Environmental Regulations. (a) Each Borrower shall and shall cause its Subsidiaries to comply in all material respects with all applicable Environmental Laws (as such term is defined in Section 3.15 hereof), in all jurisdictions in which any of them operates now or in the future, and each Borrower shall, and shall cause its Subsidiaries to comply in all material respects with all such laws and regulations that may in the future be applicable to such Borrower, its Subsidiaries, and their respective properties and assets. (b) If any Borrower or any of its Subsidiaries shall (i) receive notice that any material violation of any Environmental Law may have been committed by any Borrower or any of their respective Subsidiaries, (ii) receive notice that any administrative or judicial complaint or order has been filed against any Borrower or any of their respective Subsidiaries alleging a violation of any Environmental Law or requiring any Borrower to take any action in connection with the release of toxic or hazardous wastes or materials into the environment, or (iii) receive any notice from a federal, state, or local governmental agency alleging that any Borrower or any of their respective Subsidiaries may be liable or responsible for any costs associated with a response to or cleanup of a release of hazardous wastes or materials into the environment or any damages caused thereby, such Borrower shall provide the Agent with a copy of such notice within ten (10) days after such Borrower’s or its Subsidiary’s receipt thereof. Within fifteen (15) days after any Borrower has learned of the enactment or promulgation of any Environmental Law which may result in any material adverse change in the condition (financial or otherwise), properties, business or results of operations of the Borrowers and their respective Subsidiaries taken as a whole, such Borrower shall provide the Agent with notice thereof.
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Samples: Revolving Credit Agreement (Courier Corp), Revolving Credit Agreement (Courier Corp)
Environmental Regulations. (a) Each Borrower shall and shall cause its Subsidiaries to comply in all material respects with all applicable Environmental Laws (as such term is defined in Section 3.15 hereof), in all jurisdictions in which any of them operates now or in the future, and each Borrower shall, and shall cause its Subsidiaries to comply in all material respects with all such laws and regulations that may in the future be applicable to such Borrower, its Subsidiaries, and their respective properties and assets.the
(b) If any Borrower or any of its Subsidiaries shall (i) receive notice that any material violation of any Environmental Law may have been committed by any Borrower or any of their respective Subsidiaries, (ii) receive notice that any administrative or judicial complaint or order has been filed against any Borrower or any of their respective Subsidiaries alleging a violation of any Environmental Law or requiring any Borrower to take any action in connection with the release of toxic or hazardous wastes or materials into the environment, or (iii) receive any notice from a federal, state, or local governmental agency alleging that any Borrower or any of their respective Subsidiaries may be liable or responsible for any costs associated with a response to or cleanup of a release of hazardous wastes or materials into the environment or any damages caused thereby, such Borrower shall provide the Agent with a copy of such notice within ten (10) days after such Borrower’s 's or its Subsidiary’s 's receipt thereof. Within fifteen (15) days after any Borrower has learned of the enactment or promulgation of any Environmental Law which may result in any material adverse change in the condition (financial or otherwise), properties, business or results of operations of the Borrowers and their respective Subsidiaries taken as a whole, such Borrower shall provide the Agent with notice thereof.
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Environmental Regulations. (a) Each Borrower shall The Borrowers will, and shall will cause its Subsidiaries to their Subsidiaries, if any, to, comply in all material respects with all applicable Environmental Laws (as such term is defined in Section 3.15 hereof)laws and regulations relating to pollution control, hazardous materials and hazardous wastes in all jurisdictions in which any of them operates now or in the future, and each Borrower shallthe Borrowers will, and shall will cause its Subsidiaries to their Subsidiaries, if any, to, comply in all material respects with all such laws and regulations that may in the future be applicable to such Borrowerthe Business, its Subsidiariesthe Borrowers, the Subsidiaries and their respective properties and assets.
(b) If any Borrower or any of its Subsidiaries the Borrowers shall (i) receive notice that any material violation of any Environmental Law federal, state or local environmental law or regulation may have been committed or is about to be committed by any a Borrower or any of their respective its Subsidiaries, (ii) receive notice that any administrative or judicial complaint or order has been filed or is about to be filed against any a Borrower or any of their respective its Subsidiaries alleging a violation of any Environmental Law federal, state or local environmental law or regulation or requiring any a Borrower or such Subsidiary to take any action in connection with the release of toxic or hazardous wastes or materials into the environment, environment or (iii) receive any notice from a federal, state, or local governmental agency or private party alleging that any a Borrower or any of their respective its Subsidiaries may be liable or responsible for any costs associated with a response to or cleanup of a release of hazardous wastes or materials into the environment or any damages caused thereby, such Borrower the Borrowers shall provide the Agent with a copy of such notice within ten five (105) business days after such a Borrower’s or its Subsidiary’s 's receipt thereof. Within fifteen (15) business days after any a Borrower has learned of the enactment or promulgation of any Environmental Law federal, state or local environmental law/or regulation which may result in any material adverse change in the business, properties or condition (financial or otherwise), properties, business or results ) of operations any of the Borrowers, the Borrowers and their respective Subsidiaries taken as a whole, such Borrower shall provide the Agent with notice thereof.
