Common use of Environmental Matters; Environmental Reviews Clause in Contracts

Environmental Matters; Environmental Reviews. (a) Each Credit Party will comply in all material respects with all Environmental Laws now or hereafter applicable to it, as well as all contractual obligations and agreements with respect to environmental remediation or other environmental matters, and will 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. No Credit Party will do anything or permit anything to be done that will subject any of the properties of any Credit Party 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 (but no more than once per calendar year so long as no Event of Default exists that is continuing), Company will provide at its own expense an environmental inspection of any of its and the other Credit Parties’ material real properties and audit of their environmental compliance procedures and practices, in each case from an engineering or consulting firm approved by Administrative Agent. (b) Company will promptly furnish to Administrative Agent all written notices of violation, orders, claims, citations, complaints, penalty assessments, suits or other proceedings received by any Credit Party, or of which any Credit Party otherwise has notice, with respect to any alleged violation of or non-compliance with any Environmental Laws, with respect to the properties or operations of Company and its Subsidiaries, or with respect to any permits, licenses or authorizations in connection with the ownership or use of such properties or in connection with any such operations. (c) Company will promptly furnish to Administrative Agent all requests for information, notices of claim, demand letters, and other notifications, received by any Credit Party in connection with the ownership or use of any of its properties or the conduct of its business, relating to potential responsibility with respect to any investigation or clean-up of Hazardous Material at any location.

Appears in 1 contract

Samples: Credit Agreement (NiMin Energy Corp.)

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Environmental Matters; Environmental Reviews. (a) Each Credit Loan Party will comply in all material respects with all Environmental Laws now or hereafter applicable to it, such Loan Party as well as all contractual obligations Contractual Obligations and agreements with respect to environmental remediation or other environmental matters, matters and will 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. No Credit Party will do anything , conduct any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or permit anything other action necessary to be done that will subject any of the properties of any Credit Party to any remedial obligations under, or result in noncompliance with applicable permits remove and licenses issued under, any applicable Environmental Laws, assuming disclosure to the applicable governmental authorities of clean up all relevant facts, conditions and circumstances. Upon Administrative Agent’s reasonable request, at any time and Hazardous Materials from time to time (but no more than once per calendar year so long as no Event of Default exists that is continuing), Company will provide at its own expense an environmental inspection of any of its and the other Credit Parties’ material real properties and audit of their environmental compliance procedures and practicesproperties, in each case from an engineering or consulting firm approved by Administrative Agentaccordance with the requirements of all Environmental Laws. (b) Company Each Loan Party will promptly furnish to Administrative Agent all written notices of violation, orders, claims, citations, complaints, penalty assessments, suits or other proceedings received by any Credit Loan Party, or of which any Credit Party otherwise it has notice, pending or threatened against any Loan Party, the potential liability of which exceeds $250,000 or would cause a Material Adverse Change if resolved adversely against any Loan Party, by any governmental authority with respect to any alleged violation of or non-compliance with any Environmental Laws, with respect to the properties Laws or operations of Company and its Subsidiaries, or with respect to any permits, licenses or authorizations in connection with the its ownership or use of such its properties or in connection with any such operationsthe operation of its business. (c) Company Each Loan Party will promptly furnish to Administrative Agent all requests for information, notices of claim, demand letters, and other notifications, received by any Credit Loan Party in connection with the its ownership or use of any of its properties or the conduct of its business, relating to potential responsibility with respect to any investigation or clean-up of Hazardous Material at any location, the potential liability of which exceeds $250,000 or would cause a Material Adverse Change if resolved adversely against any Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Genesis Energy Lp)

