Common use of Environmental Indemnity Clause in Contracts

Environmental Indemnity. The Borrowers shall indemnify each Creditor on demand and hold it harmless from and against all costs, expenses, payments, charges, losses, demands, liabilities, actions, proceedings (whether civil or criminal), penalties, fines, damages, judgements, orders, sanctions or other outgoings of whatever nature which may be suffered, incurred or paid by, or made or asserted against such Creditor at any time, whether before or after the repayment in full of principal and interest under this Agreement, relating to, or arising directly or indirectly in any manner or for any cause or reason whatsoever out of an Environmental Claim made or asserted against such Creditor if such Environmental Claim would not have been, or been capable of being, made or asserted against such Creditor if it had not entered into any of the Security Documents and/or exercised any of its rights, powers and discretions thereby conferred and/or performed any of its obligations thereunder and/or been involved in any of the transactions contemplated by the Security Documents.

Appears in 22 contracts

Samples: Agreement (DryShips Inc.), Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Diana Shipping Inc.)

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Environmental Indemnity. The Borrowers Borrower shall indemnify each Creditor the Bank on demand and hold it the Bank harmless from and against all costs, expenses, payments, charges, losses, demands, liabilities, actions, proceedings (whether civil or criminal), penalties, fines, damages, judgements, orders, sanctions or other outgoings of whatever nature which may be suffered, incurred or paid by, or made or asserted against such Creditor the Bank at any time, whether before or after the repayment in full of principal and interest under this Agreement, relating to, or arising directly or indirectly in any manner or for any cause or reason whatsoever out of an Environmental Claim made or asserted against such Creditor the Bank if such Environmental Claim would not have been, or been capable of being, made or asserted against such Creditor the Bank if it had not entered into any of the Security Documents and/or exercised any of its rights, powers and discretions thereby conferred and/or performed any of its obligations thereunder and/or been involved in any of the transactions contemplated by the Security Documents.

Appears in 12 contracts

Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

Environmental Indemnity. The Borrowers shall indemnify each Creditor the Bank on demand and hold it the Bank harmless from and against all costs, expenses, payments, charges, losses, demands, liabilities, actions, proceedings (whether civil or criminal), penalties, fines, damages, judgements, orders, sanctions or other outgoings of whatever nature which may be suffered, incurred or paid by, or made or asserted against such Creditor the Bank at any time, whether before or after the repayment in full of principal and interest under this Agreement, relating to, or arising directly or indirectly in any manner or for any cause or reason whatsoever out of an Environmental Claim made or asserted against such Creditor the Bank if such Environmental Claim would not have been, or been capable of being, made or asserted against such Creditor the Bank if it had not entered into any of the Security Documents and/or exercised any of its rights, powers and discretions thereby conferred and/or performed any of its obligations thereunder and/or been involved in any of the transactions contemplated by the Security Documents.

Appears in 11 contracts

Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Environmental Indemnity. The Borrowers Borrower shall indemnify each Creditor the Lender on demand and hold it the Lender harmless from and against all costs, expenses, payments, charges, losses, demands, liabilities, actions, proceedings (whether civil or criminal), ) penalties, fines, damages, judgements, orders, sanctions or other outgoings of whatever nature which may be suffered, incurred or paid by, or made or asserted against such Creditor the Lender at any time, whether before or after the repayment in full of principal and interest under this Agreement, relating to, or arising directly or indirectly in any manner or for any cause or reason whatsoever out of an Environmental Claim made or asserted against such Creditor the Lender if such Environmental Claim would not have been, or been capable of being, made or asserted against such Creditor the Lender if it had not entered into any of the Security Finance Documents and/or exercised any of its rights, powers and discretions thereby conferred and/or performed any of its obligations thereunder and/or been involved in any of the transactions contemplated by the Security Finance Documents.

Appears in 6 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Seanergy Maritime Holdings Corp.), Agreement (Pangaea Logistics Solutions Ltd.)

