Common use of Compliance with ISPS Code Clause in Contracts

Compliance with ISPS Code. the Borrower on the Delivery Date shall have a valid and current ISSC in respect thereof and will comply on the Delivery Date and the Operator complies, with the requirements of the ISPS Code and the ISSC which shall be issued in respect of the Vessel shall remain valid on the Delivery Date and thereafter throughout the Security Period;

Compliance with ISPS Code. the Borrower on the Delivery Date shall have a valid and current ISSC in respect thereof of the Vessel and will comply on the Delivery Date and the Operator complies, with the requirements of the ISPS Code and the ISSC which shall be issued in respect of the Vessel shall remain valid on the Delivery Date and shall remain valid thereafter throughout the Security Period;