Common use of Environmental Review and Investigation, Disclosure, Etc Clause in Contracts

Environmental Review and Investigation, Disclosure, Etc. Company's Actions --------------------------------------------------------------------------- Regarding Hazardous Materials Activities, Environmental Claims and ------------------------------------------------------------------ Violations of Environmental Laws. ------------------ A. Environmental Review and Investigation. Company agrees that Administrative Agent may, from time to time and in its reasonable discretion, (i) retain, at Company's expense, an independent professional consultant to review any environmental audits, investigations, analyses and reports relating to Hazardous Materials prepared by or for Company, and (ii) conduct its own investigation of any Facility; provided that, in the case of any Facility no -------- longer owned, leased, operated or used by Company or any of its Subsidiaries, Company shall only be obligated to use all commercially reasonable efforts to obtain permission for Administrative Agent's professional consultant to conduct an investigation of such Facility. For purposes of conducting such a review and/or investigation, Company hereby grants to Administrative Agent and its agents, employees, consultants and contractors the right to enter into or onto any Facilities currently owned, leased, operated or used by Company or any of its Subsidiaries and to perform such tests on such property (including taking samples of soil, groundwater and suspected asbestos-containing materials) as are reasonably necessary in connection therewith. Any such review and/or investigation of any Facility shall be conducted, unless otherwise agreed to by Company and Administrative Agent, upon reasonable notice during normal business hours and, to the extent reasonably practicable, shall be conducted so as not to interfere with the ongoing operations at such Facility or to cause any damage or loss to any property at such Facility. Company and Administrative Agent hereby acknowledge and agree that any report of any investigation conducted at the request of Administrative Agent pursuant to this subsection 6.7A will be obtained and shall be used by Administrative Agent and Lenders for the purposes of Lenders' internal credit decisions, to monitor and police the Loans and to protect Lenders' security interests, if any, created by the Loan Documents. Administrative Agent agrees to deliver a copy of any such report to Company with the understanding that Company acknowledges and agrees that (x) it will indemnify and hold harmless Administrative Agent and each Lender from any costs, losses or liabilities relating to Company's use of or reliance on such report, (y) neither Administrative Agent nor any Lender makes any representation or warranty with respect to such report, and (z) by delivering such report to Company, neither Administrative Agent nor any Lender is requiring or recommending the implementation of any suggestions or recommendations contained in such report.

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

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Environmental Review and Investigation, Disclosure, Etc. Company's Borrowers' --- -------------------------------------------------------------------- Actions --------------------------------------------------------------------------- Regarding Hazardous Materials Activities, ,Environmental Claims --------------------------------------------------------------------- and ------------------------------------------------------------------ Violations of Environmental Laws. ------------------------------------------------------- A. Environmental Review and Investigation. Company agrees Borrowers agree that Administrative Agent may, from time to time and in its reasonable discretion, (i) retain, at Company's Borrowers' expense, an independent professional consultant to review any environmental audits, investigations, analyses and reports relating to Hazardous Materials in respect of the Site, the Project or the Phase I-A Project prepared by or for Company, Borrowers and (ii) conduct its their own investigation of any Facility; provided that, in the case of any Facility no -------- longer owned, leased, operated or used by Company Borrowers or any of its their Subsidiaries, Company Borrowers shall only be obligated to use all commercially reasonable their best efforts to obtain permission for Administrative Agent's professional consultant to conduct an investigation of such Facility. For purposes of conducting such a review and/or investigation, Company Borrowers hereby grants grant to Administrative Agent and its agents, employees, consultants and contractors the right to enter into or onto any Facilities currently owned, leased, operated or used by Company Borrowers or any of its their Subsidiaries and to perform such tests on such property (including taking samples of soil, groundwater and suspected asbestos-containing materials) as are reasonably necessary in connection therewith. Any such review and/or investigation of any Facility shall be conducted, unless otherwise agreed to by Company Borrowers and Administrative Agent, upon reasonable notice during normal business hours and, to the extent reasonably practicable, shall be conducted so as not to interfere with the ongoing operations at such Facility or to cause any damage or loss to any property at such Facility. Company Borrowers and Administrative Agent hereby acknowledge and agree that any report of any investigation conducted at the request of Administrative Agent pursuant to this subsection 6.7A will be obtained and shall be used by Administrative Agent and Lenders for the purposes of Lenders' internal credit decisions, to monitor and police the Loans and to protect Lenders' security interests, if any, created by the Loan Documents. Administrative Agent agrees to deliver a copy of any such report to Company Borrowers with the understanding that Company acknowledges Borrowers acknowledge and agrees agree that (x) it they will indemnify and hold harmless Administrative Agent and each Lender from any costs, losses or liabilities relating to Company's Borrowers' use of or reliance on such report, (y) neither Administrative Agent nor any Lender makes any representation or warranty with respect to such report, and (z) by delivering such report to CompanyBorrowers, neither Administrative Agent nor any Lender is requiring or recommending the implementation of any suggestions or recommendations contained in such report. B. Environmental Disclosure. Borrowers will deliver to Administrative Agent and Lenders:

