ISM and ISPS Code. It will arrange for and procure the punctual approval and certification of the management organisation on shore and on board the Vessels and ensure that the Vessels are operated in accordance with the ISM-Code and ISPS-Code in force from time to time and will promptly notify the Agent of any breach thereof.
Appears in 2 contracts
Sources: Facility Agreement (Pangaea Logistics Solutions Ltd.), Facility Agreement (Quartet Holdco Ltd.)
ISM and ISPS Code. It will the Borrower and the Guarantors shall arrange for and procure the punctual and continued approval and certification of the management organisation on shore and on board each of the Continuing Vessels and ensure that each of the Continuing Vessels are is operated in accordance with the ISM-Code ISM- and ISPS-Code code in force from time to time and will promptly notify the Agent of any breach thereoftime.
Appears in 1 contract
Sources: Loan Agreement (Stolt Nielsen S A)