Affirmative Environmental Covenants Sample Clauses
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Affirmative Environmental Covenants. The Company shall and shall ensure that each of its Key Subsidiaries shall:
(i) use all reasonable efforts to ensure the continuing operation of the S&E Management System to identify, assess and manage the social and environmental performance of the Company Operations in compliance with the S&E Requirements;
(ii) in the event any successor or replacement S&E Officer is appointed, ensure that such S&E Officer shall be reasonably acceptable to the IFC Parties;
(iii) if the Company intends to provide funding to a proposed Client that conducts or intends to conduct Client Operations classified as a Category A Activity by the Company or, to the Company's knowledge, by the IFC Parties: (A) promptly notify the IFC Parties in writing, upon becoming aware of such activity or intent; and (B) provide the IFC Parties with information concerning such matter as the IFC Parties may reasonably request;
(iv) without limiting any other right, remedy or claim of the IFC Parties hereunder, if the Company becomes aware of any change in the scope of the Company Operations, advise and consult with the IFC Parties regarding any material social or environmental risk posed by such development and, if requested by the IFC Parties, amend the S&E Management System to identify, assess and manage such risks;
(v) if the Company becomes aware that any Client has undertaken Client Operations in a manner that is not in accordance with the S&E Requirements, promptly: (A) require the relevant Client to undertake, as appropriate or necessary in the Company's reasonable judgment, corrective measures to remedy such inconsistency or breach; and (B) if the relevant Client does not implement corrective measures as provided under clause (A), use reasonable efforts to terminate the Company's financing to, or investment in, such Client on commercially reasonable terms, taking into account liquidity, market constraints and fiduciary responsibilities;
(vi) undertake and implement the SEMS Plan in accordance with the requirements and schedule specified therein; and
(vii) obtain, review and investigate information available in the public domain regarding any incidents, adverse impact on local communities or the environment or adverse environmental or social performance associated with any proposed Client Operations and shall only provide funding to or otherwise invest in proposed Client Operations if: (A) any such incident, adverse impact or adverse performance has been resolved in accordance with the S&E...
Affirmative Environmental Covenants. The Company shall and shall ensure that each of its Subsidiaries shall:
(i) implement the Action Plan and undertake Company Operations in compliance in all material respects with the S&E Requirements and all Applicable S&E Law; and
(ii) periodically review the form of the report setting out the specific social, environmental and developmental impact information to be provided by the Company in respect of Company Operations (the “ Monitoring ”) and advise each Investor as to whether revision of the form is necessary or appropriate in light of changes to Company Operations and revise the form of the S&E Annual Monitoring Report, if applicable, with the prior written consent of each Investor.
Affirmative Environmental Covenants. The Company shall and shall ensure that each of its Subsidiaries shall:
Affirmative Environmental Covenants. Through its employees, agents, contractors and subcontractors, ensure that the design, construction, operation, maintenance, management and monitoring of the Project’s sites, plants, equipment, operations and facilities are undertaken in compliance with the Action Plan and the applicable requirements of the Performance Standards: review of Annual Monitoring Report. Periodically review the form of the Annual Monitoring Report and advise IFC as to whether revision of the form is necessary or appropriate in light of changes to the Company’s business or operations, or in light of environmental or social risks identified by the Company’s S&E Management System; and revise the form as agreed with IFC; and S&E Management System. Use all reasonable efforts to ensure the continuing operation of the S&E Management System to assess and manage the social and environmental performance of the Project in a manner consistent with the Performance Standards.
Affirmative Environmental Covenants. The Company shall, and shall ensure that each of its Subsidiaries will undertake the Company Operations in compliance with the Performance Standards and Applicable S&E Law.
Affirmative Environmental Covenants. The Company shall and shall ensure that each of its Key Subsidiaries shall:
(i) implement the Action Plan and undertake the Company Operations in compliance with the ESRS, Performance Standards and Applicable S&E Law;
(ii) periodically review the form of the S&E Report and revise the form if necessary in the interests of the Company or otherwise appropriate in light of changes to the Company Operations.
(iii) ensure operation of hotels are in compliance with Performance Standards, and in case any gaps/issues are identified, undertake corrective actions and work with the hotel operators to resolve them.
(iv) keep required documentation confirming the Life & Fire Safety (E&FS) review by operators at the design and post construction stages for all hotels.
(v) ensure (through the hotel operators) that all hotels communicate and implement policies on prevention of sexual harassment, freedom of association and grievance mechanism in line with Applicable S&E Law and Performance Standards requirements.
Affirmative Environmental Covenants. The Company shall and shall ensure that each of its Subsidiaries shall:
(i) implement the Action Plan and undertake the Company Operations in compliance with the Performance Standards and Applicable S&E Law; and
(ii) periodically review the form of the S&E Performance Report and advise the IFC Parties as to whether revision of the form is necessary or appropriate in light of changes to the Company Operations and revise the form of the S&E Performance Report, if applicable, with the prior written consent of the IFC Parties.