Common use of ISM Code and ISPS Code compliance Clause in Contracts

ISM Code and ISPS Code compliance. Each Borrower has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned by it and its operation and will be or will cause such Ship and the relevant Approved Manager to be in full compliance with the ISM Code and the ISPS Code.

Appears in 8 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

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ISM Code and ISPS Code compliance. Each Borrower has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned or to be owned by it and its operation and will be or will cause such Ship and the relevant Approved Manager to be in full compliance with the ISM Code and the ISPS Code.

Appears in 5 contracts

Samples: Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Quartet Holdco Ltd.)

ISM Code and ISPS Code compliance. Each The Borrower has obtained or will procure that the Owners and each Approved Manager obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned by it Ships and its operation and will be or will cause such Ship and the relevant Approved Manager to be in full compliance comply with the ISM Code and the ISPS Code.

Appears in 4 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)

ISM Code and ISPS Code compliance. Each Borrower The relevant Guarantor has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned by it and its operation and will be or will cause such Ship and the relevant Approved Manager to be in full compliance with the ISM Code and the ISPS Code.

Appears in 3 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

ISM Code and ISPS Code compliance. Each The Borrower has obtained or will procure that the Owners of the Existing Ships and the Approved Manager obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned by it Existing Ships and its operation and will be or will cause such Ship and the relevant Approved Manager to be in full compliance comply with the ISM Code and the ISPS Code.

Appears in 2 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

ISM Code and ISPS Code compliance. Each The Borrower has obtained or will procure that the Owners and the Approved Manager obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned by it Ships and its operation and will be or will cause such Ship and the relevant Approved Manager to be in full compliance comply with the ISM Code and the ISPS Code.

Appears in 2 contracts

Samples: Loan Agreement (DryShips Inc.), Agreement (DryShips Inc.)

ISM Code and ISPS Code compliance. Each Borrower has obtained or will obtain or will cause the Approved Manager (technical) to be obtained obtain all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned by it and its operation and will be or will cause such the Ship owned by it and the relevant Approved Manager to be in full compliance with the ISM Code and the ISPS Code.

Appears in 2 contracts

Samples: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)

ISM Code and ISPS Code compliance. Each The Borrower has obtained or will obtain or will cause to be obtained ensure that all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned by it and its operation and will be or will cause such Ship and the relevant Approved Manager to be in full compliance with requirements of the ISM Code and the ISPS CodeCode as they relate to the Borrower, the Approved Manager and the Ship have been complied with.

Appears in 2 contracts

Samples: Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)

ISM Code and ISPS Code compliance. Each The Borrower has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned by it and its operation and will be or will cause such Ship and the relevant Approved Manager to be in full compliance with the ISM Code and the ISPS Code.

Appears in 2 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

ISM Code and ISPS Code compliance. Each Borrower Guarantor has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned or to be owned by it and its such Ship’s operation and will be or will cause such Ship and the relevant Approved Manager to be in full compliance with the ISM Code and the ISPS Code.

Appears in 2 contracts

Samples: Second Lien Loan Agreement (Eagle Bulk Shipping Inc.), Loan Agreement (Eagle Bulk Shipping Inc.)

ISM Code and ISPS Code compliance. Each Borrower Guarantor has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned or to be owned by it and its operation and will be or will cause such Ship and the relevant Approved Manager to be in full compliance with the ISM Code and the ISPS Code.

Appears in 2 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

ISM Code and ISPS Code compliance. Each The Borrower has obtained or will procure that the Owner and the Approved Manager obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned by it and its operation and will be or will cause such Ship and the relevant Approved Manager to be in full compliance comply with the ISM Code and the ISPS Code.

Appears in 2 contracts

Samples: Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Cosmo Llc.)

ISM Code and ISPS Code compliance. Each The Borrower has obtained obtained, or will obtain or will cause has caused the Approved Manager (technical) and the Approved Technical Submanager, if any, to be obtained obtain, all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned by it and its operation and will be or be, and will cause such Ship the Ship, the Approved Manager and the relevant Approved Manager Technical Submanager, if any, to be be, in full compliance with the ISM Code and the ISPS Code.

Appears in 1 contract

Samples: Loan Agreement (Top Ships Inc.)

ISM Code and ISPS Code compliance. Each Borrower has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned by it and its operation and will be or will cause such Ship and the relevant Approved Manager to be is in full compliance with the ISM Code and the ISPS Code.

Appears in 1 contract

Samples: Dynagas LNG Partners LP

ISM Code and ISPS Code compliance. Each The Borrower has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned by it and its operation and will be or will cause such Ship and the relevant Approved Manager to be is in full compliance with the ISM Code and the ISPS Code.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

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ISM Code and ISPS Code compliance. Each Borrower Guarantor that owns a Ship has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the its Ship owned by it and its operation and will be or will cause such each Ship and the relevant Approved Manager to be in full compliance with the ISM Code and the ISPS Code.

Appears in 1 contract

Samples: Loan Agreement (Ultrapetrol Bahamas LTD)

ISM Code and ISPS Code compliance. Each Borrower It has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship Vessel owned by it and its operation operations and will be or will cause such Ship Vessel and the relevant Approved Manager to be in full compliance with the ISM Code and the ISPS Code.

Appears in 1 contract

Samples: Loan and Security Agreement (Pangaea Logistics Solutions Ltd.)

ISM Code and ISPS Code compliance. Each Borrower It has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned by it Vessel and its operation operations and will be be, or will cause such Ship cause, the Vessel and the relevant Approved Manager to be in full compliance with the ISM Code and the ISPS Code.. 4841-9325-3354

Appears in 1 contract

Samples: Loan and Security Agreement (Pangaea Logistics Solutions Ltd.)

ISM Code and ISPS Code compliance. Each The Borrower has obtained or will obtain or will cause to be procure that the Owners and each Approved Manager have obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship Ships owned by it and its operation the Owners and will be or will cause such Ship procure that the Owners and the relevant each Approved Manager to be in full compliance will, comply with the ISM Code and the ISPS Code.

Appears in 1 contract

Samples: Agreement (Star Bulk Carriers Corp.)

ISM Code and ISPS Code compliance. Each The Borrower has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned by it and its operation and will be or will cause such the Ship and the relevant Approved Manager to be in full compliance with the ISM Code and the ISPS Code.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

ISM Code and ISPS Code compliance. Each Borrower relevant Obligor has obtained or will cause the Approved Manager to obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned by it and its operation and will be or will cause such Ship and the relevant Approved Manager to be in full compliance with the ISM Code and the ISPS Code.

Appears in 1 contract

Samples: Common Terms Agreement (Ultrapetrol Bahamas LTD)

ISM Code and ISPS Code compliance. Each The Borrower has obtained or will procure that each Owner and the Approved Manager obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship owned by it that Owner and its operation and will be or will cause such Ship and the relevant Approved Manager to be in full compliance comply with the ISM Code and the ISPS Code.

Appears in 1 contract

Samples: Agreement (Star Bulk Carriers Corp.)

ISM Code and ISPS Code compliance. Each The relevant Borrower has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the Ship to be owned by it and its operation and will be or will cause such Ship and the relevant Approved Manager to be in full compliance with the ISM Code and the ISPS Code.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

ISM Code and ISPS Code compliance. Each Borrower of the Obligors has obtained or will obtain or will cause to be obtained all necessary ISM Code Documentation and ISPS Code Documentation in connection with the its Ship owned by it and its operation and will be or will cause such each Ship and the relevant Approved Manager (technical) to be in full compliance with the ISM Code and the ISPS Code.

Appears in 1 contract

Samples: Loan Agreement (Oceanfreight Inc.)

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