Common use of Environmental and Social Considerations Clause in Contracts

Environmental and Social Considerations. Design, build, operate, and maintain all of the Borrower’s facilities, plants, and equipment in accordance with the requirements set forth in the Environmental and Social Action Plan, the Environmental and Social Legislation, the Environmental and Social Standards and Guidelines, and the Sustainability Policy. In the event that the Borrower or any Guarantor detects: (i) any noncompliance with the Environmental and Social Action Plan, the Environmental and Social Legislation, the Environmental and Social Standards and Guidelines, and/or the Sustainability Policy; or (ii) any Serious Incident, the Borrower shall: (a) notify BlaO within ten (10) Business Days from occurrence in the event of any such noncompliance, or within seventy-two (72) hours in the event of a Serious Incident, providing a reasonably detailed written description of such noncompliance or Serious Incident, including, but not limited to an account of (i) fatalities or serious injuries to personnel, and/or (ii) releases of hazardous substances, and/or (iii) unplanned releases, and/or (iv) explosions or fires; (b) shall engage, diligently and at its own expense, the services of a qualified professional satisfactory to BlaO, to investigate the noncompliance or Serious Incident and prepare a written report for BlaO describing the event, in the understanding that such report shall include a reasonable description of the event, detailing its extent, magnitude and impact; and (c) shall take, diligently and at its own expense, all the steps necessary to implement the pertinent Corrective Action Plan in a form and substance satisfactory to BlaO.

Environmental and Social Considerations. Design, build, operate, and maintain all of the Borrower’s facilities, plants, and equipment in accordance with the requirements set forth in the Environmental and Social Action Plan, the Environmental and Social Legislation, the Environmental and Social Standards and Guidelines, and the Sustainability Policy. In the event that the Borrower or any Guarantor detects: (i) any noncompliance with the Environmental and Social Action Plan, the Environmental and Social Legislation, the Environmental and Social Standards and Guidelines, and/or the Sustainability Policy; or (ii) any Serious Incident, the Borrower shall: (a) notify BlaO IDB Invest within ten (10) Business Days from occurrence in the event of any such noncompliance, or within seventy-two (72) hours in the event of a Serious Incident, providing a reasonably detailed written description of such noncompliance or Serious Incident, including, but not limited to an account of (i) fatalities or serious injuries to personnel, and/or (ii) releases of hazardous substances, and/or (iii) unplanned releases, and/or (iv) explosions or fires; (b) shall engage, diligently and at its own expense, the services of a qualified professional satisfactory to BlaOIDB Invest, to investigate the noncompliance or Serious Incident and prepare a written report for BlaO IDB Invest describing the event, in the understanding that such report shall include a reasonable description of the event, detailing its extent, magnitude and impact; and (c) shall take, diligently and at its own expense, all the steps necessary to implement the pertinent Corrective Action Plan in a form and substance satisfactory to BlaO.IDB Invest.