Common use of Environmental Law Covenant Clause in Contracts

Environmental Law Covenant. The Borrower will, and will cause each of its Subsidiaries to, (a) use and operate all of its and their facilities and properties in compliance with all Environmental Laws, maintain all permits, approvals, certificates, licenses and other authorizations relating to environmental matters in effect and remain in compliance therewith, handle all Hazardous Materials in compliance with all applicable Environmental Laws, take timely action to resolve any non-compliance with or potential liability under Environmental Laws and keep its owned property free of any Lien imposed by any Environmental Law (unless such non-compliance, liability or Lien is being contested in good faith and consistent with GAAP or could not reasonably be expected to result in a Material Adverse Effect); and (b) promptly notify the Administrative Agent of any potential non-compliance with or liability under any Environmental Law involving a potential loss to the Borrower or any of its Subsidiaries of greater than $1,000,000, individually or $2,500,000 in the aggregate and promptly provide to the Administrative Agent upon its request any written claim, complaint, report, notice, inquiry or other document relating thereto.