Environmental Incidents an Environmental Incident occurs which gives rise, or may give rise, to an Environmental Claim which could, in the opinion of the Agent be expected to have a material adverse effect (i) on the business, assets or financial condition of any Security Party or the Group taken as a whole or (ii) on the security constituted by any of the Security Documents or the enforceability of that security in accordance with its terms; or
Environmental Incidents. An Environmental Incident occurs which gives rise, or may give rise, to an Environmental Claim which could, in the reasonable opinion of the Majority Lenders be expected to have a Material Adverse Effect.
Environmental Incidents there is an Environmental Incident which gives rise, or may give rise, to Environmental Claims which could, in the opinion of the Bank be expected to have a material adverse effect (i) on the business, assets, operations, property or financial condition of any Security Party or the Borrower’s Group taken as a whole or (ii) on the security constituted by any of the Security Documents or the enforceability of that security in accordance with its terms; or
Environmental Incidents. Each Debtor shall take, or cause to be taken, such actions as may be reasonably required to mitigate potential liability to it arising out of Environmental Incidents or as may be reasonably required to protect the interests of the Agent and the Lenders with respect thereto.
Environmental Incidents. 7.5.1 An environmental incident may include, but is not limited to the following: spillage of hazardous materials (as defined by the Waste Management Act, 1996 as amended); any spillage which cannot be rapidly contained and controlled, For example oil spills; inappropriate disposal of waste
7.5.2 In the event of an environmental incident, the Operator shall: carry out an investigation to identify the nature and cause of the incident and any emission arising; isolate the source of any such emission; evaluate the environmental pollution/ contamination, if any, caused by the incident; identify and execute measures to minimise the emissions and the effects thereof; notify relevant authorities; notify the Authority as soon as practicable.
7.5.3 The Operator shall identify and put in place measures to avoid the reoccurrence of the incident.
Environmental Incidents an Environmental Incident occurs which gives rise, or may give rise, to an Environmental Claim for an amount or amounts exceeding six hundred thousand Dollars ($600,000) which could, in the reasonable opinion of the Lender be expected to have a Material Adverse Effect (i) on the financial condition of any Security Party or (ii) on the security constituted by any of the Security Documents or the enforceability of that security in accordance with its terms; or
Environmental Incidents. All environmental incidents such as pollution (air, water, land, noise, etc.), bird kills, and animals killed, plants destroyed, public complaints etc. shall be reported to project leader and / or environmental advisor within 24 hours of its occurrence. • All environmental incidents occurring on site shall be recorded according to Eskom Procedure detailing how each incident was dealt with. Proof thereof must be kept in an incident register. • The Contractor shall be held liable for any infringement of statutory requirements of the Environmental relevant legislation.
Environmental Incidents. Each Obligor shall, and shall procure that each other Transaction Obligor will, take, or cause to be taken, such actions as may be reasonably required to mitigate potential liability to it arising out of Environmental Incidents or as may be reasonably required to protect the interests of the Creditor Parties with respect thereto.
Environmental Incidents. If an environmental incident occurs, Kew‟s emergency procedures should be followed. Any environmentally hazardous material spillage should be cleaned up and disposed of in compliance with Kew‟s procedures. All incidents must be reported.
Environmental Incidents. There is an Environmental Incident and the Vessel is arrested or attached in connection with such Environmental Incident and not released within a period of ninety (90) days thereafter.
