Required Environmental Permits definition

Required Environmental Permits means all permits, licenses, bonds, consents, approvals or authorizations required under Environmental Laws to own, occupy or maintain the Real Property. Required Lenders shall mean

Required Environmental Permits means permits, licenses, bonds, consents, programs, approvals or authorizations required under Environmental Laws for the construction of the Project Improvements, or required to operate, maintain or use the Speedway or construct, maintain, operate or use any alterations or improvements, regardless of whether such Permits are required to be or have been obtained by the Authority or Bristol.

Required Environmental Permits has the meaning set out in Section 3(1)(y).

Examples of Required Environmental Permits in a sentence

• There are no pending or, to any Loan Party’s knowledge, threatened Environmental Complaints relating to any Loan Party or Subsidiary of any Loan Party or, to any Loan Party’s knowledge, any prior owner, operator or occupant of any of the Properties pertaining to, or arising out of, any Contamination or violations of Environmental Laws or Required Environmental Permits.

• There are no pending or, to any Loan Party's knowledge, threatened Environmental Complaints relating to any Loan Party or, to any Loan Party's knowledge, any prior owner, operator or occupant of any of the Properties pertaining to, or arising out of, any Contamination or violations of Environmental Laws or Required Environmental Permits which could reasonably be expected to constitute a Material Adverse Change.

• There are no pending or, to any Loan Party’s knowledge, threatened Environmental Complaints relating to any Loan Party or, to any Loan Party’s knowledge, any prior owner, operator or occupant of any of the Properties pertaining to, or arising out of, any Contamination or violations of Environmental Laws or Required Environmental Permits which could reasonably be expected to constitute a Material Adverse Change.

• Environmental Records shall mean all notices, reports, records, plans, applications, forms or other filings relating or pertaining to the Property, Contamination, the performance of a Remedial Action and the operations and business activities of the Loan Parties or any Subsidiaries of any Loan Party which pursuant to Environmental Laws, Required Environmental Permits or at the request or direction of an Official Body either must be submitted to an Official Body or which otherwise must be maintained.

• This Agreement and the rights and obligations of the parties hereunder shall in all respects be governed by, construed and enforced in accordance with the governing laws as set forth in the Credit Agreement; provided, however, that the applicable federal, state and local Environmental Laws of the jurisdiction in which the Property is situated shall govern the Loan Parties’ obligations with respect to compliance with Environmental Laws, and Required Environmental Permits.

More Definitions of Required Environmental Permits

Required Environmental Permits means all permits, licenses, bonds, consents, programs, approvals or authorizations required under Environmental Laws to own, occupy or maintain the Property or which otherwise are required by Environmental Law for the operations and business activities of the Loan Parties. Required Share shall have the meaning assigned to such term in Section 4.8 [Settlement Date Procedures]. Restricted Investment shall mean a Loan Party’s Investment that constitutes a Subsidiary Investment in any Non-Restricted Person. Restricted Payments shall mean

Required Environmental Permits means permits, licenses, bonds, consents, programs, approvals or authorizations required under Environmental Laws for the construction of the Stadium Project Improvements, or required by StadiumCo to conduct its operations, maintain or use the Stadium or construct, maintain, operate or use any alterations or improvements, regardless of whether such Permits are required to be or have been obtained by the Authority or StadiumCo.

Required Environmental Permits means all permits, licenses, bonds, consents, programs, approvals or authorizations required under Environmental Laws to own, occupy or maintain the Property or which otherwise are required for the operations and business activities of the Loan Parties and their Subsidiaries. Required Lenders shall mean Lenders (other than any Defaulting Lender) having more than 50% of the aggregate amount of the Revolving Credit Commitments of the Lenders (excluding any Defaulting Lender) or, after the termination of the Revolving Credit Commitments, the outstanding Revolving Credit Loans and Ratable Share of Letter of Credit Obligations of the Lenders (excluding any Defaulting Lender). Required Share shall have the meaning assigned to such term in Section 5.11 [Settlement Date Procedures].

