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 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 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 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 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 Corporate Guarantor 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 Corporate Guarantor 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 BorrowerCorporate Guarantor, 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 Corporate 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 BorrowerCorporate Guarantor’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 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 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 withwith in accordance with its terms; (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 such 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 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 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 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 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 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 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 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 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 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 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 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 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 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.