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 Company obtains knowledge of any of the following, the Company 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 Company, any of its Subsidiaries or any SPV or any property owned or operated by the Company, any of its Subsidiaries or any SPV; (ii) any condition or occurrence on any property owned or operated by the Company, any of its Subsidiaries or any SPV that results in noncompliance by the Company, 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 Company, 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 of the Company obtains actual knowledge of any of the following, the Company 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 Company, any of its Subsidiaries or any SPV or any property owned or operated by the Company, any of its Subsidiaries or any SPV; (ii) any condition or occurrence on any property owned or operated by the Company, any of its Subsidiaries or any SPV that results in noncompliance by the Company, 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 Company, 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 of the Company Borrower obtains knowledge of any of the following, the Company 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 CompanyBorrower, any of its Subsidiaries or any SPV or any property owned or operated by the CompanyBorrower, any of its Subsidiaries or any SPV; (ii) any condition or occurrence on any property owned or operated by the CompanyBorrower, any of its Subsidiaries or any SPV that results in noncompliance by the CompanyBorrower, 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 CompanyBorrower, any of its Subsidiaries or any SPV other than in the ordinary course of business.