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Inc)

Environmental Review and Investigation, Disclosure, Etc. Company's Actions Regarding --------------------------------------------------------------------------- Regarding Hazardous Materials Activities, Environmental Claims and ------------------------------------------------------------------ Violations of ---------------------------------------------------------------------- Environmental Laws. ------------------ A. Environmental Review and Investigation. Holdings and Company agrees agree that Administrative Agent may, from (i) at any time to time and a fact, event or condition arises that, in its Administrative Agent's reasonable discretion, (i) Administrative Agent determines could give rise to environmental liabilities that would materially adversely affect any material Facility, retain, at Company's expense, an independent professional consultant to review any environmental audits, investigations, analyses and reports relating to Hazardous Materials at such Facility prepared by or for Company, Company and (ii) in the event (a) Administrative Agent reasonably believes that Company or Holdings has breached any representation, warranty or covenant contained in subsection 5.6 (with respect to Environmental Claims or Environmental Laws), 5.13, 6.6 (with respect to Environmental Laws) or 6.7 in any material respect or that there has been a material violation of Environmental Laws at any Facility or by Holdings or any of its Subsidiaries at any other location conduct its own investigation of such breach or violation or (b) an Event of Default has occurred and is continuing, conduct its own investigation of any Facility; provided that, in the case of any -------- Facility no -------- longer owned, leased, operated or used by Company Holdings or any of its Subsidiaries, Company and Holdings shall only be obligated to use all commercially their reasonable best efforts to obtain permission for Administrative Agent's professional consultant to conduct an investigation of such Facility. For purposes of conducting such a review and/or investigationan investigation pursuant to clause (ii) of the preceding sentence, Company and Holdings hereby grants grant to Administrative Agent and its agents, employees, consultants and contractors the right to enter into or onto any Facilities currently owned, leased, operated or used by Company Holdings or any of its Subsidiaries and to perform such tests on such property (including taking samples of soil, groundwater and suspected asbestos-containing materials) as are reasonably necessary in connection therewiththerewith (to the extent, at any Facility leased by Holdings or any of its Subsidiaries, such actions are permitted by the owner of such Facility). Any such review and/or investigation of any Facility shall be conducted, unless otherwise agreed to by Company Holdings and Administrative Agent, upon reasonable notice during normal business hours and, to the extent reasonably practicable, shall be conducted so as not to interfere with the ongoing operations at such Facility or to cause any damage or loss to any property at such Facility. Holdings, Company and Administrative Agent hereby acknowledge and agree that any report of any investigation conducted at the request of Administrative Agent pursuant to this subsection 6.7A will be obtained and shall be used by Administrative Agent and Lenders for the purposes of Lenders' internal credit decisions, to monitor and police the Loans and to protect Lenders' security interests, if any, created by the Loan Documents. Administrative Agent agrees to deliver a copy of any such report to Company with the understanding that Company acknowledges and agrees Holdings acknowledge and agree that (x) it they will indemnify and hold harmless Administrative Agent and each Lender from any costs, losses or liabilities relating to Holdings' or Company's use of or reliance on such report, (y) neither Administrative Agent nor any Lender makes any representation or warranty with respect to such report, and (z) by delivering such report to Company, neither Administrative Agent nor any Lender is requiring or recommending the implementation of any suggestions or recommendations contained in such report.. 119 B. Environmental Disclosure. Company will deliver to Administrative Agent, with sufficient copies for each Lender (and Administrative Agent will, after receipt thereof, deliver to each Lender):

Appears in 1 contract

Samples: Credit Agreement (Anthony Crane Rental Lp)

