Examples of Environmental Protection Statute in a sentence
Borrower agrees to indemnify and hold each Bank harmless from any and all violations by Borrower or any Subsidiary of any Environmental Protection Statute.
Borrower will not, and will not permit any other Person to violate an Environmental Protection Statute, except where such violation could not reasonably be expected to materially adversely impact the business, operations, properties or condition (financial or otherwise) of the Borrower and its Subsidiaries, taken as a whole, or the ability of the Borrower to repay the Loan or to observe and perform its obligations under the Loan Documents.
Borrower will not, and will not permit any other Person to violate an Environmental Protection Statute, except where such violation could not reasonably be expected to materially impact the future of the Borrower and its Subsidiaries, taken as a whole, or the ability of the Borrower to repay the Loan or to observe and perform its obligations under the Loan Documents.
Borrower shall, and shall cause each of its Subsidiaries to, promptly take any and all Remedial Actions required by any federal, state, or local governmental agency under any applicable Environmental Protection Statute; provided, however, that this Section 5.9 (c) shall not prevent Borrower and its Subsidiaries from in good faith contesting validity, application, or liability or negotiating remediation with regulatory agencies if appropriate reserves have been established to the extent required by GAAP.
No lien arising under or in connection with any Environmental Protection Statute has attached to any revenues or to any real or personal property owned by Borrower or any Subsidiary.