Common use of Environmental Notifications Clause in Contracts

Environmental Notifications. The Borrowers shall notify the Agents, in writing, within five (5) Business Days of any of the following events occurring after the date of this Agreement: (a) Any written notification made by either Borrower to any federal, state or local environmental agency required under any federal, state or local environmental statute, regulation or ordinance relating to a spill or unauthorized discharge or release of any Hazardous Substance to the environment at, from, or as a result of any operations on, the Rigs or other properties and operations owned or operated by the Borrowers; (b) Knowledge by an officer of the Borrowers of receipt of service by either Borrower of any complaint, compliance order, compliance schedule, notice letter, notice of violation, citation or other similar notice or any judicial demand by any court, federal, state or local environmental agency, alleging (i) any spill, unauthorized discharge or release of any Hazardous Substance to the environment from, or as a result of the operations on, the Rigs or other properties owned or operated by the Borrowers or (ii) violations of applicable laws, regulations or permits regarding the generation, storage, handling, treatment, transportation, recycling, release or disposal of Hazardous Substances on or as a result of operations on the Rigs or other properties and operations owned or operated by the Borrowers. (c) It is understood by the parties hereto that the aforementioned notices are solely for the Agents' information, may not otherwise be required by any federal, state or local environmental laws, regulations or ordinances, and are to be considered confidential information by the Banks and the Agents. (d) The term "environmental agency" as used herein shall include, but not be limited to, the United States Environmental Protection Agency, the United States Coast Guard, the United States Minerals Management Service, the United States Department of Transportation (in its administration of the Hazardous Materials Transportation Act, 49 U.S.C. Sec. 1801, et seq.) and other analogous or similar Governmental Agencies regulating or administering statutes, regulations or ordinances relating to or imposing liability or standards of conduct concerning the generation, storage, use, production, transportation, handling, treatment, recycling, release or disposal of any Hazardous Substance.

Environmental Notifications. The Borrowers Borrower shall notify the AgentsLender, in writing, within five (5) Business Days of any of the following events occurring after the date of this Agreement: (ai) Any written notification made by either the Borrower to any U.S. or foreign federal, state or local environmental agency required under any federal, state or local environmental statute, regulation or ordinance relating to a material spill or material unauthorized discharge or material release of any Hazardous Substance to the environment at, from, or as a result of any operations on, the Rigs Vessel or other properties and operations owned or operated by the BorrowersBorrower; (bii) Knowledge by an officer of the Borrowers Borrower of receipt of service by either the Borrower of any complaint, compliance order, compliance schedule, notice letter, notice of material violation, citation or other similar notice or any judicial demand by any U.S. or foreign court, federal, state or local environmental agency, alleging (iA) any material spill, unauthorized discharge or release of any Hazardous Substance to the environment from, or as a result of the operations on, the Rigs Vessel or other properties owned or operated by the Borrowers Borrower, or (iiB) material violations of applicable laws, regulations or permits regarding the generation, storage, handling, treatment, transportation, recycling, release or disposal of Hazardous Substances on or as a result of operations on the Rigs Vessel or other properties and operations owned or operated by the BorrowersBorrower. (ciii) It is understood by the parties hereto that the aforementioned above mentioned notices are solely for the Agents' Lender's information, may not otherwise be required by any U.S. or foreign federal, state or local environmental laws, regulations or ordinances, and are to be considered confidential information by the Banks and the AgentsLender. (div) The term "environmental agency" as used herein shall include, but not be limited to, the United States Environmental Protection Agency, the United States Coast Guard, the United States Minerals Management Service, the United States Department of Transportation (in its administration of the Hazardous Materials Transportation Act, 49 U.S.C. Sec. 1801, et seq.) and other analogous or similar Governmental Agencies regulating or administering statutes, regulations or ordinances relating to or imposing liability or standards of conduct concerning the generation, storage, use, production, transportation, handling, treatment, recycling, release or disposal of any Hazardous Substance.

