Common use of Environmental Events Clause in Contracts

Environmental Events. The Borrowers will promptly give notice to the Administrative Agent (a) of any violation of any Environmental Law that the Borrowers or any of their 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 Governmental Authority where such violation could reasonably be expected to have a Material Adverse Effect, and (b) upon becoming aware of any inquiry, proceeding, investigation, or other action, including a written notice from any agency of potential environmental liability, of any Governmental Authority that could reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Credit Agreement (McCormick & Schmicks Seafood Restaurants Inc.), Revolving Credit Agreement (McCormick & Schmicks Seafood Restaurants Inc.), Revolving Credit Agreement (McCormick & Schmick Holdings, L.L.C.)

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Environmental Events. The Borrowers Borrower will promptly give notice -------------------- to the Administrative Agent and each of the Banks (a) of any violation of any Environmental Law that the Borrowers Borrower or any of their 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 Governmental Authority where such violation could reasonably be expected to have a Material Adverse Effectfederal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a written notice from any agency of potential environmental liability, of any Governmental Authority federal, state or local environmental agency or board, that could reasonably be expected has the potential to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc)

Environmental Events. The Borrowers Borrower will promptly give notice to the Administrative Agent and each of the Banks (a) of any violation of any Environmental Law that the Borrowers Borrower or any of their 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 Governmental Authority where such violation could reasonably be expected to have a Material Adverse Effectfederal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a written notice from any agency of potential environmental liability, of any Governmental Authority federal, state or local environmental agency or board, that could reasonably be expected has the potential to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Brooks Automation Inc), Revolving Credit Agreement (Varian Semiconductor Equipment Associates Inc), Revolving Credit Agreement (Freedom Securities Corp /De/)

Environmental Events. The Borrowers Borrower will promptly give notice to the Administrative Agent and each of the Banks (a) of any violation of any Environmental Law that the Borrowers such Borrower or any of their 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 Governmental Authority where such violation could reasonably be expected to have a Material Adverse Effectfederal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a written notice from any agency of potential environmental liability, of any Governmental Authority federal, state or local environmental agency or board, that could reasonably be expected has the potential to have a Material Adverse EffectEffect on the Company and its Subsidiaries, or the Agent's security interests pursuant to the Security Documents.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Holmes Products Corp), Revolving Credit and Term Loan Agreement (Holmes Group Inc)

Environmental Events. The Borrowers Such Borrower will promptly give notice to the Administrative Agent and each of the Lenders (a) of any violation of any Environmental Law that the Borrowers such Borrower or any of their 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 Governmental Authority where such violation could reasonably be expected to have a Material Adverse EffectAuthority, and (b) upon becoming aware thereof, of any environmental claim, inquiry, proceeding, investigation, or other action, including a written notice from any agency of potential environmental liability, of any Governmental Authority that results in, or could reasonably be expected to have have, a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Lionbridge Technologies Inc /De/), Credit Agreement (Lionbridge Technologies Inc /De/)

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Environmental Events. The Borrowers Borrower will promptly give -------------------- notice to the Administrative Agent and each of the Banks (a) of any violation of any Environmental Law that the Borrowers Borrower or any of their 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 Governmental Authority where such violation could reasonably be expected to have a Material Adverse Effectfederal, state or local environmental agency and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a written notice from any agency of potential environmental liability, of any Governmental Authority federal, state or local environmental agency or board, that could reasonably be expected has the potential to have a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Mapics Inc)

Environmental Events. The Borrowers Borrower will promptly give notice to the Administrative Agent Lender (a) of any violation of any Environmental Law that the Borrowers Borrower or any of their 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 Governmental Authority where such violation could reasonably be expected to have a Material Adverse EffectAuthority, and (b) upon becoming aware thereof, of any inquiry, proceeding, investigation, or other action, including a written notice from any agency of potential environmental liability, of any Governmental Authority Authority, in each of the foregoing cases (a) and (b) that could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Kronos Inc)

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