Common use of Notification of Certain Events Clause in Contracts

Notification of Certain Events. The Borrower shall immediately notify the Lender by fax, confirmed forthwith by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the Approved Manager or otherwise in connection with the Ship; (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower shall keep the Lender advised in writing on a regular basis and in such detail as the Lender shall require of the Borrower’s, the Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall procure that each Owner shall immediately notify the Lender Security Trustee by fax, confirmed forthwith by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship owned by it has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its her Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower that Owner or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the BorrowerOwner, the each Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, with and the Borrower shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the Borrower’sOwners’, the Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower Each Shipowner shall immediately notify the Lender by fax, confirmed forthwith forthwith, by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship owned by it has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the ShipShip owned by it, any exercise or purported exercise of any lien on the that Ship or its Earnings or any requisition of the that Ship for hire; (e) any intended dry docking of the ShipShip owned by it; (f) any Environmental Claim made against the Borrower that Shipowner or in connection with the ShipShip owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrowerthat Shipowner, the Approved Manager or a Bareboat Charterer (as the case may be) or otherwise in connection with the Ship;Ship owned by it; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower that Shipowner shall keep the Lender advised in writing on a regular basis and in such detail as the Lender shall require of the Borrower’sthat Shipowner's, the Approved Manager’s 's, a Bareboat Charterer's or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Borrower shall procure that each Guarantor shall immediately notify the Lender by fax, confirmed forthwith by letter, of: (a) any casualty relating to the Ship owned by it which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship owned by it has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the ShipShip owned by it, any exercise or purported exercise of any lien on the that Ship or its Earnings or any requisition of the that Ship for hire; (e) any intended dry docking of the ShipShip owned by it; (f) any Environmental Claim made against the Borrower relevant Guarantor or in connection with the ShipShip owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrowerrelevant Guarantor, the Approved Manager or otherwise in connection with the ShipShip owned by it; (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower shall procure that each Guarantor shall keep the Lender advised in writing on a regular basis and in such detail as the Lender shall require of the Borrowerthat Guarantor’s, the Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall immediately promptly notify the Lender Security Trustee by fax, confirmed forthwith by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately promptly complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, ; and the Borrower shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the Borrower’s, the Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall procure that each Owner shall immediately notify the Lender Security Trustee by fax, confirmed forthwith by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship owned by it has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its her Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower that Owner or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the BorrowerOwner, the Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, with and the Borrower shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the Borrower’sOwner's, the Approved Manager’s 's or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Borrower shall procure that the Owner shall immediately notify the Lender by fax, confirmed forthwith by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its her Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the that Borrower or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the that Borrower, the Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower Owner shall keep the Lender advised in writing on a regular basis and in such detail as the Lender shall require of the BorrowerOwner’s, the Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower Borrowers shall immediately notify the Lender Security Trustee by fax, confirmed forthwith by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the any Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the a Ship, any exercise or purported exercise of any lien on the a Ship or its Earnings or any requisition of the a Ship for hire; (e) any intended dry docking of the a Ship; (f) any Environmental Claim made against the any Borrower or in connection with the a Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the any Borrower, the Approved Manager Managers or otherwise in connection with the a Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, ; and the Borrower Borrowers shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the Borrower’sBorrowers’, the Approved Manager’s Managers’ or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall procure that the Owner shall immediately notify the Lender by fax, confirmed forthwith by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its her Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower Owner or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the BorrowerOwner, the Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, with and the Borrower shall keep the Lender advised in writing on a regular basis and in such detail as the Lender shall require of the BorrowerOwner’s, the Approved Manager’s or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Borrower Each Guarantor shall immediately notify the Lender Security Trustee by faxfax or Email, confirmed forthwith by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship owned by it has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation condition made by any insurer or classification society or by any competent authority which is not immediately complied withwith in accordance with its terms; (d) any arrest or detention of the ShipShip owned by it, any