Common use of ISM and ISPS Code Clause in Contracts

ISM and ISPS Code. the Borrower 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 the Borrower or the Technical Manager will obtain and maintain a valid DOC and SMC for the Vessel and that it and the Technical Manager will implement and continue to implement an ISM SMS;

Appears in 3 contracts

Samples: Facility Agreement (EuroDry Ltd.), Facility Agreement (Euroseas Ltd.), Facility Agreement (Pyxis Tankers Inc.)

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ISM and ISPS Code. each of the Borrower will comply has complied with and continue continues to comply with and procure has procured that the Technical Manager complies has complied 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 the Borrower or the Technical Manager will obtain has obtained and maintain maintains a valid DOC and SMC for the Vessel and that it and the Technical Manager will implement has implemented and continue continues to implement an ISM SMS;

Appears in 2 contracts

Samples: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)

ISM and ISPS Code. the Borrower will comply has complied with and continue to comply with and procure have procured that the Technical Manager complies of the Vessel has complied with and continues to comply with the ISM Code, the ISPS Code and all other statutory and other requirements relative to its their business and in particular the Borrower they or the Technical Manager will obtain have obtained and maintain maintains a valid DOC DOC, IAPP Certificate, EIAPP Certificate (if applicable) and SMC for the Vessel and that it they and the Technical Manager will implement have implemented and continue to implement an ISM SMS;

Appears in 2 contracts

Samples: Loan Agreement (EuroDry Ltd.), Facility Agreement (Euroseas Ltd.)

ISM and ISPS Code. the Borrower 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 the Borrower or the Technical Manager will obtain and maintain a valid DOC and SMC for the Vessel and that it and the Technical Manager will implement and continue to implement an ISM SMS;

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Holdings Inc.)

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ISM and ISPS Code. the Borrower will comply has complied with and continue continues to comply with and procure has procured that the Technical Manager complies has complied 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 the Borrower or the Technical Manager will obtain has obtained and maintain maintains a valid DOC and SMC for the Vessel and that it and the Technical Manager will implement has implemented and continue continues to implement an ISM SMS;

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

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