ENVIRONMENTAL RESPONSE OBLIGATION Sample Clauses

ENVIRONMENTAL RESPONSE OBLIGATION. (a) Comply, and cause each Subsidiary to comply, with any Federal or state judicial or administrative order requiring the performance at any real property owned, operated or leased by the Company or any Subsidiary of activities in response to the release or threatened release of a Hazardous Material, except for the period of time that the Company or such Subsidiary is diligently in good faith contesting such order; (b) notify the Agent and each Bank within ten days of the receipt of any written claim, demand, proceeding, action or notice of liability by any Person arising out of or relating to the release or threatened release of a Hazardous Material; and (c) notify the Agent and each Bank within ten days of any release, threat of release, or disposal of Hazardous Material reported by the Company or any Subsidiary to any governmental or regulatory authority at any real property owned, operated, or leased by the Company or any Subsidiary.
AutoNDA by SimpleDocs
ENVIRONMENTAL RESPONSE OBLIGATION. (a) Comply, and cause each Subsidiary to comply, in all material respects with all applicable Environmental Laws, or judicial or administrative orders requiring the performance at any real property owned, operated, or leased by the Company or any subsidiary of activities in response to the release or threatened release of a Hazardous Material except for the period of time that the Company or such Subsidiary is diligently in good faith contesting such order; (b) notify the Bank within 30 days of the receipt of any written claim, demand, proceeding, action, or notice of liability by any Person arising out of or relating to the release or threatened release of a Hazardous Material; and (c) notify the Bank promptly, but in no event later than thirty (30) days, after the occurrence of any release, threat of release, or disposal of Hazardous Material reported to any governmental regulatory authority at any real property owned, operated, or leased by the Company or any Subsidiary.
ENVIRONMENTAL RESPONSE OBLIGATION. (a) Comply, and cause each Subsidiary to comply, with any applicable federal, State or provincial judicial or administrative order requiring the performance at any real property owned, operated or leased by the Company or any Subsidiary (or in which such Person has a direct or indirect interest) of activities in response to the release or threatened release of a Regulated Material, except for the period of time that the Company or such Subsidiary is diligently in good faith contesting such order; (b) notify the Administrative Agent within ten days of the receipt of any written claim, demand, proceeding, action or notice of liability by any Person arising out of or relating to the release or threatened release of a Regulated Material which is reasonably likely to give rise to cleanup or remediation liabilities under Environmental Laws; and (c) notify the Administrative Agent within ten days of any release, threat of release, or disposal of Regulated Material reported by the Company or any Subsidiary to any governmental or regulatory authority at any real property owned, operated, or leased by the Company or any Subsidiary which are reasonably likely to give rise to cleanup or remediation liabilities under Environmental Laws.
ENVIRONMENTAL RESPONSE OBLIGATION. (a) Comply, and cause each Restricted Subsidiary to comply, with any Federal or state judicial or administrative order requiring the performance at any real property owned, operated or leased by the Company or any Restricted Subsidiary of activities in response to the release or threatened release of a Hazardous Material, except for the period of time that the Company or such Restricted Subsidiary is diligently in good faith contesting such order; (b) notify the Agent within ten days of the receipt of any written claim, demand, proceeding, action or notice of liability by any Person arising out of or relating to the release or threatened release of a Hazardous Material, except with respect to any such release or threatened release with respect to which the amount for which the Company or any Restricted Subsidiary may be expected to be liable is less than $500,000; and (c) notify the Agent within ten days of any release, threat of release, or disposal of Hazardous Material reported by the Company or any Restricted Subsidiary to any governmental or regulatory authority at any real property owned, operated, or leased by the Company or any Restricted Subsidiary.
ENVIRONMENTAL RESPONSE OBLIGATION. (a) Comply, and cause each of its Subsidiaries to comply, with any valid Federal or state judicial or administrative order requiring the performance at any real property owned, operated, or leased by the Company or any of its Subsidiaries of activities in response to the release or threatened release of a Hazardous Material, except where such failure to comply could not reasonably be expected to materially and adversely affect either (i) the financial condition, operations, assets, business, properties or, to the knowledge of the Company, prospects of the Company and its Subsidiaries taken as a whole or (ii) the ability of the Company or any of its Subsidiaries to perform their obligations under the Loan Documents; (b) notify the Agent within ten days of the receipt of any written claim, demand, proceeding, Action, or notice of liability by any Person arising out of or relating to the release or threatened release of a Hazardous Material on, under or from any property owned, operated or leased by the Company or any of its Subsidiaries; and (c) notify the Agent within ten days of any release, threat of release, or disposal of Hazardous Material reported to any governmental regulatory authority at any real property owned, operated, or leased by the Company or any of its Subsidiaries.
