Common use of Interstate Commerce Act Clause in Contracts

Interstate Commerce Act. The Borrower, Partners, each Vessel, and the operation of each Vessel as contemplated in the Charter, are exempt from regulation under the federal Interstate Commerce Act and the rules and regulations promulgated thereunder.

Interstate Commerce Act. The Borrower, PartnersBorrowers, each Vessel, and the operation of each Vessel as contemplated in the CharterCharters and Contracts, are exempt from regulation under the federal Interstate Commerce Act and the rules and regulations promulgated thereunder.