Environmental Releases. The Borrower agrees that upon the occurrence of an Environmental Release (except for any Environmental Release which (x) occurred in compliance with all Environmental Requirements and (y) could not reasonably be expected to have or cause a Material Adverse Effect), it will act immediately to investigate the extent of, and to take appropriate remedial action to eliminate, such Environmental Release, whether or not ordered or otherwise directed to do so by any Environmental Authority.
Appears in 7 contracts
Samples: Credit Agreement (Apple South Inc), Credit Agreement (Apple South Inc), Credit Agreement (Avado Brands Inc)
Environmental Releases. The Borrower agrees that upon the occurrence of an Environmental Release (except EXCEPT for any Environmental Release which (x) occurred in compliance with all Environmental Requirements and (y) could not reasonably be expected to have or cause a Material Adverse Effect), it will act immediately to investigate the extent of, and to take appropriate remedial action to eliminate, such Environmental Release, whether or not ordered or otherwise directed to do so by any Environmental Authority.
Appears in 1 contract
Samples: Credit Agreement (Avado Brands Inc)