ENVIRONMENTAL RESPONSE OBLIGATION. (a) Comply, and cause each Subsidiary to comply, in all material respects with any federal, provincial or state judicial or administrative order requiring the performance at any real property owned, operated or leased by Parent or any Subsidiary of activities in response to the release or threatened release of a Hazardous Material; (b) notify the U.S. Agent within ten days of the receipt of any written claim, demand, proceeding, action or notice of liability by any Person arising out of or relating to the release or threatened release of a Hazardous Material; and (c) notify the U.S. Agent within ten days of any release, threat of release, or disposal of Hazardous Material reported by Parent or any Subsidiary to any governmental or regulatory authority at any real property owned, operated, or leased by Parent or any Subsidiary.
ENVIRONMENTAL RESPONSE OBLIGATION. (a) Comply, and cause each Subsidiary to comply, in all material respects with any Federal, provincial or state judicial or administrative order requiring the performance at any real property owned, operated or leased by the Company or any Subsidiary of activities in response to the release or threatened release of a Hazardous Material; (b) notify the U.S. Agent within ten days of the receipt of any written claim, demand, proceeding, action or notice of liability by any Person arising out of or relating to the release or threatened release of a Hazardous Material; and (c) notify the U.S. Agent within ten days of any release, threat of release, or disposal of Hazardous Material reported by the Company or any Subsidiary to any governmental or regulatory authority at any real property owned, operated, or leased by the Company or any Subsidiary.
AutoNDA by SimpleDocs
ENVIRONMENTAL RESPONSE OBLIGATION. (a) If any material Release or Disposal of Hazardous Substances shall occur or shall have occurred on the Real Property or any other assets of the Company or any Subsidiary, cause the prompt containment and removal of such Hazardous Substances and remediation of the Real Property or other assets as necessary to comply in all material respects with all Environmental Laws (other than any Immaterial Law) and to preserve the value of the Real Property or other assets. Without limiting the generality of the foregoing, the Company will comply, and cause each Subsidiary to comply, in a reasonable and cost-effective manner with any valid Federal or state judicial or administrative order requiring the performance at any Real Property of activities in response to the release or threatened release of a Hazardous Substance except for the period of time that the Company or such Subsidiary is diligently and in good faith contesting such order. (b) Notify the Agent within ten days of the receipt of any written claim, demand, proceeding, action, or notice of liability or potential liability (other than an Immaterial Notice) by any Person arising out of or relating to the release or threatened release of a Hazardous Substance or failure to comply with any Environmental Law where any such claim, demand, proceeding, action, liability or failure to comply (i) singly might require expenditures in any three-year period of $300,000 or more by the Company and its Subsidiaries in penalties and/or for investigations, removal or remedial measures or (ii) singly or in the aggregate otherwise might reasonably be expected to have a material adverse effect on the business, assets or financial condition of the Company and its Subsidiaries on a consolidated basis. (c) Notify the Agent within ten days of any Release, threat of release, or Disposal of Hazardous Substance reported to any governmental regulatory authority at any Real Property. (d) To the extent that the transportation of hazardous waste as defined by RCRA is permitted by this Agreement, dispose, and cause its Subsidiaries to dispose, of such hazardous waste only at licensed disposal facilities operating, to the best of the Company's or such Subsidiary's knowledge after reasonable inquiry, in compliance with Environmental Laws.
ENVIRONMENTAL RESPONSE OBLIGATION. (a) Comply, and cause each Subsidiary to comply, in all material respects with any judicial or administrative order requiring the performance at any real property owned, operated or leased by the Borrower or any Subsidiary of activities in response to the release or threatened release of a Hazardous Material; (b) notify the Administrative Agent within ten Business Days of the receipt of any written claim, demand, proceeding, action or notice of liability by any Person arising out of or relating to the release or threatened release of a Hazardous Material; and (c) notify the Administrative Agent within ten Business Days of any release, threat of release, or disposal of a Hazardous Material reported by the Borrower or any Subsidiary to any governmental or regulatory authority at any real property owned, operated, or leased by the Borrower or any Subsidiary.
ENVIRONMENTAL RESPONSE OBLIGATION. (a) Comply, and cause each Subsidiary to comply, in a reasonable and cost-effective manner with any valid Federal, state or territory judicial or administrative order requiring the performance at any real property owned, operated or leased by the Company or any Subsidiary of activities in response to the release or threatened release of a Hazardous Material except for the period of time that the Company or such Subsidiary is diligently in good faith contesting such order; (b) notify the Agent within ten days of the receipt of any written claim, demand, proceeding, action or notice of liability by any Person arising out of or relating to the release or threatened release of a Hazardous Material, except with respect to any such release or threatened release which constitutes a Non-Reportable Environmental Event; and
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!