Environmental Lien definition

Environmental Lien means a lien in favor of any Governmental Authority for (a) any liability under Environmental, Health or Safety Requirements of Law, or (b) damages arising from, or costs incurred by such Governmental Authority in response to, a Release or threatened Release of a Contaminant into the environment.

Environmental Lien means any Lien in favor of any Governmental Authority for Environmental Liabilities.

Environmental Lien means any Lien in favor of any Governmental Authority for Environmental Liabilities and Costs.

Examples of Environmental Lien in a sentence

• The Parent Guarantor and the Borrower shall, and shall cause the Loan Parties and the other Subsidiaries to, promptly take all actions necessary to prevent the imposition of any Liens on any of their Borrowing Base Properties arising out of or related to any Environmental Laws (other than a Permitted Environmental Lien).

• Lender determines that any Environmental Liabilities and Costs or Environmental Lien with respect to Borrower will have a potentially adverse effect on the financial condition of Borrower or on the Collateral.

• The Borrower shall, and shall cause the Parent and the Subsidiaries to, take promptly all actions necessary to prevent the imposition of any Liens on any of their respective properties arising out of or related to any Environmental Laws other than a Permitted Environmental Lien on a property which is not an Unencumbered Pool Property.

• As of the date hereof, no Environmental Lien has attached to any property of the Borrower or any of its Material Subsidiaries.

• No Environmental Lien has attached to any property owned, leased or operated by the Company.

More Definitions of Environmental Lien

Environmental Lien means a Lien in favor of any Governmental Authority for any (i) liabilities under any Environmental, Health or Safety Requirement of Law, or (ii) damages arising from, or costs incurred by such Governmental Authority in response to, a Release or threatened Release of a Contaminant into the environment.

Environmental Lien means any Lien, whether recorded or unrecorded, in favor of any governmental entity, relating to any liability of the Company or any Subsidiary arising under any Environmental and Safety Requirements.

Environmental Lien means any Lien in favor of any Governmental Authority pursuant to any Environmental Law.

Environmental Lien means any Lien in favor of any Governmental Authority for Environmental Liabilities. “Equipment” means equipment (as that term is defined in the Code).

Environmental Lien means a Lien in favor of the United States government, or any state, or political subdivision, or any entity exercising executive, legislative, judicial, regulatory, or administrative functions of or pertaining to government for (a) any liability under federal or state environmental laws or regulations, or (b) for damages arising from or costs incurred by such governmental entity in response to a release of a hazardous or toxic waste substance or constituent, or other substance into the Environment.

Environmental Lien has the meaning set forth in Section 4.16 hereof.

Environmental Lien means any Lien in favor of any Governmental Authority arising out of any Environmental Liability.