Common use of Environmental Matters; Environmental Reviews Clause in Contracts

Environmental Matters; Environmental Reviews. (a) 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 so as not 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, which could reasonably be expected to cause a Material Adverse Change, under, or result in noncompliance, which could reasonably be expected to cause a Material Adverse Change, 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 Lender’s reasonable request, 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 approved by Lender.

Appears in 3 contracts

Samples: Credit Agreement (Forbes Energy Services Ltd.), Credit Agreement (Forbes Energy Services LLC), Credit Agreement (Forbes Energy Services Ltd.)

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Environmental Matters; Environmental Reviews. (a) Each Restricted Person The Company will comply in all material respects with all Environmental Laws Legal Requirements now or hereafter applicable to such Restricted Personthe Company, 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 LawsLegal Requirements, all environmental, health and safety permits, licenses and other authorizations necessary for its operations and will maintain such authorizations in full force and effect so as effect, except where the failure to obtain such permits, licenses and authorizations would not to cause constitute a Material Adverse Change. No Restricted Person The Company will not do anything or permit anything to be done which that will subject any of its properties to any remedial obligations, which could reasonably be expected to cause a Material Adverse Change, obligations under, or result in noncompliance, which could reasonably be expected to cause a Material Adverse Change, noncompliance with applicable permits and licenses issued under, any applicable Environmental LawsLegal Requirements, assuming disclosure to the applicable governmental authorities of all relevant facts, conditions and circumstances. Upon Lender’s 's reasonable request, Borrower at any time and from time to time, the Company will provide at its own expense an environmental inspection of any of the Restricted Persons’ Company's material real properties and audit of their environmental compliance procedures and practices, in each case from an engineering or consulting firm approved by Lender.

Appears in 2 contracts

Samples: Loan Agreement (Iexalt Inc), Loan Agreement (Iexalt Inc)

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