Common use of Establishment of Procedures Clause in Contracts

Establishment of Procedures. The Issuer will establish and implement such procedures as may be reasonably necessary to continuously determine and assure that any failure of the following does not have a Material Adverse Effect: (i) all Property of the Issuer and the operations conducted thereon and other activities of the Issuer are in compliance with and do not violate the requirements of any Environmental Laws, (ii) no Hydrocarbons, hazardous substances or solid wastes are disposed of or otherwise released on or to any Property owned by any such party 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 2 contracts

Samples: Guaranty Note (Atlas America Inc), Guaranty Note (Atlas Pipeline Holdings, L.P.)

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Establishment of Procedures. The Issuer Lessee will and will cause each Subsidiary to establish and implement such procedures as may be reasonably necessary to continuously determine and assure that any failure of the following does not have a Material Adverse Effect: (iA) all Property of the Issuer Lessee and its Subsidiaries and the operations conducted thereon and other activities of the Issuer Lessee and its Subsidiaries are in compliance with and do not violate the requirements of any Environmental Laws, (iiB) no Hydrocarbonsoil, hazardous substances or solid wastes are disposed of or otherwise released on or to any Property owned by any such party except in compliance with Environmental Laws, (iiiC) 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 (ivD) 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: Participation Agreement (Universal Compression Inc)

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Establishment of Procedures. The Issuer will establish Establish and implement such procedures as may be reasonably necessary to continuously determine and assure that any failure of the following does not have a Material Adverse Effect: (i) all Property property of the Issuer Loan Parties and their Subsidiaries and the operations conducted thereon and other activities of the Issuer Loan Parties and their Subsidiaries are in compliance with and do not violate the requirements of any Environmental Laws, (ii) no Hydrocarbonsoil, hazardous substances or solid wastes are disposed of or otherwise released on or to any Property property owned by any such party except in compliance with Environmental Laws, (iii) no hazardous substance will be released on or to any such Property 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 property so as to pose an imminent and substantial endangerment to public health or welfare or the environment.

Appears in 1 contract

Samples: Investment Agreement (Minrad International, Inc.)

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