Common use of ISM Code and ISPS Code compliance Clause in Contracts

ISM Code and ISPS Code compliance. Each Guarantor has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned or to be owned by it and its operation and will be or will cause such Ship and the Approved Manager to be in full compliance with the ISM Code and the ISPS Code.

Appears in 2 contracts

Sources: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

ISM Code and ISPS Code compliance. Each Guarantor has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned or to be owned by it and its such Ship’s operation and will be or will cause such Ship and the Approved Manager to be in full compliance with the ISM Code and the ISPS Code.

Appears in 2 contracts

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

ISM Code and ISPS Code compliance. Each The Guarantor has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and the ISPS Code Documentation in connection with the Ship owned or to be owned by it and its operation and will be or will cause such Ship and the Approved Manager to be is in full compliance with the ISM Code and the ISPS Code.

Appears in 1 contract

Sources: Guarantee (EuroDry Ltd.)

ISM Code and ISPS Code compliance. Each Guarantor that owns a Ship has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the its Ship owned or to be owned by it and its operation and will be or will cause such each Ship and the relevant Approved Manager to be in full compliance with the ISM Code and the ISPS Code.

Appears in 1 contract

Sources: Loan Agreement (Ultrapetrol Bahamas LTD)