Common use of Environmental Reporting Clause in Contracts

Environmental Reporting. Promptly, and in any event within 10 days of each occurrence, (i) notify the Agent of any proceeding or order before any Governmental Entity requiring the Borrower, Guarantor or their respective Subsidiaries to comply with or take action under any Environmental Laws where such compliance or action requires expenditures in the amount of Cdn. $500,000 or more, the violation thereof involves the possibility of the imposition of a fine or fines aggregating Cdn. $500,000 or more or the closing of any property referred to in Schedule 9 or 10 for a period in excess of 48 hours where such closure would have a Material Adverse Effect; and (ii) notify the Agent of any material occurrence relating to environmental matters that does not require notification under (i) above, together with each delivery of financial statements pursuant to Section 8.1(a). Such material occurrences shall include occurrences where any of the Borrower, Guarantor or their respective Subsidiaries (iii) receives a written notice or claim to the effect that the Borrower, Guarantor or any of their respective Subsidiaries is liable to any Person as a result of the Release or threatened Release of any Hazardous Substance into the environment in, on, under or adjacent to the Owned Properties or Leased Properties; (iv) receives any written notice that the Borrower, Guarantor or any of their respective Subsidiaries is subject to investigation by any Governmental Entity evaluating whether any Remedial Action is needed to respond to the Release or threatened Release of any Hazardous Substance into the environment in, on, under or adjacent to the Owned Properties or Leased Properties; (v) receives any written notice that all or any portion of the Owned Properties or Leased Properties is subject to an order or a Security Interest under or pursuant to any Environmental Law; (vi) receives any written notice of a condition with respect to the Owned Properties or Leased Properties which might reasonably result in a notice of violation by the Borrower, Guarantor or any of their respective Subsidiaries of any Environmental Law; (vii) receives any written notice of the commencement of any judicial or administrative proceeding alleging a violation by the Borrower, Guarantor or any of their Subsidiaries of any Environmental Law with respect to the Owned Properties or Leased Properties; or (viii) undertakes any activities as a result of new or proposed changes to any existing Environmental Law that could have a material adverse effect on the condition of the Borrower, Guarantor or any of their respective Subsidiaries.

Environmental Reporting. Promptly, and in any event within 10 days of each occurrence, (i) notify the Administrative Agent of any proceeding or order before any Governmental Entity requiring the Borrower, Guarantor Borrower or their respective Subsidiaries the Guarantors to comply with or take action under any Environmental Laws where such compliance and of any state or action requires affairs on the Owned Properties, Leased Properties or the Business which would reasonably be expected to give rise to a future Claim, and (x) requiring expenditures in the amount of Cdn. $500,000 2,000,000 or more, the (y) if any violation thereof involves the reasonable possibility of the imposition of a fine or fines aggregating Cdn. $500,000 or more more, or (z) the closing shutting down of any property material facility referred to in Schedule 9 7.01(j) or 10 7.01(k) for a period in excess of 48 hours where such closure would have a Material Adverse Effecthours; and (ii) notify the Administrative Agent and the Lenders, within 10 days therefrom, of any material other occurrence relating which would reasonably be expected to environmental matters that does not require notification under (i) abovehave a Material Adverse Effect, together with each delivery of financial statements pursuant to Section 8.1(a). Such material occurrences shall include occurrences where including the Borrower or any of the Borrower, Guarantor or their respective Subsidiaries its subsidiaries (iiiA) receives receiving a written notice or claim to the effect that the Borrower, Guarantor Borrower or any of their respective Subsidiaries is its subsidiaries are liable to any Person in a material amount as a result of the Release or threatened Release of any Hazardous Substance into the environment in, on, under or adjacent to the Owned Properties or Leased Properties; (ivB) receives receiving any written notice that the Borrower, Guarantor Borrower or any of their respective Subsidiaries its subsidiaries is subject to investigation by any Governmental Entity evaluating whether any Remedial Action is needed to respond to the Release or threatened Release of any Hazardous Substance into the environment environment, in, on, under or adjacent to the Owned Properties or the Leased Properties; (vC) receives receiving any written notice that all or any portion of the Owned Properties or the Leased Properties is subject to an order or a Security Interest under or pursuant to any Environmental Law; (viD) receives receiving any written notice of a material condition with respect to the Owned Properties or the Leased Properties which might reasonably result in a notice of violation by the Borrower, Guarantor or any of their respective Subsidiaries of any Environmental Law; (viiE) receives receiving any written notice of the commencement of any judicial or administrative proceeding alleging a violation by the Borrower, Guarantor or any of their Subsidiaries of any Environmental Law with respect to the Owned Properties or the Leased Properties; or (viiiF) undertakes undertaking any material activities as a result of new or proposed changes to any existing Environmental Law that could would reasonably be expected to have a material adverse effect on the condition of the Borrower, Guarantor or any of their respective SubsidiariesMaterial Adverse Effect.

