Common use of Environmental Matters; Environmental Reviews Clause in Contracts

Environmental Matters; Environmental Reviews. (a) Except in each case where failure to do so could not reasonably be expected to cause a Material Adverse Change, each Restricted Person will comply in all material respects with all Environmental Laws now or hereafter applicable to such Restricted Person, as well as all contractual obligations and agreements with respect to environmental remediation or other environmental matters, and shall obtain, at or prior to the time required by applicable Environmental Laws, all environmental, health and safety permits, licenses and other authorizations necessary for its operations and will maintain such authorizations in full force and effect. Except in each case where failure to do so could not reasonably be expected to cause a Material Adverse Change, no Restricted Person will do anything or permit anything to be done which will subject any of its properties to any remedial obligations under, or result in noncompliance with applicable permits and licenses issued under, any applicable Environmental Laws, assuming disclosure to the applicable governmental authorities of all relevant facts, conditions and circumstances. Upon Administrative Agent’s reasonable request, at any time and from time to time, Borrower will provide at its own expense an environmental inspection of any of the Restricted Persons’ material real properties and audit of their environmental compliance procedures and practices, in each case from an engineering or consulting firm reasonably acceptable to Administrative Agent. Administrative Agent and Lenders will use their best efforts to protect any attorney client privilege that exists with respect to reports or audits prepared by such engineers or consultants.

Appears in 3 contracts

Samples: Credit Agreement (Berry Petroleum Co), Assignment and Assumption (Berry Petroleum Co), Assignment and Assumption (Berry Petroleum Co)

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Environmental Matters; Environmental Reviews. (ae) Except in each case where failure to do so could not reasonably be expected to cause a Material Adverse Change, each Each Restricted Person will (i) comply in all material respects with all Environmental Laws now or hereafter applicable to such Restricted Person, as well as Person and all contractual obligations and agreements with respect to environmental remediation or other environmental mattersmatters where the failure to comply could be reasonably expected to cause a Material Adverse Change, and shall (ii) obtain, at or prior to the time required by applicable Environmental Laws, all environmental, health and safety permits, licenses and other authorizations necessary for its operations and will maintain such authorizations in full force and effect. Except in each case effect except where the failure to do so obtain or maintain any such permit, license or other authorization could not be reasonably be expected to cause a Material Adverse Change, no . No Restricted Person will do anything or permit anything to be done which will subject any of its properties to any remedial obligations under, or result in noncompliance with applicable permits and licenses issued under, any applicable Environmental Laws, assuming disclosure to the applicable governmental authorities Governmental Authorities of all relevant facts, conditions and circumstances. Upon Administrative Agent’s reasonable request, at any time and from time to time, Borrower will provide at its own expense an environmental inspection of any of the Restricted Persons’ material real properties and audit of their environmental compliance procedures and practices, in each case from an engineering or consulting firm reasonably acceptable to approved by Administrative Agent. Administrative Agent and Lenders will use their best efforts to protect any attorney client privilege that exists with respect to reports or audits prepared by such engineers or consultants.

Appears in 2 contracts

Samples: Credit Agreement (Mid-Con Energy Partners, LP), Credit Agreement (Mid-Con Energy Partners, LP)

Environmental Matters; Environmental Reviews. (a) Except in each case where failure to do so could not reasonably be expected to cause a Material Adverse Change, each Restricted Person will comply in all material respects with all Environmental Laws now or hereafter applicable to such Restricted Person, as well as all contractual obligations and agreements with respect to environmental remediation or other environmental matters, and shall obtain, at or prior to the time required by applicable Environmental Laws, all environmental, health and safety permits, licenses and other authorizations necessary for its operations and will maintain such authorizations in full force and effect. Except in each case where failure to do so could not reasonably be expected to cause a Material Adverse Change, no Restricted Person will do anything or permit anything to be done which will subject any of its properties to any remedial obligations under, or result in noncompliance with applicable permits and licenses issued under, any applicable Environmental Laws, assuming disclosure to the applicable governmental authorities of all relevant facts, conditions and circumstances. Upon Administrative Agent’s 's reasonable request, at any time and from time to time, Borrower will provide at its own expense an environmental inspection of any of the Restricted Persons' material real properties and audit of their environmental compliance procedures and practices, in each case from an engineering or consulting firm reasonably acceptable to Administrative Agent. Administrative Agent and Lenders will use their best efforts to protect any attorney client privilege that exists with respect to reports or audits prepared by such engineers or consultants.

