Common use of Environmental Matters; Reporting Clause in Contracts

Environmental Matters; Reporting. The Borrower shall observe and comply with, and cause each Restricted 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 Borrower shall give the Bank prompt written notice of any violation as to any environmental matter by the Borrower or any Restricted 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 the Borrower or any Restricted Subsidiary that are material to the operations of the Borrower or such Restricted Subsidiary, or (b) that will or threatens to impose a material liability on the Borrower or such Restricted Subsidiary to any Person or that will require a material expenditure by the Borrower or such Restricted Subsidiary to cure any alleged problem or violation.

Appears in 3 contracts

Samples: Credit Agreement (Universal Electronics Inc), Credit Agreement (Universal Electronics Inc), Credit Agreement (Universal Electronics Inc)

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Environmental Matters; Reporting. The Borrower shall will observe and comply with, and cause each Restricted Subsidiary to observe and comply with, all laws, rules, regulations, regulations and orders of any government or government agency relating to health, safety, pollution, hazardous materials, materials or other environmental matters to the extent non-compliance noncompliance could result in a material liability or otherwise constitute have a Material Adverse Occurrencematerial adverse effect on the Borrower and the Subsidiaries taken as a whole. The Borrower shall will give the Bank prompt written notice of any violation as to any environmental matter by the Borrower or any Restricted Subsidiary and of the commencement of any judicial or administrative proceeding relating to health, safety, 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, permits or other permits held by the Borrower or any Restricted Subsidiary that which are material to the operations of the Borrower or such Restricted Subsidiary, or (b) that which will or threatens to impose a material liability on the Borrower or such Restricted Subsidiary to any Person or that which will require a material expenditure by the Borrower or such Restricted Subsidiary to cure any alleged problem or violation.

Appears in 1 contract

Samples: Credit Agreement (RTW Inc /Mn/)

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

Appears in 1 contract

Samples: Credit Agreement (Sunlink Health Systems Inc)

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Environmental Matters; Reporting. The Without in any way limiting the generality of Section 5.9, the Borrower shall will observe and comply with, and will cause each Restricted Subsidiary to observe and comply with, all laws, rules, regulations, regulations and orders of any government or government agency relating to health, safety, pollution, hazardous materials, materials or other environmental matters to the extent non-compliance noncompliance could result in a material liability or otherwise constitute have a Material Adverse Occurrencematerial adverse effect on the Borrower and the Subsidiaries taken as a whole. The Borrower shall will give the Bank prompt written notice of any violation as to any environmental matter by the Borrower or any Restricted Subsidiary and of the commencement of any judicial or administrative proceeding relating to health, safety, 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, permits or other permits held by the Borrower or any Restricted Subsidiary that which are material to the operations of the Borrower or such Restricted Subsidiary, or (b) that which will or threatens to impose a material liability on the Borrower or such Restricted Subsidiary to any Person or that which will require a material expenditure by the Borrower or such Restricted Subsidiary to cure any alleged problem or violation.

Appears in 1 contract

Samples: Credit Agreement (West Bancorporation Inc)

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