Common use of Preparation of Environmental Reports Clause in Contracts

Preparation of Environmental Reports. If an Event of Default caused by reason of a breach of Section 3.16 or Section 5.10 shall have occurred and be continuing for more than 20 days without Holdings, the Borrower or any Subsidiary commencing activities reasonably likely to cure such Default, at the written request of the Required Lenders through the Administrative Agent, provide to the Lenders within 45 days after such request, at the reasonable expense of the Loan Parties, an environmental site assessment report regarding the matters that are the subject of such Event of Default prepared by an environmental consulting firm reasonably acceptable to the Administrative Agent and the Borrower and indicating the presence or absence of Hazardous Materials and the estimated cost of any compliance or remedial action in connection with such Event of Default.

Appears in 5 contracts

Samples: Credit Agreement (Blackline, Inc.), Credit Agreement (Blackline, Inc.), Credit Agreement (Blackline, Inc.)

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Preparation of Environmental Reports. If an Event of a Default caused by reason of a breach of Section 3.16 3.17 or Section 5.10 shall have occurred and be continuing for more than 20 days without Holdings, the Borrower or any Subsidiary commencing activities reasonably likely to cure remediate the condition giving rise to such Default, at the written request of the Required Lenders through the Administrative Agent, provide to the Lenders within 45 days after such request, at the reasonable expense of the Loan Parties, an environmental site assessment report regarding the matters that which are the subject of such Event of Default prepared by an environmental consulting firm reasonably acceptable to the Administrative Agent and the Borrower indicating compliance or non-compliance with Environmental Laws and indicating the presence or absence of Hazardous Materials and the estimated cost of any compliance corrective or remedial action in connection with such Event of Default.

Appears in 4 contracts

Samples: First Lien Credit Agreement (Forest Oil Corp), Second Lien Credit Agreement (Forest Oil Corp), Second Lien Credit Agreement (Pacific Energy Resources LTD)

Preparation of Environmental Reports. If an Event of a Default caused by reason of a breach of Section 3.16 3.17 or Section 5.10 shall have occurred and be continuing for more than 20 30 days without Holdings, the Borrower Borrowers or any Restricted Subsidiary commencing activities reasonably likely to cure such Default, at the written request of the Required Lenders through though the Administrative Agent, the Borrowers shall provide to the Lenders within 45 60 days after such request, at the reasonable expense of the Loan Parties, an environmental site assessment report regarding the matters that which are the subject of such Event of Default prepared by an environmental consulting firm reasonably acceptable to the Administrative Agent and the Borrower and indicating the presence or absence of whether Hazardous Materials are present in violation of Environmental Law, and the estimated cost of any compliance or remedial action in connection with such Event of Default.

Appears in 2 contracts

Samples: Incremental Assumption Agreement and Third Amendment to Third Amended and Restated Credit Agreement (Lindblad Expeditions Holdings, Inc.), Credit Agreement (Lindblad Expeditions Holdings, Inc.)

Preparation of Environmental Reports. If an Event of a Default caused by reason of a breach of Section 3.16 3.17 or Section 5.10 shall have occurred and be continuing for more than 20 days without Holdings, the Borrower or any Subsidiary TEP GP commencing activities reasonably likely to cure such Default, at the written request of the Required Lenders through the Administrative Agent, provide to the Lenders Administrative Agent within 45 days after such requestrequest (if such Default is then continuing), at the reasonable expense of the Loan PartiesBorrower, an environmental site assessment a report regarding the matters that which are the subject of such Event of Default prepared by an environmental consulting firm reasonably acceptable to the Administrative Agent and the Borrower and indicating the presence or absence of Hazardous Materials and the estimated cost of any compliance or remedial action in connection with such Event of Default.

Appears in 2 contracts

Samples: Credit Agreement (Tallgrass Energy GP, LP), Credit Agreement (Tallgrass Energy GP, LP)

Preparation of Environmental Reports. If an Event of a Default caused by reason of a breach of Section 3.16 3.17 or Section 5.10 shall have occurred and be continuing for more than 20 days without Holdings, the Borrower or any Subsidiary commencing activities reasonably likely to cure such Default, at the written request of the Required Lenders through the Administrative Agent, the Loan Parties shall provide to the Lenders within 45 days after such request, at the reasonable expense of the Loan Parties, an environmental site assessment report regarding the matters that which are the subject of such Event of Default prepared by an environmental consulting firm reasonably acceptable to the Administrative Agent and the Borrower and indicating the presence or absence of Hazardous Materials and the estimated cost of any compliance with, or response or remedial action under, Environmental Law in connection with such Event of Default.