Environmental Indemnity. The Borrowers Borrower shall indemnify each Creditor the Bank on demand and hold it harmless from and against all costs, expenses, payments, charges, losses, demands, liabilities, actions, proceedings (whether civil or criminal), penalties, fines, damages, judgements, orders, sanctions or other outgoings of whatever nature which may be suffered, incurred or paid by, or made or asserted against such Creditor the Bank at any time, whether before or after the repayment in full of principal and interest under this Agreement, relating to, or arising directly or indirectly in any manner or for any cause or reason whatsoever out of an Environmental Claim made or asserted against such Creditor the Bank if such Environmental Claim would not have been, or been capable of being, made or asserted against such Creditor the Bank if it had not entered into any of the Security Documents and/or exercised any of its rights, powers and discretions thereby conferred and/or performed any of its obligations thereunder and/or been involved in any of the transactions contemplated by the Security Documents.

Appears in 6 contracts

Samples: Loan Agreement (Globus Maritime LTD), Facility Agreement (Freeseas Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)

Environmental Indemnity. The Borrowers Borrower shall indemnify each Creditor on demand and hold it harmless from and against all costs, expenses, payments, charges, losses, demands, liabilities, actions, proceedings (whether civil or criminal), penalties, fines, damages, judgements, orders, sanctions or other outgoings of whatever nature which may be suffered, incurred or paid by, or made or asserted against such Creditor at any time, whether before or after the repayment in full of principal and interest under this Agreement, relating to, or arising directly or indirectly in any manner or for any cause or reason whatsoever out of an Environmental Claim made or asserted against such Creditor if such Environmental Claim would not have been, or been capable of being, made or asserted against such Creditor if it had not entered into any of the Security Documents and/or exercised any of its rights, powers and discretions thereby conferred and/or performed any of its obligations thereunder and/or been involved in any of the transactions contemplated by the Security Documents.

Appears in 4 contracts

Samples: Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Diana Shipping Inc.)

Environmental Indemnity. The Borrowers shall indemnify each Creditor Finance Party on demand and hold it harmless from and against all costs, expenses, payments, charges, losses, demands, liabilities, actions, proceedings (whether civil or criminal), penalties, fines, damages, judgements, orders, sanctions or other outgoings of whatever nature which may be suffered, incurred or paid by, or made or asserted against such Creditor Finance Party at any time, whether before or after the repayment in full of principal and interest under this Agreement, relating to, or arising directly or indirectly in any manner or for any cause or reason whatsoever out of an Environmental Claim made or asserted against such Creditor Finance Party if such Environmental Claim would not have been, or been capable of being, made or asserted against such Creditor Finance Party if it had not entered into any of the Security Finance Documents and/or exercised any of its rights, powers and discretions thereby conferred and/or performed any of its obligations thereunder and/or been involved in any of the transactions contemplated by the Security Finance Documents.

Appears in 2 contracts

Samples: Agreement (Paragon Shipping Inc.), Credit Agreement (DryShips Inc.)

Environmental Indemnity. The Borrowers Borrower shall indemnify each Creditor the Lender on demand and hold it the Lender harmless from and against all costs, expenses, payments, charges, losses, demands, liabilities, actions, proceedings (whether civil or criminal), ) penalties, fines, damages, judgements, orders, sanctions or other outgoings of whatever nature which may be suffered, incurred or paid by, or made or asserted against such Creditor the Lender at any time, whether before or after the repayment in full of principal and interest under this Agreement, relating to, or arising directly or indirectly in any manner or for any cause or reason whatsoever out of an Environmental Claim made or asserted against such Creditor the Lender if such Environmental Claim would not have been, or been capable of being, made or asserted against such Creditor the Lender if it had not entered into any of the Security Documents and/or exercised any of its rights, powers and discretions thereby conferred and/or performed any of its obligations thereunder and/or been involved in any of the transactions contemplated by the Security Documents.

Appears in 2 contracts

Samples: Seanergy Maritime Holdings Corp., Seanergy Maritime Holdings Corp.

