Common use of Environmental Matters; Reporting Clause in Contracts

Environmental Matters; Reporting. Each Borrower will observe and comply with, and will cause each Subsidiary to observe and comply with, all laws, rules, regulations and orders of any government or government agency relating to health, safety, pollution, hazardous materials or other environmental matters to the extent non-compliance could result in a Material Adverse Occurrence. The Borrowers’ Agent will give the Administrative Agent prompt written notice of any violation as to any environmental matter by any Borrower or any Subsidiary and of the commencement of any judicial or administrative proceeding relating to health, safety or environmental matters (a) in which an adverse determination or result could result in the revocation of or have a material adverse effect on any operating permits, air emission permits, water discharge permits, hazardous waste permits or other permits held by such Borrower or any Subsidiary which are material to the operations of such Borrower or any Subsidiary, or (b) which will or threatens to impose a material liability on such Borrower or any Subsidiary to any Person or which will require a material expenditure by such Borrower or any Subsidiary to cure any alleged problem or violation.

Appears in 1 contract

Samples: Credit Agreement (Cabelas Inc)

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Environmental Matters; Reporting. Each The Borrower will observe and comply with, and will cause each Subsidiary to observe and comply with, all laws, rules, regulations and orders of any government or government agency relating to health, safety, pollution, hazardous materials or other environmental matters to the extent non-non compliance could result in a material liability or otherwise constitute a Material Adverse Occurrence. The Borrowers’ Agent Borrower will give the Administrative Agent prompt written notice of any violation as to any environmental matter by any the Borrower or any Subsidiary and of the commencement of any judicial or administrative proceeding relating to health, safety or environmental matters (a) in which an adverse determination or result could result in the revocation of or have a material adverse effect on any operating permits, air emission permits, water discharge permits, hazardous waste permits or other permits held by such the Borrower or any Subsidiary which are material to the operations of such the Borrower or any such Subsidiary, or (b) which will or threatens to impose a material liability on such the Borrower or any such Subsidiary to any Person or which will require a material expenditure by such the Borrower or any such Subsidiary to cure any alleged problem or violation.

Appears in 1 contract

Samples: Loan Agreement (Vitesse Semiconductor Corp)

Environmental Matters; Reporting. Each The Borrower will observe and comply with, and will cause each Subsidiary to observe and comply with, all laws, rules, regulations and orders of any government or government agency relating to health, safety, pollution, hazardous materials or other environmental matters to the extent non-compliance could result in a material liability or otherwise constitute a Material Adverse Occurrence. The Borrowers’ Agent Borrower will give the Administrative Agent prompt written notice of any violation as to any environmental matter by any the Borrower or any Subsidiary and of the commencement of any judicial or administrative proceeding relating to health, safety or environmental matters (a) in which an adverse determination or result could result in the revocation of or have a material adverse effect on any operating permits, air emission permits, water discharge permits, hazardous waste permits or other permits held by such the Borrower or any Subsidiary which are material to the operations of such the Borrower or any such Subsidiary, or (b) which will or threatens to impose a material liability on such the Borrower or any such Subsidiary to any Person or which will require a material expenditure by such the Borrower or any such Subsidiary to cure any alleged problem or violation.

Appears in 1 contract

Samples: Credit Agreement (Matrix Bancorp Inc)

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Environmental Matters; Reporting. Each The Borrower will observe and comply with, and will cause each Subsidiary to observe and comply with, all laws, rules, regulations and orders of any government or government agency relating to health, safety, pollution, hazardous materials or other environmental matters to the extent non-non compliance could result in a material liability or otherwise constitute a Material Adverse Occurrence. The Borrowers’ Agent Borrower will give the Administrative Agent Bank prompt written notice of any violation as to any environmental matter by any the Borrower or any Subsidiary and of the commencement of any judicial or administrative proceeding relating to health, safety or environmental matters (a) in which an adverse determination or result could result in the revocation of or have a material adverse effect on any operating permits, air emission permits, water discharge permits, hazardous waste permits or other permits held by such the Borrower or any Subsidiary which are material to the operations of such the Borrower or any such Subsidiary, or (b) which will or threatens to impose a material liability on such the Borrower or any such Subsidiary to any Person or which will require a material expenditure by such the Borrower or any such Subsidiary to cure any alleged problem or violation.

Appears in 1 contract

Samples: Credit Agreement (Electromed, Inc.)

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