PAY ANY TAXES, INSURANCE PREMIUMS,
EXPENSES, ATTORNEYS' FEES OR OTHER AMOUNTS IT IS REQUIRED TO PAY UNDER ANY LOAN
DOCUMENT, AGENT MAY PAY THE SAME.
BORROWER SHALL IMMEDIATELY REIMBURSE AGENT
FOR ANY SUCH PAYMENTS AND EACH AMOUNT PAID BY AGENT SHALL CONSTITUTE AN
OBLIGATION OWED HEREUNDER WHICH IS DUE AND PAYABLE ON THE DATE SUCH AMOUNT IS
PAID BY AGENT.
48
SECTION 6.10.
INTEREST.
BORROWER HEREBY PROMISES TO
EACH LENDER PARTY TO PAY INTEREST AT THE DEFAULT RATE ON ALL OBLIGATIONS
(INCLUDING OBLIGATIONS TO PAY FEES OR TO REIMBURSE OR INDEMNIFY ANY LENDER)
WHICH BORROWER HAS IN THIS AGREEMENT PROMISED TO PAY TO SUCH LENDER PARTY AND
WHICH ARE NOT PAID WHEN DUE.
SUCH INTEREST SHALL ACCRUE FROM THE DATE SUCH
OBLIGATIONS BECOME DUE UNTIL THEY ARE PAID.
SECTION 6.11.
COMPLIANCE WITH LAW.
EACH RESTRICTED
PERSON WILL CONDUCT ITS BUSINESS AND AFFAIRS IN COMPLIANCE WITH ALL LAWS
APPLICABLE THERETO. EACH RESTRICTED PERSON WILL CAUSE ALL LICENSES AND PERMITS
NECESSARY OR APPROPRIATE FOR THE CONDUCT OF ITS BUSINESS AND THE OWNERSHIP AND
OPERATION OF ITS PROPERTY USED AND USEFUL IN THE CONDUCT OF ITS BUSINESS TO BE
AT ALL TIMES MAINTAINED IN GOOD STANDING AND IN FULL FORCE AND EFFECT, EXCEPT AS
COULD REASONABLY BE EXPECTED TO CAUSE A MATERIAL ADVERSE CHANGE.
SECTION 6.12.
ENVIRONMENTAL MATTERS; ENVIRONMENTAL
REVIEWS.
(A)
EACH RESTRICTED PERSON WILL COMPLY WITH ALL
ENVIRONMENTAL LAWS NOW OR HEREAFTER APPLICABLE TO SUCH RESTRICTED PERSON, AS
WELL AS ALL CONTRACTUAL OBLIGATIONS AND AGREEMENTS WITH RESPECT TO ENVIRONMENTAL
REMEDIATION OR OTHER ENVIRONMENTAL MATTERS (EXCEPT AS COULD NOT REASONABLY BE
EXPECTED TO RESULT IN A MATERIAL ADVERSE CHANGE), AND SHALL OBTAIN, AT OR PRIOR
TO THE TIME REQUIRED BY APPLICABLE ENVIRONMENTAL LAWS, ALL ENVIRONMENTAL, HEALTH
AND SAFETY PERMITS, LICENSES AND OTHER AUTHORIZATIONS NECESSARY FOR ITS
OPERATIONS (EXCEPT AS COULD NOT REASONABLY BE EXPECTED TO RESULT IN A MATERIAL
ADVERSE CHANGE) AND WILL MAINTAIN SUCH AUTHORIZATIONS IN FULL FORCE AND EFFECT
(EXCEPT AS COULD NOT REASONABLY BE EXPECTED TO RESULT IN A MATERIAL ADVERSE
CHANGE).
NO RESTRICTED PERSON WILL DO ANYTHING OR PERMIT ANYTHING TO BE DONE
WHICH WILL SUBJECT ANY OF ITS PROPERTIES TO ANY REMEDIAL OBLIGATIONS UNDER, OR
RESULT IN NONCOMPLIANCE WITH APPLICABLE PERMITS AND LICENSES ISSUED UNDER, ANY
APPLICABLE ENVIRONMENTAL LAWS, ASSUMING DISCLOSURE TO THE APPLICABLE
GOVERNMENTAL AUTHORITIES OF ALL RELEVANT FACTS, CONDITIONS AND CIRCUMSTANCES
(EXCEPT AS COULD NOT REASONABLY BE EXPECTED TO RESULT IN A MATERIAL ADVERSE
CHANGE).
(B)
BORROWER WILL PROMPTLY FURNISH TO AGENT
COPIES OF ALL WRITTEN NOTICES OF VIOLATION, ORDERS, CLAIMS, CITATIONS,
COMPLAINTS, PENALTY ASSESSMENTS, SUITS OR OTHER PROCEEDINGS RECEIVED BY ANY
RESTRICTED PERSON, OR OF WHICH BORROWER OTHERWISE HAS NOTICE, PENDING OR
THREATENED AGAINST ANY RESTRICTED PERSON BY ANY GOVERNMENTAL AUTHORITY WITH
RESPECT TO ANY ALLEGED VIOLATION OF OR NON-COMPLIANCE WITH ANY ENVIRONMENTAL
LAWS OR WITH RESPECT TO ANY PERMITS, LICENSES OR AUTHORIZATIONS IN CONNECTION
WITH ANY RESTRICTED PERSON'S OWNERSHIP OR USE OF ITS PROPERTIES OR THE OPERATION
OF ITS BUSINESS, IN EACH CASE, THAT COULD REASONABLY BE EXPECTED TO RESULT IN A
MATERIAL