Environmental Review and Investigation, Disclosure, Etc. Company's Actions --------------------------------------------------------------------------- Regarding Hazardous Materials ActivitiesCOMPANY'S ------------------------------------------------------------------- ACTIONS REGARDING HAZARDOUS MATERIALS ACTIVITIES, Environmental Claims and ------------------------------------------------------------------ Violations of Environmental LawsENVIRONMENTAL CLAIMS AND -------------------------------------------------------------------------- VIOLATIONS OF ENVIRONMENTAL LAWS. -------------------------------------------------- A. Environmental Review ENVIRONMENTAL REVIEW AND INVESTIGATION. Holdings and Investigation. Company agrees agree that Administrative Agent may, from (i) at any time to time and a fact, event or condition arises that, in its Administrative Agent's reasonable discretion, (i) Administrative Agent determines could give rise to environmental liabilities that would materially adversely affect any material Facility, retain, at Company's expense, an independent professional consultant to review any environmental audits, investigations, analyses and reports relating to Hazardous Materials at such Facility prepared by or for Company, Company and (ii) in the event (a) Administrative Agent reasonably believes that Company or Holdings has breached any representation, warranty or covenant contained in subsection 5.6 (with respect to Environmental Claims or Environmental Laws), 5.13, 6.6 (with respect to Environmental Laws) or 6.7 in any material respect or that there has been a material violation of Environmental Laws at any Facility or by Holdings or any of its Subsidiaries at any other location conduct its own investigation of such breach or violation or (b) an Event of Default has occurred and is continuing, conduct its own investigation of any Facility; provided that, in the case of any -------- Facility no -------- longer owned, leased, operated or used by Company Holdings or any of its Subsidiaries, Company and Holdings shall only be obligated to use all commercially their reasonable best efforts to obtain permission for Administrative Agent's professional consultant to conduct an investigation of such Facility. For purposes of conducting such a review and/or investigationan investigation pursuant to clause (ii) of the preceding sentence, Company and Holdings hereby grants grant to Administrative Agent and its agents, employees, consultants and contractors the right to enter into or onto any Facilities currently owned, leased, operated or used by Company Holdings or any of its Subsidiaries and to perform such tests on such property (including taking samples of soil, groundwater and suspected asbestos-containing materials) as are reasonably necessary in connection therewiththerewith (to the extent, at any Facility leased by Holdings or any of its Subsidiaries, such actions are permitted by the owner of such Facility). Any such review and/or investigation of any Facility shall be conducted, unless otherwise agreed to by Company Holdings and Administrative Agent, upon reasonable notice during normal business hours and, to the extent reasonably practicable, shall be conducted so as not to interfere with the ongoing operations at such Facility or to cause any damage or loss to any property at such Facility. Holdings, Company and Administrative Agent hereby acknowledge and agree that any report of any investigation conducted at the request of Administrative Agent pursuant to this subsection 6.7A will be obtained and shall be used by Administrative Agent and Lenders for the purposes of Lenders' internal credit decisions, to monitor and police the Loans and to protect Lenders' security interests, if any, created by the Loan Documents. Administrative Agent agrees to deliver a copy of any such report to Company with the understanding that Company acknowledges and agrees Holdings acknowledge and agree that (x) it they will indemnify and hold harmless Administrative Agent and each Lender from any costs, losses or liabilities relating to Holdings' or Company's use of or reliance on such report, (y) neither Administrative Agent nor any Lender makes any representation or warranty with respect to such report, and (z) by delivering such report to Company, neither Administrative Agent nor any Lender is requiring or recommending the implementation of any suggestions or recommendations contained in such report.

Appears in 1 contract

Samples: Credit Agreement (Anthony Crane Holdings Capital Corp)

