Common use of Notice of Events Relating to Environmental Laws and Claims Clause in Contracts

Notice of Events Relating to Environmental Laws and Claims. Promptly after any officer of the Borrower obtains knowledge of any of the following, the Borrower will provide the Administrative Agent with written notice in reasonable detail of any of the following that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect: (i) any pending or threatened Environmental Claim against the Borrower, any of its Subsidiaries or any SPV or any property owned or operated by the Borrower, any of its Subsidiaries or any SPV; (ii) any condition or occurrence on any property owned or operated by the Borrower, any of its Subsidiaries or any SPV that results in noncompliance by the Borrower, any of its Subsidiaries or any SPV with any Environmental Law; and (iii) the taking of any material remedial action in response to the actual or alleged presence of any Hazardous Material on any property owned or operated by the Borrower, any of its Subsidiaries or any SPV other than in the ordinary course of business.

Notice of Events Relating to Environmental Laws and Claims. Promptly after any officer Authorized Officer of the Borrower obtains knowledge of any of the following, the Borrower will provide the Administrative Agent (who will in turn provide notice to the Lenders of) with written notice in reasonable detail of any of the following that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect: (i) any pending or threatened Environmental Claim against the Borrower, Borrower or any of its Subsidiaries or any SPV or any property owned or operated by the Borrower, Borrower or any of its Subsidiaries or any SPVSubsidiaries; (ii) any condition or occurrence on any property owned or operated by the Borrower, Borrower or any of its Subsidiaries or any SPV that results in noncompliance by the Borrower, Borrower or any of its Subsidiaries or any SPV with any Environmental Law; and (iii) the taking of any material remedial action in response to the actual or alleged presence of any Hazardous Material on any property owned or operated by the Borrower, Borrower or any of its Subsidiaries or any SPV other than in the ordinary course of business.

Notice of Events Relating to Environmental Laws and Claims. Promptly after any officer Authorized Officer of the Borrower obtains knowledge of any of the following, the Borrower will provide the Administrative Agent (who will in turn provide notice to the Lenders of) with written notice in reasonable detail of any of the following that, individually or in the aggregate, could would reasonably be expected to have a Material Adverse Effect: (i) any pending or threatened Environmental Claim against the Borrower, Borrower or any of its Subsidiaries or any SPV or any property owned or operated by the Borrower, Borrower or any of its Subsidiaries or any SPVSubsidiaries; (ii) any condition or occurrence on any property owned or operated by the Borrower, Borrower or any of its Subsidiaries or any SPV that results in noncompliance by the Borrower, Borrower or any of its Subsidiaries or any SPV with any Environmental Law; and (iii) the taking of any material remedial action in response to the actual or alleged presence of any Hazardous Material on any property owned or operated by the Borrower, Borrower or any of its Subsidiaries or any SPV other than in the ordinary course of business.