Environmental Matters; Environmental Reviews. (ai) Each Credit Party will comply in all material respects with all Environmental Laws now or hereafter applicable to itsuch Credit Party and any real estate owned, operated or leased thereby as well as all contractual obligations and agreements with respect to environmental remediation or other environmental matters, matters and will 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. No Credit Party effect and will do anything or permit anything to be done that will subject any submit timely applications for renewal of the properties of any Credit Party to any remedial obligations under, or result in noncompliance with applicable such permits licenses 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 (but no more than once per calendar year so long as no Event of Default exists that is continuing), Company will provide at its own expense an environmental inspection of any of its and the other Credit Parties’ material real properties and audit of their environmental compliance procedures and practices, in each case from an engineering or consulting firm approved by Administrative Agentauthorizations. (bii) Company Each Credit Party will promptly furnish to Administrative the Term Lender Agent all written notices of violation, orders, claims, citations, complaints, penalty assessments, suits or other proceedings received by any such Credit PartyParty after the date hereof, or of which it has notice after the date hereof, pending or threatened against such Credit Party, the potential liability of which exceeds $1,000,000 or could cause a Material Adverse Change if resolved adversely against such Credit Party, by any Credit Party otherwise has notice, governmental authority with respect to any alleged violation of or non-compliance with any Environmental Laws, with respect to the properties Laws or operations of Company and its Subsidiaries, or with respect to any permits, licenses or authorizations in connection with the its ownership or use of such its properties or in connection with any such operationsthe operation of its business. (ciii) Company Each Credit Party will promptly furnish to Administrative the Term Lender Agent all requests for information, notices of claim, demand letters, letters and other notifications, notifications received after the date hereof by any such Credit Party in connection with the its ownership or use of any of its properties or the conduct of its business, relating to potential responsibility with respect to any investigation or clean-up of Hazardous Material at any location, the potential liability of which exceeds $1,000,000.

Appears in 1 contract

Samples: Term Loan Agreement (Eott Energy LLC)

Environmental Matters; Environmental Reviews. (a) Each Credit Party will comply in all material respects with all Environmental Laws now or hereafter applicable to it, as well as all contractual obligations such Credit Party and agreements with respect to environmental remediation or other environmental matters, and will shall obtain, at or prior to 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. No Each Credit Party will do anything or permit anything shall promptly take any and all actions necessary to be done that will subject (i) cure any material violation of the properties of any applicable Environmental Laws by such Credit Party or its Subsidiaries, and (ii) make an appropriate response to any remedial obligations under, Environmental Claim against such Credit Party 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 (but no more than once per calendar year so long as no Event of Default exists that is continuing), Company will provide at its own expense an environmental inspection of any of its Subsidiaries and the other Credit Parties’ discharge any material real properties and audit of their environmental compliance procedures and practices, in each case from an engineering or consulting firm approved by Administrative Agentobligations it may have to any Person thereunder. (b) Company will promptly furnish to Administrative Agent all written notices of violation, orders, claims, citations, complaints, penalty assessments, suits or other proceedings received by Company or any Credit Partyof its Subsidiaries, or of which any Credit Party otherwise it has notice, pending or threatened against Company, by any Governmental Authority with respect to any alleged material violation of or material non-compliance with any Environmental Laws, with respect to the properties Laws or operations of Company and its Subsidiaries, or with respect to any permits, licenses or authorizations in connection with the its ownership or use of such its properties or in connection the operation of its business. Company will promptly furnish to Administrative Agent copies of all environmental audits and reports with respect to material environmental matters at any such operationsproperty of Company or any of its Subsidiaries or which relate to any material environmental liabilities of Company or its Subsidiaries. (c) Company will promptly furnish to Administrative Agent all requests for information, notices of claim, demand letters, and other notifications, received by Company or any Credit Party of its Subsidiaries in connection with the its ownership or use of any of its properties or the conduct of its business, relating to potential responsibility with respect to any investigation or clean-up of Hazardous Material at any location. (d) Company will promptly furnish to Administrative Agent written notice describing in reasonable detail (1) any proposed acquisition of stock, assets, or property by Company or any of its Subsidiaries that could reasonably be expected to (A) expose Company or any of its Subsidiaries to, or result in, material Environmental Claims or (B) affect the ability of Company or any of its Subsidiaries to maintain in full force and effect all material Governmental Authorizations required under any Environmental Laws for their respective operations and (2) any proposed action to be taken by Company or any of its Subsidiaries to modify current operations in a manner that could reasonably be expected to subject Company or any of its Subsidiaries to any additional material obligations or requirements under any Environmental Laws.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Foothills Resources Inc)