Required Environmental Permits means all permits, licenses, bonds, consents, programs, approvals or authorizations required under Environmental Laws to own, occupy or maintain the Property or which otherwise are required for the operations and business activities of the Loan Parties and their Subsidiaries. Required Lenders shall mean Lenders (other than any Defaulting Lender) having more than 50% of the sum of (a) the aggregate amount of the Revolving Credit Commitments of the Lenders (excluding any Defaulting Lender) or, after the termination of the Revolving Credit Commitments, the outstanding Revolving Credit Loans and Ratable Share of Letter of Credit Obligations of the Lenders (excluding any Defaulting Lender), and (b) the aggregate outstanding amount of the Term Loans. Required Share shall have the meaning assigned to such term in Section 5.11 [Settlement Date Procedures].

Required Environmental Permits means all permits, licenses, bonds, consents, approvals or authorizations required under Environmental Laws to own, occupy or maintain the Property. Revolving Credit Base Rate Option shall mean the option of the Borrower to have Revolving Credit Loans bear interest at the rate and under the terms and conditions set forth in Section 4.1.1(i). Revolving Credit Commitment shall mean, as to any Lender at any time, the amount initially set forth opposite its name on Schedule 1.1(B) in the column labeled “Amount of Commitment for Revolving Credit Loans” and thereafter on Schedule I to the most recent Assignment and Assumption Agreement, and Revolving Credit Commitments shall mean the aggregate Revolving Credit Commitments of all of the Lenders. Revolving Credit Commitment Increase Date shall have the meaning assigned to that term in Section 2.10.1(ii).

Required Environmental Permits means all permits, licenses, ------------------------------ bonds, consents, programs, approvals or authorizations required under Environmental Law for the Borrower and/or each of its Subsidiaries to conduct its operations, maintain the Property or equipment thereon or construct, maintain, operate or occupy any improvements. Required Environmental Notices shall mean all notices, reports, ------------------------------ plans, forms or other filings which pursuant to Environmental Law, Required Environmental Permits or at the request or direction of an Official Body must be submitted to an Official Body or which otherwise must be maintained with respect to the Property, Contamination and the operations and activities of the Borrower and each of its Subsidiaries. Responsible Officer shall mean, with respect to any Loan Party, ------------------- the Chief Executive Officer, the Chief Financial Officer or the treasurer thereof. Restricted Indebtedness shall mean with respect to the Excluded ----------------------- Entities, Indebtedness secured by any Liens, other than Indebtedness not to exceed $250,000 in the aggregate for all Excluded Entities secured by Purchase Money Security Interests. Restricted Investments shall mean collectively the following with ---------------------- respect to the Excluded Entities: (i) investments or contributions by any of the Loan Parties directly or indirectly in or to the capital of or other payments to (except in connection with transactions for fair value in the ordinary course of business) an Excluded Entity, (ii) loans by any of the Loan Parties directly or indirectly to an Excluded Entity, (iii) guaranties by any of the Loan Parties directly or indirectly of the obligations of an Excluded Entity, or (iv) other obligations, contingent or otherwise, of any of the Loan Parties to or for the benefit of an Excluded Entity. If the nature of a Restricted Investment is tangible property then the amount of such Restricted Investment shall be determined by valuing such property at fair value in accordance with the past practice of the Loan Parties and such fair values shall be satisfactory to the Agents, in their sole discretion. Restricted Subsidiaries shall mean all Subsidiaries of the ----------------------- Borrower other than the Unrestricted Subsidiaries of the Borrower which as of the date of determination are Excluded Entities. Revolving Agent shall mean the administrative agent, its --------------- successors and assigns,...

Required Environmental Permits means Permits, licenses, bonds, consents, programs, approvals or authorizations required under Environmental Laws for the construction of the Ballpark and Appurtenant Area, or required by the Saints to conduct its operations or use the Ballpark and Appurtenant Area or construct, maintain, operate or use any Capital Improvements, Alterations, Building Enhancements or other improvements, regardless of whether such Permits are required to be or have been obtained by the City or the Saints.