(c) From and after the Agent's request, not later than thirty (30) days following the end of each calendar quarter, the Borrowers shall deliver to the Agent a written report, in a form and with such specificity as is satisfactory to the Agent, describing the Borrowers' actions taken during such calendar quarter to assure their compliance with this Section and all applicable environmental laws and regulations (including the receipt of any notice that any administrative or judicial complaint or order has been filed or is about to be filed against any of the Borrowers, regardless of whether such notice is required to be delivered by the Borrowers pursuant to subparagraph (b) above) as well as the status of any pending environmental matters described in Exhibit B attached hereto.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Allou Health & Beauty Care Inc)
Environmental Regulations. (a) Each Borrower shall The Borrowers will, and shall will cause its Subsidiaries to their Subsidiaries, if any, to, comply in all material respects with all applicable Environmental Laws (as such term is defined in Section 3.15 hereof)laws and regulations relating to pollution control, hazardous materials and hazardous wastes in all jurisdictions in which any of them operates now or in the future, and each Borrower shallthe Borrowers will, and shall will cause its Subsidiaries to their Subsidiaries, if any, to, comply in all material respects with all such laws and regulations that may in the future be applicable to such Borrowerthe Business, its Subsidiariesthe Borrowers, the Subsidiaries and their respective properties and assets.
(b) If any Borrower or any of its Subsidiaries the Borrowers shall (i) receive notice that any material violation of any Environmental Law federal, state or local environmental law or regulation may have been committed or is about to be committed by any a Borrower or any of their respective its Subsidiaries, (ii) receive notice that any administrative or judicial complaint or order has been filed or is about to be filed against any a Borrower or any of their respective its Subsidiaries alleging a violation of any Environmental Law federal, state or local environmental law or regulation or requiring any a Borrower or such Subsidiary to take any action in connection with the release of toxic or hazardous wastes or materials into the environment, environment or (iii) receive any notice from a federal, state, or local governmental agency or private party alleging that any a Borrower or any of their respective its Subsidiaries may be liable or responsible for any costs associated with a response to or cleanup of a release of hazardous wastes or materials into the environment or any damages caused thereby, such Borrower the Borrowers shall provide the Agent with a copy of such notice within ten five (105) business days after such a Borrower’s or its Subsidiary’s 's receipt thereof. Within fifteen (15) days after any Borrower has learned of the enactment or promulgation of any Environmental Law which may result in any material adverse change in the condition (financial or otherwise), properties, business or results of operations of the Borrowers and their respective Subsidiaries taken as a whole, such Borrower shall provide the Agent with notice thereof.fifteen
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Allou Health & Beauty Care Inc)
Environmental Regulations. (a) Each Borrower shall and shall cause its Subsidiaries to comply in all material respects with all applicable Environmental Laws (as such term is defined in Section 3.15 hereof), in all jurisdictions in which any of them operates now or in the future, and each Borrower shall, and shall cause its Subsidiaries to comply in all material respects with all such laws and regulations that may in the future be applicable to such Borrower, its Subsidiaries, and their respective properties and assets.
(b) If any Borrower or any of its Subsidiaries shall (i) receive notice that any material violation of any Environmental Law may have been committed by any Borrower or any of their respective Subsidiaries, (ii) receive notice that any administrative or judicial complaint or order has been filed against any Borrower or any of their respective Subsidiaries alleging a violation of any Environmental Law or requiring any Borrower to take any action in connection with the release of toxic or hazardous wastes or materials into the environment, or (iii) receive any notice from a federal, state, or local governmental agency Governmental Authority alleging that any Borrower or any of their respective Subsidiaries may be liable or responsible for any costs associated with a response to or cleanup of a release of hazardous wastes or materials into the environment or any damages caused thereby, such Borrower shall provide the Agent with a copy of such notice within ten (10) days after such Borrower’s or its Subsidiary’s receipt thereof. Within fifteen (15) days after any Borrower has learned of the enactment or promulgation of any Environmental Law which may result in any material adverse change in the condition (financial or otherwise), properties, business or results of operations of the Borrowers and their respective Subsidiaries taken as a wholeMaterial Adverse Effect, such Borrower shall provide the Agent with notice thereof.
