Common use of Establishment of Procedures Clause in Contracts

Establishment of Procedures. The Borrower will and will cause each Restricted Subsidiary to, establish and implement such procedures as may be reasonably necessary to determine and assure that any failure of the following does not have a Material Adverse Effect: (i) all Property of the Borrower, the Guarantors and the Restricted Subsidiaries, and the operations conducted thereon and other activities of the Borrower, the Guarantors and the Restricted Subsidiaries, are in compliance with and do not violate the requirements of any Environmental Laws, (ii) no oil, hazardous substances or solid wastes are disposed of or otherwise released on or to any Property owned by the Borrower, any Guarantor or any Restricted Subsidiary except in compliance with Environmental Laws, (iii) no hazardous substance will be released on or to any such Property in a quantity equal to or exceeding that quantity which requires reporting pursuant to Section 103 of CERCLA, and (iv) no oil, oil and gas exploration and production wastes or hazardous substance is released on or to any such Property so as to pose an imminent and substantial endangerment to public health or welfare or the environment.

Appears in 6 contracts

Samples: Credit Agreement (Buckeye Partners L P), Credit Agreement (Buckeye Partners L P), Credit Agreement (Buckeye Partners L P)

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Establishment of Procedures. The Borrower will and will cause each Restricted Subsidiary to, establish and implement such procedures as may be reasonably necessary to determine and assure that any failure of the following following, if applicable, does not have a Material Adverse Effect: (i) all Property of the Borrower, the Guarantors and the Restricted Subsidiaries, and the operations conducted thereon and other activities of the Borrower, the Guarantors and the Restricted Subsidiaries, are in compliance with and do not violate the requirements of any Environmental Laws, (ii) no oil, hazardous substances or solid wastes are disposed of or otherwise released on or to any Property owned by the Borrower, any Guarantor or any Restricted Subsidiary except in compliance with Environmental Laws, (iii) no hazardous substance will be released on or to any such Property in a quantity equal to or exceeding that quantity which requires reporting pursuant to Section 103 of CERCLA, and (iv) no oil, oil and gas exploration and production wastes or hazardous substance is released on or to any such Property so as to pose an imminent and substantial endangerment to public health or welfare or the environment.

Appears in 1 contract

Samples: Credit Agreement (Buckeye GP Holdings L.P.)

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Establishment of Procedures. The Each of the Borrower and Buckeye Partners will and will cause each Restricted Subsidiary Affiliate to, establish and implement such procedures as may be reasonably necessary to determine and assure that any failure of the following does not have a Material Adverse Effect: (i) all Property of the Borrower, the Guarantors and the Restricted SubsidiariesAffiliates, and the operations conducted thereon and other activities of the Borrower, the Guarantors and the Restricted SubsidiariesAffiliates, are in compliance with and do not violate the requirements of any Environmental Laws, (ii) no oil, hazardous substances or solid wastes are disposed of or otherwise released on or to any Property owned by the Borrower, any Guarantor or any Restricted Subsidiary Affiliate except in compliance with Environmental Laws, (iii) no hazardous substance will be released on or to any such Property in a quantity equal to or exceeding that quantity which requires reporting pursuant to Section 103 of CERCLA, and (iv) no oil, oil and gas exploration and production wastes or hazardous substance is released on or to any such Property so as to pose an imminent and substantial endangerment to public health or welfare or the environment.

Appears in 1 contract

Samples: Credit Agreement (Buckeye Partners L P)

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