Environmental Indemnity. The Borrowers shall indemnify each Creditor on demand and hold it harmless from and against all costs, expenses, payments, charges, losses-losses, demands, liabilities, actions, proceedings (whether civil or criminal), penalties, fines, damages, judgements, orders, sanctions or other outgoings of whatever nature which may be suffered, incurred or paid by, or made or asserted against such Creditor at any time, whether before or after the repayment in full of principal and interest under this Agreement, relating to, or arising directly or indirectly in any manner or for any cause or reason whatsoever out of an Environmental Claim made or asserted against such Creditor if such Environmental Claim would not have been, or been capable of being, made or asserted against such Creditor if it had not entered into any of the Security Documents and/or exercised any of its rights, powers and discretions thereby conferred and/or performed any of its obligations thereunder and/or been involved in any of the transactions contemplated by the Security Documents.

Appears in 2 contracts

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Environmental Indemnity. The Borrowers Borrower shall indemnify each Creditor the Bank on demand and hold it the Bank harmless from and against all costs, claims, expenses, payments, charges, losses, demands, liabilities, actions, proceedings (whether civil or criminal), ) penalties, fines, damages, judgements, orders, sanctions orders or other outgoings outgoings, of whatever nature (including, without limitation, those arising under Environmental Laws) which may be suffered, incurred or incurred, paid by, by or made or asserted against such Creditor the Bank at any time, time whether before or after the repayment in full of principal and interest under this Agreement, Agreement relating to, or arising directly or indirectly in any manner or for any cause or reason whatsoever out of an Environmental Claim made or asserted against such Creditor if such Environmental Claim the Bank which would or could not have been, or been capable of being, made or asserted against such Creditor brought if it the Bank had not entered into any of the Security Documents and/or exercised any of its rights, powers and discretions thereby conferred and/or performed any of its obligations thereunder and/or been involved in any of the transactions contemplated by the Security Documents.. 12 Unlawfulness and increased costs

Appears in 1 contract

Samples: Agreement (Top Tankers Inc.)

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Environmental Indemnity. The Borrowers shall indemnify each Creditor on demand and hold it harmless from and against all costs, expenses, payments, charges, losses, demands, liabilities, actions, proceedings (whether civil or criminal), penalties, fines, damages, judgementsjudgments, orders, sanctions or other outgoings of whatever nature which may be suffered, incurred or paid by, or made or asserted against such Creditor at any time, whether before or after the repayment in full of principal and interest under this Agreement, relating to, or arising directly or indirectly in any manner or for any cause or reason whatsoever out of an Environmental Claim made or asserted against such Creditor if such Environmental Claim would not have been, or been capable of being, made or asserted against such Creditor if it had not entered into any of the Security Documents and/or exercised any of its rights, powers and discretions thereby conferred and/or performed any of its obligations thereunder and/or been involved in any of the transactions contemplated by the Security Documents.

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Environmental Indemnity. The Borrowers shall indemnify each Creditor the Lender on demand and hold it the Lender harmless from and against all costs, expenses, payments, charges, losses, demands, liabilities, actions, proceedings (whether civil or criminal), ) penalties, fines, damages, judgements, orders, sanctions or other outgoings of whatever nature which may be suffered, incurred or paid by, or made or asserted against such Creditor the Lender at any time, whether before or after the repayment in full of principal and interest under this Agreement, relating to, or arising directly or indirectly in any manner or for any cause or reason whatsoever out of an Environmental Claim made or asserted against such Creditor the Lender if such Environmental Claim would not have been, or been capable of being, made or asserted against such Creditor the Lender if it had not entered into any of the Security Finance Documents and/or exercised any of its rights, powers and discretions thereby conferred and/or performed any of its obligations thereunder and/or been involved in any of the transactions contemplated by the Security Finance Documents.

