Common use of Relevant Substances Clause in Contracts

Relevant Substances. promptly upon becoming aware of the same, notify the Facility Agent of (a) the deposit or disposal by or from a Rig of any Relevant Substance in the Environment and (b) any storage, treatment, importation, exportation, transportation, processing, manufacture, usage, collection, sorting or production of any Relevant Substance which is carried out in circumstances which in each case are likely to result in an Environmental Claim against the Borrower, the Rig Owner of that Rig, the Sponsor (but only insofar as the Environmental Claim is in connection with a Rig) or that Rig;

Relevant Substances. promptly upon becoming aware of the same, notify the Facility Agent of (a) the deposit or disposal by or from a the Rig of any Relevant Substance in the Environment and (b) any storage, treatment, importation, exportation, transportation, processing, manufacture, usage, collection, sorting or production of any Relevant Substance which is carried out in circumstances which in each case are likely to result in an Environmental Claim against the Borrower, the Rig Owner of that RigHead Charterer, the Sponsor (but only insofar as the Environmental Claim is in connection with a the Rig) or that the Rig;