Common use of ISM Code compliance Clause in Contracts

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.

Appears in 3 contracts

Samples: Credit Facility (Seaspan CORP), Reducing Revolving Credit Facility (Seaspan CORP), Credit Facility Agreement (Seaspan CORP)

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ISM Code compliance. In respect of each Secured Vessel, from on and at all times following the Delivery Date Applicable Time in respect of that Vessel, the Borrower is in full compliance with the ISM Code in respect of that Vessel.

Appears in 2 contracts

Samples: Credit Facility Agreement (Seaspan CORP), Credit Facility Agreement (Seaspan CORP)

ISM Code compliance. In respect of each Vessel, from the Delivery Date in respect of that Vessel, the Borrower Guarantor is in full compliance with the ISM Code in respect of that Vessel.

Appears in 1 contract

Samples: Reducing Revolving Credit Facility (Seaspan CORP)

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ISM Code compliance. In respect of each any Additional Vessel, from on the Delivery Date in respect of that the relevant Vessel, the relevant Borrower is in full compliance with the ISM Code in respect of that Vessel.

Appears in 1 contract

Samples: Credit Agreement (Global Ship Lease, Inc.)

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