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: Agreement (Seaspan CORP), Agreement (Seaspan CORP), 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 Agreement (Seaspan CORP), Agreement (Seaspan CORP)

ISM Code compliance. In respect of each the Delivered Vessels, on the date of the first Drawing under the Delivered Vessels Loan or, in respect of the Subsequent Vessels and any Additional Vessel, from on the Delivery Date in respect of that Vessel, the Borrower is in full compliance with the ISM Code in respect of that its Vessel.

Appears in 1 contract

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

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