Common use of Notification of Certain Events Clause in Contracts

Notification of Certain Events. The Borrower shall procure that each Owner shall immediately notify the 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 Ship owned by it, any exercise or purported exercise of any lien on that Ship or her Earnings or any requisition of that Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against that Owner or in connection with the Ship owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Owner, the Approved Manager or otherwise in connection with the 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 keep the Security Trustee advised in writing on a regular basis and in such detail as the Security Trustee shall require of the 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 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 Ship owned by it, any exercise or purported exercise of any lien on that Ship or her Earnings or any requisition of that Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against that Owner or in connection with the Ship owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Owner, the Approved Manager or otherwise in connection with the 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 keep the Security Trustee advised in writing on a regular basis and in such detail as the Security Trustee shall require of the Owner’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 procure that each Owner shall immediately notify the Security Trustee by letter 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 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 owned by itShip, any exercise or purported exercise of any lien on that the Ship or her its Earnings or any requisition of that the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against that Owner the Borrower or in connection with the Ship owned by itShip, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the OwnerBorrower, the any technical Approved Manager or otherwise in connection with the Ship owned by itShip; 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 Security Trustee advised in writing on a regular basis and in such detail as the Security Trustee shall require of the OwnerBorrower’s, the that Approved Manager’s or any other person’s response to any of those events or matters.

Notification of Certain Events. The Each Borrower shall procure that each Owner shall immediately notify the 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 withwith in accordance with its terms; (d) any arrest or detention of the Ship owned by it, any exercise or purported exercise of any lien on that the Ship or her its Earnings or any requisition of that such Ship for hire; (e) any intended dry docking of the ShipShip owned by it; (f) any Environmental Claim made against that Owner Borrower or in connection with the Ship owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Ownerthat Borrower, the Approved Manager or otherwise in connection with the 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 with, and the that Borrower shall keep the Security Trustee advised in writing on a regular basis and in such detail as the Security Trustee shall require of the Ownerthat 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 Security Trustee 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 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 owned by itShip, any exercise or purported exercise of any lien on that the Ship or her its Earnings or any requisition of that the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against that Owner the Borrower or in connection with the Ship owned by itShip, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the OwnerBorrower, either of the Approved Manager Managers or otherwise in connection with the Ship owned by itShip; 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 Security Trustee Lender advised in writing on a regular basis and in such detail as the Security Trustee Lender shall require of the Owner’s, Borrower's and 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 each Owner shall immediately notify the 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 Ship owned by it, any exercise or purported exercise of any lien on that Ship or her Earnings or any requisition of that Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against that Owner or in connection with the Ship owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Owner, the Approved Manager or otherwise in connection with the 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 keep the Security Trustee advised in writing on a regular basis and in such detail as the Security Trustee shall require of the Owner’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 procure that each Owner shall immediately notify the Security Trustee by letter fax, 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 owned by it, any exercise or purported exercise of any lien on that Ship or her its Earnings or any requisition of that Ship for hire; (e) any intended dry docking of the ShipShip owned by it; (f) any Environmental Claim made against that Owner Borrower or in connection with the Ship owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Ownerthat Borrower, the Approved Manager or otherwise in connection with the 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 with, and the that Borrower shall keep the Security Trustee advised in writing on a regular basis and in such detail as the Security Trustee shall require of the Owner’sthat Borrower'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 each Owner shall immediately notify the 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 any withdrawal of class) or by any competent authority which is not immediately complied withwith in accordance with its terms; (d) any arrest or detention of the Ship owned by itwhich is not lifted within forth eight (48) hours, any exercise or purported exercise of any lien on that the Ship or her Earnings or any requisition of that the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against