Appears in 2 contracts

Samples: Credit Agreement (Fairway Group Holdings Corp), Credit Agreement (Fairway Group Holdings Corp)

Preparation of Environmental Reports. If an Event of a Default caused by reason of a breach of Section 3.16 3.17 or Section 5.10 shall have occurred and be continuing for more than 20 days without Holdings, Polo Holdings, the Borrower or any other Subsidiary commencing activities reasonably likely to cure such Default, at the written request of the Required Lenders through the Administrative Agent, provide to the Lenders within 45 days after such request, at the reasonable expense of the Loan Parties, an environmental site assessment report regarding the matters that which are the subject of such Event of Default prepared by an environmental consulting firm reasonably acceptable to the Administrative Agent and the Borrower and indicating the presence or absence of Hazardous Materials and the estimated cost of any compliance or remedial action in connection with such Event of Default.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Sunterra Corp), First Lien Credit Agreement (Sunterra Corp)

Preparation of Environmental Reports. If an Event of a Default caused by reason of a breach of Section 3.16 3.17 or Section 5.10 shall have occurred and be continuing for more than 20 30 days without Holdings, the Borrower or any Restricted Subsidiary commencing activities reasonably likely to cure such Default, at the written request of the Required Lenders through though the Administrative Agent, the Borrower shall provide to the Lenders within 45 60 days after such request, at the reasonable expense of the Loan Parties, an environmental site assessment report regarding the matters that which are the subject of such Event of Default prepared by an environmental consulting firm reasonably acceptable to the Administrative Agent and the Borrower and indicating the presence or absence of whether Hazardous Materials are present in violation of Environmental Law, and the estimated cost of any compliance or remedial action in connection with such Event of Default.

Appears in 1 contract

Samples: Revolving Credit Agreement (Lindblad Expeditions Holdings, Inc.)

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Preparation of Environmental Reports. If an Event of a Default caused by reason of a breach of Section 3.16 3.17 or Section 5.10 shall have occurred and be continuing for more than 20 days without Holdings, the Borrower or any Restricted Subsidiary commencing activities reasonably likely to cure such Default, at the written request of the Required Lenders through the Administrative Agent, provide to the Lenders within 45 days after such request, at the reasonable expense of the Loan Parties, an environmental site compliance audit or other assessment report regarding the matters that which are the subject of such Event of Default Default, prepared by an environmental consulting firm reasonably acceptable to the Administrative Agent and the Borrower and indicating the presence or absence of Hazardous Materials or other violations of Environmental Laws and the estimated cost of any compliance or remedial action in connection with such Event of Default.

Appears in 1 contract

Samples: Revolving Credit Agreement (Pacific Drilling S.A.)

Preparation of Environmental Reports. If an Event of a Default caused by reason of a breach of Section 3.16 or Section 5.10 5.11 shall have occurred and be continuing for more than 20 30 days without Holdings, the Borrower Borrower, any Subsidiary or any Subsidiary Affiliated Guarantor commencing activities reasonably likely to cure such Default, at the written request of the Required Lenders through the Administrative Agent, provide to the Lenders within 45 days after such request, at the reasonable expense of the Loan Parties, an environmental site assessment report regarding the matters that which are the subject of such Event of Default prepared by an environmental consulting firm reasonably acceptable to the Administrative Agent and the Borrower and indicating the presence or absence of Hazardous Materials and the estimated cost of any compliance or remedial action in connection with such Event of Default.

Appears in 1 contract

Samples: Senior Secured Debtor in Possession Credit Agreement (JMBS Casino LLC)

Preparation of Environmental Reports. If an Event of a Default caused by reason of a breach of Section 3.16 or Section 5.10 shall have occurred and be continuing for more than 20 30 days without Holdings, the Borrower Borrower, any Subsidiary or any Subsidiary Affiliated Guarantor commencing activities reasonably likely to cure such Default, at the written request of the Required Lenders through the Administrative Agent, provide to the Lenders within 45 days after such request, at the reasonable expense of the Loan Parties, an environmental site assessment report regarding the matters that which are the subject of such Event of Default prepared by an environmental consulting firm reasonably acceptable to the Administrative Agent and the Borrower and indicating the presence or absence of Hazardous Materials and the estimated cost of any compliance or remedial action in connection with such Event of Default.

Appears in 1 contract

Samples: Credit Agreement (St Louis Riverboat Entertainment Inc)

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