Common use of ISPS Code Clause in Contracts

ISPS Code. Each Guarantor shall in relation to each Ship owned by it comply with the ISPS Code and in particular, without limitation, shall: (a) procure that that Ship and the company responsible for that Ship’s compliance with the ISPS Code comply with the ISPS Code; (b) maintain for that Ship an ISSC; and (c) notify the Agent immediately in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC.

Appears in 2 contracts

Sources: Loan Agreement (Crude Carriers Corp.), Loan Agreement (Crude Carriers Corp.)

ISPS Code. Each The Corporate Guarantor shall in relation to each Ship owned by it comply with the ISPS Code and in particular, without limitation, shall: (a) procure that that the Ship and the company responsible for that such Ship’s compliance with the ISPS Code Code, comply with the ISPS Code;; and (b) maintain for that the Ship an ISSC; and (c) notify the Agent Lender immediately in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC.

Appears in 2 contracts

Sources: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

ISPS Code. Each Guarantor shall in relation to each Ship owned by it comply with the ISPS Code and in particular, without limitation, shall: (a) procure that that the Ship owned by it and the company responsible for that Ship’s compliance with the ISPS Code comply with the ISPS Code;; and (b) maintain an ISSC for that Ship an ISSCShip; and (c) notify the Facility Agent immediately in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC.

Appears in 2 contracts

Sources: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.)

ISPS Code. Each Owner Guarantor shall in relation to each Ship owned by it comply with the ISPS Code and in particular, without limitation, shall: (a) procure that that Ship the Vessel owned by it and the company responsible for that Ship▇▇▇▇▇▇’s compliance with the ISPS Code comply with the ISPS Code;; and (b) maintain for that Ship Vessel an ISSC; and (c) notify the Agent immediately in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC.

Appears in 1 contract

Sources: Loan Agreement (Dorian LPG Ltd.)

ISPS Code. Each Without limiting paragraph (a) of Clause 23.10 (Compliance with laws etc.), each Guarantor shall in relation to each Ship owned by it comply with the ISPS Code and in particular, without limitation, shall: (a) procure that that Ship the Vessel owned by it and the company responsible for that ShipVessel’s compliance with the ISPS Code comply with the ISPS Code;; and (b) maintain an ISSC for that Ship an ISSCthe Vessel owned by it; and (c) notify the Facility Agent immediately in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC.

Appears in 1 contract

Sources: Facility Agreement (Scorpio Tankers Inc.)

ISPS Code. Each Owner Guarantor shall in relation to each Ship owned by it comply with the ISPS Code and in particular, without limitation, shall: (a) procure that that Ship the Vessel owned by it and the company responsible for that ShipVessel’s compliance with the ISPS Code comply with the ISPS Code;; and (b) maintain for that Ship Vessel an ISSC; and (c) notify the Agent immediately in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC.

Appears in 1 contract

Sources: Loan Agreement (Dorian LPG Ltd.)