Common use of Regulatory Compliance Services Clause in Contracts

Regulatory Compliance Services. The Manager shall operate and maintain the Vessels, and take all actions necessary to ensure that each Vessel is, in compliance with all Applicable Laws, including the laws of the applicable flag each Vessel may bear, the Applicable Laws of the countries to which the Vessels trade and with the requirements of the relevant classification society, the ISM Code and the ISPS Code.

Appears in 7 contracts

Samples: Management Agreement (Teekay Tankers Ltd.), Noncompetition Agreement (Teekay Tankers Ltd.), Management Agreement (Genco Shipping & Trading LTD)

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Regulatory Compliance Services. The Manager shall operate and maintain the Vessels, in all material respects, in compliance with, and take all actions necessary to ensure that each Vessel is, is in compliance with with, all Applicable Laws, including the laws of the applicable Hong Kong Special Administrative Region or such other flag as each Vessel may bear, the Applicable Laws of the countries to which the Vessels trade and with the requirements of the relevant classification society, the ISM Code and the ISPS Code.

Appears in 3 contracts

Samples: Management Agreement, Management Agreement (Seaspan CORP), Management Agreement (Seaspan CORP)

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Regulatory Compliance Services. The Manager shall will operate and maintain the Vessels, in all material respects, in compliance with, and take all actions necessary to ensure that each Vessel is, is in compliance with with, all Applicable Laws, including the laws of Hong Kong Special Administrative Region or such other flag as the applicable flag each Vessel may bear, the Applicable Laws of the countries to which the Vessels trade and with the requirements of the relevant classification society, the ISM Code and the ISPS Code.

Appears in 2 contracts

Samples: Management Agreement (Seaspan CORP), Management Agreement (Seaspan CORP)

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