Common use of Compliance with Environmental Laws and Approvals Clause in Contracts

Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower in writing to, and acknowledged in writing by, the Bank: (i) the Borrower and its Related Companies have complied with the provisions of all Environmental Laws; (ii) the Borrower and its Related Companies have obtained all Environmental Approvals and are in compliance with all such Environmental Approvals; and (iii) neither the Borrower nor any of its Related Companies have received notice of any Environmental Claim that the Borrower or any of its Related Companies are not in compliance with any Environmental Law or any Environmental Approval;

Appears in 3 contracts

Samples: Loan Agreement (Top Ships Inc.), Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (FreeSeas Inc.)

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Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower in writing to, and acknowledged in writing by, the BankLender: (i) the Borrower and its Related Companies have has complied with the provisions of all Environmental Laws; (ii) the Borrower and its Related Companies have has obtained all Environmental Approvals and are in compliance with all such Environmental Approvals; and (iii) neither the Borrower nor any of its Related Companies have has not received notice of any Environmental Claim that the Borrower or any of its Related Companies are is not in compliance with any Environmental Law or any Environmental Approval;

Appears in 2 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower in writing to, and acknowledged in writing by, the BankLender: (i) the Borrower and its Related Companies have complied with the provisions of all Environmental Laws; (ii) the Borrower and its Related Companies have obtained all Environmental Approvals and are in compliance with all such Environmental Approvals; and (iii) neither the Borrower nor any of its Related Companies have received notice of any Environmental Claim in excess of $500,000 that the Borrower or any of its Related Companies are not in compliance with any Environmental Law or any Environmental Approval;

Appears in 2 contracts

Samples: Loan Agreement (Performance Shipping Inc.), Loan Agreement (Performance Shipping Inc.)

Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower in writing to, and acknowledged in writing by, the Bank: (i) the Borrower and its Related Companies have complied with the provisions of all Environmental Laws; (ii) the Borrower and its Related Companies have obtained all Environmental Approvals and are in compliance with all such Environmental Approvals; and (iii) neither the Borrower nor any of its Related Companies have received notice of any Environmental Claim relating to an amount exceeding $500,000 that the Borrower or any of its Related Companies are not in compliance with any Environmental Law or any Environmental Approval;

Appears in 2 contracts

Samples: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)

Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower Borrowers in writing to, and acknowledged in writing by, the Bank: (i) the each Borrower and its Related Companies have complied with the provisions of all Environmental Laws; (ii) the each Borrower and its Related Companies have obtained all Environmental Approvals and are in compliance with all such Environmental Approvals; and (iii) neither the Borrower Borrowers (or any of them) nor any of its Related Companies have received notice of any Environmental Claim that any of the Borrower Borrowers or any of its Related Companies are not in compliance with any Environmental Law or any Environmental Approval;

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower Borrowers in writing to, and acknowledged in writing by, the Bank: (i) each of the Borrower and its Related Companies have Borrowers has complied with the provisions of all Environmental Laws; (ii) each of the Borrower and its Related Companies have Borrowers has obtained all Environmental Approvals and are is in compliance with all such Environmental Approvals; and (iii) neither of the Borrower nor any of its Related Companies have Borrowers has received notice of any Environmental Claim that either of the Borrower or any of its Related Companies are Borrowers is not in compliance with any Environmental Law or any Environmental Approval;

Appears in 1 contract

Samples: Loan Agreement (NewLead Holdings Ltd.)

Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower Borrowers in writing to, and acknowledged in writing by, the Bank: (i) the Borrower Borrowers and its their Related Companies have complied with the provisions of all Environmental Laws; (ii) the Borrower Borrowers and its their Related Companies have obtained all Environmental Approvals and are in compliance with all such Environmental Approvals; and (iii) neither none of the Borrower Borrowers nor any of its their Related Companies have received notice of any Environmental Claim that any of the Borrower Borrowers or any of its Related Companies are not in compliance with any Environmental Law or any Environmental Approval;

Appears in 1 contract

Samples: Loan Agreement (FreeSeas Inc.)

Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower in writing to, and acknowledged in writing by, the Bank: (i) each of the Borrower Borrower, the Owners and its their Related Companies have complied with the provisions of all Environmental Laws; (ii) each of the Borrower Borrower, the Owners and its their Related Companies have obtained all Environmental Approvals and are in compliance with all such Environmental Approvals; and (iii) neither any of the Borrower and the Owners nor any of its their Related Companies have received notice of any Environmental Claim that any of the Borrower and the Owners or any of its respective Related Companies are not in compliance with any Environmental Law or any Environmental Approval;

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower Borrowers in writing to, and acknowledged in writing by, the BankLender: (i) the each Borrower and its Related Companies have complied with the provisions of all Environmental Laws; (ii) the each Borrower and its Related Companies have obtained all Environmental Approvals and are in compliance with all such Environmental Approvals; and (iii) neither the Borrower Borrowers nor any of its their respective Related Companies have received notice of any Environmental Claim that the Borrower Borrowers or any of its their respective Related Companies are not in compliance with any Environmental Law or any Environmental Approval;

Appears in 1 contract

Samples: Loan Agreement (Imperial Petroleum Inc./Marshall Islands)

Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower in writing to, and acknowledged in writing by, the Bank: (i) the Borrower Borrower, the Owner and its their Related Companies have complied with the provisions of all Environmental Laws; (ii) the Borrower Borrower, the Owner and its their Related Companies have obtained all Environmental Approvals and are in compliance with all such Environmental Approvals; and (iii) neither the Borrower Borrower, the Owner nor any of its Related Companies have received notice of any Environmental Claim that the Borrower or any of its Related Companies are not in compliance with any Environmental Law or any Environmental Approval;

Appears in 1 contract

Samples: Credit Agreement (Paragon Shipping Inc.)

Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower in writing to, and acknowledged in writing by, the BankLender: (i) the Borrower and its Related Companies have complied with the provisions of all Environmental Laws; (ii) the Borrower and its Related Companies have obtained all Environmental Approvals and are in compliance with all such Environmental Approvals; and (iii) neither the Borrower nor any of its Related Companies have received notice of any Environmental Claim that the Borrower or any of its Related Companies are not in compliance with any Environmental Law or any Environmental Approval;

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

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Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower in writing to, and acknowledged in writing by, by the BankLender: (i) the Borrower and its Related Companies have complied with the provisions of all Environmental Laws; (ii) the Borrower and its Related Companies have obtained all Environmental Approvals and are in compliance with all such Environmental Approvals; and (iii) neither the Borrower nor any of its Related Companies have has received notice of any Environmental Claim that the Borrower or any of its Related Companies are is not in compliance with any Environmental Law or any Environmental Approval;

Appears in 1 contract

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.)

Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower in writing to, and acknowledged in writing by, the Bank: (i) the Borrower and its Related Companies have has complied with the provisions of all Environmental Laws; (ii) the Borrower and its Related Companies have has obtained all Environmental Approvals and are is in compliance with all such Environmental Approvals; and (iii) neither the Borrower nor any of its Related Companies have has not received notice of any Environmental Claim that the Borrower or any of its Related Companies are is not in compliance with any Environmental Law or any Environmental Approval;

Appears in 1 contract

Samples: Loan Agreement (NewLead Holdings Ltd.)

Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower in writing to, and acknowledged in writing by, the Bank: (i) each of the Borrower Borrower, the Owner and its their Related Companies have complied with the provisions of all Environmental Laws; (ii) each of the Borrower Borrower, the Owner and its their Related Companies have obtained all Environmental Approvals and are in compliance with all such Environmental Approvals; and (iii) neither any of the Borrower and the Owner nor any of its their Related Companies have received notice of any Environmental Claim that any of the Borrower and the Owner or any of its respective Related Companies are not in compliance with any Environmental Law or any Environmental Approval;

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower Owners in writing to, and acknowledged in writing by, the BankLender: (i) the Borrower Owners and its their respective Related Companies have complied with the provisions of all Environmental Laws; (ii) the Borrower Owners and its their respective Related Companies have obtained all Environmental Approvals and are in compliance with all such Environmental Approvals; and (iii) neither none of the Borrower Owners nor any of its and their respective Related Companies have received notice of any Environmental Claim that the Borrower any Owner or any of its Related Companies are is not in compliance with any Environmental Law or any Environmental Approval;

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower Borrowers in writing to, and acknowledged in writing by, the Bank: (i) the each Borrower and its Related Companies have has complied with the provisions of all Environmental Laws; (ii) the each Borrower and its Related Companies have obtained all Environmental Approvals and are in compliance with all such Environmental Approvals; and (iii) neither the Borrower nor Borrowers (or any of its Related Companies have them) nor the Manager has received notice of any Environmental Claim that the Borrower or any of its Related Companies are the Borrowers is not in compliance with any Environmental Law or any Environmental Approval;

Appears in 1 contract

Samples: Loan Agreement (Costamare Inc.)

Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower in writing to, and acknowledged in writing by, the BankLender: (i) the Borrower and its Related Companies have complied with the provisions of all Environmental Laws; (ii) the Borrower and its Related Companies have obtained all Environmental Approvals and are in compliance with all such Environmental Approvals; and (iii) neither the Borrower nor any of its Related Companies have received notice of any Environmental Claim that the Borrower or any of its Related Companies are is not in compliance with any Environmental Law or any Environmental Approval;

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

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