Environmental Matters; Environmental Reviews. (a) Each Credit Party will comply in all material respects (i) Comply with all Environmental Laws now or hereafter applicable to it, such Person as well as all contractual obligations and agreements with respect to environmental remediation or other environmental matters, and will (ii) obtain, at or prior to the time required by applicable Environmental Laws, all environmental, health and safety material permits, licenses and other authorizations under applicable Environmental Laws necessary for its then current operations and will maintain such authorizations in full force and effect. No Credit Party will do anything , (iii) conduct any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or permit anything other action necessary to be done that will subject remove and clean up all Hazardous Materials at or from any of its properties, as may be required by, and in accordance with the properties of any Credit Party to any remedial obligations underrequirements of, 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 (but no more than once per calendar year so long as no Event of Default exists that is continuing), Company will provide at its own expense an environmental inspection of any of its and the other Credit Parties’ material real properties and audit of their environmental compliance procedures and practicesexcept, in each case from an engineering case, to the extent failure to do so could not reasonably be expected to have, individually or consulting firm approved by Administrative Agentin the aggregate, a Material Adverse Effect. (b) Company will promptly Promptly furnish to the Administrative Agent all written notices of violation, orders, claims, citations, complaints, penalty assessments, suits or other proceedings received by any Credit Partysuch Person, or of which any Credit Party otherwise it has notice, pending or threatened against such Person, the potential liability of which could reasonably be expected to have a Material Adverse Effect if resolved adversely against such Person, by any Governmental Authority with respect to any alleged violation of or non-compliance with any applicable Environmental Laws, with respect to the properties Laws or operations of Company and its Subsidiaries, or with respect to any permits, licenses or authorizations required under applicable Environmental Laws in connection with the its ownership or use of such its properties or in connection with any such operationsthe operation of its business. (c) Company will promptly Promptly furnish to Administrative Agent all written requests for information, notices of claim, demand letters, and other written notifications, received by any Credit Party such Person in connection with the its ownership or use of any of its properties or the conduct of its business, relating to potential responsibility with respect to any investigation or clean-up of Hazardous Material arising from its operations at any location, the potential liability of which could reasonably be expected to have a Material Adverse Effect if resolved adversely against such Person. (d) Provide such information and certifications which the Administrative Agent may reasonably request from time to time to evidence compliance with this Section 6.15.

Appears in 1 contract

Samples: Credit Agreement (American Midstream Partners, LP)

Environmental Matters; Environmental Reviews. (a) Each Credit Party will comply in all material respects with all Environmental Laws now or hereafter applicable to itsuch Person, as well as all contractual obligations and agreements with respect to environmental remediation or other environmental matters, and will 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 for those which if not obtained or maintained could not reasonably be expected to have a Material Adverse Effect. No Credit Party will do anything or permit anything to be done that which will subject any of the its properties of any Credit Party or Subsidiaries 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 (but no more than once per calendar year so long as no Event of Default exists that is continuing), Company will provide at its own expense an environmental inspection of any of its and the other Credit Parties’ material real properties and audit of their environmental compliance procedures and practices, in each case from an engineering or consulting firm approved by Administrative Agent. (b) Company Credit Parties will promptly furnish to Administrative Agent all written notices of violation, orders, claims, citations, complaints, penalty assessments, suits or other proceedings received by any Credit Party, or of which any Credit Party Parties otherwise has have notice, pending or threatened against any such Person by any Governmental Authority with respect to any alleged violation of or non-compliance with any Environmental Laws, with respect to the properties Laws or operations of Company and its Subsidiaries, or with respect to any permits, licenses or authorizations in connection with the such Person's ownership or use of such its properties or in connection with any such operationsthe operation of its business. (c) Company Credit Parties will promptly furnish to Administrative Agent all requests for information, notices of claim, demand letters, and other notifications, received by any Credit Party in connection with the Credit Parties' or their Subsidiaries' ownership or use of any of its their properties or the conduct of its business, relating to potential responsibility with respect to any investigation or clean-up of Hazardous Material at any location.

