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 and acknowledged in writing by the Bank: (i) the Borrower, the Corporate Guarantors and the other Relevant Parties and to the best of the Borrower’s knowledge and belief their respective Environmental Affiliates have complied, and will comply during the tenure of this Agreement with the provisions of all Environmental Laws applicable at any area the Vessel is sailing in or anchored at. (ii) the Borrower and the other Relevant Parties and to the best of the Borrower’s knowledge and belief their respective Environmental Affiliates have obtained all Environmental Approvals and are and will be during the tenure of this Agreement in compliance with all such Environmental Approvals; and (iii) neither the Borrower, nor the Corporate Guarantors, nor any other Relevant Party nor to the best of the Borrower’s knowledge and belief any of their respective Environmental Affiliates has received notice of any Environmental Claim that the Borrower or any other Relevant Party or any such Environmental Affiliate is not in compliance with any Environmental Law or any Environmental Approval;

Appears in 1 contract

Samples: Loan Agreement (FreeSeas Inc.)

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Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower and acknowledged in writing by the Bank: (i) the Borrower, the Corporate Guarantors Guarantor and the other Relevant Parties and to the best of the Borrower’s knowledge and belief their respective Environmental Affiliates have complied, and will comply during the tenure of this Agreement with the provisions of all Environmental Laws applicable at any area the Vessel is sailing in or anchored at. (ii) the Borrower Borrower, the Corporate Guarantor and the other Relevant Parties and to the best of the Borrower’s knowledge and belief their respective Environmental Affiliates have obtained all Environmental Approvals and are and will be during the tenure of this Agreement in compliance with all such Environmental Approvals; and (iii) neither the Borrower, nor the Corporate GuarantorsGuarantor, nor any other Relevant Party nor to the best of the Borrower’s knowledge and belief any of their respective Environmental Affiliates has received notice of any Environmental Claim that the Borrower or any other Relevant Party or any such Environmental Affiliate is not in compliance with any Environmental Law or any Environmental Approval;

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower and arid acknowledged in writing by the Bank: (i) the Borrower, the Corporate Guarantors Guarantor and the other Relevant Parties and to the best of the Borrower’s knowledge and belief their respective Environmental Affiliates have complied, and will comply during the tenure of this Agreement with the provisions of all Environmental Laws applicable at any area the Vessel is sailing in or anchored at. (ii) the Borrower Borrower, the Corporate Guarantor and the other Relevant Parties and to the best of the Borrower’s knowledge and belief their respective Environmental Affiliates have obtained all Environmental Approvals and are and will be during the tenure of this Agreement in compliance with all such Environmental Approvals; and (iii) neither the Borrower, nor the Corporate GuarantorsGuarantor, nor any other Relevant Party nor to the best of the Borrower’s knowledge and belief any of their respective Environmental Affiliates has received notice of any Environmental Claim that the Borrower or any other Relevant Party or any such Environmental Affiliate is not in compliance with any Environmental Law or any Environmental Approval;

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

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Compliance with Environmental Laws and Approvals. except as may already have been disclosed by the Borrower and acknowledged in writing by the Bank: (i) the Borrower, the Corporate Guarantors Guarantor and the other Relevant Parties and to the best of the Borrower’s 's knowledge and belief their respective Environmental Affiliates have complied, and will comply during the tenure of this Agreement with the provisions of all Environmental Laws applicable at any area the Vessel is sailing in or anchored at. (ii) the Borrower Borrower, the Corporate Guarantor and the other Relevant Parties and to the best of the Borrower’s 's knowledge and belief their respective Environmental Affiliates have obtained all Environmental Approvals and are and will be during the tenure of this Agreement in compliance with all such Environmental Approvals; and (iii) neither the Borrower, nor the Corporate GuarantorsGuarantor, nor any other Relevant Party nor to the best of the Borrower’s 's knowledge and belief any of their respective Environmental Affiliates has received notice of any Environmental Claim that the Borrower or any other Relevant Party or any such Environmental Affiliate is not in compliance with any Environmental Law or any Environmental Approval;

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

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