Environmental Law Covenant. Each of the Borrower and each of the Subsidiaries will (a) use and operate all of its and their businesses, facilities and properties in material compliance with all Environmental Laws, and keep and maintain all Environmental Permits and remain in compliance therewith, except in each case to the extent such non-compliance could not reasonably be expected to result in a Material Adverse Effect and (b) promptly notify the Administrative Agent of, and provide the Administrative Agent with copies of all material claims, complaints, notices or inquiries received in writing relating to, any actual or alleged non-compliance with any Environmental Laws or Environmental Permits or any actual or alleged Environmental Liabilities. The Borrower and each of the Subsidiaries will promptly resolve, remedy and mitigate any such non-compliance or Environmental Liabilities in accordance with reasonable business practices, and shall keep the Lenders informed as to the progress of same.
Appears in 3 contracts
Samples: Credit Agreement (Acutus Medical, Inc.), Credit Agreement (Acutus Medical, Inc.), Credit Agreement (Acutus Medical, Inc.)
Environmental Law Covenant. Each of the Borrower and each of the Subsidiaries will (ai) use and operate all of its and their businesses, facilities and properties in material compliance with all Environmental Laws, and keep and maintain all material Environmental Permits and remain in compliance therewith, in all material respects therewith except in each case to the extent such non-compliance could would not reasonably be expected to result in cause a Material Adverse Effect Effect, and (bii) promptly notify the Administrative Agent Lender of, and provide the Administrative Agent Lender with copies of all material claims, complaints, notices or inquiries received in writing relating to, any actual or alleged non-compliance with any Environmental Laws or Environmental Permits or any actual or alleged Environmental LiabilitiesLiabilities that would reasonably be expected to cause a Material Adverse Effect. The Borrower and each of the Subsidiaries will promptly resolve, remedy and mitigate any such non-compliance or Environmental Liabilities in accordance with reasonable business practices, and shall keep the Lenders Lender informed as to the progress of same.
Appears in 2 contracts
Samples: Credit Agreement (Avedro Inc), Credit Agreement (Avedro Inc)