exercise or purported exercise of any lien Security Interest on the that Ship or its the Earnings or any requisition of the that Ship for hire; (e) any intended dry docking of the ShipShip owned by it; (f) any material Environmental Claim made against the Borrower that Guarantor or in connection with the ShipShip owned by it, or any material Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrowerthat Guarantor, the Approved Manager or otherwise in connection with the Ship owned by it which may result in the withdrawal of the Safety Management Certificate, the Document of Compliance or the ISSC applicable to that Ship;, the relevant Guarantor or, as the case may be, the Approved Manager; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, ; and the Borrower that Guarantor shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the Borrowerthat Guarantor’s, the Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall procure that each Owner shall immediately notify the Lender by fax, confirmed forthwith Security Trustee by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship owned by it has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement requirement, condition or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the that Ship, any exercise or purported exercise of any lien on the that Ship or its Earnings or any requisition of the that Ship for hire; (e) any intended dry docking of the that Ship; (f) any Environmental Claim made against the Borrower Owner or in connection with the that Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the BorrowerOwner, the Approved Manager or otherwise in connection with the that Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower Owner shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the BorrowerOwner’s, the Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower Borrowers shall immediately notify the Lender Security Trustee by fax, confirmed forthwith forthwith, by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the a Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the a Ship, any exercise or purported exercise of any lien on the either Ship or its the Earnings or any requisition of the either Ship for hirehire that is not lifted within 7 days; (e) any intended dry docking of the a Ship; (f) any Environmental Claim made against the a Borrower or in connection with the a Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the Approved Manager or otherwise in connection with the Ship; (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, ; and the Borrower Borrowers shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the relevant Borrower’s, the Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall procure that each Owner shall immediately notify the Lender Security Trustee by fax, confirmed forthwith by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship owned by it has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its her Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower that Owner or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the BorrowerOwner, the Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, with and the Borrower shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the BorrowerOwner’s, the Approved Manager’s or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Each Borrower shall immediately notify the Lender Agent by fax, confirmed forthwith by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship owned by it has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the ShipShip owned by it, any exercise or purported exercise of any lien on the that Ship or its her Earnings or any requisition of the that Ship for hire; (e) any intended dry docking of the ShipShip owned by it; (f) any Environmental Claim made against the that Borrower or in connection with the ShipShip owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the Approved Manager that Borrower or otherwise in connection with the Ship;Ship owned by it; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or and/or the ISPS Code not being complied with, and the that Borrower shall keep the Lender Agent advised in writing on a regular basis and in such detail as the Lender Agent shall require of the that Borrower’s's, the Approved Manager’s 's or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Borrower shall immediately notify the Lender Agent by fax, confirmed forthwith by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the any Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any overdue requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the a Ship, any exercise or purported exercise of any lien on the any Ship or its Earnings or any requisition of the a Ship for hire; (e) any intended dry docking of the Shipa Ship other than a routine dry docking; (f) any Environmental Claim made against the Borrower or in connection with the a Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the an Approved Manager or otherwise in connection with the a Ship; (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, with or and the Borrower shall keep the Lender Agent advised in writing on a regular basis and in such detail as the Lender Agent shall require of the Borrower’s, the Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall immediately notify the Lender Security Trustee by faxfax or Email, confirmed forthwith by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation condition made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien Security Interest on the Ship or its the Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, ; and the Borrower shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the Borrower’s, the Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall procure that each Owner shall immediately notify the Lender by fax, confirmed forthwith by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship owned by it has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the ShipShip owned by it, any exercise or purported exercise of any lien on the that Ship or its her Earnings or any requisition of the that Ship for hire; (e) any intended dry docking of the that Ship; (f) any Environmental Claim made against the Borrower that Owner or in connection with the ShipShip owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borroweran Owner, the each Approved Manager or otherwise in connection with the a Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, with and the Borrower shall keep the Lender advised in writing on a regular basis and in such detail as the Lender shall require of the Borrower’sOwners’, the each Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall immediately notify