Environmental Review and Investigation, Disclosure, Etc. Company's Actions --------------------------------------------------------------------------- Regarding Hazardous Materials ActivitiesACTIONS ----------------------------------------------------------------- REGARDING HAZARDOUS MATERIALS ACTIVITIES, Environmental Claims and ------------------------------------------------------------------ Violations of Environmental LawsENVIRONMENTAL CLAIMS AND ------------------------------------------------------------------- VIOLATIONS OF ENVIRONMENTAL LAWS. -------------------------------------------------- A. Environmental Review ENVIRONMENTAL REVIEW AND INVESTIGATION. Holdings and Investigation. Company agrees agree that Administrative Agent may, from (i) at any time to time and a fact, event or condition arises that, in its Administrative Agent's reasonable discretion, (i) Administrative Agent determines could give rise to environmental liabilities that would materially adversely affect any material Facility, retain, at Company's expense, an independent professional consultant to review any environmental audits, investigations, analyses and reports relating to Hazardous Materials at such Facility prepared by or for Company, Company and (ii) in the event (a) Administrative Agent reasonably believes that Company or Holdings has breached any representation, warranty or covenant contained in subsection 5.6 (with respect to Environmental Claims or Environmental Laws), 5.13, 6.6 (with respect to Environmental Laws) or 6.7 in any material respect or that there has been a material violation of Environmental Laws at any Facility or by Holdings or any of its Subsidiaries at any other location conduct its own investigation of such breach or violation or (b) an Event of Default has occurred and is continuing, conduct its own investigation of any Facility; provided that, in the case of any -------- Facility no -------- longer owned, leased, operated or used by Company Holdings or any of its Subsidiaries, Company and Holdings shall only be obligated to use all commercially their reasonable best efforts to obtain permission for Administrative Agent's professional consultant to conduct an investigation of such Facility. For purposes of conducting such a review and/or investigationan investigation pursuant to clause (ii) of the preceding sentence, Company and Holdings hereby grants grant to Administrative Agent and its agents, employees, consultants and contractors the right to enter into or onto any Facilities currently owned, leased, operated or used by Company Holdings or any of its Subsidiaries and to perform such tests on such property (including taking samples of soil, groundwater and suspected asbestos-containing materials) as are reasonably necessary in connection therewiththerewith (to the extent, at any Facility leased by Holdings or any of its Subsidiaries, such actions are permitted by the owner of such Facility). Any such review and/or investigation of any Facility shall be conducted, unless otherwise agreed to by Company Holdings and Administrative Agent, upon reasonable notice during normal business hours and, to the extent reasonably practicable, shall be conducted so as not to interfere with the ongoing operations at such Facility or to cause any damage or loss to any property at such Facility. Holdings, Company and Administrative Agent hereby acknowledge and agree that any report of any investigation conducted at the request of Administrative Agent pursuant to this subsection 6.7A will be obtained and shall be used by Administrative Agent and Lenders for the purposes of Lenders' internal credit decisions, to monitor and police the Loans and to protect Lenders' security interests, if any, created by the Loan Documents. Administrative Agent agrees to deliver a copy of any such report to Company with the understanding that Company acknowledges and agrees Holdings acknowledge and agree that (x) it they will indemnify and hold harmless Administrative Agent and each Lender from any costs, losses or liabilities relating to Holdings' or Company's use of or reliance on such report, (y) neither Administrative Agent nor any Lender makes any representation or warranty with respect to such report, and (z) by delivering such report to Company, neither Administrative Agent nor any Lender is requiring or recommending the implementation of any suggestions or recommendations contained in such report.. 105

Appears in 1 contract

Samples: Revolving Credit Agreement (Anthony Crane Holdings Capital Corp)

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Environmental Review and Investigation, Disclosure, Etc. Company's ------------------------------------------------------------------- Actions --------------------------------------------------------------------------- Regarding Hazardous Materials Activities, Environmental Claims and ------------------------------------------------------------------ ---------------------------------------------------------------------- Violations of Environmental Laws. ------------------ ---------------------------- A. Environmental Review and Investigation. Company agrees that Administrative Agent may, from time to time and in its reasonable discretion, (i) retain, at Company's expense, an independent professional consultant to review any environmental audits, investigations, analyses and reports relating to Hazardous Materials prepared by or for Company, and (ii) conduct its own investigation of any Facility; provided that, in the case of any Facility no -------- longer owned, leased, operated or used by Company or any of its Subsidiaries, Company shall only be obligated to use all commercially reasonable efforts to obtain permission for Administrative Agent's professional consultant to conduct an investigation of such Facility. For purposes of conducting such a review and/or investigation, Company hereby grants to Administrative Agent and its agents, employees, consultants and contractors the right to enter into or onto any Facilities currently owned, leased, operated or used by Company or any of its Subsidiaries and to perform such tests on such property (including taking samples of soil, groundwater and suspected asbestos-containing materials) as are reasonably necessary in connection therewith. Any such review and/or investigation of any Facility shall be conducted, unless otherwise agreed to by Company and Administrative Agent, upon reasonable notice during normal business hours and, to the extent reasonably practicable, shall be conducted so as not to interfere with the ongoing operations at such Facility or to cause any damage or loss to any property at such Facility. Company and Administrative Agent hereby acknowledge and agree that any report of any investigation conducted at the request of Administrative Agent pursuant to this subsection 6.7A will be obtained and shall be used by Administrative Agent and Lenders for the purposes of Lenders' internal credit decisions, to monitor and police the Loans and to protect Lenders' security interests, if any, created by the Loan Documents. Administrative Agent agrees to deliver a copy of any such report to Company with the understanding that Company acknowledges and agrees that (x) it will indemnify and hold harmless Administrative Agent and each Lender from any costs, losses or liabilities relating to Company's use of or reliance on such report, (y) neither Administrative Agent nor any Lender makes any representation or warranty with respect to such report, and (z) by delivering such report to Company, neither Administrative Agent nor any Lender is requiring or recommending the implementation of any suggestions or recommendations contained in such report.. B. Environmental Disclosure. Company will deliver to Administrative Agent and Lenders: (i)

