Lawful Operation. The Shipowner will not cause or permit the Vessel to be operated in any manner contrary to law, and the Shipowner will not engage in any unlawful trade or violate any law or carry any cargo that will expose the Vessel to penalty, forfeiture or capture, and will not do, or suffer or permit to be done, anything which can or may injuriously affect the registration of the Vessel under the laws and regulations of the Republic of the Xxxxxxxx Islands and will at all times keep the Vessel duly documented thereunder.
Lawful Operation. The Vessel and its operations shall at all times comply with (a) all laws of the Republic of Panama, all applicable treaties and conventions, and all applicable rules and regulations thereunder, as in effect from time to time, and (b) all laws and regulations applicable to the Vessel and its operation in all trades and locations in which it operates or is located from time to time; and the Vessel shall have on board as and when required thereby valid certificates of inspection and all other certificates evidencing compliance therewith. Borrower shall obtain and file all certificates of financial responsibility as legally required in all jurisdictions in which the Vessel is located from time to time. Borrower shall prepare and file all pollution prevention and contingency plans and take all other steps required under all applicable laws concerning the prevention and cleanup of environmental pollution, and the regulation of shipowners and vessels with respect to environmental matters. The Vessel shall not be abandoned, and shall not carry any passenger, cargo, or other matter that will expose it to penalty, forfeiture or capture. Borrower shall ensure that all reasonable precautions are taken to ensure that no illegal drugs or drug paraphernalia are used or kept on board the Vessel, and shall otherwise comply with the anti-drug policies of the United States Government.
Lawful Operation. The Shipowner will not cause or permit the Rig to be operated in any manner contrary to applicable law, and the Shipowner will not engage in any unlawful trade or violate any applicable law or carry any cargo, in the case of any of the foregoing that will unreasonably expose the Rig to penalty, forfeiture or capture, and will not do, or suffer or permit to be done, anything which can or may injuriously affect the registration of the Rig under the laws and regulations of the Republic of the Xxxxxxxx Islands and will at all times keep the Rig duly documented thereunder (except in connection with a Flag Jurisdiction Transfer).
Lawful Operation. The Shipowner will not cause or permit the Vessel to be operated in any manner contrary to law, and the Shipowner will not engage in any unlawful trade or violate any law or carry any cargo that will expose the Vessel to penalty, forfeiture or capture, and will not do, or suffer or permit to be done, anything which can or may injuriously affect the registration of the Vessel under the laws and regulations of the Republic of Liberia and will at all times keep the Vessel duly documented thereunder.
Lawful Operation. 6 SECTION 4.
Lawful Operation. The Shipowner will comply with Section 7.05, 7.06, 7.14(b) and (d) and 7.18 of the Credit Agreement as if set forth herein, mutatis mutantis, with references therein to the “Parent”, “Credit Party”, “Subsidiary” or “Subsidiary Guarantor” deemed to be a reference to the Shipowner. In addition, the Shipowner will not (a) cause or permit the Vessel to be operated in any manner contrary to law, (b) engage in any unlawful trade or violate any law or carry any cargo that will expose the Vessel to penalty, forfeiture or capture, and (c) do, or suffer or permit to be done, anything which can or may injuriously affect the registration of the Vessel under the laws and regulations of the Republic of the Xxxxxxxx Islands and will at all times keep the Vessel duly documented thereunder.
Lawful Operation. The Borrower will not cause or permit the Vessel to be operated in any manner contrary to law or contrary to any rules and regulations which may from time to time be prescribed pursuant to law.
Lawful Operation. The BORROWER will not cause or permit the Vessel to be operated in any manner contrary to law or contrary to any rules and regulations which may from time to time be prescribed pursuant to law.
Lawful Operation. Carrier shall, at its cost and expense, operate its equipment in a proper and lawful manner and further agrees to maintain the equipment in good, safe and lawful operating condition at all times.
Lawful Operation. Each Party shall conduct its operations in a lawful manner that is consistent with the highest ethical standards prevailing in the business communities in which it operates. Books and records shall be kept in a complete and accurate manner. Maintenance of the highest reputation for integrity is essential and may not in any circumstances be sacrificed for the sake of results.
