Common use of ISM and ISPS Code compliance Clause in Contracts

ISM and ISPS Code compliance. The Borrower will procure that the Owners and the Approved Manager obtain all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ships and comply with the ISM Code and the ISPS Code on or before: (a) the date of this Agreement, in the case of each Existing Ship; and (b) the date on which each Ship is delivered to its Owner pursuant to the MOA relative to that Ship, in the case of each other Ship.

Appears in 4 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

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ISM and ISPS Code compliance. The Borrower will procure that the Owners and the Approved Manager obtain all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ships and comply with the ISM Code and the ISPS Code on or before: (a) before the date of this Agreement, in the case of each Existing Ship; and (b) the date on which each Ship is delivered to its Owner pursuant to the MOA relative to that Ship, in the case of each other Ship.

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

ISM and ISPS Code compliance. The Borrower will procure that the Owners and the Approved Manager obtain all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ships and comply with the ISM Code and the ISPS Code on or before: (a) the date of this Agreement, in the case of each Existing Initial Ship; and (b) the date on which each Ship is delivered to its Owner pursuant to the MOA relative to that Ship, in the case of each other Ship.

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

ISM and ISPS Code compliance. The Borrower will procure that the Owners and the Approved Manager obtain all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ships and comply with the ISM Code and the ISPS Code on or before: (a) the date of this Agreement, in the case of each Existing Ship; and (b) the date on which each Ship is delivered to its Owner pursuant to the MOA relative to that Ship, in the case of each other ShipCode.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

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ISM and ISPS Code compliance. The Borrower will procure that the Owners Owner and the Approved Manager obtain all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ships Ship and comply with the ISM Code and the ISPS Code on or before: (a) the date of this Agreement, in the case of each Existing Ship; and (b) before the date on which each the Ship is delivered to its the Owner pursuant to the MOA relative to that Ship, in the case of each other ShipMOA.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

ISM and ISPS Code compliance. The Borrower will procure that the Owners and the Approved Manager obtain all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ships and comply with the ISM Code and the ISPS Code on or before: (a) the date of this Agreement, in the case of each Existing Ship; and (b) before the date on which each Ship is delivered to its Owner pursuant to the MOA relative to that Ship, in the case of each other Ship.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

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