Common use of Notice of Certain Releases, Remedial Actions, Etc Clause in Contracts

Notice of Certain Releases, Remedial Actions, Etc. Promptly upon the occurrence thereof, written notice describing in reasonable detail (a) any significant Release which is required to be reported to any Governmental Authority under any applicable Environmental Laws, (b) any remedial action taken by Borrower or any other Person in response to (1) any Hazardous Materials Activities the existence of which could reasonably be expected to result in one or more Environmental Claims having, individually or in the aggregate, a Material Adverse Effect, or (2) any Environmental Claims that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, (c) Borrower’s discovery of any occurrence or condition on any real property adjoining or in the vicinity of any Facility that could cause such Facility or any part thereof to be subject to any material restrictions on the ownership, occupancy, transferability or use thereof under any Environmental Laws and that could reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect, and (d) any investigation by any Governmental Authority or any litigation commenced, pending or threatened in writing against Borrower or any of its Subsidiaries that (1) alleges the violation of, and seeks remedies or threatens enforcement action in connection with, the FDCA, or any law, regulation, or order administered by the FDA or equivalent agency and, with respect to investigations (but not litigation), could reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect, or (2) seeks to suspend or revoke any material Required Permits or materially change the market classification of any Product or initiate a material Recall.

Appears in 1 contract

Samples: Credit Agreement (Thoratec Corp)

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Notice of Certain Releases, Remedial Actions, Etc. Promptly upon the occurrence thereof, written notice describing in reasonable detail (a) any significant Release which is required to be reported to any Governmental Authority federal, state or local governmental or regulatory agency under any applicable Environmental Laws, (b) any remedial action taken by Borrower Company or any other Person of which Company has knowledge in response to (1) any Hazardous Materials Activities the existence of which could reasonably be expected to result has a reasonable possibility of resulting in one or more Environmental Claims having, individually or in the aggregate, a Material Adverse Effect, or (2) any Environmental Claims that, individually or in the aggregate, could reasonably be expected to result have a reasonable possibility of resulting in a Material Adverse Effect, and (c) Borrower’s Company's discovery of any occurrence or condition on any real property adjoining or in the vicinity of any Facility that could cause such Facility or any part thereof to be subject to any material restrictions on the ownership, occupancy, transferability or use thereof under any Environmental Laws Laws. o WRITTEN COMMUNICATIONS REGARDING ENVIRONMENTAL CLAIMS, RELEASES, ETC. As soon as practicable following the sending or receipt thereof by Company or any of its Subsidiaries, a copy of any and that could reasonably be expected all written communications with respect to result in(a) any Environmental Claims that, individually or in the aggregate, have a reasonable possibility of giving rise to a Material Adverse Effect, (b) any Release required to be reported to any federal, state or local governmental or regulatory agency, and (dc) any investigation by request for information from any Governmental Authority or any litigation commenced, pending or threatened in writing against Borrower governmental agency that suggests such agency is investigating whether 119 Company or any of its Subsidiaries that (1) alleges the violation of, and seeks remedies or threatens enforcement action in connection with, the FDCA, or may be potentially responsible for any law, regulation, or order administered by the FDA or equivalent agency and, with respect to investigations (but not litigation), could reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect, or (2) seeks to suspend or revoke any material Required Permits or materially change the market classification of any Product or initiate a material RecallEnvironmental Claim.

Appears in 1 contract

Samples: Credit Agreement (Autotote Corp)

Notice of Certain Releases, Remedial Actions, Etc. Promptly upon the occurrence thereof, written notice describing Each Borrower shall promptly advise Administrative Agent and Lenders in writing and in reasonable detail of (ai) any significant Release which is required to be reported to any Governmental Authority under any applicable Environmental Laws, (bii) any and all written communications with respect to any Environmental Claims made to or on such Borrower or any of its Subsidiaries or Affiliates that could reasonably be expected to give rise to a Material Adverse Effect or with respect to any Release required to be reported to any Governmental Authority, (iii) any remedial action taken by such Borrower or any other Person in response to (1x) any Hazardous Materials Activities on, under or about any Facility, the existence of which could reasonably be expected to result in one or more give rise to an Environmental Claims having, individually or in the aggregate, Claim having a Material Adverse Effect, or (2y) any Environmental Claims that, individually Claim made to or in the aggregate, on such Borrower or any of its Subsidiaries or Affiliates that could reasonably be expected to result in have a Material Adverse Effect, (civ) such Borrower’s 's discovery of any occurrence or condition on any real property adjoining or in the vicinity of any Facility that could cause such Facility or any part thereof to be subject to any material restrictions on the ownership, occupancy, transferability or use thereof under any Environmental Laws and that could reasonably be expected to result in, individually or in the aggregate, a Material Adverse EffectLaws, and (dv) any investigation by request for information from any Governmental Authority or any litigation commenced, pending or threatened in writing against 119 that suggests such agency is investigating whether such Borrower or any of its Subsidiaries that (1) alleges the violation ofmay be potentially responsible for a Release, and seeks remedies or threatens enforcement action except for in connection with, the FDCA, or any law, regulation, or order administered by the FDA or equivalent agency and, with respect to investigations (but not litigation), could reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect, or (2) seeks to suspend or revoke any material Required Permits or materially change the market classification of any Product or initiate a material Recalleach case those matters set forth on SCHEDULE 5.13.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Goss Graphic Systems Inc)

