Common use of Environmental Insurance Clause in Contracts

Environmental Insurance. On or prior to the Initial Borrowing Date, Administrative Agent shall have received: (A) the Environmental Studies from Environmental Resources Management, with respect to certain of the Mortgaged Fee Properties, the results of which shall be in form and substance reasonably satisfactory to the Administrative Agent; and (B) evidence of insurance complying with the requirements of Section 7.8 for the business and properties of Company.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Texas Petrochemicals Inc.), Revolving Credit Agreement (Texas Petrochemicals Inc.), Revolving Credit Agreement (Texas Petrochemicals Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!