IDENTIFIED ENVIRONMENTAL MATTERS Sample Clauses

IDENTIFIED ENVIRONMENTAL MATTERS. The Ferro Sellers will be solely responsible for any third party liability or legally required remediation of any Environmental Condition, in either case resulting from the Environmental Matters identified on Appendix O (collectively, the “Identified Environmental Matters”). Olympic Plastics hereby grants the Ferro Sellers a license to enter upon the Real Properties of the Specialty Plastics Business with reasonable prior notice for the purpose of carrying out and complete any such remediation. Olympic Plastics will also make available to the Ferro Sellers at cost such utilities at such sites as the Ferro Sellers may reasonably require in order to carry out such remediation. The Ferro Sellers will carry out and complete such remediation in accordance with applicable Environmental Laws and in such a way as to minimize any interference with the operations of the Specialty Plastics Business or any other business of Olympic Plastics or its successors. The Ferro Sellers will assure such plan or program for remediation corrects or ameliorates any Identified Environmental Matter consistent with the use of such Real Property on the Closing Date.
Sample 1
AutoNDA by SimpleDocs
IDENTIFIED ENVIRONMENTAL MATTERS. The following are the Identified Environmental Matters:
Sample 1
IDENTIFIED ENVIRONMENTAL MATTERS. Ferro will be solely responsible, and will indemnify Akzo Nobel China, for any action, condition, or event giving rise to an Environmental Loss with respect to the Environmental Matters identified on Appendix I (the "Identified Environmental Matters"). Execution Copy
Sample 1
IDENTIFIED ENVIRONMENTAL MATTERS. Ferro will be solely responsible, and will indemnify Akzo Nobel Korea, for any action, condition, or event giving rise to an Environmental Loss with respect to the Environmental Matters identified on Appendix I (the "Identified Environmental Matters").
Sample 1
IDENTIFIED ENVIRONMENTAL MATTERS. Subject to reasonable consultation with and information from Novolyte, Ferro will have authority for managing any necessary corrective action or remediation of any Environmental Condition resulting from the Environmental Matters identified on Appendix R-1 (collectively, the “Identified Environmental Matters”) and will be responsible for the cost of any such corrective action or remediation and any other costs or expenses incurred in connection with the Identified Environmental Matters. Novolyte hereby grants Ferro a limited license to enter upon the Baton Rouge Location of the Fine Chemicals Business for the limited purpose of carrying out any such corrective action or remediation pursuant to item 1 on Appendix R-1. Unless otherwise agreed upon by the parties (including on Appendix R-1) in writing, Novolyte will also make available to Ferro at actual cost, such utilities, materials, chemicals and labor at the Baton Rouge Location as Ferro may reasonably require in order to carry out such corrective action or remediation. Ferro agrees to carry out and complete any corrective action or remediation required to address the Identified Environmental Matters in accordance with applicable Environmental Laws or P.R.C. Environmental Laws, as the case may be, in effect at the time of such corrective action or remediation and in such a way as to minimize any interference with the operations of the Fine Chemicals Business or any other industrial fine chemicals business of Novolyte or its successors. Any such corrective action or remediation will be undertaken to correct or ameliorate any Identified Environmental Matter consistent with the use of such Real Property as an industrial site operating a fine chemicals business. Novolyte reserves all rights and remedies at law or in equity for any costs or expenses incurred by Novolyte to address any Environmental Condition arising post-Closing as a direct result of Ferro’s acts or omissions in undertaking the work required hereunder to address the Identified Environmental Matters.
Sample 1
IDENTIFIED ENVIRONMENTAL MATTERS. The Ferro Sellers will be solely responsible for any action, condition, or event giving rise to an Environmental Loss with respect to the Environmental Matters identified on Appendix Q (the "Identified Environmental Matters").
Sample 1

Related to IDENTIFIED ENVIRONMENTAL MATTERS

  • Certain Environmental Matters (i) The Company and its subsidiaries (x) are in compliance with all, and have not violated any, applicable federal, state, local and foreign laws (including common law), rules, regulations, requirements, decisions, judgments, decrees, orders and other legally enforceable requirements relating to pollution or the protection of human health or safety, the environment, natural resources, hazardous or toxic substances or wastes, pollutants or contaminants (collectively, “Environmental Laws”); (y) have received and are in compliance with all, and have not violated any, permits, licenses, certificates or other authorizations or approvals required of them under any Environmental Laws to conduct their respective businesses; and (z) have not received notice of any actual or potential liability or obligation under or relating to, or any actual or potential violation of, any Environmental Laws, including for the investigation or remediation of any disposal or release of hazardous or toxic substances or wastes, pollutants or contaminants, and have no knowledge of any event or condition that would reasonably be expected to result in any such notice, and (ii) there are no costs or liabilities associated with Environmental Laws of or relating to the Company or its subsidiaries, except in the case of each of (i) and (ii) above, for any such matter as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; and (iii) except as described in each of the Pricing Disclosure Package and the Prospectus, (x) there is no proceeding that is pending, or that is known to be contemplated, against the Company or any of its subsidiaries under any Environmental Laws in which a governmental entity is also a party, other than such proceeding regarding which it is reasonably believed no monetary sanctions of $100,000 or more will be imposed, (y) the Company and its subsidiaries are not aware of any facts or issues regarding compliance with Environmental Laws, or liabilities or other obligations under Environmental Laws or concerning hazardous or toxic substances or wastes, pollutants or contaminants, that could reasonably be expected to have a material effect on the capital expenditures, earnings or competitive position of the Company and its subsidiaries, and (z) none of the Company or its subsidiaries anticipates material capital expenditures relating to any Environmental Laws.

