Common use of ISM and ISPS Code Clause in Contracts

ISM and ISPS Code. With effect from the Delivery Date of its Vessel, each of the Borrowers will comply with and continue to comply with and procure that the Manager complies with and continues to comply with the ISM Code, the ISPS Code and all other statutory and other requirements relative to its business and in particular each Borrower or the Manager will obtain and maintain a valid DOC and SMC for each Mortgaged Vessels and that it and the Manager will implement and continue to implement an ISM SMS;

ISM and ISPS Code. With effect from the Delivery Date of its Vessel, each of the Borrowers will comply with and continue to comply with and procure that the Technical Manager complies with and continues to comply with the ISM Code, the ISPS Code and all other statutory and other requirements relative to its business and in particular each Borrower or the Technical Manager will obtain and maintain a valid DOC and SMC for each Mortgaged Vessels and that it and the Technical Manager will implement and continue to implement an ISM SMS;

ISM and ISPS Code. With effect from the Delivery Date of its Vessel, each of the Borrowers Borrower will comply with and continue to comply with and procure that the Manager complies with and continues to comply with the ISM Code, the ISPS Code and all other statutory and other requirements relative to its business and in particular each the Borrower or the Manager will obtain and maintain a valid DOC and SMC for each Mortgaged Vessels the Vessel and that it and the Manager will implement and continue to implement an ISM SMS;

ISM and ISPS Code. With effect from the Delivery Date of its Vessel, each of the Borrowers will comply with and continue to comply with and procure that the Manager complies with and continues to comply with the ISM Code, the ISPS Code (including, but not limited to, the International Management Code for the Safe Operation of Ships and for Pollution Prevention) and all other statutory and other requirements relative to its business and in particular each Borrower or the Manager will obtain and maintain a valid DOC and SMC for each Mortgaged Vessels and that it and the Manager will implement and continue to implement an ISM SMS;