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Environmental Review and Investigation, Disclosure, Etc. Company's Actions --------------------------------------------------------------------------- ----------------------------------------------------------------- Regarding Hazardous Materials Activities, Environmental Claims and ------------------------------------------------------------------ Violations of Environmental Laws. -------------------------------------------------- A. Environmental Review and Investigation. Holdings and Company agrees agree that Administrative Agent may, from (i) at any time to time and a fact, event or condition arises that, in its Administrative Agent's reasonable discretion, (i) Administrative Agent determines could give rise to environmental liabilities that would materially adversely affect any material Facility, retain, at Company's expense, an independent professional consultant to review any environmental audits, investigations, analyses and reports relating to Hazardous Materials at such Facility prepared by or for Company, Company and (ii) in the event (a) Administrative Agent reasonably believes that Company or Holdings has breached any representation, warranty or covenant contained in subsection 5.6 108 (with respect to Environmental Claims or Environmental Laws), 5.13, 6.6 (with respect to Environmental Laws) or 6.7 in any material respect or that there has been a material violation of Environmental Laws at any Facility or by Holdings or any of its Subsidiaries at any other location conduct its own investigation of such breach or violation or (b) an Event of Default has occurred and is continuing, conduct its own investigation of any Facility; provided that, in the case of any Facility no -------- longer owned, leased, operated or used by Company Holdings or any of its Subsidiaries, Company and Holdings shall only be obligated to use all commercially their reasonable best efforts to obtain permission for Administrative Agent's professional consultant to conduct an investigation of such Facility. For purposes of conducting such a review and/or investigationan investigation pursuant to clause (ii) of the preceding sentence, Company and Holdings hereby grants grant to Administrative Agent and its agents, employees, consultants and contractors the right to enter into or onto any Facilities currently owned, leased, operated or used by Company Holdings or any of its Subsidiaries and to perform such tests on such property (including taking samples of soil, groundwater and suspected asbestos-containing materials) as are reasonably necessary in connection therewiththerewith (to the extent, at any Facility leased by Holdings or any of its Subsidiaries, such actions are permitted by the owner of such Facility). Any such review and/or investigation of any Facility shall be conducted, unless otherwise agreed to by Company Holdings and Administrative Agent, upon reasonable notice during normal business hours and, to the extent reasonably practicable, shall be conducted so as not to interfere with the ongoing operations at such Facility or to cause any damage or loss to any property at such Facility. Holdings, Company and Administrative Agent hereby acknowledge and agree that any report of any investigation conducted at the request of Administrative Agent pursuant to this subsection 6.7A will be obtained and shall be used by Administrative Agent and Lenders for the purposes of Lenders' internal credit decisions, to monitor and police the Loans and to protect Lenders' security interests, if any, created by the Loan Documents. Administrative Agent agrees to deliver a copy of any such report to Company with the understanding that Company acknowledges and agrees Holdings acknowledge and agree that (x) it they will indemnify and hold harmless Administrative Agent and each Lender from any costs, losses or liabilities relating to Holdings' or Company's use of or reliance on such report, (y) neither Administrative Agent nor any Lender makes any representation or warranty with respect to such report, and (z) by delivering such report to Company, neither Administrative Agent nor any Lender is requiring or recommending the implementation of any suggestions or recommendations contained in such report. B. Environmental Disclosure. Company will deliver to Administrative Agent, with sufficient copies for each Lender (and Administrative Agent will, after receipt thereof, deliver to each Lender):

Appears in 1 contract

Samples: Credit Agreement (Anthony Crane Rental Holdings Lp)

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