Appears in 1 contract

Samples: Loan and Security Agreement (Blonder Tongue Laboratories Inc)

Environmental Matters; Environmental Reviews. (a) Each Credit Party will comply Comply in all material respects with all Environmental Laws now or hereafter applicable to itsuch Loan Party and its properties and assets, as well as obtain all contractual obligations Permits and agreements with respect to environmental remediation or other environmental matters, and will obtain, at or prior to the time required by applicable Environmental Laws, all environmental, health and safety permits, licenses and other authorizations Authorizations necessary for its operations and will maintain all such authorizations Permits and Authorizations in full force and effect. No Credit Party will effect (in each case, except where the failure to do anything so could not reasonably be expected to have a Material Adverse Effect), and conduct any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or permit anything other action necessary to be done that will subject remove and clean up all Hazardous Materials from any of its properties, in accordance with the properties requirements of any Credit Party to any remedial obligations under, or result in noncompliance with applicable permits and licenses issued under, any all applicable Environmental Laws. Each Loan Party will promptly pay and discharge when due all material debts, assuming disclosure claims, liabilities and obligations with respect to the applicable governmental authorities of all relevant facts, conditions and circumstances. Upon Administrative Agent’s reasonable request, at any time and from time clean-up or remediation measures necessary to time (but no more than once per calendar year so long as no Event of Default exists that is continuing), Company will provide at its own expense an environmental inspection of any of its and the other Credit Parties’ material real properties and audit of their environmental compliance procedures and practicescomply with Environmental Laws unless, in each case from an engineering or consulting firm approved case, the same are being contested in good faith by Administrative Agentappropriate proceedings diligently conducted and adequate reserves required by GAAP are being maintained by the applicable Loan Party. (b) Company will promptly Promptly furnish to the Administrative Agent all written notices of violation, orders, claims, citations, complaints, penalty assessments, suits or other proceedings received by any Credit Loan Party, or of which any Credit Party otherwise it has notice, pending or threatened against any Loan Party, by any Governmental Authority with respect to any alleged violation of or non-compliance with any Environmental Laws, with respect to the properties Laws or operations of Company any Permits and its Subsidiaries, or with respect to any permits, licenses or authorizations Authorizations in connection with the its ownership or use of such its properties or the operation of its business that could be reasonably expected to result in connection with any such operationsa material liability. (c) Company will promptly Promptly furnish to the Administrative Agent all requests for information, notices of claim, demand letters, and other notifications, received by any Credit Loan Party in connection with the its ownership or use of any of its properties or the conduct of its business, relating to potential responsibility with respect to any investigation or investigation, clean-up of or exposure to Hazardous Material at any locationlocation that could be reasonably expected to result in a material liability.

Appears in 1 contract

Samples: Credit Agreement (Niska Gas Storage Partners LLC)

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Environmental Matters; Environmental Reviews. (a) Each Credit Party will, and will cause its Subsidiaries to, comply in all material respects with all Environmental Laws now or hereafter applicable to itsuch Person, as well as all contractual obligations and agreements with respect to environmental remediation or other environmental matters, and will 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 for those which if not obtained or maintained could not reasonably be expected to result in a Material Adverse Effect. No Credit Party will do anything or permit anything to be done that which will subject any of the its properties of any Credit Party or Subsidiaries 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 (but no more than once per calendar year so long as no Event of Default exists that is continuing), Company will provide at its own expense an environmental inspection of any of its and the other Credit Parties’ material real properties and audit of their environmental compliance procedures and practices, in each case from an engineering or consulting firm approved by Administrative Agent. (b) Company Credit Parties will promptly furnish to Administrative Agent Lender all written notices of violation, orders, claims, citations, complaints, penalty assessments, suits or other proceedings received by any Credit Party, or of which any Credit Party Parties otherwise has have notice, pending or threatened against any such Person by any Governmental Authority with respect to any alleged violation of or non-compliance with any Environmental Laws, with respect to the properties Laws or operations of Company and its Subsidiaries, or with respect to any permits, licenses or authorizations in connection with the such Person’s ownership or use of such its properties or in connection with any such operationsthe operation of its business. (c) Company Credit Parties will promptly furnish to Administrative Agent Lender all requests for information, notices of claim, demand letters, and other notifications, received by any Credit Party in connection with the Credit Parties’ or their Subsidiaries’ ownership or use of any of its their properties or the conduct of its business, relating to potential responsibility with respect to any investigation or clean-up of Hazardous Material at any location.

