Common use of Environmental Incident Clause in Contracts

Environmental Incident. Any incident occurs affecting a Borrower or a Vessel or any Charterer or the Managers (or any of them) which may give rise to an Environmental Claim which may have a materially adverse effect on the ability of any Security Party to perform any obligations under any Security Document to which it is a party.

Environmental Incident. Any incident occurs affecting a either of the Borrower or a the Vessel or any Charterer charterer of the Vessel or the Managers (or any of them) which may give rise to an Environmental Claim which may have a materially adverse effect on the ability of any Security Party to perform any obligations under any Security Document to which it is a party.