Vessel Compliance Sample Clauses

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Vessel Compliance. Each Owned Vessel is operated in compliance with the rules, codes of practice, conventions, protocols, guidelines or similar requirements or restrictions imposed, published or promulgated by any international, national, state or local regulatory agencies or bodies, classification society or insurer applicable to the respective vessel (collectively, “Maritime Guidelines”) and all applicable international, national, state and local conventions, laws, regulations, orders, permits, licenses, certificates, approvals, financial assurances, consents and other authorizations and other requirements (including, without limitation, all Environmental Laws), except where such failure to be in compliance would not have, individually or in the aggregate, a Material Adverse Effect. The Company and each applicable subsidiary are qualified to own or lease, as the case may be, and operate such vessels under all applicable international, national, state and local conventions, laws, regulations, orders, such permits, licenses, certificates, approvals, financial assurances, consents and other authorizations and other requirements (including, without limitation, all Environmental Laws) and Maritime Guidelines, including the laws, regulations and orders of each such vessel’s flag state, except where such failure to be so qualified would not have, individually or in the aggregate, a Material Adverse Effect.
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Vessel Compliance. Marine Vessels utilized or chartered for use by a Party under this Agreement for the purposes of transportation of Products hereunder shall comply with all Applicable Law pertaining to the Vessel and its operation and with all requirements of the Loading Terminal and the discharge port, place, or terminal and any interim port, place, or terminal which such Marine Vessel may call, including, but not limited to: (1) all vessel vetting requirements (and related vessel substitution requirements), (2) vessel nomination and acceptance procedures,
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Vessel Compliance. Marine Vessels utilized or chartered for use by a Party under this Agreement for the purposes of transportation of Products hereunder shall comply with all Applicable Law pertaining to the Vessel and its operation and with all requirements of the Loading Terminal and the discharge port, place or terminal and any interim port, place or terminal which such Marine Vessel may call, including, but not limited to: (1) all vessel vetting requirements (and related vessel substitution requirements), (2) vessel nomination and acceptance procedures, (3) maximum draft, length, deadweight, displacement, age, flag and the like, (4) the procedures relevant to health, safety and vessel operations, (5) all applicable state and federal vessel regulatory compliance requirements, and (6) maintenance of all required flag state and classification society certificates and other documentation required by Applicable Law to be carried by the Vessel. In addition to the foregoing, and not by way of limitation, the Party utilizing or chartering such Marine Vessel for such purpose hereby warrants to the other Party that such Vessel shall be seaworthy in all respects and fit for its intended use; that her owners and/or operators shall enter into and comply with any required Terminal Loading Agreement or other access agreement with the relevant Loading Terminal and/or discharge port, facility or terminal; and shall comply with all the requirements imposed by such agreement and/or by any other port/terminal manual or port/terminal regulations or Applicable Law then in effect. Any delays in loading or discharge and all related costs and expenses incurred as a result thereof which are caused directly or indirectly by a Party’s or its Marine Vessel’s failure to comply with this Section and/or refusal of the Loading Terminal to permit berthing of the Marine Vessel for a violation of any of the above shall be solely for that Party’s account and such Party shall hold harmless, defend and indemnify the other Party from any and all consequences of such failure.‌‌
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Related to Vessel Compliance

  • AML Compliance The Dealer Manager represents to the Company that it has established and implemented anti-money laundering compliance programs in accordance with applicable law, including applicable FINRA Conduct Rules, Exchange Act Regulations and the USA PATRIOT Act, specifically including, but not limited to, Section 352 of the International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001 (the “Money Laundering Abatement Act,” and together with the USA PATRIOT Act, the “AML Rules”) reasonably expected to detect and cause the reporting of suspicious transactions in connection with the offering and sale of the Offered Shares. The Dealer Manager further represents that it is currently in compliance with all AML Rules, specifically including, but not limited to, the Customer Identification Program requirements under Section 326 of the Money Laundering Abatement Act, and the Dealer Manager hereby covenants to remain in compliance with such requirements and shall, upon request by the Company, provide a certification to the Company that, as of the date of such certification (a) its AML Program is consistent with the AML Rules and (b) it is currently in compliance with all AML Rules, specifically including, but not limited to, the Customer Identification Program requirements under Section 326 of the Money Laundering Abatement Act.

  • SOX Compliance The Company has taken all actions it deems reasonably necessary or advisable to take on or prior to the date of this Agreement to assure that, upon and at all times after the Effective Date, it will be in compliance in all material respects with all applicable provisions of the S▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002 and all rules and regulations promulgated thereunder or implementing the provisions thereof. (the “S▇▇▇▇▇▇▇-▇▇▇▇▇ Act”) that are then in effect and will take all action it deems reasonably necessary or advisable to assure that it will be in compliance in all material respects with other applicable provisions of the S▇▇▇▇▇▇▇-▇▇▇▇▇ Act not currently in effect upon it and at all times after the effectiveness of such provisions.

  • Contract Compliance All individual employee contracts shall be subject to and consistent with Washington State Law and the terms and conditions of this Agreement. Any individual employee contract hereinafter executed shall expressly provide that it is subject to the terms of this and subsequent Agreements between the Employer and the Association. If any individual employee contract contains any language inconsistent with this Agreement, this Agreement during its duration, shall be controlling.

  • DBE/HUB Compliance The Engineer’s subcontracting program shall comply with the requirements of Attachment H of the contract (DBE/HUB Requirements).

  • Inspection; Compliance The Contractor understands its, and its subcontractors (if any), duty, pursuant to section 20.055(5), F.S., to cooperate with the Inspector General in any investigation, audit, inspection, review, or hearing. Upon request of the Department’s Inspector General, or other authorized State official, the Contractor shall provide any type of information the State official deems relevant to the Contractor’s integrity or responsibility. Such information may include the Contractor’s business or financial records, documents, or files of any type or form that refer to or relate to the Term Contract. The Contractor agrees to reimburse the State for the reasonable costs of investigation incurred by the Inspector General or other authorized State official for investigations of the Contractor’s compliance with the terms of the Term Contract or any other agreement between the Contractor and the State which results in the suspension or debarment of the Contractor. Such costs will include salaries of investigators, including overtime; travel and lodging expenses; and expert witness and documentary fees. The Contractor shall not be responsible for any costs of investigations that do not result in the Contractor’s suspension or debarment.