Environmental Reporting. Promptly, and and, in any event event, within 10 ten (10) days of each occurrence, (i) notify the Administrative Agent of any proceeding or order orders before any Governmental Entity Government Authority requiring the Borrower, Guarantor or their respective Subsidiaries any LAC Party to comply with or take action under any Environmental Laws where such compliance or action requires which would reasonably be expected to result in (A) a future claim requiring expenditures in the amount of Cdn. $500,000 US$1,000,000 (or the equivalent amount in any other currency) or more, the violation thereof involves the possibility of (B) the imposition of a fine or fines aggregating Cdn. $500,000 or more US$1,000,000 (or the closing equivalent amount in any other currency) or more, or (C) the shutting down of any property referred to in Schedule 9 or 10 material facility for a period which would reasonably be expected to result in excess losses of 48 hours where such closure would have a Material Adverse EffectUS$1,000,000 (or the equivalent amount in any other currency) or more; and (ii) notify the Administrative Agent of any material occurrence relating which would reasonably be expected to environmental matters that does not require notification under (i) above, together with each delivery of financial statements pursuant to Section 8.1(a)cause or result in a Material Adverse Effect. Such material occurrences shall include occurrences where any of the Borrower, Guarantor or their respective Subsidiaries LAC Party (iii) receives a written notice or claim claim, which is not frivolous or vexatious, to the effect that the Borrower, Guarantor or any of their respective Subsidiaries LAC Party is liable to any Person in a material amount as a result of the Release or threatened Release of any Hazardous Substance into the environment in, on, under or adjacent to the Owned Properties or Leased PropertiesMaterial; (iv) receives any written notice that the Borrower, Guarantor or any of their respective Subsidiaries LAC Party is subject to investigation by any Governmental Entity Government Authority evaluating whether any Remedial Action remedial action is needed to respond to the Release or threatened Release of any Hazardous Substance into the environment in, on, under or adjacent Material where such response would reasonably be expected to the Owned Properties or Leased Propertieshave a Material Adverse Effect; (v) receives any written notice that all or any portion of the Owned Properties owned real Property or Leased Properties the leased real Property is subject to an a material order or a Security Interest Lien (other than Permitted Liens) under or pursuant to any Environmental LawLaw securing an amount in excess of US$1,000,000 (or the equivalent amount in any other currency); (vi) receives any written notice of a material condition with respect to any owned real Property or the Owned Properties or Leased Properties leased real Property which might reasonably result in a notice of a material violation by the Borrower, Guarantor or any of their respective Subsidiaries of any Environmental Law; (vii) receives any written notice of the commencement of any judicial or administrative proceeding alleging a material violation by the Borrower, Guarantor or any of their Subsidiaries of any Environmental Law with respect to any owned real Property or the Owned Properties or Leased Propertiesleased real Property; or (viii) undertakes any material activities as a result of new or proposed changes to any existing Environmental Law that could would have a material adverse effect on the condition of the Borrower, Guarantor or any of their respective SubsidiariesMaterial Adverse Effect.

Environmental Reporting. Promptly, and in any event within 10 days of each occurrence, (i) notify the Administrative Agent of any proceeding or order before any Governmental Entity requiring the Borrower, Guarantor Borrower or their respective any of its Subsidiaries to comply with or take action under any Environmental Laws where such compliance or action requires expenditures in the amount of Cdn. $500,000 or more, the violation thereof involves the possibility of the imposition of a fine or fines aggregating Cdn. $500,000 or more or the closing and of any property referred state or affairs on the Owned Properties, Leased Properties or its business which would reasonably be expected to in Schedule 9 or 10 for a period in excess of 48 hours where such closure would have a Material Adverse Effect; and (ii) notify the Administrative Agent and the Lenders, within 10 days therefrom, of any material other occurrence relating with respect to environmental matters that does not require notification under (i) above, together with each delivery of financial statements pursuant to Section 8.1(a). Such material occurrences shall include occurrences where Environmental Laws and involving the Borrower or any of its Subsidiaries which would reasonably be expected to have a Material Adverse Effect, including, provided that same would reasonably be expected to have a Material Adverse Effect, the Borrower, Guarantor Borrower or their respective any of its Subsidiaries (iiiA) receives receiving a written notice or claim to the effect that the Borrower, Guarantor Borrower or any of their respective its Subsidiaries is are liable to any Person in a material amount as a result of the Release or threatened Release of any Hazardous Substance into the environment in, on, under or adjacent to the Owned Properties or Leased Properties; (ivB) receives receiving any written notice that the Borrower, Guarantor Borrower or any of their respective its Subsidiaries is subject to investigation by any Governmental Entity evaluating whether any Remedial Action is needed to respond to the Release or threatened Release of any Hazardous Substance into the environment environment, in, on, under or adjacent to the Owned Properties or the Leased Properties; (vC) receives receiving any written notice that all or any portion of the Owned Properties or the Leased Properties is subject to an order or a Security Interest under or pursuant to any Environmental Law; (viD) receives receiving any written notice of a material condition with respect to the Owned Properties or the Leased Properties which might reasonably result in a notice of violation by the Borrower, Guarantor or any of their respective Subsidiaries of any Environmental Law; (viiE) receives receiving any written notice of the commencement of any judicial or administrative proceeding alleging a violation by the Borrower, Guarantor or any of their Subsidiaries of any Environmental Law with respect to the Owned Properties or the Leased Properties; or (viiiF) undertakes undertaking any material activities as a result of new or proposed changes to any existing Environmental Law that could would reasonably be expected to have a material adverse effect on the condition of the Borrower, Guarantor or any of their respective SubsidiariesMaterial Adverse Effect.