WITH RESPONSIBLE INSURANCE
COMPANIES SUCH INSURANCE ON ITS PROPERTIES AGAINST SUCH RISKS, INCLUDING PUBLIC
LIABILITY, PROPERTY DAMAGE AND WORKER'S COMPENSATION INSURANCE AS ARE USUALLY
INSURED AGAINST BY PERSONS ENGAGED IN THE SAME OR A SIMILAR BUSINESS AND
SIMILARLY SITUATED IN AT LEAST SUCH AMOUNTS AS SUCH INSURANCE IS USUALLY CARRIED
BY PERSONS ENGAGED IN THE SAME OR A SIMILAR BUSINESS AND SIMILARLY SITUATED.
SUCH POLICIES SHALL BE OWNED BY THE BORROWER AND SHALL NAME THE ADMINISTRATIVE
AGENT AND THE SECURITY AGENT AS ADDITIONAL INSUREDS AND THE ADMINISTRATIVE AGENT
AS LOSS PAYEE AN ALL PROPERTY (INCLUDING HULL) INSURANCE AND EACH OF SUCH
POLICIES SHALL CONTAIN A PROVISION PRECLUDING CANCELLATION WITHOUT A MINIMUM OF
THIRTY (30) DAYS' PRIOR WRITTEN NOTICE TO THE ADMINISTRATIVE AGENT AND THE
SECURITY AGENT OR, IF LESS, THE MAXIMUM PERIOD PROVIDED FOR THE GIVING OF SUCH
NOTICE BY THE INSURANCE CARRIER.
(B)
FILE WITH THE ADMINISTRATIVE AGENT UPON THE REQUEST OF THE
ADMINISTRATIVE AGENT A DETAILED LIST OF THE INSURANCE THEN IN EFFECT, STATING,
AS APPLICABLE, THE NAMES OF THE INSURANCE COMPANIES, THE AMOUNTS AND RATES OF
THE INSURANCE, DATES OF EXPIRATION THEREOF AND THE PROPERTIES AND RISKS COVERED
THEREBY.
SECTION 6.10.
COMPLIANCE WITH LAWS, ETC.
COMPLY IN ALL MATERIAL
RESPECTS WITH ALL REQUIREMENTS OF LAW AND ALL JUDGMENTS, RESTRICTIONS OR RULES
OF ANY GOVERNMENTAL AUTHORITY HAVING JURISDICTION OVER THE BORROWER OR ITS
SUBSIDIARIES OR ITS BUSINESS OR OPERATIONS.
WITHOUT LIMITING THE FOREGOING, THE
BORROWER AND ITS SUBSIDIARIES SHALL AT ALL TIMES CONDUCT THEIR BUSINESSES IN
FULL COMPLIANCE WITH ALL ENVIRONMENTAL LAWS IN ALL JURISDICTIONS IN WHICH ANY OF
THEM IS OR MAY AT ANY TIME BE DOING BUSINESS.
IF THE BORROWER OR ANY OF ITS
SUBSIDIARIES SHALL (A) RECEIVE NOTICE THAT ANY VIOLATION OF ANY ENVIRONMENTAL
LAW MAY HAVE BEEN COMMITTED OR IS ABOUT TO BE COMMITTED, (B) RECEIVE NOTICE THAT
ANY ADMINISTRATIVE OR JUDICIAL COMPLAINT OR ORDER HAS BEEN FILED OR IS ABOUT TO
BE FILED AGAINST THE BORROWER OR ANY OF ITS SUBSIDIARIES ALLEGING VIOLATIONS OF
ANY ENVIRONMENTAL LAW OR REQUIRING THE BORROWER OR ANY OF ITS SUBSIDIARIES TO
TAKE ANY ACTION IN CONNECTION WITH THE RELEASE OF HAZARDOUS SUBSTANCES OR
(C) RECEIVE ANY NOTICE OF ANY ENVIRONMENTAL CLAIM BEING ASSERTED AGAINST THE
BORROWER OR ANY OF ITS SUBSIDIARIES, THE BORROWER SHALL (I) PROVIDE THE
ADMINISTRATIVE AGENT WITH A COPY OF SUCH NOTICE WITHIN FIFTEEN (15) DAYS AFTER
THE RECEIPT THEREOF BY THE BORROWER OR ITS SUBSIDIARY, (II) AT THE
ADMINISTRATIVE AGENT'S REQUEST, PROVIDE THE ADMINISTRATIVE AGENT WITH ANY AND
ALL INFORMATION RELATING TO OR REGARDING SUCH ENVIRONMENTAL CLAIM, AND
(III) PROMPTLY TAKE ANY AND ALL ACTIONS AND STEPS NECESSARY TO DEFEND ANY
58
ENVIRONMENTAL CLAIM, OR REMEDY ANY CONDITION WHICH GAVE RISE TO SUCH
ENVIRONMENTAL CLAIM.
WITHIN FIFTEEN (15) DAYS AFTER THE BORROWER OR ANY OF ITS
SUBSIDIARIES LEARNS OF THE ENACTMENT OR PROMULGATION OF ANY ENVIRONMENTAL LAW
WHICH COULD REASONABLY BE EXPECTED TO HAVE A MATERIAL ADVERSE EFFECT ON SUCH
PERSON, THE BORROWER SHALL PROVIDE THE ADMINISTRATIVE AGENT WITH NOTICE
THEREOF.
THE