COMPLIANCE WITH INSURANCE AND SHIP COVENANTS Sample Clauses

COMPLIANCE WITH INSURANCE AND SHIP COVENANTS. The Owner shall comply with the provisions of clause 12 (insurance) and 13 (ship covenants) of the Loan Agreement and, at all times during the Charter Period, shall procure that the Bareboat Charterer shall perform all the covenants and undertakings to be observed, performed and complied with by or on behalf of the Owner under clause 12 and clause 13 of the Loan Agreement. To the extent that the Bareboat Charterer duly performs and discharges its obligations set out in this Clause 9.11 or to the further extent that the Bareboat Charterer, by its performance of the Bareboat Charter, performs and discharges further obligations of the Owner contained in the Finance Documents, then such performance and discharge shall, to that extent, be deemed due performance and discharge of the Owner’s obligations under the Finance Documents.
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COMPLIANCE WITH INSURANCE AND SHIP COVENANTS. Each of Industrial, Ventspils, Semichlaus, Oxford and Energetic shall procure the performance by Unigas Kosan, Finaval and Petredec respectively of all the covenants and undertakings to be observed, performed and complied with, by or on behalf of each of Industrial, Ventspils, Semichlaus, Oxford and Energetic respectively under Clause 12 (other than Clause 12.16) and Clause 13 and, to the extent that each Bareboat Charterer duly performs and discharges its obligations set out in this Clause 13.16 or to the further extent that each Bareboat Charterer, by its performance of the relevant Bareboat Charter, performs and discharges further obligations of Industrial, Ventspils, Semichlaus, Energetic and Baroness (as the case may be) contained in the Finance Documents, then such performance and discharge shall, to that extent, be deemed due performance and discharge of Industrial's, Ventspils', Semichlaus', Oxford's and Energetic's obligations (as the case may be) under the Finance Documents.
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COMPLIANCE WITH INSURANCE AND SHIP COVENANTS. The Borrowers shall procure the performance by each Bareboat Charterer of all the covenants and undertakings to be observed, performed and complied with, by or on behalf of that Bareboat Charterer under Clause 12 (other than Clause 12.16) and Clause 13 and, to the extent that the Bareboat Charterer duly performs and discharges its obligations set out in this Clause 13.16 or to the further extent that the Bareboat Charterer, by its performance of the Bareboat Charter to which it is a party, performs and discharges further obligations of the Borrowers contained in the Finance Documents, then such performance and discharge shall, to that extent, be deemed due performance and discharge of the Borrowers' obligations under the Finance Documents.
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COMPLIANCE WITH INSURANCE AND SHIP COVENANTS. Each of Industrial and Ventspils shall procure the performance by Xxxxxxxxx and Xxxxxxx respectively of all the covenants and undertakings to be observed, performed and complied with, by or on behalf of each of Industrial and Ventspils respectively under Clause 12 (other than Clause 12.16) and Clause 13 and, to the extent that each Bareboat Charterer duly performs and discharges its obligations set out in this Clause 13.16 or to the further extent that each Bareboat Charterer, by its performance of the relevant Bareboat Charter, performs and discharges further obligations of Industrial or Ventspils (as the case may be) contained in the Finance Documents, then such performance and discharge shall, to that extent, be deemed due performance and discharge of Industrial's or Ventspil's obligations (as the case may be) under the Finance Documents.
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COMPLIANCE WITH INSURANCE AND SHIP COVENANTS. Iokasti shall procure the performance by the Bareboat Charterer of all the covenants and undertakings to be observed, performed and complied with, by or on behalf of the Bareboat Charterer under Clause 12 (other than Clause 13.15) and Clause 13 and, to the extent that the Bareboat Charterer duly performs and discharges its obligations set out in this Clause 13.15 or to the further extent that the Bareboat Charterer, by its performance of the Bareboat Charter, performs and discharges further obligations of Iokasti contained in the Finance Documents, then such performance and discharge shall, to that extent, be deemed due performance and discharge of Iokasti’s obligations under the Finance Documents.
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Related to COMPLIANCE WITH INSURANCE AND SHIP COVENANTS

  • Compliance With Insurance Requirements Borrower will comply with all Insurance requirements and will not permit any condition to exist on the Mortgaged Property that would invalidate any part of any Insurance coverage required under this Loan Agreement.

