Common use of Pollution Liability Clause in Contracts

Pollution Liability. Each Security Party shall take, or cause to be taken, such actions as may be reasonably required to mitigate potential liability to it arising out of pollution incidents or as may be reasonably required to protect the interests of the Creditor Parties with respect thereto.

Appears in 17 contracts

Samples: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Dorian LPG Ltd.), Credit Agreement (Scorpio Bulkers Inc.)

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Pollution Liability. Each Security Party shall take, or cause to be taken, such actions as may be reasonably required to mitigate potential material liability to it arising out of pollution incidents or as may be reasonably required and to protect the material interests of the Creditor Parties with respect thereto.

Appears in 1 contract

Samples: Second Lien Loan Agreement (Eagle Bulk Shipping Inc.)

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