that Owner the Borrower or in connection with the Ship owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the OwnerBorrower, the Approved Manager or otherwise in connection with the Ship owned by itShip; 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 Security Trustee advised in writing on a regular basis and in such detail as the Security Trustee shall require of the OwnerBorrower’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 procure that each Owner shall immediately notify the Security Trustee by letter 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 owned by it 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 Ship owned by itShip, any exercise or purported exercise of any lien on that the Ship or her its Earnings or any requisition of that the Ship for hire; (e) any intended dry docking of the ShipShip other than a routine dry docking; (f) any Environmental Claim made against that Owner the Borrower or in connection with the Ship owned by itShip, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the OwnerBorrower, the Approved Manager or otherwise in connection with the Ship owned by itShip; 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 Security Trustee advised in writing on a regular basis and in such detail as the Security Trustee shall require of the OwnerBorrower’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 the Owner shall immediately notify the Security Trustee Lender by letter 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 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 withwith in accordance with its terms; (d) any arrest or detention of the Ship owned by itShip, any exercise or purported exercise of any lien on that the Ship or her its Earnings or its Insurances or any requisition of that the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against that the Owner or in connection with the Ship owned by itShip, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the OwnerOwner and, to the extent that the Owner is aware of such claim, the Approved Manager or otherwise in connection with the Ship owned by itShip; or (h) any other matter, event or incident, actual or threatened, threatened the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with with; and that the Borrower Owner shall keep the Security Trustee Lender advised in writing on a regular basis and in such detail as the Security Trustee Lender shall require of the 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 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 a 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 any withdrawal of class) or by any competent authority which is not immediately complied withwith in accordance with its terms; (d) any arrest or detention of the a Ship owned by itwhich is not lifted within forth eight (48) hours, any exercise or purported exercise of any lien on that a Ship or her Earnings or any requisition of that Ship for hire; (e) any intended dry docking of the a Ship; (f) any Environmental Claim made against that Owner the Borrowers or in connection with the Ship owned by it, Ships or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the OwnerBorrowers, the Approved Manager or otherwise in connection with the Ship owned by itShips; 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 Borrowers shall keep the Security Trustee advised in writing on a regular basis and in such detail as the Security Trustee shall require of the Owner’sBorrowers’, 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 procure that each Owner of a Mortgaged Ship shall immediately notify the Security Trustee Lender by letter 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 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 owned by itthat Ship, any exercise or purported exercise of any lien on that Ship or her its Earnings or any requisition of that Ship thereof for hire; (e) any intended dry docking of the that Ship; (f) any Environmental Claim made against that the relevant Owner or in connection with the Ship owned by itof its Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the relevant Owner, the Approved Manager or otherwise in connection with the 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 with, and the Borrower shall keep the Security Trustee Lender advised in writing on a regular basis and in such detail as the Security Trustee Lender shall require of the relevant 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 the Owner shall immediately notify the Security Trustee Agent by letter 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 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 withwith in accordance with its terms; (d) any arrest or detention of the Ship owned by itShip, any exercise or purported exercise of any lien on that the Ship or her Earnings or her Insurances or any requisition of that the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against that the Owner or in connection with the Ship owned by itShip, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the OwnerOwner and, to the extent that the Owner is aware of such claim, the Approved Manager or otherwise in connection with the Ship owned by itShip; or (h) any other matter, event or incident, actual or threatened, threatened the effect of which will or could lead to the ISM Code or the ISPS Code not being complied with with; and that the Borrower Owner shall keep the Security Trustee Agent advised in writing on a regular basis and in such detail as the Security Trustee Lenders shall require of the 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 Security Trustee Lender 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 Ship owned by it, any exercise or purported exercise of any lien on that Ship or her Earnings or any requisition of that Ship for hire; (e) any intended dry docking of the ShipShip owned by it; (f) any Environmental Claim made against that Owner or in connection with the Ship 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 Owner, the Approved Manager or otherwise