the Lender Security Trustee by fax, confirmed forthwith by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its the Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the Borrower’s, 's and the Approved Manager’s or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Borrower shall immediately notify the Lender by fax, confirmed forthwith forthwith, by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the ShipShip owned by it which will, or is reasonably expected to, last more than 14 days; (f) any Environmental Claim made against the Borrower or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the Approved Manager or the Bareboat Charterer (as the case may be) or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower shall keep the Lender advised in writing on a regular basis and in such detail as the Lender shall require of the Borrower’s, the Approved Manager’s , the Bareboat Charterer or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Each Borrower shall immediately notify the Lender by fax, confirmed forthwith Security Trustee by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship owned by it has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the that Ship, any exercise or purported exercise of any lien on the that Ship or its Earnings or any requisition of the that Ship for hire; (e) any intended dry docking of the that Ship; (f) any Environmental Claim made against the that Borrower or in connection with the that Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the that Borrower, the Approved Manager Managers or otherwise in connection with the that Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the that Borrower shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the that Borrower’s's, the Approved Manager’s Managers' or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Each Borrower shall immediately notify the Lender by fax, confirmed forthwith Security Trustee by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship owned by it has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement requirement, condition or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the that Ship, any exercise or purported exercise of any lien on the that Ship or its Earnings or any requisition of the that Ship for hire; (e) any intended dry docking of the that Ship; (f) any Environmental Claim made against the that Borrower or in connection with the that Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the that Borrower, the Approved Manager or otherwise in connection with the that Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the that Borrower shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall reasonably require of the that Borrower’s's, the Approved Manager’s 's or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Borrower shall immediately notify the Lender by fax, confirmed forthwith forthwith, by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower or in connection with the Ship, Ship or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the either Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower shall keep the Lender advised in writing on a regular basis and in such detail as the Lender shall require of the Borrower’s, the that Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall procure that each Owner shall immediately notify the Lender Security Trustee by fax, confirmed forthwith forthwith, by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship owned by it has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation which, in either case, is material and made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the ShipShip owned by it, any exercise or purported exercise of any lien on the Ship owned by it or its the Earnings or any requisition of the Ship owned by it for hire; (e) any intended dry docking of the ShipShip owned by it; (f) any Environmental Claim made against the Borrower that Owner or in connection with the ShipShip owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, that Owner, the Approved Manager or otherwise in connection with the Ship;Ship owned by it; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower shall procure that each Owner shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the Borrowerthat Owner’s, the Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall procure that each Owner shall immediately notify the Lender Security Trustee by fax, confirmed forthwith by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship owned by it has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the that Ship, any exercise or purported exercise of any lien on the that Ship or its her Earnings or any requisition of the that Ship for hire; (e) any intended dry docking of the that Ship; (f) any Environmental Claim made against the Borrower that Owner or in connection with the that Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borroweran Owner, the each Approved Manager or otherwise in connection with the that Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, with and the Borrower shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the Borrower’sOwners', the each Approved Manager’s 's or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Each Borrower shall immediately notify the Lender by fax, confirmed forthwith by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the any Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the any Ship, any exercise or purported exercise of any lien on the that Ship or its Earnings or any requisition of the that Ship for hire; (e) any intended dry docking of the any Ship; (f) any Environmental Claim made against the any Borrower or in connection with the any Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the any Borrower, the Approved Manager or otherwise in connection with the any Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower Borrowers shall keep the Lender advised in writing on a regular basis and in such detail as the Lender shall require of the Borrower’sBorrowers', the Approved Manager’s 's or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Borrower shall immediately notify the Lender Security Trustee by fax, confirmed forthwith by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or of the ISPS Code being made against the Borrower, the Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the Borrower’s, the Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall procure that each Owner shall immediately notify the Lender Security Trustee by fax, confirmed forthwith by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship owned by it has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the ShipShip owned by