Notice of Violations of Law, Tax Assessments Sample Clauses

Notice of Violations of Law, Tax Assessments. Borrower will notify Bank in writing, promptly upon Borrower’s learning thereof, of any violation of any law, statute, regulation, rule or ordinance of any Governmental Authority, and of the imposition of any federal, state or local tax withholding or assessment, applicable to Borrower, the violation or imposition of which would have a Material Adverse Effect. Borrower will (i) provide Bank with copies of all communications between Borrower and any Governmental Authorities which relate to Environmental Activities, Environmental Requirements, or Hazardous Substances affecting Borrower; and (ii) notify Bank immediately after obtaining knowledge of the Release or alleged Release in a reportable quantity (as defined under applicable Environmental Law) of any Hazardous Substances on, in, under or affecting Borrower’s property or any surrounding area, and any noncompliance with any Environmental Requirement.
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Notice of Violations of Law, Tax Assessments. Borrower will notify Agent in writing, promptly upon Borrower’s learning thereof, of any violation of any law, statute, regulation, rule or ordinance of any Governmental Authority, and of the imposition of any federal, state or local Tax withholding or assessment, applicable to Borrower, the violation or imposition of which could reasonably be expected to have a Material Adverse Effect. Borrower will (i) provide Agent with copies of all material communications between Borrower and any Governmental Authorities which relate to Environmental Activities, Environmental Requirements, or Hazardous Substances affecting Borrower; and (ii) notify Agent promptly after obtaining knowledge of the Release or alleged Release in a reportable quantity (as defined under applicable Environmental Law) of any Hazardous Substances on, in, under or affecting Borrower’s property or any surrounding area, and any noncompliance with any Environmental Requirement.
Notice of Violations of Law, Tax Assessments. Each Borrower will notify Bank in writing, promptly upon either Borrower's learning thereof, of (i) any violation by either Borrower or any Guarantor Subsidiary of any law, statute, regulation, rule or ordinance of any govern- mental entity, or of any agency thereof, which violation could have a Material Adverse Effect, (ii) the nonpayment of any federal, state or local withholding tax applicable to either Borrower or any Guarantor Subsidiary to the extent the amount involved equals or exceeds One Hundred Thousand Dollars ($100,000), and (iii) any federal, state or local tax assessment applicable to either Borrower or any Guarantor Subsidiary to the extent such assessment equals or exceeds One Hundred Thousand Dollars ($100,000).
Notice of Violations of Law, Tax Assessments. Parent Guarantor or Borrower shall notify Agent in writing, promptly upon Parent Guarantor’s or Borrower’s, as the case may be, learning thereof, of any violation of any law, statute, regulation, rule or ordinance of any Governmental Authority, and of the imposition of any federal, state or local Tax withholding or assessment, applicable to any Credit Party, the violation or imposition of which could reasonably be expected to cause or have a Material Adverse Effect. Parent Guarantor or Borrower shall (i) provide Agent with copies of all written notices and other documents pertaining to any investigation or remediation involving any Credit Party and any Governmental Authorities which relate to Environmental Activities, Environmental Requirements, or Hazardous Substances affecting such Credit Party; and (ii) notify Agent promptly after obtaining knowledge of the Release or alleged Release in a reportable quantity (as defined under applicable Environmental Law) of any Hazardous Substances on, in, under or affecting such Credit Party’s property or any surrounding area, and any noncompliance with any Environmental Requirement which would reasonably be expected to cause or have a Material Adverse Effect.
Notice of Violations of Law, Tax Assessments. The Borrowing Agent will notify the Agent in writing, promptly following the Borrowers' learning thereof, of (i) any violation by a Borrower or any Subsidiary of a Borrower of any Law, the violation of which would reasonably be expected to have a Material Adverse Effect, (ii) the nonpayment when finally due of any federal tax applicable to a Borrower or any Subsidiary of a Borrower or any state or local withholding tax applicable to a Borrower or any Subsidiary of a Borrower in an amount in excess of One Hundred Thousand and 00/100 Dollars ($100,000.00), and (iii) any federal, state or local tax assessment applicable to a Borrower or any Subsidiary of a Borrower in an amount in excess of One Hundred Thousand and 00/100 Dollars ($100,000,000).
Notice of Violations of Law, Tax Assessments. Each Borrower will notify Xxxxxx in writing, promptly upon such Borrower's learning thereof, of any violation of any law, statute, regulation, rule or ordinance of any Governmental Authority, and of the imposition of any federal, state or local tax withholding or assessment, applicable to such Borrower, the violation or imposition of which would have a Material Adverse Effect. Each Borrower will (i) upon Xxxxxx'x request, provide Xxxxxx with copies of all communications between such Borrower and any Governmental Authorities which relate to violations of Environmental Law; and (ii) notify Xxxxxx promptly after confirming the Release of any Hazardous Substances on Borrower's property that would have a Material Adverse Effect.
Notice of Violations of Law, Tax Assessments. Each Borrower will notify Agent in writing, promptly upon such Borrower's learning thereof, of any violation of any law, statute, regulation, rule or ordinance of any Governmental Authority, and of the imposition of any federal, state or local tax withholding or assessment, applicable to such Borrower, the violation or imposition of which would have a Material Adverse Effect. Each Borrower will (i) provide Agent with copies of all communications between such Borrower and any Governmental Authorities which relate to violations of Environmental Law; and (ii) notify Agent promptly after confirming the Release of any Hazardous Substances on Borrower's property that would have a Material Adverse Effect.
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Notice of Violations of Law, Tax Assessments. Borrower will notify Bank in writing, promptly upon Borrower's learning thereof, of (i) any violation by Borrower of any law, statute, regulation, rule or ordinance of any governmental entity, or of any agency thereof, the violation of which may have a Material Adverse Effect, and (ii) any federal, state or local tax assessment of any failure by Borrower to pay when applicable to Borrower in excess of Twenty-Five Thousand Dollars ($25,000).

