Common use of Notice of Violations of Law, Tax Assessments Clause in Contracts

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.

Appears in 2 contracts

Samples: Financing Agreement (EQM Technologies & Energy, Inc.), Financing Agreement (EQM Technologies & Energy, Inc.)

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Notice of Violations of Law, Tax Assessments. Borrower Borrowers will notify Bank in writing, promptly upon a Borrower’s '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 a Borrower, the violation or imposition of which would have a Material Adverse Effect. Borrower Borrowers will (i) provide Bank with copies of all communications between a Borrower and any Governmental Authorities which relate to Environmental Activities, Environmental Requirements, or Hazardous Substances affecting Borrower; a 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 Substance on, in, under or affecting a Borrower’s 's property or any surrounding area, and any noncompliance with any Environmental Requirement.

Appears in 1 contract

Samples: Financing Agreement (Fm Precision Golf Corp)

Notice of Violations of Law, Tax Assessments. Borrower Borrowers will notify Bank in writing, promptly upon any 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 any Borrower, the violation or imposition of which would could reasonably be expected to have a Material Adverse Effect. Borrower Borrowers will (i) provide Bank with copies of all material communications between any Borrower and any Governmental Authorities which relate to Environmental Activities, Environmental Requirements, or Hazardous Substances affecting any Borrower; and (ii) notify Bank immediately 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 any Borrower’s property or any surrounding area, and any noncompliance with any Environmental Requirement.

Appears in 1 contract

Samples: Loan Agreement (EQM Technologies & Energy, Inc.)

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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 could reasonably be expected to have a Material Adverse Effect. Borrower will (ia) 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 (iib) 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.

Appears in 1 contract

Samples: Financing Agreement (OVERSTOCK.COM, Inc)

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