The Obligor shall carry on its business in compliance with all applicable laws, regulations, by-laws and orders including, without limitation, all such laws, regulations, by-laws and orders relating to environmental protection, the maintenance and disposal of hazardous materials and substances, land use and occupational health and safety. The Obligor shall give notice to the Trustee of any notice received by it of any violation of any such laws, regulations, by-laws or orders, of any impending or threatened investigations or proceedings by governmental authorities in connection therewith or of any proceedings commenced or threatened by any other person in connection with environmental, health or safety matters.