Common use of Notification of Environmental Claims Clause in Contracts

Notification of Environmental Claims. Borrower shall immediately advise Bank in writing of (i) any and all enforcement, cleanup, remedial, removal, or other governmental or regulatory actions instituted, completed or threatened pursuant to any applicable federal, state, or local laws, ordinances or regulations relating to any Hazardous Materials affecting Borrower's business operations; and (ii) all claims made or threatened by any third party against Borrower relating to damages, contribution, cost recovery, compensation, loss or injury resulting from any Hazardous Materials. Borrower shall immediately notify Bank of any remedial action taken by Borrower with respect to Borrower's business operations.

Appears in 9 contracts

Samples: Loan Agreement (Powercerv Corp), Loan Agreement (Accredo Health Inc), Loan Agreement (Frisby Technologies Inc)

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Notification of Environmental Claims. Borrower shall immediately advise Bank Lender in writing of (i) any and all material enforcement, cleanup, remedial, removal, or other governmental or regulatory actions instituted, completed completed, or threatened pursuant to any applicable federal, state, or local laws, ordinances or regulations relating to any Hazardous Materials affecting Borrower's business operations; and (ii) all material claims made or threatened by any third party against Borrower relating to damages, contribution, cost recovery, compensation, loss or injury resulting from any Hazardous Materials. Borrower shall immediately notify Bank Lender of any material remedial action taken by Borrower with respect to Borrower's business operations.

Appears in 2 contracts

Samples: Loan Agreement (MS Carriers Inc), Loan Agreement (Alexanders J Corp)

Notification of Environmental Claims. Borrower shall immediately advise Bank in writing of (i) any and all enforcement, cleanup, remedial, removal, or other governmental or regulatory actions instituted, completed or threatened pursuant to any applicable federal, state, or local laws, ordinances or regulations relating to any Hazardous Materials affecting Borrower's business operations; , and (ii) all claims made or threatened by any third party against Borrower relating to damages, contribution, cost recovery, compensation, loss or injury Injury resulting from any Hazardous Materials. Borrower shall immediately immediatelv notify Bank of any remedial action taken by Borrower with respect to Borrower's business operations.

Appears in 1 contract

Samples: Loan Agreement (Pec Solutions Inc)

Notification of Environmental Claims. Borrower shall immediately advise Bank Lender in writing of (i) any and all enforcement, cleanup, remedial, removal, or other governmental or regulatory actions instituted, completed completed, or threatened pursuant to any applicable federal, state, or local laws, ordinances or regulations relating to any Hazardous Materials affecting Borrower's business operations; and (ii) all claims made or threatened by any third party against Borrower relating to damages, contribution, cost recovery, compensation, loss or injury resulting from any Hazardous Materials. Borrower shall immediately notify Bank Lender of any remedial action taken by Borrower with respect to Borrower's business operations.

Appears in 1 contract

Samples: Loan Agreement (Volunteer Capital Corp / Tn /)

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Notification of Environmental Claims. Borrower shall immediately advise Bank in writing of (i) any and all enforcement, cleanup, remedial, removal, or other governmental or regulatory actions instituted, completed or threatened pursuant to any applicable federal, state, or local laws, ordinances or regulations relating to any Hazardous Materials affecting Borrower's business operations; and (ii) all claims made or threatened by any third party against Borrower relating to damages, contribution, cost recovery, compensation, loss or injury resulting from any Hazardous Materials. Borrower shall immediately notify Bank of any remedial action taken by Borrower with respect to Borrower's Borrowers business operations.

Appears in 1 contract

Samples: Restated Loan Agreement (Elcotel Inc)

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