Common use of Pollution Liability Clause in Contracts

Pollution Liability. The Borrowers shall take, or cause to be taken, such actions as may be reasonably required to mitigate potential liability to it arising out of pollution incidents or as may be reasonably required to protect the interests of the Creditor Parties with respect thereto.

Appears in 8 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

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Pollution Liability. The Borrowers Borrower shall take, or cause to be taken, such actions as may be reasonably required to mitigate potential liability to it arising out of pollution incidents or as may be reasonably required to protect the interests of the Creditor Parties with respect thereto.

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Pollution Liability. The Borrowers Each Borrower shall take, or cause to be taken, such actions as may be reasonably required to mitigate potential liability to it arising out of pollution incidents Environmental Incidents or as may be reasonably required to protect the interests of the Creditor Parties Lender with respect thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Pangaea Logistics Solutions Ltd.)

Pollution Liability. The Borrowers Each Obligor shall take, or cause to be taken, such actions as may be reasonably required to mitigate potential liability to it arising out of pollution incidents or as may be reasonably required to protect the interests of the Creditor Finance Parties with respect thereto.

Appears in 1 contract

Samples: Common Terms Agreement (Ultrapetrol Bahamas LTD)

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Pollution Liability. The Borrowers Borrower shall take, or cause to be taken, such actions as may be reasonably required to mitigate potential liability to it arising out of pollution incidents Environmental Incidents or as may be reasonably required to protect the interests of the Creditor Parties Lender with respect thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Pangaea Logistics Solutions Ltd.)

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