Common use of Notification of Environmental Claims Clause in Contracts

Notification of Environmental Claims. The Borrower shall inform the Agent in writing as soon as reasonably practicable upon becoming aware of the same: (a) if any material Environmental Claim has been commenced or (to the best of the Obligors’ knowledge and belief) is threatened against any of the Obligors or any of the Rigs; and (b) of any incident, event, fact or circumstances which will or are reasonably likely to result in any material Environmental Claim being commenced or threatened against any of the Obligors, or any of the Rigs.

Appears in 7 contracts

Samples: Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement

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Notification of Environmental Claims. The Borrower shall inform the Security Agent in writing as soon as reasonably practicable upon becoming aware of the same: (a) if any material Environmental Claim has been commenced or (to the best of the Obligors’ knowledge and belief) is threatened against any of the Obligors or any of the RigsRig; and (b) of any incident, event, fact or circumstances which will or are reasonably likely to result in any material Environmental Claim being commenced or threatened against any of the Obligors, or any of the RigsRig.

Appears in 2 contracts

Samples: Common Terms Agreement (Seadrill Partners LLC), Common Terms Agreement (Seadrill Partners LLC)

Notification of Environmental Claims. The Borrower Each Obligor shall inform the Facility Agent in writing as soon as reasonably practicable upon becoming aware of the same: : (a) if any material Environmental Claim has been commenced or (to the best of the Obligors’ any Obligor's knowledge and belief) is threatened against any of the Obligors or any of the RigsCollateral Vessels; and and (b) of if any incident, event, fact or and circumstances which will or are reasonably likely to result in any material Environmental Claim being commenced or threatened against any of the Obligors, Obligors or any of the RigsCollateral Vessels.

Appears in 2 contracts

Samples: Senior Secured Term Loan Facility Agreement (Flex LNG Ltd.), Senior Secured Term Loan Facility Agreement (Flex LNG Ltd.)

Notification of Environmental Claims. The Borrower Borrowers shall inform the Agent in writing as soon as reasonably practicable upon becoming aware of the same: (: a) if any material Environmental Claim has been commenced or (to the best of the ObligorsBorrowers’ knowledge and belief) is threatened against any of the Obligors Borrowers or any of the RigsFirst Vessels; and (b) of any incident, event, fact or circumstances which will or are reasonably likely to result in any material Environmental Claim being commenced or threatened against any of the Obligors, or any of the Rigs.

Appears in 1 contract

Samples: Loan Agreement (B Plus H Ocean Carriers LTD)

Notification of Environmental Claims. The Borrower Each of the Obligors shall inform the Agent in writing as soon as reasonably practicable upon becoming aware of the same: (a) if any material Environmental Claim has been commenced or (to the best of the Obligors’ knowledge and belief) is threatened against any of the Obligors or any of the RigsDrillships; and (b) of any incident, event, fact or circumstances which will or are reasonably likely to result in any material Environmental Claim being commenced or threatened against any of the Obligors, or any of the RigsDrillships.

Appears in 1 contract

Samples: Senior Secured Credit Facility Agreement (Ocean Rig UDW Inc.)

Notification of Environmental Claims. The Parent and the Borrower shall inform the Agent in writing as soon as reasonably practicable upon becoming aware of the same: (a) if any material Environmental Claim has been commenced or (to the best of the Obligors’ knowledge and belief) is threatened against any of the Obligors or any of the RigsDrillship; and (b) of any incident, event, fact or circumstances which will or are reasonably likely to result in any material Environmental Claim being commenced or threatened against any of the Obligors, or any of the RigsDrillship.

Appears in 1 contract

Samples: Senior Secured Credit Facility Agreement (Seadrill Partners LLC)

Notification of Environmental Claims. The Borrower Obligors shall inform the Agent in writing as soon as reasonably practicable upon becoming aware of the same: (a) if any material Environmental Claim has been commenced or (to the best of the Obligors’ knowledge and belief) is threatened against any of the Obligors or any of the RigsDrilling Unit; and (b) of any incident, event, fact or circumstances which will or are reasonably likely to result in any material Environmental Claim being commenced or threatened against any of the Obligors, Obligors or any of the RigsDrilling Unit.

Appears in 1 contract

Samples: Term Loan and Revolving Credit Facilities Agreement (Seadrill Partners LLC)

Notification of Environmental Claims. The Borrower shall inform the Agent in writing as soon as reasonably practicable upon becoming aware of the same: (a) if any material Environmental Claim has been commenced or (to the best of the Obligors’ knowledge and belief) is threatened against any of the Obligors or any of the Rigsa Collateral Rig; and (b) of any incident, event, fact or circumstances which will or are reasonably likely to result in any material Environmental Claim being commenced or threatened against any of the Obligors, or any of the Rigsa Collateral Rig.

Appears in 1 contract

Samples: Senior Secured Credit Facility Agreement (North Atlantic Drilling Ltd.)

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Notification of Environmental Claims. The Borrower Each Obligor shall inform the Agent in writing as soon as reasonably practicable upon becoming aware of the same: (a) if any material Environmental Claim has been commenced or (to the best of the Obligors’ Obligor's knowledge and belief) is threatened against any of the Obligors an Obligor or any of the Rigsa Vessel; and (b) of any incident, event, fact or and circumstances which will or are reasonably likely to result in any material Environmental Claim being commenced or threatened against any of the Obligors, an Obligor or any of the Rigsa Vessel.

Appears in 1 contract

Samples: Term Loan Facility (Flex LNG Ltd.)

Notification of Environmental Claims. The Borrower shall inform the Agent in writing as soon as reasonably practicable upon becoming aware of the same: (a) if any material Environmental Claim has been commenced or (to the best of the Obligors’ Borrower’s knowledge and belief) is threatened against any of the Obligors or any of the RigsBorrower; and (b) of any incident, event, fact or and circumstances which will or are reasonably likely to result in any material Environmental Claim being commenced or threatened against any of the ObligorsBorrower, or any of where the Rigsclaim would be reasonably likely, if determined against the Borrower, to have a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Seawell LTD)

Notification of Environmental Claims. The Borrower Parent and the Borrowers shall inform the Agent in writing as soon as reasonably practicable upon becoming aware of the same: (a) : if any material Environmental Claim has been commenced or (to the best of the Obligors’ knowledge and belief) is threatened against any of the Obligors or any of the RigsDrillships; and (b) of any incident, event, fact or circumstances which will or are reasonably likely to result in any material Environmental Claim being commenced or threatened against any of the Obligors, or any of the Rigs.

Appears in 1 contract

Samples: Senior Secured Credit Facility Agreement (Seadrill Partners LLC)

Notification of Environmental Claims. The Borrower Each Obligor shall inform the Agent in writing as soon as reasonably practicable upon becoming aware of the same: (a) if any material Environmental Claim has been commenced or (to the best of the Obligors’ Borrower’s knowledge and belief) is threatened against any of the Obligors or any of the RigsVessels; and (b) of if any incident, event, fact or and circumstances which will or are reasonably likely to result in any material Environmental Claim being commenced or threatened against any of the Obligors, Obligors or any of the RigsVessels.

Appears in 1 contract

Samples: Term Loan Facility Agreement (KNOT Offshore Partners LP)

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