it, any exercise or purported exercise of any lien on the that Ship or its her Earnings or any requisition of the that Ship for hire; (e) any intended dry docking of the that Ship; (f) any Environmental Claim made against the Borrower that Owner or in connection with the ShipShip owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borroweran Owner, the each Approved Manager or otherwise in connection with the a Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, with and the Borrower shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the Borrower’sOwners', the each Approved Manager’s 's or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Borrower Borrowers shall immediately notify the Lender Security Trustee by fax, confirmed forthwith forthwith, by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the a Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the a Ship, any exercise or purported exercise of any lien on the either Ship or its the Earnings or any requisition of the either Ship for hirehire that is not lifted within 7 days; (e) any intended dry docking of the a Ship; (f) any Environmental Claim made against the a Borrower or in connection with the a Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the Approved Manager or otherwise in connection with the Ship; (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, ; and the Borrower Borrowers shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the relevant Borrower’s's, the Approved Manager’s 's or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Borrower shall immediately notify the Lender by fax, confirmed forthwith by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its her Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower shall keep the Lender advised in writing on a regular basis and in such detail as the Lender shall require of the Borrower’s, the Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall immediately notify the Lender Security Trustee by fax, confirmed forthwith forthwith, by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation condition made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its the Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, ; and the Borrower shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the Borrower’s, the Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Each Borrower shall immediately notify the Lender by fax, confirmed forthwith Security Trustee by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship owned by it has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement requirement, condition or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the that Ship, any exercise or purported exercise of any lien on the that Ship or its Earnings or any requisition of the that Ship for hire; (e) any intended dry docking of the that Ship; (f) any Environmental Claim made against the that Borrower or in connection with the that Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the that Borrower, the Approved Manager or otherwise in connection with the that Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the that Borrower shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the that Borrower’s's, the Approved Manager’s 's or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Each Borrower shall immediately notify the Lender by fax, confirmed forthwith Security Trustee by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship owned by it has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement requirement, condition or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the that Ship, any exercise or purported exercise of any lien on the that Ship or its Earnings or any requisition of the that Ship for hire; (e) any intended dry docking of the that Ship; (f) any Environmental Claim made against the that Borrower or in connection with the that Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the that Borrower, the Approved Manager Managers or otherwise in connection with the that Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower that Xxxxxxxx shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the that Borrower’s's, the Approved Manager’s Managers' or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Borrower shall procure that the Owner shall immediately notify the Lender Security Trustee by fax, confirmed forthwith by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its her Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower Owner or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the BorrowerOwner, the Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, with and the Borrower shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the BorrowerOwner’s, the Approved Manager’s or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Borrower shall immediately notify the Lender by fax, confirmed forthwith by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower shall keep the Lender advised in writing on a regular basis and in such detail as the Lender shall require of the Borrower’s's, the Approved Manager’s or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Borrower shall immediately notify the Lender by fax, confirmed forthwith by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its the Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the Approved Manager or otherwise in connection with the Ship; or (h) the Borrower's entry into an Approved Charter; (hi) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower shall keep the Lender advised in writing on a regular basis and in such detail as the Lender shall require of the Borrower’s's, the Approved Manager’s 's or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Each Borrower shall immediately notify the Lender Security Trustee by fax, confirmed forthwith by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship owned by it has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society Classification Society or by any competent authority which is not immediately complied withwith in accordance with its terms; (d) any arrest or detention of the ShipShip owned by it, any exercise or purported exercise of any lien on the Ship or its Earnings or any requisition of the such Ship for hire; (e) any intended dry docking of the ShipShip owned by it; (f) any Environmental Claim made against the that Borrower or in connection with the ShipShip owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the that Borrower, the an Approved Manager or otherwise in connection with the Ship;Ship owned by it; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower that Xxxxxxxx shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the that Borrower’s, the any Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall immediately notify the Lender by fax, confirmed forthwith by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the any Approved Manager or otherwise in connection with the Ship; (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, ; and the Borrower shall keep the Lender advised in writing on a regular basis and in such detail as the Lender shall require of the Borrower’s, the relevant Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall immediately notify the Lender Facility Agent by faxfax or subject to Clause 35.5 (Electronic communication), by electronic mail, confirmed forthwith by letter, of: (a) any casualty to the Ship which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requisition of the Ship for hire; (d) any requirement or recommendation made in relation to the Ship by any insurer or classification society or by any competent authority which is not immediately complied withwith in accordance with its terms; (de) any arrest or detention of the Ship, Ship or any exercise or purported exercise of any lien on the Ship or its Earnings or any requisition of the Ship for hireEarnings; (ef) any intended dry docking of the Ship; (fg) any Environmental Claim made against the Borrower or in connection with the Ship, or any Environmental Incident; (gh) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the an Approved Manager or otherwise in connection with the Ship;; or (hi) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower shall keep the Lender Facility Agent advised in writing on a regular basis and in such detail as the Lender Facility Agent (acting on the instructions of the Majority Lenders) shall require of as to the Borrower’s, the any such Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall immediately notify the Lender Security Trustee by fax, confirmed forthwith by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or of the ISPS Code being made against the Borrower, the Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, ; and the Borrower shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the Borrower’s, the Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower Each New Owner shall immediately notify the Lender by fax, confirmed forthwith by letter, of: (a) any casualty to its Ship which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the its Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any material requirement or recommendation made by any insurer or insurer, classification society or by any competent authority in respect of its Ship which is not immediately complied with; (d) any arrest or detention of the its Ship, any exercise or purported exercise of any lien on the its Ship or its Earnings or any requisition of the its Ship for hire; (e) any intended dry docking of the its Ship; (f) any Environmental Claim made against the Borrower that New Owner or in connection with the its Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrowerthat New Owner, the Approved Manager Managers or otherwise in connection with the its Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower that New Owner shall keep the Lender advised in writing on a regular basis and in such detail as the Lender shall require of the Borrowerthat New Owner’s, the Approved Manager’s Managers’ or any other person’s response to any of those events or matters.

Notification of Certain Events. The Each Borrower shall immediately notify the Lender by fax, confirmed forthwith by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the any Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the any Ship, any exercise or purported exercise of any lien on the any Ship or its Earnings or any requisition of the any Ship for hire; (e) any intended dry docking of the any Ship; (f) any Environmental Claim made against the any Borrower or in connection with the any Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the any Borrower, the Approved Manager or otherwise in connection with the any Ship; (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, ; and the each Borrower shall keep the Lender advised in writing on a regular basis and in such detail as the Lender shall require of the that Borrower’s, the Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall immediately notify the Lender Security Trustee by faxfax or email, confirmed forthwith by letter, of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation condition made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien Security Interest on the Ship or its the Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, ; and the Borrower shall keep the Lender Security Trustee advised in writing on a regular basis and in such detail as the Lender Security Trustee shall require of the Borrower’s, the Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Borrower shall procure that the Owner shall immediately notify the Lender by fax, confirmed forthwith by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its her Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the that Borrower or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the that Borrower, the Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, and the Borrower Owner shall keep the Lender advised in writing on a regular basis and in such detail as the Lender shall require of the Borrower’sOwner's, the Approved Manager’s 's or any other person’s 's response to any of those events or matters.

Notification of Certain Events. The Borrower shall immediately notify the Lender by fax, confirmed forthwith forthwith, by letter, letter of: (a) any casualty which is or is likely to be or to become a Major Casualty; (b) any occurrence as a result of which the Ship has become or is, by the passing of time or otherwise, likely to become a Total Loss; (c) any requirement or recommendation made by any insurer or classification society or by any competent authority which is not immediately complied with; (d) any arrest or detention of the Ship, any exercise or purported exercise of any lien on the Ship or its Earnings or any requisition of the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against the Borrower or in connection with the Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Borrower, the Approved Manager or otherwise in connection with the Ship;; or (h) any other matter, event or incident, actual or threatened, the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with, ; (i) and the Borrower shall keep the Lender advised in writing on a regular basis and in such detail as the Lender shall require of the Borrower’s, the Approved Manager’s or any other person’s response to any of those events or matters.