ISPS Company definition

ISPS Company means, at any given time, the company responsible for the Vessel’s compliance with the ISPS Code.
ISPS Company means, at any given time, the company responsible for a Vessel’s compliance with the ISPS Code. “ISSC” means a valid international ship security certificate for a Vessel issued under the ISPS Code.
ISPS Company means, at any given time, the company responsible for a Vessel's compliance with the ISPS Code. " ISSC " means a valid international ship security certificate for a Vessel issued under the ISPS Code.

More Definitions of ISPS Company

ISPS Company means, at any given time, the company responsible for a Collateral Vessel's compliance with the ISPS Code. "ISSC" means a valid international ship security certificate for a Collateral Vessel issued under the ISPS Code. "law" or "Law" means any law, statute, treaty, convention, regulation, instrument or other subordinate legislation or other legislative or quasi-legislative rule or measure, or any order or decree of any government, judicial or public or other body or authority, or any directive, code of practice, circular, guidance note or other direction issued by any competent authority or agency (whether or not having the force of law). "Loan" means the aggregate amount of the reducing revolving credit facility advanced or to be advanced by the Lenders to the Borrower under Clause 2 (being the aggregate of the Drawings) or, where the context permits, the amount advanced and for the time being out-standing. "Loan Outstanding" means the total of all Drawings made at that time, to the extent not reduced by repayments, prepayments, cancellations and voluntary reductions. "Majority Lenders" means a Lender or Lenders whose Commitments aggregate equal to or greater than 662/3% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 662/3% of the Total Commitments immediately prior to the reduction). "Management Agreements" means the agreement(s) for the commercial and/or technical management of the Collateral Vessels entered into between (i) the Collateral Owners and (ii) the Approved Managers (unless the Approved Manager is the Borrower, Teekay, Teekay Marine (Singapore) Pte. Ltd. or any other member of the Borrower Group or the Teekay Group). "Managers' Confirmations" means the written confirmations of the Approved Managers (unless the Approved Managers are the Borrower, Teekay, Teekay Marine (Singapore) Pte. Ltd. or any other member of the Borrower Group or the Teekay Group) that throughout the Facility Period unless otherwise agreed by the Agent: (a) they will not, without the prior written consent of the Agent, subcontract or delegate the commercial or technical management of the Collateral Vessels (as the case may be) to any third party; and (b) following the occurrence of an Event of Default which is continuing unremedied and unwaived, all claims of the Approved Managers against the Collateral Owners (less any agreed reasonable deductible) shall be subordinated to the claims of the Finance Parties under the...

Related to ISPS Company

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  • Summer means the calendar months of May through September.

  • OASIS means the Open Access Same-Time Information System required by FERC for the posting of market and transmission data on the Internet websites of PJM and NYISO.

  • Mauritius means the Republic of Mauritius and includes: (i) all the territories and islands which, in accordance with the laws of Mauritius, constitute the State of Mauritius; (ii) the territorial sea of Mauritius; and (iii) any area outside the territorial sea of Mauritius which in accordance with international law has been or may hereafter be designated, under the laws of Mauritius, as an area, including the Continental Shelf, within which the rights of Mauritius with respect to the sea, the sea-bed and sub-soil and their natural resources may be exercised;

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  • AMC means Annual Maintenance Contract

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