Common use of Other Notifications Clause in Contracts

Other Notifications. The Borrower shall promptly, upon becoming aware of the same, inform the Facility Agent in writing of any Environmental Claim pending or made against it or any of its Environmental Affiliates or in connection with the Vessel.

Appears in 6 contracts

Samples: Loan Agreement (Teekay Offshore Partners L.P.), Loan Agreement, Loan Agreement (Teekay Offshore Partners L.P.)

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Other Notifications. The Borrower shall promptly, upon becoming aware of the same, inform the Facility Agent in writing of any Environmental Claim pending or made against it or any of its Environmental Affiliates or in connection with the VesselVessel and of any material litigation, arbitration or administrative proceedings which are current, threatened or pending against any Security Party, and which, if adversely determined, are reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Teekay Offshore Partners L.P.)

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