Appears in 1 contract

Samples: Agreement (Imperial Petroleum Inc./Marshall Islands)

Environmental Indemnity. The Borrowers Borrower shall indemnify each Creditor the Bank on demand and hold it the Bank harmless from and against all costs, claims, expenses, payments, charges, losses, demands, liabilities, actions, proceedings (whether civil or criminal), ) penalties, fines, damages, judgements, orders, sanctions orders or other outgoings outgoings, of whatever nature (including, without limitation, those arising under Environmental Laws) which may be suffered, incurred or incurred, paid by, by or made or asserted against such Creditor the Bank at any time, time whether before or after the repayment in full of principal and interest under this Agreement, Agreement relating to, or arising directly or indirectly in any manner or for any cause or reason whatsoever out of an Environmental Claim made or asserted against such Creditor if such Environmental Claim the Bank which would or could not have been, or been capable of being, made or asserted against such Creditor brought if it the Bank had not entered into any of the Security Documents and/or exercised any of its rights, powers and discretions thereby conferred and/or performed any of its obligations thereunder and/or been involved in any of the transactions contemplated by the Security Documents.

Appears in 1 contract

Samples: Supplemental Agreement (Top Ships Inc.)

Environmental Indemnity. The Borrowers shall indemnify each Creditor the Lenders on demand and hold it the Lenders harmless from and against all costs, expenses, payments, charges, losses, demands, liabilities, actions, proceedings (whether civil or criminal), penalties, fines, damages, judgements, orders, sanctions or other outgoings of whatever nature which may be suffered, incurred or paid by, or made or asserted against such Creditor the Lenders at any time, whether before or after the repayment in full of principal and interest under this Agreement, relating to, or arising directly or indirectly in any manner or for any cause or reason whatsoever out of an Environmental Claim made or asserted against such Creditor the Lenders if such Environmental Claim would not have been, or been capable of being, made or asserted against such Creditor the Lenders if it had not entered into any of the Security Documents and/or exercised any of its rights, powers and discretions discretion thereby conferred and/or performed any of its obligations thereunder and/or been involved in any of the transactions contemplated by the Security Documents.

Appears in 1 contract

Samples: Loan Agreement (Excel Maritime Carriers LTD)

Environmental Indemnity. The Borrowers shall indemnify each Creditor the Bank on demand and hold it the Bank harmless from and against all costs, claims, expenses, payments, charges, losses, demands, liabilities, actions, proceedings (whether civil or criminal), ) penalties, fines, damages, judgements, orders, sanctions orders or other outgoings outgoings, of whatever nature (including, without limitation, those arising under Environmental Laws) which may be suffered, incurred or incurred, paid by, by or made or asserted against such Creditor the Bank at any time, time whether before or after the repayment in full of principal and interest under this Agreement, Agreement relating to, or arising directly or indirectly in any manner or for any cause or reason whatsoever out of an Environmental Claim made or asserted against such Creditor if such Environmental Claim the Bank which would or could not have been, or been capable of being, made or asserted against such Creditor brought if it the Bank had not entered into any of the Security Documents and/or exercised any of its rights, powers and discretions thereby conferred and/or performed any of its obligations thereunder and/or been involved in any of the transactions contemplated by the Security Documents.

Appears in 1 contract

Samples: Agreement (Top Tankers Inc.)

Environmental Indemnity. The Borrowers shall indemnify each Creditor the Bank on demand and hold it the Bank harmless from and against all costs, expenses, payments, charges, losses, demands, liabilities, actions, proceedings (whether civil or criminal), penalties, fines, damages, judgements, orders, sanctions or other outgoings of whatever nature which may be suffered, incurred or paid by, or made or asserted against such Creditor the Bank at any time, whether before or after the repayment in full of principal and interest under this Agreement, relating to, or arising directly or indirectly in any manner or for any cause or reason whatsoever out of an Environmental Claim made or asserted against such Creditor the Bank if such Environmental Claim would not have been, or been capable of being, made or asserted against such Creditor the Bank if it had not entered into any of the Security Documents and/or exercised any of its rights, powers and discretions thereby conferred and/or performed any of its obligations thereunder and/or been involved in any of the transactions contemplated by the Security Documents.. 12 Unlawfulness and increased costs

Appears in 1 contract

Samples: Eighth Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

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