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Environmental Regulations. (a) Each Borrower shall 6.13.1 The Borrowers will, and shall will cause its Subsidiaries to their Subsidiaries, if any, to, comply in all material respects with all applicable Environmental Laws (as such term is defined in Section 3.15 hereof)laws and regulations relating to pollution control, hazardous materials and hazardous wastes in all jurisdictions in which any of them operates now or in the future, and each Borrower shallthe Borrowers will, and shall will cause its Subsidiaries to their Subsidiaries, if any, to, comply in all material respects with all such laws and regulations that may in the future be applicable to such Borrowerthe Business, its Subsidiariesthe Borrowers, the Subsidiaries and their respective properties and assets.
(b) 6.13.2 If any Borrower or any of its Subsidiaries the Borrowers shall (i) receive notice that any material violation of any Environmental Law federal, state or local environmental law or regulation may have been committed or is about to be committed by any a Borrower or any of their respective its Subsidiaries, (ii) receive notice that any administrative or judicial complaint or order has been filed or is about to be filed against any a Borrower or any of their respective its Subsidiaries alleging a violation of any Environmental Law federal, state or local environmental law or regulation or requiring any a Borrower or such Subsidiary to take any action in connection with the release of toxic or hazardous wastes or materials into the environment, environment or (iii) receive any notice from a federal, state, or local governmental agency or private party alleging that any a Borrower or any of their respective its Subsidiaries may be liable or responsible for any costs associated with a response to or cleanup of a release of hazardous wastes or materials into the environment or any damages caused thereby, such Borrower the Borrowers shall provide the Agent Noteholders with a copy of such notice within ten five (105) business days after such a Borrower’s or its Subsidiary’s 's receipt thereof. Within fifteen (15) business days after any a Borrower has learned of the enactment or promulgation of any Environmental Law federal, state or local environmental law/or regulation which may result in any material adverse change in the business, properties or condition (financial or otherwise), properties, business or results ) of operations any of the Borrowers, the Borrowers and their respective Subsidiaries taken as a whole, such Borrower shall provide the Agent Noteholders with notice thereof.
6.13.3 From and after the Noteholders' request, not later than thirty (30) days following the end of each calendar quarter, the Borrowers shall deliver to the Noteholders a written report, in a form and with such specificity as is satisfactory to the Noteholders, describing the Borrowers' actions taken during such calendar quarter to assure their compliance with this Section 6.13 and all applicable environmental laws and regulations (including the receipt of any notice that any administrative or judicial complaint or order has been filed or is about to be filed against any of the Borrowers, regardless of whether such notice is required to be delivered by the Borrowers pursuant to Section 6.13.2 above) as well as the status of any pending environmental matters described in the schedules hereto.
Appears in 1 contract
Samples: 12% Senior Subordinated Note and Warrant Purchase Agreement (Allou Health & Beauty Care Inc)
Environmental Regulations. (a) Each The Borrower shall shall, and shall cause its Subsidiaries to to, comply in all material respects with all applicable Environmental Laws (as such term is defined in Section 3.15 hereof)laws and regulations relating to pollution control, hazardous materials and hazardous waste in all jurisdictions in which any of them operates now or in the future, and each the Borrower shall, and shall cause its Subsidiaries to to, comply in all material respects with all such laws and regulations that may in the future be applicable to such the Borrower, its Subsidiaries, Subsidiaries and their respective properties and assets.
(b) If any the Borrower or any of its Subsidiaries shall (i) receive notice that any material violation of any Environmental Law federal, state or local environmental law or regulation may have been committed or is about to be committed by any the Borrower or any of their respective its Subsidiaries, (ii) receive notice that any administrative or judicial complaint or order has been filed or is about to be filed against any the Borrower or any of their respective its Subsidiaries alleging a violation of any Environmental Law federal, state or local environmental law or regulation or requiring the Borrower or any Borrower of its Subsidiaries to take any action in connection with the release of toxic or hazardous wastes or materials into the environment, environment or (iii) receive any notice from a federal, state, or local governmental agency or private party alleging that any the Borrower or any of their respective its Subsidiaries may be liable or responsible for any costs associated with a response to or cleanup of a release of hazardous wastes or materials into the environment or any damages caused thereby, such the Borrower shall provide the Agent with a copy of such notice within ten five (105) days after such the Borrower’s 's receipt or its Subsidiary’s receipt the applicable Subsidiaries' thereof. Within fifteen (15) days after the Borrower or any Borrower of its Subsidiaries has learned of the enactment or promulgation of any Environmental Law federal, state or local environmental law or regulation which may result in any material adverse change in the business, properties or condition (financial or otherwise), properties, business or results ) of operations any of the Borrowers and their respective Subsidiaries taken as a wholeBorrower or any of its Subsidiaries, such the Borrower shall provide the Agent with notice thereof.
Appears in 1 contract
Samples: Loan Agreement (Safety 1st Inc)