Common use of Environmental Certificates Clause in Contracts

Environmental Certificates. The Administrative Agent shall have received copies of Certificates of Inspection, Certificates of Compliance, Vessel Certificates of Financial Responsibility (Water Pollution) or International Oil Pollution Prevention Certificate, each issued by the United States Coast Guard (or the substantial equivalent in the case of foreign assets) for each of the Initial Mortgaged Revolving Credit Facility Rigs and shall be reasonably satisfied with the contents thereof.

Environmental Certificates. The Administrative Agent shall have received copies of Certificates of Inspection, Certificates of Compliance, Vessel Certificates of Financial Responsibility (Water Pollution) or International Oil Pollution Prevention Certificate, each issued by the United States Coast Guard (or the substantial equivalent in the case of foreign assetsassets if available) for each of the Initial Mortgaged Revolving Credit Term Loan Facility Rigs and shall be reasonably satisfied with the contents thereof.