  • Environmental Matters Except as, in the aggregate, could not reasonably be expected to have a Material Adverse Effect:

  • Notice of Environmental Matters Promptly, but in any event within five (5) Business Days from the date Lessee has actual knowledge thereof, Lessee shall provide to Lessor written notice of any pending or threatened claim, action or proceeding involving any Environmental Law or any Release on or in connection with any Property or Properties. All such notices shall describe in reasonable detail the nature of the claim, action or proceeding and Lessee's proposed response thereto. In addition, Lessee shall provide to Lessor, within five (5) Business Days of receipt, copies of all material written communications with any Governmental Authority relating to any Environmental Law in connection with any Property. Lessee shall also promptly provide such detailed reports of any such material environmental claims as may reasonably be requested by Lessor.

  • Compliance with Laws; Environmental Matters (i) Except with respect to Environmental Laws, the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), taxes and regulatory compliance, which are the subjects of Sections 3.01(j)(ii), 3.01(l), 3.01(n) and 3.01(u), respectively, each of the Company and its Subsidiaries is in compliance with all Laws and Orders (collectively, “Legal Provisions”) applicable to it, its properties or other assets or its business or operations, except for failures to be in compliance that individually or in the aggregate have not had and would not reasonably be expected to have a Material Adverse Effect. Each of the Company and its Subsidiaries has in effect all approvals, authorizations, certificates, filings, franchises, licenses, notices and permits of or with all Governmental Entities (collectively, “Permits”), including all Permits under the Federal Food, Drug and Cosmetic Act of 1938, as amended (including the rules and regulations promulgated thereunder, the “FDCA”), necessary for it to own, lease or operate its properties and other assets and to carry on its business and operations as currently conducted, except where the failure to have such Permits individually or in the aggregate has not had and would not reasonably be expected to have a Material Adverse Effect. Since January 1, 2000, there has occurred no default under, or violation of, any such Permit, except for any such default or violation that individually or in the aggregate has not had and would not reasonably be expected to have a Material Adverse Effect. The consummation of the Merger, in and of itself, would not cause the revocation or cancelation of any such Permit that individually or in the aggregate would reasonably be expected to have a Material Adverse Effect.

  • Litigation and Environmental Matters (a) There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Borrower, threatened in writing against or affecting the Borrower or any of its Restricted Subsidiaries which would reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect.

  • Environmental Matters; Environmental Reviews (a) Each Restricted Person will comply in all material respects with all Environmental Laws now or hereafter applicable to such Restricted Person as well as all contractual obligations and agreements with respect to environmental remediation or other environmental matters and shall obtain, at or prior to the time required by applicable Environmental Laws, all environmental, health and safety permits, licenses and other authorizations necessary for its operations and will maintain such authorizations in full force and effect.

  • Environmental Matters; Reporting The Credit Parties will observe and comply with, all laws, rules, regulations and orders of any government or government agency relating to health, safety, pollution, hazardous materials or other environmental matters to the extent non-compliance could result in a material liability or otherwise have a material adverse effect on the Borrower and the Subsidiaries taken as a whole. The Borrower will give the Administrative Agent prompt written notice of any violation as to any environmental matter by any Credit Party and of the commencement of any judicial or administrative proceeding relating to health, safety or environmental matters (a) in which an adverse effect on any operating permits, air emission permits, water discharge permits, hazardous waste permits or other permits held by any Credit Party which are material to the operations of such Credit Party, or (b) which will or threatens to impose a material liability on such Credit Party to any Person or which will require a material expenditure by such Credit Party to cure any alleged problem or violation.

  • Compliance with Environmental Laws; Environmental Reports (a) Comply, and cause all lessees and other persons occupying Real Property owned, operated or leased by any Company to comply, in all material respects with all Environmental Laws and Environmental Permits applicable to its operations and Real Property; obtain and renew all material Environmental Permits applicable to its operations and Real Property; and conduct all Responses required by, and in accordance with, Environmental Laws; provided that no Company shall be required to undertake any Response to the extent that its obligation to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP.

  • Litigation, Environmental and Labor Matters (a) There are no actions, suits, proceedings or investigations by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Borrower, threatened against or affecting the Borrower or any of its Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect or (ii) that involve this Agreement or the Transactions.

  • Governmental Matters The filing or commencement of, or the threat in writing of, any action, suit, proceeding, investigation or arbitration by or before any arbitrator or Governmental Authority against or affecting Group Members thereof not previously disclosed in writing to the Lenders or any material adverse development in any action, suit, proceeding, investigation or arbitration (whether or not previously disclosed to the Lenders) that, in either case, if adversely determined, could reasonably be expected to result in a Material Adverse Effect;

Time is Money Join Law Insider Premium to draft better contracts faster.