Common use of Environmental Incident Clause in Contracts

Environmental Incident. Any incident occurs affecting either of the Borrower or the Vessel or any charterer of the Vessel or the Managers (or any of them) which may give rise to an Environmental Claim which may have a materially adverse effect on the ability of any Security Party to perform any obligations under any Security Document to which it is a party.

Environmental Incident. Any incident occurs affecting either of the a Borrower or the a Vessel or any charterer of the Vessel Charterer or the Managers (or any of them) which may give rise to an Environmental Claim which may have a materially adverse effect on the ability of any Security Party to perform any obligations under any Security Document to which it is a party.