) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (iib) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that has the potential to materially affect the business, assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries Subsidiaries, or the Managing Agent's security interests pursuant to the Security Documents. 9.5.3.

Appears in 1 contract

Samples: Revolving Credit (Emmis Broadcasting Corporation)

Environmental Events. The Borrower will promptly give notice to the Agent (i) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (ii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of and its Subsidiaries or the Agent's security interests pursuant to the Security Documentson a consolidated basis.

Appears in 1 contract

Samples: Credit Agreement (New England Business Service Inc)

Environmental Events. The Borrower will promptly give notice to the Agent (ia) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (iib) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries Subsidiaries, or the Agent's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Auto Finance Co Inc)

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Environmental Events. The Borrower will promptly give notice to the Agent Lender (i) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person the Borrower in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (ii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that that, in either case, has the potential to materially adversely affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries Borrower, or the AgentLender's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Boston Celtics Limited Partnership)

Environmental Events. The Borrower will promptly give notice to the Agent Bank (i) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (ii) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or any federal, state or local environmental agency or board, that in either case involves the Real Estate or has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of and its Subsidiaries taken as a whole, or the AgentBank's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Triton Systems Inc / Fa)

Environmental Events. The Borrower will promptly give notice to the Agent (i) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (ii) upon becoming aware thereof, of any inquiry, proceeding, investigationinvesti- gation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries Subsidiaries, or the Agent's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Trailer Bridge Inc)

Environmental Events. The Borrower will promptly give notice -------------------- to the Agent (ia) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (iib) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that has the potential to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries Subsidiaries, or the Agent's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Answer Think Consulting Group Inc)

Environmental Events. The Borrower will promptly give notice to the Agent and each of the Banks (ia) of any violation of any Environmental Law that the Borrower or any of its Subsidiaries reports in writing or is reportable by such Person the Borrower in writing (or for which any written report supplemental to any oral report is made) to any federal, state or local environmental agency and (iib) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a notice from any agency of potential environmental liability, or of any federal, state or local environmental agency or board, that has the potential is reasonably expected to materially affect the assets, liabilities, financial conditions or operations of the Borrower or any of its Subsidiaries Borrower, or the Agent's security interests pursuant to the Security Documents.

Appears in 1 contract

Samples: Term Loan Agreement (Bangor Hydro Electric Co)

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