Appears in 1 contract

Samples: Loan and Security Agreement (Air Industries Group)

Environmental Matters; Environmental Reviews. (a) Each Credit Party will comply Comply in all material respects with all Environmental Laws now or hereafter applicable to it, such Loan Party as well as all contractual obligations and agreements with respect to environmental remediation or other environmental matters, Environmental Liabilities and will 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. No Credit Party will do anything , conduct any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or permit anything other action necessary to be done that will subject any of the properties of any Credit Party to any remedial obligations under, or result in noncompliance with applicable permits remove and licenses issued under, any applicable Environmental Laws, assuming disclosure to the applicable governmental authorities of clean up all relevant facts, conditions and circumstances. Upon Administrative Agent’s reasonable request, at any time and Hazardous Materials from time to time (but no more than once per calendar year so long as no Event of Default exists that is continuing), Company will provide at its own expense an environmental inspection of any of its properties, in accordance with the requirements of all Environmental Laws. Each Loan Party will promptly pay and the other Credit Parties’ material real properties discharge when due all debts, claims, liabilities and audit of their environmental compliance procedures and practicesobligations with respect to any clean-up or remediation measures necessary to comply with Environmental Laws unless, in each case from an engineering or consulting firm approved case, the same are being contested in good faith by Administrative Agentappropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the applicable Loan Party. (b) Company will promptly Promptly furnish to Administrative Agent all written notices of violation, orders, claims, citations, complaints, penalty assessments, suits or other proceedings received by any Credit Loan Party, or of which any Credit Party otherwise it has notice, pending or threatened against any Loan Party, the potential liability of which exceeds $20,000,000 or would have a Material Adverse Effect if resolved adversely against any Loan Party, by any Governmental Authority with respect to any alleged violation of or non-compliance with any Environmental Laws, with respect to the properties Laws or operations of Company and its Subsidiaries, or with respect to any permits, licenses or authorizations in connection with the its ownership or use of such its properties or in connection with any such operationsthe operation of its business. (c) Company will promptly Promptly furnish to Administrative Agent all requests for information, notices of claim, demand letters, and other notifications, received by any Credit Loan Party in connection with the its ownership or use of any of its properties or the conduct of its business, relating to potential responsibility with respect to any investigation or clean-up of Hazardous Material at any location, the potential liability of which exceeds $20,000,000 or would have a Material Adverse Effect if resolved adversely against any Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Pacific Energy Partners Lp)

