Common use of Poseidon Principles Clause in Contracts

Poseidon Principles. Each Borrower shall, upon the request by a Lender and at the cost of the Borrowers, on or before 31st July in each calendar year, supply or procure the supply by the relevant classification to the Agent of all information necessary in order for such Lender to comply with its obligations under the Poseidon Principles in respect of the preceding year, including, without limitation, all ship fuel oil consumption data required to be collected and reported in accordance with Regulation 22A of ▇▇▇▇▇ ▇▇ and any Statement of Compliance, in each case relating to the Ship owned by it for the preceding calendar year provided always that, for the avoidance of doubt, such information shall be confidential information but the Borrower acknowledges that, in accordance with the Poseidon Principles, such information will form part of the information published regarding the relevant Lender's portfolio climate alignment and that a Lender may disclose such information: (i) either to any classification society or other entity which Lender has engaged to make the calculations necessary to enable that Lender to comply with its reporting obligations under the Poseidon Principles (such calculations to be made at the cost of the relevant Lender) or (ii) as otherwise permitted under the terms of this Agreement.

Appears in 1 contract

Sources: Loan Agreement (Diana Shipping Inc.)

Poseidon Principles. Each Borrower shall, upon the request by a Lender and at the cost of the Borrowers, on or before 31st July in each calendar year, supply or procure the supply by the relevant classification society to the Agent of all information necessary in order for such Lender to comply with its obligations under the Poseidon Principles in respect of the preceding year, including, without limitation, all ship fuel oil consumption data required to be collected and reported in accordance with Regulation 22A of ▇▇▇▇▇ ▇▇ Annex VI and any Statement of Compliance, in each case relating to the Ship owned by it for the preceding calendar year provided always that, for the avoidance of doubt, such information shall be confidential information but the each Borrower acknowledges that, in accordance with the Poseidon Principles, such information will form part of the information published regarding the relevant Lender's portfolio climate alignment and that a Lender may disclose such information: : (i) either to any classification society or other entity which Lender has engaged to make the calculations necessary to enable that Lender to comply with its reporting obligations under the Poseidon Principles (such calculations to be made at the cost of the relevant Lender) or (ii) as otherwise permitted under the terms of this Agreement.or

Appears in 1 contract

Sources: Loan Agreement (Diana Shipping Inc.)

Poseidon Principles. Each Borrower shall, upon the request by a Lender and at the cost of the Borrowers, on or before 31st July in each calendar year, supply or procure the supply by the relevant classification society to the Agent of all information necessary in order for such Lender to comply with its obligations under the Poseidon Principles in respect of the preceding year, including, without limitation, all ship fuel oil consumption data required to be collected and reported in accordance with Regulation 22A of ▇▇▇▇▇ ▇▇ Annex VI and any Statement of Compliance, in each case relating to the Ship owned by it for the preceding calendar year provided always that, for the avoidance of doubt, such information shall be confidential information but the Borrower acknowledges that, in accordance with the Poseidon Principles, such information will form part of the information published regarding the relevant Lender's portfolio climate alignment and that a Lender may disclose such information: : (i) either to any classification society or other entity which Lender has engaged to make the calculations necessary to enable that Lender to comply with its reporting obligations under the Poseidon Principles (such calculations to be made at the cost of the relevant Lender) or (ii) as otherwise permitted under the terms of this Agreement.or

Appears in 1 contract

Sources: Loan Agreement (Diana Shipping Inc.)

Poseidon Principles. Each Borrower shall, upon the request by a Lender and at the cost of the Borrowers, on or before 31st July in each calendar year, supply or procure the supply by the relevant classification society to the Agent of all information necessary in order for such Lender to comply with its obligations under the Poseidon Principles in respect of the preceding year, including, without limitation, all ship fuel oil consumption data required to be collected and reported in accordance with Regulation 22A of ▇▇▇▇▇ ▇▇ Annex VI and any Statement of Compliance, in each case relating to the Ship owned by it for the preceding calendar year provided always that, for the avoidance of doubt, such information shall be confidential information but the Borrower acknowledges that, in accordance with the Poseidon Principles, such information will form part of the information published regarding the relevant Lender's portfolio climate alignment and that a Lender may disclose such information: : (i) either to any classification society or other entity which a Lender has engaged to make the calculations necessary to enable that Lender to comply with its reporting obligations under the Poseidon Principles (such calculations to be made at the cost of the relevant Lender) or (ii) as otherwise permitted under the terms of this Agreement.

Appears in 1 contract

Sources: Loan Agreement (Diana Shipping Inc.)