  • Compliance with Legal/Insurance Requirements, Etc Subject to the provisions of Section 5.1.2(b) and Article 8, Tenant, at its sole expense, shall (a) comply with (or cause to be complied with) all material Legal Requirements and Insurance Requirements in respect of the use, operation, maintenance, repair, alteration and restoration of any Property and with the terms and conditions of any ground lease affecting any Property, (b) perform (or cause to be performed) in a timely fashion all of Landlord’s obligations under any ground lease affecting any Property and (c) procure, maintain and comply with (or cause to be procured, maintained and complied with) all material licenses, certificates of need, permits, provider agreements and other authorizations and agreements required for any use of any Property and Tenant’s Personal Property, if any, then being made, and for the proper erection, installation, operation and maintenance of the Leased Property or any part thereof.

  • Compliance with Rules and Policies The Executive shall perform all services in accordance with the lawful policies, procedures and rules established by the Company and the Board. In addition, the Executive shall comply with all laws, rules and regulations that are generally applicable to the Company or its subsidiaries and their respective employees, directors and officers.

  • Compliance with Policies Each Individual Limited Partner hereby agrees that he shall comply with all policies and procedures adopted by any member of the Och-Ziff Group or which Limited Partners are required to observe by law, or by any recognized stock exchange, or other regulatory body or authority.

  • Compliance with Rules To comply with, and to require the Contractors to comply with, all rules, regulations, ordinances and laws bearing on the conduct of the work on the Improvements, including the requirements of any insurer issuing coverage on the Project and the requirements of any applicable supervising boards of fire underwriters.

  • Compliance with FCPA Each of the Credit Parties and their Subsidiaries is in compliance with the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq., and any foreign counterpart thereto. None of the Credit Parties or their Subsidiaries has made a payment, offering, or promise to pay, or authorized the payment of, money or anything of value (a) in order to assist in obtaining or retaining business for or with, or directing business to, any foreign official, foreign political party, party official or candidate for foreign political office, (b) to a foreign official, foreign political party or party official or any candidate for foreign political office, and (c) with the intent to induce the recipient to misuse his or her official position to direct business wrongfully to such Credit Party or its Subsidiary or to any other Person, in violation of the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq.

  • Compliance with terms of insurances (a) No Borrower shall do or omit to do (nor permit to be done or not to be done) any act or thing which would or might render any obligatory insurance invalid, void, voidable or unenforceable or render any sum payable under an obligatory insurance repayable in whole or in part.

  • Compliance with Plan This Option is subject to, and the Company and the Holder agree to be bound by, all of the terms and conditions of the Plan as it shall be amended from time to time, which are incorporated herein by reference. No amendment to the Plan shall adversely affect this Option without the consent of the Holder. In the case of a conflict between the terms of the Plan and this Option, the terms of the Plan shall govern.

  • Compliance with Instruments The execution, delivery and performance of this Agreement and the Escrow Agreement, the compliance with the terms and provisions hereof and the consummation of the transactions contemplated herein, therein and in the Registration Statement and Prospectus by the Company, do not and will not violate or constitute a breach of, or default under (i) the memorandum or articles of association of the Company; (ii) any of the material terms, provisions, or conditions of any material instrument, agreement, or indenture to which the Company is a party or by which it is bound or by which its business, assets, investments or properties may be affected; or (iii) any order, statute, rule, or regulation applicable to the Company, or any of its business, investments, assets or properties, of any court or (to the knowledge of the Company) any governmental authority or agency having jurisdiction over the Company, or any of its business, investments, properties or assets; and to the knowledge of the Company do not and will not result in the creation or imposition of any lien, charge, claim, or encumbrance upon any property or asset of the Company.

  • COMPLIANCE WITH U S. SECURITIES LAWS. Notwithstanding any terms of this Receipt or the Deposit Agreement to the contrary, the Company and the Depositary have each agreed that it will not exercise any rights it has under the Deposit Agreement or the Receipt to prevent the withdrawal or delivery of Deposited Securities in a manner which would violate the United States securities laws, including, but not limited to Section I A(1) of the General Instructions to the Form F-6 Registration Statement, as amended from time to time, under the Securities Act of 1933.

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