Print Page  Close Window

SEC Filings

S-4/A
KEY ENERGY SERVICES INC filed this Form S-4/A on 03/08/1996
Entire Document
 
<PAGE>



         SECTION 3.22 Personal Injury or Property Damage;  Warranty Claims; Etc.
Except as set forth in Section 3.22 of the Company Disclosure Schedule,  neither
the  Company  nor any  Subsidiary  or any Person  acting  for or on its  behalf,
including without limitation any insurance carrier,  has paid, to the knowledge,
information  and belief of the  Company,  at any time  during the past three (3)
years, and there is not now pending or, to the knowledge, information and belief
of the Company,  threatened or existing any basis for any Claim relating to, any
damages to any third party for injuries to Persons or damage to property, or for
breach  of  warranty,  which  if  determined  adversely  to the  Company  or any
Subsidiary,  individually  or in the aggregate  (taking into account  unasserted
Claims of a similar  nature),  could have any Adverse  Effect on the Company and
its Subsidiaries taken as a whole.

         SECTION 3.23 Environmental Matters.

         (a) Except as set forth in Section  3.23(a) of the  Company  Disclosure
Schedule, the Company and each Subsidiary:

                  (i) to the knowledge,  information  and belief of the Company,
         has not been notified  that it is  potentially  liable  under,  has not
         received any request for information or other correspondence concerning
         its potential liability with respect to any site or facility under, and
         is not a  "potentially  responsible  party"  under,  the  Comprehensive
         Environmental  Response,  Compensation  and  Liability  Act of 1980, as
         amended,  the Resource  Conservation  Recovery Act, as amended,  or any
         similar state law;

                  (ii) has not  entered  into or received  any  consent  decree,
         compliance   order  or   administrative   order   issued   pursuant  to
         Environmental Laws;

                  (iii) is not a party  in  interest  or in  default  under  any
         judgment,  order, writ,  injunction or decree of any final order issued
         pursuant to Environmental Laws;

                  (iv) is,  to the  knowledge,  information  and  belief  of the
         Company,  in substantial  compliance in all material  respects with all
         Environmental  Laws,  has,  to  Company's  knowledge,  information  and
         belief,  obtained all Environmental  Permits, and is not the subject of
         or, to the Company's knowledge, information and belief, threatened with
         any Legal  Action  involving  a demand for  damages or other  potential
         liability  including  any Lien with respect to material  violations  or
         material breaches of any Environmental Law.

                  (v) the Company has no knowledge of any past or present  Event
         related  to the  Company  or  any  Subsidiary  or  its or any of  their
         business,  operations or property which Event,  individually  or in the
         aggregate,  may interfere with or prevent continued material compliance
         with  all  Environmental  Laws,  or  which,   individually  or  in  the
         aggregate, will form the basis of any material Claim for the release or
         threatened release into the environment, of any Hazardous Material.

         (b) Except as set forth in Section  3.23(b) of the  Company  Disclosure
Schedule:

                  (i) no unauthorized disposal,  release, burial or placement of
         Hazardous  Materials  which to  Company's  knowledge,  information  and
         belief and due to the  activities  of the Company  could form the basis
         for a material Claim has occurred:


                                      AI-24