Common use of Notice of Accidents, Etc Clause in Contracts

Notice of Accidents, Etc. Within three (3) Business Days after its occurrence, notify IFC of any social, labor, health and safety, security or environmental incident, accident or circumstance having, or which could reasonably be expected to have, a Material Adverse Effect or material adverse impact on the implementation or operation of the Project in accordance with the Performance Standards, specifying in each case the nature of the incident, accident, or circumstance and any effect resulting or likely to result therefrom, and the measures the Borrower is taking or plans to take to address them and to prevent any future similar event; and keep IFC informed of the on-going implementation of those measures and plans;

Appears in 2 contracts

Samples: Loan Agreement (Ultrapetrol Bahamas LTD), Loan Agreement (Ultrapetrol Bahamas LTD)

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Notice of Accidents, Etc. Within three (3) Business Days 3 days after its occurrence, notify IFC of any social, labor, health and safety, security or environmental incident, accident or circumstance having, or which could reasonably be expected to have, a Material Adverse Effect or material adverse impact on the implementation or operation of the Project in accordance with the Performance Standards, specifying in each case the nature of the incident, accident, or circumstance and any effect resulting or likely to result therefrom, and the measures the Borrower is taking or plans to take to address them and to prevent any future similar event; and keep IFC informed of the on-going implementation of those measures and plans;

Appears in 2 contracts

Samples: Loan Agreement (Logistic Properties of the Americas), Loan Agreement (Logistic Properties of the Americas)

Notice of Accidents, Etc. Within three (3) Business Days 3 days after its occurrence, notify IFC the Lenders of any social, laborlabour, health and safety, security or environmental incident, accident or circumstance having, or which could reasonably be expected to have, a Material Adverse Effect or a material adverse impact on carrying on of Operations by the implementation Obligors or operation of the Project in accordance with the Performance Standardsany Subsidiaries, specifying in each case the nature of the incident, accident, or circumstance and any effect resulting or likely to result therefrom, and the measures the Borrower is taking being taken or plans to take to address them and to prevent any future similar event; and keep IFC the Lenders informed of the on-going implementation of those measures and plans;

Appears in 2 contracts

Samples: Loan Agreement (China Education Investment Holding), Loan Agreement (Baring Asia Private Equity Fund v Co-Investment L.P.)

Notice of Accidents, Etc. Within three (3) Business Days 3 days after its occurrence, notify IFC of any social, laborlabour, health and safety, security or environmental incident, accident or circumstance having, or which could reasonably be expected to have, a Material Adverse Effect or material adverse impact on the implementation or operation of the Project or an carrying on of Operations by the Obligors or any Subsidiaries in accordance with the Action Plan and the Performance Standards, specifying in each case the nature of the incident, accident, or circumstance and any effect resulting or likely to result therefrom, and the measures the Borrower is taking being taken or plans to take to address them and to prevent any future similar event; and keep IFC informed of the on-going implementation of those measures and plans;

Appears in 1 contract

Samples: Loan Agreement (Ambow Education Holding Ltd.)

Notice of Accidents, Etc. Within three (3) Business Days after its occurrence, notify IFC OFID of any social, labor, health and safety, security or environmental incident, accident or circumstance having, or which could reasonably be expected to have, a Material Adverse Effect or material adverse impact on the implementation or operation of the Project in accordance with the Performance Standards, specifying in each case the nature of the incident, accident, or circumstance and any effect resulting or likely to result therefrom, and the measures the Borrower is Borrowers are taking or plans to take to address them and to prevent any future similar event; and keep IFC OFID informed of the on-going implementation of those measures and plans;

Appears in 1 contract

Samples: Loan Agreement (Ultrapetrol Bahamas LTD)

Notice of Accidents, Etc. Within three (3) Business Days days after its occurrence, the Company shall notify IFC of any social, labor, health and safety, security or environmental incident, accident or circumstance having, or which could reasonably be expected to have, a Material Adverse Effect or material adverse impact on the implementation or operation of the Project in accordance with the Performance Standards, specifying in each case the nature of the incident, accident, or circumstance and any effect resulting or likely to result therefrom, and promptly thereafter, a report on the measures the Borrower Company is taking or plans to take to address them and to prevent any future similar event; and keep IFC informed of the on-going implementation of those measures and plans;.

Appears in 1 contract

Samples: Loan and Guarantee Agreement (Toreador Resources Corp)

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Notice of Accidents, Etc. Within three (3) Business Days after its occurrence, notify IFC OFID of any social, labor, health and safety, security or environmental incident, accident or circumstance having, or which could reasonably be expected to have, a Material Adverse Effect or material adverse impact on the implementation or operation of the Project in accordance with the Performance Standards, specifying in each case the nature of the incident, accident, or circumstance and any effect resulting or likely to result therefrom, and the measures the Borrower is taking or plans to take to address them and to prevent any future similar event; and keep IFC OFID informed of the on-going implementation of those measures and plans;

Appears in 1 contract

Samples: Loan Agreement (Ultrapetrol Bahamas LTD)

Notice of Accidents, Etc. Within three (3) Business Days days after its becoming aware of the occurrence, notify IFC of any social, labor, health and safety, security or environmental incident, accident or circumstance with respect to any Eligible Sub-borrower or in relation to any projects having, or which could reasonably be expected to have, a any Material Adverse Effect or a material adverse impact on the implementation or operation of the Project projects in accordance compliance with the Performance StandardsS&E Requirements, specifying in each case the nature of the incident, accident, or circumstance and any the impact or effect resulting arising or likely to result arise therefrom, and the measures the Borrower is taking being taken, or plans to take be taken, to address them and to prevent any future similar event; and keep IFC informed of the on-going implementation of those measures and plansmeasures;

Appears in 1 contract

Samples: Loan Agreement (Grupo Financiero Galicia Sa)

Notice of Accidents, Etc. Within three (3) Business Days after its occurrence, notify IFC of any social, labor, health and safety, security or environmental incident, accident or circumstance having, or which could reasonably be expected to have, a Material Adverse Effect or material adverse impact on the implementation or operation of the Project in accordance with the Performance Standards, specifying in each case the nature of the incident, accident, or circumstance and any effect resulting or likely to result therefrom, and the measures the Borrower is Borrowers are taking or plans to take to address them and to prevent any future similar event; and keep IFC informed of the on-going implementation of those measures and plans;

Appears in 1 contract

Samples: Loan Agreement (Ultrapetrol Bahamas LTD)

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