Related to Notice of Violations of Law, Tax Assessments

  • Notice of Violations of Law Prompt notice if the Parent, the Borrower, any Subsidiary or any other Loan Party shall receive any notification from any Governmental Authority alleging a violation of any Applicable Law or any inquiry which, in either case, could reasonably be expected to have a Material Adverse Effect;

  • Notice of Violations Manager shall forward to Owner promptly upon receipt all notices of violation or other notices from any governmental authority, and board of fire underwriters or any insurance company, and shall make such recommendations regarding compliance with such notice as shall be appropriate.

  • Labor Law Acknowledgement and Policy Statement In accepting the award of Performance Units, you expressly recognize that KBR, Inc., with registered offices at 000 Xxxxxxxxx Xxxxxx, Xxxxx 0000, Xxxxxxx, Xxxxx 00000, U.S.A., is solely responsible for the administration of the Plan and that your participation in the Plan and receipt of Performance Units does not constitute an employment relationship between you and KBR, Inc. since you are participating in the Plan on a wholly commercial basis and your sole employer is KBR in Mexico (“KBR-Mexico”), not KBR, Inc. in the U.S. Based on the foregoing, you expressly recognize that the Plan and the benefits that you may derive from participation in the Plan do not establish any rights between you and your Employer, KBR-Mexico, and do not form part of the employment conditions and/or benefits provided by KBR-Mexico and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of your employment. You further understand that your participation in the Plan is as a result of a unilateral and discretionary decision of KBR, Inc.; therefore, KBR, Inc. reserves the absolute right to amend and/or discontinue your participation at any time without any liability to you. Finally, you hereby declare that you do not reserve to yourself any action or right to bring any claim against KBR, Inc. for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and you therefore grant a full and broad release to KBR, Inc., its Subsidiary, affiliates, branches, representation offices, its shareholders, officers, agents or legal representatives with respect to any claim that may arise.

  • Compliance with Governmental Requirements Grantor shall comply promptly with all laws, ordinances, rules and regulations of all governmental authorities, now or hereafter in effect, applicable to the ownership, production, disposition, or use of the Collateral. Grantor may contest in good faith any such law, ordinance or regulation and withhold compliance during any proceeding, including appropriate appeals, so long as Lender's interest in the Collateral, in Lender's opinion, is not jeopardized.

  • Compliance with Legal Requirements; Governmental Authorizations (a) Except as set forth in Schedule 3.14:

  • Notices from Governmental Authority promptly, and in any event within 30 days of receipt thereof, copies of any notice to the Company or any Subsidiary from any Federal or state Governmental Authority relating to any order, ruling, statute or other law or regulation that could reasonably be expected to have a Material Adverse Effect; and

  • Governmental Filings; No Violations; Etc (a) Except for (i) compliance with, and filings under, the HSR Act, (ii) compliance with, and filings under, the Exchange Act and the Securities Act and the rules and regulations promulgated thereunder, including the filing with the SEC of the Schedule TO and, if the Shareholders Meeting is required pursuant to this Agreement, the Proxy Statement, (iii) compliance with state securities, takeover and “blue sky” Laws and the filing of documents with various state securities authorities that may be required in connection with the transactions contemplated hereby, including the filing by Merger Sub of the PA Takeover Notice accompanied by payment of the required filing fee, (iv) the filing with the Department of State of the Commonwealth of Pennsylvania the Articles of Merger, (v) compliance with the applicable requirements of the NYSE MKT, and (vi) compliance with the applicable requirements of any foreign antitrust laws (the items set forth above in clauses (i) through (vi), the “Parent Required Governmental Approvals”), no notices, reports or other filings are required to be made by Parent or Merger Sub with, nor are any consents, registrations, approvals or authorizations required to be obtained by Parent or Merger Sub from any Governmental Entity in connection with the execution, delivery and performance of this Agreement by Parent and Merger Sub or the consummation of the Offer, the Merger and the other transactions contemplated by this Agreement, except those that the failure to make or obtain, as the case may be, is not, individually or in the aggregate, reasonably likely to prevent, materially delay or materially impede the consummation of the Offer, the Merger or the other transactions contemplated by this Agreement.

  • No Governmental Actions No action or proceeding before any governmental authority shall have been instituted or threatened to restrain or prohibit the transactions contemplated by this Agreement, and the parties hereto shall have delivered to each other certificates dated as of the Closing Date and executed by such parties, staling that to their Best Knowledge, no such items exist. No governmental authority shall have taken any other action as a result of which the management of any of the parties, in its sole discretion, reasonably deems it inadvisable to proceed with the transactions contemplated by this Agreement.

  • COMPLIANCE WITH LEGAL REQUIREMENTS; GOVERNMENTAL AUTHORIZATIONS

  • Authority; Compliance With Other Agreements and Instruments and Government Regulations The execution and delivery by Borrower of the Loan Documents to which it is a Party and payment of the Obligations have been duly authorized by all necessary corporate or company action, as applicable, and do not and will not:

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