Common use of Repair and classification Clause in Contracts

Repair and classification. Each Borrower shall keep the Ship owned by it in a good, safe and seaworthy condition and state of repair: (a) consistent with first-class ship ownership and management practice; (b) so as to maintain the highest class with a classification society which is a member of IACS acceptable to the Agent (acting with the authorisation of the Lenders) free of overdue recommendations and conditions of such classification society; (c) so as to comply with all laws and regulations applicable to vessels registered at ports of the Approved Flag State or to vessels trading to any jurisdiction to which such Ship may trade from time to time, including but not limited to the ISM Code and the ISM Code Documentation and the ISPS Code; and (d) each Borrower shall use its best efforts to allow the Agent (or its agents), at any time, to inspect the original class and related records of that Borrower and the Ship owned by it electronically (through the classification society directly) and to take copies of such records.

Repair and classification. Each The Borrower shall keep the Ship owned by it in a good, safe and seaworthy condition and state of repair: (a) consistent with first-class ship ownership and management practice; (b) so as to maintain the highest class with a classification society which is a member of IACS acceptable to the Agent (acting with the authorisation of the Lenders) free of overdue recommendations and conditions of such classification society; (c) so as to comply with all laws and regulations applicable to vessels registered at ports of the an Approved Flag State or to vessels trading to any jurisdiction to which such Ship may trade from time to time, including but not limited to the ISM Code and the ISM Code Documentation and the ISPS Code; and (d) each the Borrower shall use its best efforts to allow the Agent (or its agents), at any time, to inspect the original class and related records of that the Borrower and the Ship owned by it electronically (through the classification society directly) and to take copies of such records.

Repair and classification. Each The Borrower shall procure that each Owner ensures that an Approved Manager shall, keep the Ship owned by it that Owner in a good, good and safe and seaworthy condition and state of repair, sea and cargo worthy in all respects: (a) consistent with first-class ship ownership and management practice; (b) so as to maintain the highest class with a classification society which is a member of IACS acceptable to the Agent (acting with the authorisation of the Lenders) free of overdue recommendations and conditions of such classification society;conditions, with an Approved Classification Society; and (c) so as to comply with all laws and regulations applicable to vessels registered at ports of in the applicable Approved Flag State or to vessels trading to any jurisdiction to which such that Ship may trade from time to time, including but not limited to the ISM Code and the ISM Code Documentation ISPS Code, and the ISPS Code; and (d) each Borrower Agent shall use its best efforts be given power of attorney in the form attached as Schedule 5 to allow act on behalf of the Agent (or its agents)relevant Owner in order to, at any time, to inspect the original class records and related records of that Borrower and the Ship owned any files held by it electronically (through the classification society directly) and to take copies require the classification society to provide the Agent or any of such recordsits nominees with any information, document or file, it might request and the classification society shall be fully entitled to rely hereon without any further inquiry.

Repair and classification. Each Borrower shall keep the Ship owned by it in a good, safe and seaworthy condition and state of repair: (a) consistent with first-class ship ownership and management practice; (b) so as to maintain the highest class with a classification society Classification Society which is a member of IACS acceptable to the Agent (acting with the authorisation of the Lenders) free of overdue recommendations and conditions of such classification societyClassification Society; (c) so as to comply with all laws and regulations applicable to vessels registered at ports of the Approved Flag State or to vessels trading to any jurisdiction to which such Ship may trade from time to time, including but not limited to the ISM Code and the ISM Code Documentation and the ISPS Code; and (d) each Borrower shall use its best commercially reasonably efforts to allow the Agent (or its agents), at any time, to inspect the original class and related records of that Borrower and the Ship owned by it electronically (through the classification society Classification Society directly) and to take copies of such records.

Repair and classification. Each Borrower shall, and shall procure that each Approved Manager shall, keep the Ship owned by it in a good, good and safe and seaworthy condition and state of repair, sea and cargo worthy in all respects: (a) consistent with first-class ship ownership and management practice; (b) so as to maintain the highest class free of overdue recommendations and conditions, with a classification society which is a member of IACS RCS and acceptable to the Agent (acting with the authorisation of the Lenders) free of overdue recommendations and conditions of such classification society;Agent; and (c) so as to comply with all laws and regulations applicable to vessels registered at ports of in the Approved Flag State ▇▇▇▇▇▇▇▇ Islands or to vessels trading to any jurisdiction to which such that Ship may trade from time to time, including but not limited to the ISM Code and the ISM Code Documentation ISPS Code, and the ISPS Code; and (d) each Borrower Agent shall use its best efforts be given power of attorney in the form attached as Schedule 8 to allow the Agent (or its agents)act on behalf of that ▇▇▇▇▇▇▇▇ in order to, at any time, to inspect the original class records and related records of that Borrower and the Ship owned any files held by it electronically (through the classification society directly) and to take copies require the classification society to provide the Lender or any of such recordsits nominees with any information, document or file, it might request and the classification society shall be fully entitled to rely hereon without any further inquiry.

Repair and classification. Each Borrower shall keep the Ship owned by it in a good, safe and seaworthy condition and state of repair: (a) consistent with first-class ship ownership and management practice; (b) so as to maintain the highest class with a classification society Classification Society which is a member of IACS acceptable to the Agent (acting with the authorisation of the Lenders) free of overdue recommendations and conditions of such classification societyClassification Society; (c) so as to comply with all laws and regulations applicable to vessels registered at ports of the Approved Flag State or to vessels trading to any jurisdiction to which such Ship may trade from time to time, including but not limited to the ISM Code and the ISM Code Documentation and the ISPS Code; and (d) each Borrower shall use its best efforts to allow the Agent (or its agents), at any time, to inspect the original class and related records of that Borrower and the Ship owned by it electronically (through the classification society Classification Society directly) and to take copies of such records.