Environmental Matters; Environmental Reviews. (a) Each Credit Party will comply Comply in all material respects with all Environmental Laws now or hereafter applicable to itsuch Loan Party and its properties and assets, as well as obtain all contractual obligations Permits and agreements with respect to environmental remediation or other environmental matters, and will obtain, at or prior to the time required by applicable Environmental Laws, all environmental, health and safety permits, licenses and other authorizations Authorizations necessary for its operations and will maintain all such authorizations Permits and Authorizations in full force and effect. No Credit Party will effect (in each case, except where the failure to do anything so could not reasonably be expected to have a Material Adverse Effect), and conduct any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or permit anything other action necessary to be done that will subject remove and clean up all Hazardous Materials from any of its properties, in accordance with the properties requirements of any Credit Party to any remedial obligations under, or result in noncompliance with applicable permits and licenses issued under, any all applicable Environmental Laws. Each Loan Party will promptly pay and discharge when due all material debts, assuming disclosure claims, liabilities and obligations with respect to the applicable governmental authorities of all relevant facts, conditions and circumstances. Upon Administrative Agent’s reasonable request, at any time and from time clean-up or remediation measures necessary to time (but no more than once per calendar year so long as no Event of Default exists that is continuing), Company will provide at its own expense an environmental inspection of any of its and the other Credit Parties’ material real properties and audit of their environmental compliance procedures and practicescomply with Environmental Laws unless, in each case from an engineering or consulting firm approved case, the same are being contested in good faith by Administrative Agentappropriate proceedings diligently conducted and adequate reserves required by GAAP are being maintained by the applicable Loan Party. (b) Company will promptly Promptly furnish to the Administrative Agent all written notices of violation, orders, claims, citations, complaints, penalty assessments, suits or other proceedings received by any Credit Loan Party, or of which any Credit Party otherwise it has notice, pending or threatened against any Loan Party, by any Governmental Authority with respect to any alleged violation of or non-non compliance with any Environmental Laws, with respect to the properties Laws or operations of Company any Permits and its Subsidiaries, or with respect to any permits, licenses or authorizations Authorizations in connection with the its ownership or use of such its properties or the operation of its business that could be reasonably expected to result in connection with any such operationsa material liability. (c) Company will promptly Promptly furnish to the Administrative Agent all requests for information, notices of claim, demand letters, and other notifications, received by any Credit Loan Party in connection with the its ownership or use of any of its properties or the conduct of its business, relating to potential responsibility with respect to any investigation or clean-investigation, clean up of or exposure to Hazardous Material at any locationlocation that could be reasonably expected to result in a material liability.

Appears in 1 contract

Samples: Credit Agreement (Niska Gas Storage Partners LLC)

Environmental Matters; Environmental Reviews. (a) Each Credit Party will comply Comply in all material respects with all Environmental Laws now or hereafter applicable to it, such Loan Party as well as all contractual obligations and agreements with respect to environmental remediation or other environmental matters, matters and will 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. No Credit Party will do anything , conduct any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or permit anything other action necessary to be done that will subject any of the properties of any Credit Party to any remedial obligations under, or result in noncompliance with applicable permits remove and licenses issued under, any applicable Environmental Laws, assuming disclosure to the applicable governmental authorities of clean up all relevant facts, conditions and circumstances. Upon Administrative Agent’s reasonable request, at any time and Hazardous Materials from time to time (but no more than once per calendar year so long as no Event of Default exists that is continuing), Company will provide at its own expense an environmental inspection of any of its properties, in accordance with the requirements of all Environmental Laws. Each Loan Party will promptly pay and the other Credit Parties’ material real properties discharge when due all debts, claims, liabilities and audit of their environmental compliance procedures and practicesobligations with respect to any clean-up or remediation measures necessary to comply with Environmental Laws unless, in each case from an engineering or consulting firm approved case, the same are being contested in good faith by Administrative Agentappropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the applicable Loan Party. (b) Company will promptly Promptly furnish to Administrative Agent all written notices of violation, orders, claims, citations, complaints, penalty assessments, suits or other proceedings received by any Credit Loan Party, or of which any Credit Party otherwise it has notice, pending or threatened against any Loan Party, the potential liability of which exceeds $500,000 or would have a Material Adverse Effect if resolved adversely against any Loan Party, by any Governmental Authority with respect to any alleged violation of or non-compliance with any Environmental Laws, with respect to the properties Laws or operations of Company and its Subsidiaries, or with respect to any permits, licenses or authorizations in connection with the its ownership or use of such its properties or in connection with any such operationsthe operation of its business. (c) Company will promptly Promptly furnish to Administrative Agent all requests for information, notices of claim, demand letters, and other notifications, received by any Credit Loan Party in connection with the its ownership or use of any of its properties or the conduct of its business, relating to potential responsibility with respect to any investigation or clean-up of Hazardous Material at any location, the potential liability of which exceeds $500,000 or would have a Material Adverse Effect if resolved adversely against any Loan Party.

Appears in 1 contract

Samples: Credit Agreement

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