Common use of Repair and classification Clause in Contracts

Repair and classification. The Borrower shall keep the Ship in a good and safe condition and state of repair: (a) consistent with first‑class ship ownership and management practice; (b) so as to maintain the Ship with the highest classification available for vessels of the same age, type and specification as the Ship with Lloyd’s Register of Shipping (or such other first class classification society being a member of IACS and as may be approved by the Security Trustee), free of overdue recommendations and conditions affecting the Ship’s class; and (c) so as to comply with all laws and regulations applicable to vessels registered at ports in the Approved Flag State or to vessels trading to any jurisdiction to which the Ship may trade from time to time, including but not limited to the ISM Code and the ISPS Code.

Repair and classification. The Borrower shall keep the Ship in a good and safe condition and state of repair: (a) consistent with first‑class first-class ship ownership and management practice; (b) so as to maintain the Ship with the highest classification available for vessels specified in Article I, 4(a) of the same age, type and specification as the Ship Shipbuilding Contract with Lloyd’s Register American Bureau of Shipping (or such any other first class classification society being society, approved by the Lender, which is a member of IACS and as may be approved by the Security Trustee)IACS, free of outstanding or overdue recommendations and conditions of such classification society affecting the Ship’s class; and (c) so as to comply with all laws and regulations applicable to vessels registered at ports in the relevant Approved Flag State or to vessels trading to any jurisdiction to which the Ship may trade from time to time, time including but not limited to the ISM Code, the ISPS Code and the ISPS CodeISM Code Documentation.

Repair and classification. The Each Borrower shall keep the Ship owned by it in a good and safe condition and state of repair: (a) consistent with first‑class first-class ship ownership and management practice; (b) so as to maintain the such Ship with the highest classification available for vessels of the same age, type and specification as the such Ship with Lloyd’s Register of Shipping (or such other first class classification society being a member of IACS and as may be approved by the Security TrusteeLender), free of overdue outstanding recommendations and conditions affecting the such Ship’s class; and (c) so as to comply with all laws and regulations applicable to vessels registered at ports in the Approved Flag State or to vessels trading to any jurisdiction to which the that Ship may trade from time to time, including but not limited to the ISM Code and the ISPS Code.

Repair and classification. The Each Borrower shall keep the its Ship in a good and safe condition and state of repair: (a) consistent with first‑class first-class ship ownership operation and management practice; (b) so as to maintain the Ship with the highest classification available for class applicable to vessels of the same age, type and specification as the such Ship with Lloyd’s Register at American Bureau of Shipping (or such other first class an equivalent IACS classification society being a member of IACS and as may be approved by acceptable to the Security Trustee), Agent in its reasonable discretion) free of overdue recommendations and conditions affecting the Shipclass that ship’s class that have not been complied with in accordance with their terms class; and (c) so as to comply with all laws and regulations applicable to vessels registered at ports in the Approved Flag State or to vessels trading to any jurisdiction to which the such Ship may trade from time to time, including but not limited to the ISM Code and the ISPS CodeCode and the ISM Code Documentation and the ISPS Code Documentation.

Repair and classification. The Borrower shall keep the Ship in a good and safe condition and state of repair: (a) consistent with first‑class ship ownership and management practice; (b) so as to maintain the Ship with the highest classification available for vessels of the same age, type and specification as the Ship with Lloyd’s 's Register of Shipping (or such other first class classification society being a member of IACS and as may be approved by the Security Trustee), free of overdue recommendations and conditions affecting the Ship’s 's class; and (c) so as to comply with all laws and regulations applicable to vessels registered at ports in the Approved Flag State or to vessels trading to any jurisdiction to which the Ship may trade from time to time, including but not limited to the ISM Code and the ISPS Code.

Repair and classification. The Each Borrower shall keep the its Ship in a good and safe condition and state of repair: (a) consistent with first‑class ship ownership and management practice; (b) so as to maintain the such Ship with the highest classification available for vessels of the same age, type and specification as the that Ship with Lloyd’s Register of Shipping (or such other first class classification society being a member of IACS and as may be approved by the Security Trustee), free of overdue recommendations and conditions affecting the Ship’s class; and (c) so as to comply with all laws and regulations applicable to vessels registered at ports in the Approved Flag State or to vessels trading to any jurisdiction to which the that Ship may trade from time to time, including but not limited to the ISM Code and the ISPS Code.

Repair and classification. The Each Borrower shall keep the its Ship in a good and safe condition and state of repair: (a) consistent with first‑class ship ownership and management practice; (b) so as to maintain the such Ship with the highest classification available for vessels of the same age, type and specification as the that Ship with Lloyd’s Register of Shipping (or such other first class classification society being a member of IACS and as may be approved by the Security Trustee), free of overdue recommendations and conditions affecting the that Ship’s class; and (c) so as to comply with all laws and regulations applicable to vessels registered at ports in the Approved Flag State or to vessels trading to any jurisdiction to which the that Ship may trade from time to time, including but not limited to the ISM Code and the ISPS Code.

Repair and classification. The Each Borrower shall keep the Ship owned by it in a good and safe condition and state of repair: (a) consistent with first‑class first-class ship ownership and management practice; (b) so as to maintain the Ship with that Ship's present class (being the highest classification available for vessels a vessel of the same agetype, type age and specification as the Ship with Lloyd’s Register of Shipping (or such other first class a classification society being acceptable to the Lender which is a member of IACS and as may be approved by the Security Trustee), International Association of Classification Societies) free of overdue recommendations and conditions affecting the Ship’s 's class; and (c) so as to comply with all laws and regulations applicable to vessels registered at ports in the Approved Flag State flag state relevant to that Ship or to vessels trading to any jurisdiction to which the that Ship may trade from time to time, including but not limited to the ISM Code and the ISPS Code.

Repair and classification. The Each Borrower shall keep the its Ship in a good and safe condition and state of repair: (a) consistent with first‑class first-class ship ownership and management practice; (b) so as to maintain the its Ship with the highest classification available for vessels of the same age“BV I * HULL, type and specification as the Ship * MACH, OIL/CHEMICAL, ESP, UNRESTRICTED NAVIGATION, INWATERSURVEY” with Lloyd’s Register of Shipping (or such other first class classification society being a member of IACS and as may be approved by the Security Trustee), Bureau Veritas free of overdue outstanding recommendations and conditions of such classification society affecting the that Ship’s class; and (c) so as to comply with all laws and regulations applicable to vessels registered at ports in the relevant Approved Flag State or to vessels trading to any jurisdiction to which the that Ship may trade from time to time, time including but not limited to the ISM Code, the ISPS Code and the ISPS CodeISM Code Documentation.