in connection with the 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 with, and the Borrower that Owner shall keep the Security Trustee Lender advised in writing on a regular basis and in such detail as the Security Trustee Lender shall require of the that Owner’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 procure that each Owner shall immediately notify the Security Trustee Lender 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 Ship owned by it, any exercise or purported exercise of any lien on that Ship or her Earnings or any requisition of that Ship for hire; (e) any intended dry docking of the ShipShip owned by it; (f) any Environmental Claim made against that Owner Borrower or in connection with the Ship owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Ownerthat Borrower, the Approved Manager or otherwise in connection with the 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 with, and the that Borrower shall keep the Security Trustee Lender advised in writing on a regular basis and in such detail as the Security Trustee Lender shall require of the Owner’sthat Borrower'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 procure that each Owner shall immediately notify the Security Trustee Agent by letter or other approved method of communication 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 withwith within the required or applicable time; (d) any arrest or detention of the Ship owned by itShip, any exercise or purported exercise of any lien on that Ship or her the Earnings or any requisition of that the Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against that Owner the Borrower or in connection with the Ship owned by itShip, or any Environmental Incident; (g) any claim for breach of material non-compliance with the ISM Code or the ISPS Code being made against the Owner, the Approved Manager or otherwise in connection with the Ship owned by it; oror which might affect the validity of the Ship’s document of compliance (DOC) or safety management certificate (SMC); (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 with; or (i) the withdrawal or threatened withdrawal of the Document of Compliance and/or Safety Management Certificate relating to the Ship, and the Borrower shall keep the Security Trustee Agent advised in writing on a regular basis and in such detail as the Security Trustee Agent shall require of the OwnerBorrower’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 procure that each Owner shall immediately notify the 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 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 Ship owned by it, any exercise or purported exercise of any lien on that the Ship or her its Earnings or any requisition of that such Ship for hire; (e) any intended dry docking of the ShipShip owned by it; (f) any Environmental Claim made against that Owner Borrower or in connection with the Ship owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Ownerthat Borrower, the an Approved Manager or otherwise in connection with the 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 with, and the that Borrower shall keep the Security Trustee advised in writing on a regular basis and in such detail as the Security Trustee shall require of the Ownerthat Xxxxxxxx’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 procure that each Owner of a Mortgaged Ship shall immediately notify the Security Trustee Lender by letter 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 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 owned by itthat Ship, any exercise or purported exercise of any lien on that Ship or her its Earnings or any requisition of that Ship thereof for hire; (e) any intended dry docking of the that Ship; (f) any Environmental Claim made against that the relevant Owner or in connection with the Ship owned by itof its Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the relevant Owner, the Approved Manager or otherwise in connection with the 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 with, and the Borrower shall keep the Security Trustee Lender advised in writing on a regular basis and in such detail as the Security Trustee Lender shall require of the relevant Owner’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 procure that each Owner Each Guarantor shall immediately upon acquiring knowledge thereof notify the Security Trustee Agent by letter fax, confirmed forthwith by letter, of: (a) any casualty 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 affecting class made in relation to the Ship owned by it by any insurer or classification society or by any competent authority which is not immediately complied withwith during the specified period given to such Guarantor to comply with such requirement or recommendation; (d) any arrest or detention of the Ship owned by it, any exercise or purported exercise of any lien on that Ship or her its Earnings or any requisition of that Ship for hire; (e) any intended dry docking of the ShipShip owned by it (in respect of which notification by fax only shall be required); (f) any Environmental Claim made against that Owner Guarantor or in connection with the Ship owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Ownerthat Guarantor, the Approved Manager or otherwise in connection with the 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 with, and the Borrower that Guarantor shall keep the Security Trustee Agent advised in writing on a regular basis and in such detail as the Security Trustee Agent shall require of the Ownerthat 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 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 Ship owned by it, any exercise or purported exercise of any lien on that Ship or her Earnings or any requisition of that Ship for hire; (e) any intended dry docking of the Ship; (f) any Environmental Claim made against that Owner or in connection with the Ship owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Owner, the Approved Manager or otherwise in connection with the 