Common use of Environmental, Health and Safety Laws Clause in Contracts

Environmental, Health and Safety Laws. There does not exist any violation by the Borrower or any Subsidiary of any applicable federal, state or local law, rule or regulation or order of any government, governmental department, board, agency or other instrumentality relating to environmental, pollution, health or safety matters which will or could reasonably be expected to impose a material liability on the Borrower or a Subsidiary or which would or could reasonably be expected to require a material expenditure by the Borrower or such Subsidiary to cure. Neither the Borrower nor any Subsidiary has received any notice to the effect that any part of its operations or properties is not in material compliance with any such law, rule, regulation or order or notice that it or its property is the subject of any governmental investigation evaluating whether any remedial action is needed to respond to any release of any toxic or hazardous waste or substance into the environment, the consequences of which non-compliance or remedial action could reasonably be expected to result in an Adverse Event.

Appears in 2 contracts

Samples: Credit Agreement (Stancorp Financial Group Inc), Credit Agreement (Stancorp Financial Group Inc)

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Environmental, Health and Safety Laws. There does not exist any violation by the Borrower or any Subsidiary of its Subsidiaries of any applicable federal, state or local law, rule or regulation or order of any government, governmental department, board, agency or other instrumentality relating to environmental, pollution, health or safety matters which will or could reasonably be expected threatens to impose a material liability on the Borrower or a Subsidiary such Person or which would or could reasonably be expected to require a material expenditure by the Borrower or such Subsidiary Person to curecure except as described in Schedule 7.9 attached hereto and incorporated herein by reference. Neither the Borrower nor any Subsidiary of its Subsidiaries has received any notice to the effect that any part of its operations or properties is not in material compliance with any such law, rule, regulation or order or notice that it or its property is the subject of any governmental investigation evaluating whether any remedial action is needed to respond to any release of any toxic or hazardous waste or substance into the environment, the consequences of which non-compliance or remedial action could reasonably be expected to result in constitute an Adverse EventEvent except as described in Schedule 7.9.

Appears in 1 contract

Samples: Credit Agreement (Compex Technologies Inc)

Environmental, Health and Safety Laws. There does not exist any violation by the Borrower or any Subsidiary Guarantor of any applicable federal, state or local law, rule or regulation or order of any government, governmental department, board, agency or other instrumentality relating to environmental, pollution, health or safety matters which will or could reasonably be expected to impose a material liability on the Borrower or a Subsidiary Guarantor or which would or could reasonably be expected to require a material expenditure by the Borrower or such Subsidiary Guarantor to cure. Neither the Borrower nor any Subsidiary Guarantor has received any notice to the effect that any part of its operations or properties is not in material compliance with any such law, rule, regulation or order or notice that it or its property is the subject of any governmental investigation evaluating whether any remedial action is needed to respond to any release of any toxic or hazardous waste or substance into the environment, the consequences of which non-compliance or remedial action could reasonably would be expected to result in an Adverse Event.

Appears in 1 contract

Samples: Credit Agreement (Stancorp Financial Group Inc)

Environmental, Health and Safety Laws. There does not exist any violation by the Borrower or any Subsidiary of any applicable federal, state or local law, rule or regulation or order of any government, governmental department, board, agency or other instrumentality relating to environmental, pollution, health or safety matters which will or could reasonably be expected threatens to impose a material liability on the Borrower or a Subsidiary or which would or could reasonably be expected to require a material expenditure by the Borrower or such Subsidiary to cure. Neither the Borrower nor any Subsidiary has received any notice to the effect that any part of its operations or properties is not in material compliance with any such law, rule, regulation or order or notice that it or its property is the subject of any governmental investigation evaluating whether any remedial action is needed to respond to any release of any toxic or hazardous waste or substance into the environment, the consequences of which non-compliance noncompliance or remedial action could reasonably be expected to result in an Adverse Eventhave a material adverse effect on the business, operations, properties, assets or condition (financial or otherwise) of the Borrower and its Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Credit Agreement (Damark International Inc)

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Environmental, Health and Safety Laws. There does not exist any violation by the Borrower or any Subsidiary Guarantor of any applicable federal, state or local law, rule or regulation or order of any government, governmental department, board, agency or other instrumentality relating to environmental, pollution, health or safety matters which will or could reasonably be expected to impose a material liability on the Borrower or a Subsidiary Guarantor or which would or could reasonably be expected to require a material expenditure by the Borrower or such Subsidiary Guarantor to cure. Neither the Borrower nor any Subsidiary Guarantor has received any notice to the effect that any part of its operations or properties is not in material compliance with any such law, rule, regulation or order or notice that it or its property is the subject of any governmental investigation evaluating whether any remedial action is needed to respond to any release of any toxic or hazardous waste or substance into the environment, the consequences of which non-compliance noncompliance or remedial action could reasonably would be expected to result in an Adverse Event.

Appears in 1 contract

Samples: Credit Agreement (Stancorp Financial Group Inc)

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