Notice of Certain Releases, Remedial Actions, Etc. Promptly upon the occurrence thereof, written notice describing Each Borrower shall promptly advise Administrative Agent and Lenders in writing and in reasonable detail of (ai) any significant Release which is required to be reported to any Governmental Authority under any applicable Environmental Laws, (bii) any and all written communications with respect to any Environmental Claims made to or on such Borrower or any of its Subsidiaries or Affiliates that could reasonably be expected to give rise to a Material Adverse Effect or with respect to any Release required to be reported to any Governmental Authority, (iii) any remedial action taken by such Borrower or any other Person in response to (1x) any Hazardous Materials Activities on, under or about any Facility, the existence of which could reasonably be expected to result in one or more give rise to an Environmental Claims having, individually or in the aggregate, Claim having a Material Adverse Effect, or (2y) any Environmental Claims that, individually Claim made to or in the aggregate, on such Borrower or any of its Subsidiaries or Affiliates that could reasonably be expected to result in have a Material Adverse Effect, (civ) such Borrower’s 's discovery of any occurrence or condition on any real property adjoining or in the vicinity of any Facility that could cause such Facility or any part thereof to be subject to any material restrictions on the ownership, occupancy, transferability or use thereof under any Environmental Laws and that could reasonably be expected to result in, individually or in the aggregate, a Material Adverse EffectLaws, and (dv) any investigation by request for information from any Governmental Authority or any litigation commenced, pending or threatened in writing against that suggests such agency is investigating whether such Borrower or any of its Subsidiaries that (1) alleges the violation ofmay be potentially responsible for a Release, and seeks remedies or threatens enforcement action except for in connection with, the FDCA, or any law, regulation, or order administered by the FDA or equivalent agency and, with respect to investigations (but not litigation), could reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect, or (2) seeks to suspend or revoke any material Required Permits or materially change the market classification of any Product or initiate a material Recalleach case those matters set forth on SCHEDULE 5.13.

Appears in 1 contract

Samples: Credit Agreement (Goss Graphic Systems Inc)

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Notice of Certain Releases, Remedial Actions, Etc. Promptly upon the occurrence thereof, written notice describing Each -------------------------------------------------- Borrower shall promptly advise Administrative Agent and Lenders in writing and in reasonable detail of (ai) any significant Release which is required to be reported to any Governmental Authority under any applicable Environmental Laws, (bii) any and all written communications with respect to any Environmental Claims that could reasonably be expected to give rise to a Material Adverse Effect or with respect to any Release required to be reported to any Governmental Authority, (iii) any remedial action taken by such Borrower or any other Person in response to (1x) any Hazardous Materials Activities on, under or about any Facility, the existence of which could reasonably be expected to result in one or more give rise to an Environmental Claims having, individually or in the aggregate, Claim having a Material Adverse Effect, or (2y) any Environmental Claims that, individually or in the aggregate, Claim that could reasonably be expected to result in have a Material Adverse Effect, (civ) such Borrower’s 's discovery of any occurrence or condition on any real property adjoining or in the vicinity of any Facility that could cause such Facility or any part thereof to be subject to any material restrictions on the ownership, occupancy, transferability or use thereof under any Environmental Laws and that could reasonably be expected to result in, individually or in the aggregate, a Material Adverse EffectLaws, and (dv) any investigation by request for information from any Governmental Authority or any litigation commenced, pending or threatened in writing against that suggests such agency is investigating whether such Borrower or any of its Subsidiaries that (1) alleges the violation of, and seeks remedies or threatens enforcement action in connection with, the FDCA, or any law, regulation, or order administered by the FDA or equivalent agency and, with respect to investigations (but not litigation), could reasonably may be expected to result in, individually or in the aggregate, potentially responsible for a Material Adverse Effect, or (2) seeks to suspend or revoke any material Required Permits or materially change the market classification of any Product or initiate a material RecallRelease.

Appears in 1 contract

Samples: Credit Agreement (Goss Graphic Systems Inc)

Notice of Certain Releases, Remedial Actions, Etc. Promptly Each Borrower shall promptly upon the occurrence thereof, written notice describing thereof advise Administrative Agent and Lenders in writing and in reasonable detail of (ai) any significant Release which is required to be reported to any Governmental Authority under any applicable Environmental Laws, (bii) any Environmental Claims made to or on such Borrower or any of its Subsidiaries or Affiliates that could reasonably be expected to give rise to a Material Adverse Effect or with respect to any Release required to be reported to any Governmental Authority, (iii) any remedial action taken by such Borrower or any other Person in response to (1x) any Hazardous Materials Activities the existence of which could reasonably be expected to result in one or more give rise to an Environmental Claims having, individually or in the aggregate, Claim having a Material Adverse Effect, or (2y) any Environmental Claims that, individually Claim made to or in the aggregate, on such Borrower or any of its Subsidiaries or Affiliates that could reasonably be expected to result in have a Material Adverse Effect, (civ) such Borrower’s 's discovery of any occurrence or condition on any real property adjoining or in the vicinity of any Facility that could cause such Facility or any part thereof to be subject to any material restrictions on the ownership, occupancy, transferability or use thereof under any Environmental Laws and that could reasonably be expected to result in, individually or in the aggregate, a Material Adverse EffectLaws, and (dv) any investigation by request for information from any Governmental Authority or any litigation commenced, pending or threatened in writing against that suggests such agency is investigating whether such Borrower or any of its Subsidiaries that (1) alleges the violation ofmay be potentially responsible for a Release, and seeks remedies or threatens enforcement action except for in connection with, the FDCA, or any law, regulation, or order administered by the FDA or equivalent agency and, with respect to investigations (but not litigation), could reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect, or (2) seeks to suspend or revoke any material Required Permits or materially change the market classification of any Product or initiate a material Recalleach case those matters set forth on Schedule 5.13.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Goss Holdings Inc)

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