ISM Code compliance Sample Clauses

ISM Code compliance. The Borrower will: (a) procure that the Vessel remains for the duration of the Facility Period subject to a SMS; (b) maintain a valid and current SMC for the Vessel throughout the Facility Period and provide a copy to the Lender; (c) procure that the ISM Company maintains a valid and current DOC throughout the Facility Period and provide a copy to the Lender; and (d) immediately notify the Lender in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the SMC of the Vessel or of the DOC of the ISM Company.
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ISM Code compliance. Each Obligor shall: a) procure that each of the Vessels remains subject to a SMS for the duration of the Facility; b) procure that a valid and current SMC is maintained for each of the Vessels for the duration of the Facility; c) if not itself, procure that the Technical Manager of the Vessels maintains a valid and current DOC for the duration of the Facility; d) immediately notify the Agent in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the SMC of any of the Vessels or of the DOC of the Technical Manager; and e) immediately notify the Agent in writing of any “accident” or “major non-conformity”, each as those terms is defined in the Guidelines in the application of the IMO International Safety Management Code issued by the International Chamber of Shipping and International Shipping Federation.
ISM Code compliance. In respect of each Vessel, from the Delivery Date in respect of that Vessel, the Borrower is in full compliance with the ISM Code in respect of that Vessel.
ISM Code compliance. The Borrowers shall, and shall procure that the Technical Manager: (a) procure that the Vessels remains subject to a SMS; (b) procure that a valid and current SMC is maintained for the Vessels; (c) procure that the Technical Manager maintains a valid and current DOC; (d) immediately notify the Agent in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the SMC of any of the Vessels or of the DOC of the Technical Manager; and (e) immediately notify the Agent in writing of any "accident" or "major nonconformity", each as those terms is defined in the Guidelines in the application of the IMO International Safety Management Code issued by the International Chamber of Shipping and International Shipping Federation.
ISM Code compliance. All requirements of the ISM Code as they relate to the Borrower, the Approved Manager and the Ship have been, or will, on or prior to the date on which the Ship is delivered to the Owner, be complied with.
ISM Code compliance. The Borrowers shall: (a) procure that each Vessel remains subject to a SMS; (b) procure that a valid and current SMC is maintained for each Vessel; (c) if not itself, procure that the relevant Manager maintains a valid and current DOC; (d) immediately notify the Agent in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the SMC of a Vessel or of its DOC or the DOC of the relevant Manager; and (e) immediately notify the Agent in writing of any “accident” or “major nonconformity”, each as those terms is defined in the Guidelines in the application of the IMO International Safety Management Code issued by the International Chamber of Shipping and International Shipping Federation.
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ISM Code compliance. Each Borrower shall comply and shall procure that each of the Guarantor and the Manager comply with the ISM Code.
ISM Code compliance. All requirements of the ISM Code as they relate to the Borrower, the Approved Manager, the Bareboat Charterer and the Ship have been complied with.
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