Environmental Notifications. The Borrowers shall notify the AgentsLender, in writing, within five (5) Business Days of any of the following events occurring after the date of this Agreement: (a) Any written notification made by either Borrower the Borrowers to any U.S. or foreign federal, state or local environmental agency required under any federal, state or local environmental statute, regulation or ordinance relating to a spill or unauthorized discharge or release of any Hazardous Substance to the environment at, from, or as a result of any operations on, the Rigs Vessels or other properties and operations owned or operated by the Borrowers; (b) Knowledge by an officer of the Borrowers of receipt of service by either Borrower the Borrowers of any complaint, compliance order, compliance schedule, notice letter, notice of violation, citation or other similar notice or any judicial demand by any U.S. or foreign court, federal, state or local environmental agency, alleging (i) any spill, unauthorized discharge or release of any Hazardous Substance to the environment from, or as a result of the operations on, the Rigs Vessels or other properties owned or operated by the Borrowers or (ii) violations of applicable laws, regulations or permits regarding the generation, storage, handling, treatment, transportation, recycling, release or disposal of Hazardous Substances on or as a result of operations on the Rigs Vessels or other properties and operations owned or operated by the Borrowers. (c) It is understood by the parties hereto that the aforementioned above mentioned notices are solely for the Agents' Lender's information, may not otherwise be required by any U.S. or foreign federal, state or local environmental laws, regulations or ordinances, and are to be considered confidential information by the Banks and the AgentsLender. (d) The the term "environmental agency" as used herein shall include, but not be limited to, the United States Environmental Protection Agency, the United States Coast Guard, the United States Minerals Management Service, the United States Department of Transportation (in its administration of the Hazardous Materials Transportation Act, 49 U.S.C. Sec. 1801, et seq.) and other analogous or similar Governmental Agencies regulating or administering statutes, regulations or ordinances relating to or imposing liability or standards of conduct concerning the generation, storage, use, production, transportation, handling, treatment, recycling, release or disposal of any Hazardous Substance.

Environmental Notifications. The Borrowers shall notify the AgentsLender, in writing, within five (5) Business Days of any of the following events occurring after the date of this Credit Agreement: (a) Any written notification made by either Borrower the Borrowers to any U.S. or foreign federal, state or local environmental agency required under any federal, state or local environmental statute, regulation or ordinance relating to a spill or unauthorized discharge or release of any Hazardous Substance to the environment at, from, or as a result of any operations on, the Rigs Vessels or other properties and operations owned or operated by the Borrowers; (b) Knowledge by an officer of the Borrowers of receipt of service by either Borrower the Borrowers of any complaint, compliance order, compliance schedule, notice letter, notice of violation, citation or other similar notice or any judicial demand by any U.S. or foreign court, federal, state or local environmental agency, alleging (i) any spill, unauthorized discharge or release of any Hazardous Substance to the environment from, or as a result of the operations on, the Rigs Vessels or other properties owned or operated by the Borrowers or (ii) violations of applicable laws, regulations or permits regarding the generation, storage, handling, treatment, transportation, recycling, release or disposal of Hazardous Substances on or as a result of operations on the Rigs Vessels or other properties and operations owned or operated by the Borrowers. (c) It is understood by the parties hereto that the aforementioned above mentioned notices are solely for the Agents' Lender's information, may not otherwise be required by any U.S. or foreign federal, state or local environmental laws, regulations or ordinances, and are to be considered confidential information by the Banks and the AgentsLender. (d) The term "environmental agency" as used herein shall include, but not be limited to, the United States Environmental Protection Agency, the United States Coast Guard, the United States Minerals Management Service, the United States Department of Transportation (in its administration of the Hazardous Materials Transportation Act, 49 U.S.C. Sec. Section 1801, et seq.) and other analogous or similar Governmental Agencies regulating or administering statutes, regulations or ordinances relating to or imposing liability or standards of conduct concerning the generation, storage, use, production, transportation, handling, treatment, recycling, release or disposal of any Hazardous Substance.