Environmental Incidents an Environmental Incident occurs which gives rise, or may give rise, to an Environmental Claim which could, in the opinion of the Agent be expected to have a material adverse effect (i) on the business, assets or financial condition of any Security Party or the Group taken as a whole or (ii) on the security constituted by any of the Security Documents or the enforceability of that security in accordance with its terms; or
Environmental Incidents. An Environmental Incident occurs which gives rise, or may give rise, to an Environmental Claim which could, in the reasonable opinion of the Majority Lenders be expected to have a Material Adverse Effect.
Environmental Incidents. 11.13 There is an Environmental Incident which gives rise, or may give rise, to an Environmental Claim which could, in the opinion of the Lenders and/or the Facility Agent be expected to have a material adverse effect (i) on the business, assets, operations, property or financial condition of any Security Party (other than the Charterer, the Builder and the Refund Guarantor) or the Group taken as a whole or (ii) on the Security under the Finance Documents or the enforceability of that security in accordance with its terms. P&I
Environmental Incidents. Each Debtor shall take, or cause to be taken, such actions as may be reasonably required to mitigate potential liability to it arising out of Environmental Incidents or as may be reasonably required to protect the interests of the Agent and the Lenders with respect thereto.
Environmental Incidents. 7.5.1 An environmental incident may include, but is not limited to the following: spillage of hazardous materials (as defined by the Waste Management Act, 1996 as amended); any spillage which cannot be rapidly contained and controlled, For example oil spills; inappropriate disposal of waste
Environmental Incidents an Environmental Incident occurs which gives rise, or may give rise, to an Environmental Claim for an amount or amounts exceeding six hundred thousand Dollars ($600,000) which could, in the reasonable opinion of the Lender be expected to have a Material Adverse Effect (i) on the financial condition of any Security Party or (ii) on the security constituted by any of the Security Documents or the enforceability of that security in accordance with its terms; or
Environmental Incidents. Each Obligor shall, and shall procure that each other Transaction Obligor will, take, or cause to be taken, such actions as may be reasonably required to mitigate potential liability to it arising out of Environmental Incidents or as may be reasonably required to protect the interests of the Creditor Parties with respect thereto.
Environmental Incidents. Notwithstanding Clauses 17.16 (Significant Environmental Incidents) and 17.17 (Material Environmental Incidents), the Company shall, as soon as reasonably practicable, take all such action and do all things necessary to address the impact of any Environmental Incident if one occurs.
Environmental Incidents. There is an Environmental Incident and the Vessel is arrested or attached in connection with such Environmental Incident and not released within a period of ninety (90) days thereafter.
Environmental Incidents. 12.2.1. Without limiting the Owner's obligations under Clause 14 or under Environmental Laws, the Owner shall immediately and no later than one hour after becoming aware of any Pollution Incident give written notice to Melbourne VTS of the occurrence of such a Pollution Incident.