Appears in 1 contract

Samples: Credit Agreement (Berry Petroleum Co)

Environmental Matters; Environmental Reviews. Each Restricted Person: (a) Except will comply in each case where all respects with any and all applicable Environmental Laws now or hereafter applicable to such Person, except to the extent the failure to do so could not reasonably be expected to cause a Material Adverse Change; (b) will not cause or permit to exist, each as a result of an action or omission on any Restricted Person will comply Person’s part, or on the part of any third party, on any Borrowing Base Property any environmental activity where damage may result to the environment, unless such environmental activity is pursuant to and in all material respects compliance with all Environmental Laws now or hereafter applicable to such Restricted Personthe conditions of a permit issued by an appropriate Governmental Authority, as well as all contractual obligations and agreements with respect to environmental remediation or other environmental matters, and shall obtain, at or prior except to the time required by applicable Environmental Laws, all environmental, health and safety permits, licenses and other authorizations necessary for its operations and will maintain such authorizations in full force and effect. Except in each case where extent the failure to do so could not reasonably be expected to cause a Material Adverse Change; and (c) will furnish to the Administrative Agent promptly and in any event within thirty (30) days after receipt thereof a copy of any notice, no Restricted Person will do anything or permit anything to be done which will subject any of its properties to any remedial obligations undersummons, lien, citation, directive, letter, or result other written communication from any Governmental Authority concerning any intentional or unintentional action or omission on any Restricted Person’s part in noncompliance connection with applicable permits any environmental activity which could reasonably be expected to cause a Material Adverse Change. The Borrower will promptly conduct and licenses issued under, complete at the Borrower’s expense such environmental investigations and testings on the Borrowing Base Properties as may be (y) reasonably requested by the Administrative Agent during the continuance of any applicable Event of Default or (z) required by any Governmental Authority pursuant to Environmental Laws, assuming disclosure to the applicable governmental authorities of all relevant facts, conditions and circumstances. Upon Administrative Agent’s reasonable request, at any time and from time to time, Borrower will provide at its own expense an environmental inspection of any of the Restricted Persons’ material real properties and audit of their environmental compliance procedures and practices, in each case from an engineering or consulting firm reasonably acceptable to Administrative Agent. Administrative Agent and Lenders will use their best efforts to protect any attorney client privilege that exists with respect to reports or audits prepared by such engineers or consultants.

Appears in 1 contract

Samples: Loan Agreement (Acacia Research Corp)

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Environmental Matters; Environmental Reviews. (a) Except in each case where failure to do so could not reasonably be expected to cause a Material Adverse Change, each Each Restricted Person will (i) comply in all material respects with all Environmental Laws now or hereafter applicable to such Restricted Person, as well as Person and all contractual obligations and agreements with respect to environmental remediation or other environmental mattersmatters where the failure to comply could be reasonably expected to cause a Material Adverse Change, and shall (ii) obtain, at or prior to the time required by applicable Environmental Laws, all environmental, health and safety permits, licenses and other authorizations necessary for its operations and will maintain such authorizations in full force and effect. Except in each case effect except where the failure to do so obtain or maintain any such permit, license or other authorization could not be reasonably be expected to cause a Material Adverse Change, no . No Restricted Person will do anything or permit anything to be done which will subject any of its properties to any remedial obligations under, or result in noncompliance with applicable permits and licenses issued under, any applicable Environmental Laws, assuming disclosure to the applicable governmental authorities Governmental Authorities of all relevant facts, conditions and circumstances. Upon Administrative Agent’s reasonable request, at any time and from time to time, Borrower will provide at its own expense an environmental inspection of any of the Restricted Persons’ material real properties and audit of their environmental compliance procedures and practices, in each case from an engineering or consulting firm reasonably acceptable to approved by Administrative Agent. Administrative Agent and Lenders will use their best efforts to protect any attorney client privilege that exists with respect to reports or audits prepared by such engineers or consultants.

Appears in 1 contract

Samples: Credit Agreement (Mid-Con Energy Partners, LP)

Environmental Matters; Environmental Reviews. (a) Except in each case where failure to do so could not reasonably be expected to cause a Material Adverse Change, each Each Restricted Person will (i) comply in all material respects with all Environmental Laws now or hereafter applicable to such Restricted Person, as well as Person and all contractual obligations and agreements with respect to environmental remediation or other environmental mattersmatters where the failure to comply could be reasonably expected to cause a Material Adverse Change, and shall (ii) obtain, at or prior to the time required by applicable Environmental Laws, all environmental, health and safety permits, licenses and other authorizations necessary for its operations and will maintain such authorizations in full force and effect. Except in each case effect except where the failure to do so obtain or maintain any such permit, license or other authorization could not be reasonably be expected to cause a Material Adverse Change, no . No Restricted Person will do anything or permit anything to be done which will subject any of its properties to any remedial obligations under, or result in noncompliance with applicable permits and licenses issued under, any applicable Environmental Laws, assuming disclosure to the applicable governmental authorities Governmental Authorities of all relevant facts, conditions and circumstances. Upon Administrative Agent’s reasonable request, at any time and from time to time, Borrower will provide at its own expense an environmental inspection of any of the Restricted Persons’ material real properties and audit of their environmental compliance procedures and practices, in each case from an engineering or consulting firm reasonably acceptable to approved by Administrative Agent. Administrative Agent and Lenders will use their best efforts to protect any attorney client privilege that exists with respect to reports or audits prepared by such engineers or consultants.Mid-Con Energy Properties, LLC Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Mid-Con Energy Partners, LP)

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