Common use of ISM Code compliance Clause in Contracts

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.

Appears in 2 contracts

Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)

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ISM Code compliance. All requirements of the ISM Code as they relate to the Borrower, the Approved Manager and the each Ship have been, or will, on or prior to the date on which the each Ship is delivered to the relevant Owner, be complied with.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

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 OwnerOwner under the MOA, be complied with.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

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ISM Code compliance. All requirements of the ISM Code as they relate to the BorrowerOwner, the Approved Manager, the Approved Technical Sub-Manager and the Ship have been, or will, on or prior to the date on which the Ship is delivered to the OwnerLender, be complied with.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

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