Common use of No Environmental Claims Clause in Contracts

No Environmental Claims. except as may already have been disclosed by the Borrower in writing to, and acknowledged in writing by, the Lender: (i) there is no Environmental Claim in excess of $500,000 pending or, to the best of the Borrower’s knowledge and belief, threatened against the Borrower or the Vessel or the Borrower’s Related Companies or any other Relevant Ship; and (ii) there has been no emission, spill, release or discharge of a Material of Environmental Concern from the Vessel or any other Relevant Ship or the Vessel owned by, managed or crewed by or chartered to the Borrower which could give rise to an Environmental Claim in excess of $500,000;

Appears in 2 contracts

Samples: Loan Agreement (Performance Shipping Inc.), Loan Agreement (Performance Shipping Inc.)

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No Environmental Claims. except as may already have been disclosed by the Borrower in writing to, and acknowledged in writing by, the LenderBank: (i) there is no Environmental Claim in excess of $500,000 pending or, to the best of the Borrower’s knowledge and belief, threatened against the Borrower Borrower, the Owner or the Vessel or the Borrower’s Related Companies or any other Relevant Ship; and (ii) there has been no emission, spill, release or discharge of a Material of Environmental Concern from the Vessel or any other Relevant Related Ship or the Vessel any vessel owned by, managed or crewed by or chartered to the Borrower Owner which could give rise to an Environmental Claim in excess of $500,000Claim;

Appears in 1 contract

Samples: Credit Agreement (Paragon Shipping Inc.)

No Environmental Claims. except as may already have been disclosed by the Borrower in writing to, and acknowledged in writing by, the Lender: (i) there is no Environmental Claim in excess of $500,000 pending or, to the best of the Borrower’s knowledge and belief, threatened against the Borrower or the Vessel or the Borrower’s Related Companies or any other Relevant Ship; and (ii) there has been no emission, spill, release or discharge of a Material of Environmental Concern from the Vessel or any other Relevant Ship or the Vessel owned by, managed or crewed by or chartered to the Borrower which could give rise to an Environmental Claim in excess of $500,000Claim;

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

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No Environmental Claims. except as may already have been disclosed by the Borrower in writing to, and acknowledged in writing by, the Lender: (i) there is no Environmental Claim in excess of Six hundred thousand Dollars ($500,000 600,000) pending or, to the best of the Borrower’s knowledge and belief, threatened against the Borrower or the Vessel or the Borrower’s Related Companies or any other Relevant Ship; and (ii) there has been no emission, spill, release or discharge of a Material of Environmental Concern from the Vessel or any other Relevant Ship or the Vessel any vessel owned by, managed or crewed by or chartered to the Borrower which could give rise to an Environmental Claim in excess of $500,000Claim;

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

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