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 with, and the Borrower shall keep the Security Trustee advised in writing on a regular basis and in such detail as the Security Trustee shall require of the Owner’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 procure that each Owner Borrowers shall immediately notify the 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 a 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 any withdrawal of class) or by any competent authority which is not immediately complied withwith in accordance with its terms; (d) any arrest or detention of the a Ship owned by itwhich is not lifted within forth eight (48) hours, any exercise or purported exercise of any lien on that a Ship or her Earnings or any requisition of that Ship for hire; (e) any intended dry docking of the a Ship; (f) any Environmental Claim made against that Owner the Borrowers or in connection with the Ship owned by it, Ships or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the OwnerBorrowers, the Approved Manager or otherwise in connection with the Ship owned by itShips; 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 Borrowers shall keep the Security Trustee advised in writing on a regular basis and in such detail as the Security Trustee shall require of the Owner’sBorrowers’, 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 procure that each Owner shall immediately notify the Security Trustee Lender 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 Ship owned by it, any exercise or purported exercise of any lien on that Ship or her Earnings or any requisition of that Ship for hire; (e) any intended dry docking of the ShipShip owned by it; (f) any Environmental Claim made against that Owner Borrower or in connection with the Ship owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Ownerthat Borrower, the Approved Manager or otherwise in connection with the 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 with, and the Borrower that Owner shall keep the Security Trustee Lender advised in writing on a regular basis and in such detail as the Security Trustee Lender shall require of the that Owner’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 procure that each Owner shall immediately notify the Security Trustee Lender by letter of: (a) any casualty which is or is likely to be or to become a Major CasualtyCasualty in respect of the Ship owned by it; (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 owned by itthat Ship, any exercise or purported exercise of any lien on that the Ship or her Earnings or any requisition of that Ship for hire; (e) any intended dry docking of the that Ship; (f) any Environmental Claim made against that Owner or in connection with the Ship 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 Owner, the Approved Manager or otherwise in connection with the 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 keep the Security Trustee Lender advised in writing on a regular basis and in such detail as the Security Trustee Lender shall require of the each Owner’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 procure that each Owner shall immediately notify the Security Trustee by letter fax, 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 owned by it, any exercise or purported exercise of any lien on that Ship or her its Earnings or any requisition of that Ship for hire; (e) any intended dry docking of the ShipShip owned by it; (f) any Environmental Claim made against that Owner Borrower or in connection with the Ship owned by it, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Ownerthat Borrower, the Approved Manager or otherwise in connection with the 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 with, and the that Borrower shall keep the Security Trustee advised in writing on a regular basis and in such detail as the Security Trustee shall require of the Ownerthat 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 Security Trustee 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 Financed 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 owned by itFinanced Ship, any exercise or purported exercise of any lien on that the Financed Ship or her its Earnings or any requisition of that the Financed Ship for hire; (e) any intended dry docking of the Financed Ship; (f) any Environmental Claim made against that Owner the Borrower or in connection with the Ship owned by itFinanced Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the OwnerBorrower, either of the Approved Manager Managers or otherwise in connection with the Ship owned by itFinanced 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 Security Trustee Lender advised in writing on a regular basis and in such detail as the Security Trustee Lender shall require of the Owner’s, Borrower's and 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 each Owner Obligors shall immediately notify the Security Trustee Agent by letter 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 any 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 withwith within the applicable time limit; (d) any arrest or detention of the Ship owned by ita Ship, any exercise or purported exercise of any lien on that any Ship or her its Earnings or any requisition of that a Ship for hirehire which may be material in the context of this Agreement; (e) any intended dry docking of the Shipa Ship other than a routine dry docking; (f) any Environmental Claim made against that Owner any Obligor or in connection with the Ship owned by ita Ship, or any Environmental Incident; (g) any claim for breach of the ISM Code or the ISPS Code being made against the Owneran Obligor, the an Approved Manager or otherwise in connection with the Ship owned by ita 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 Obligors shall keep the Security Trustee Agent advised in writing on a regular basis and in such detail as the Security Trustee Agent shall require of the Ownerany Obligor’s, the Approved Manager’s or any other person’s response to any of those events or matters.