ISPS Code compliance. The Borrower will: (a) for the duration of the Facility Period comply with the ISPS Code in relation to the Vessel and procure that the Vessel and the ISPS Company comply with the ISPS Code; (b) maintain a valid and current ISSC for the Vessel throughout the Facility Period and provide a copy to the Lender; and (c) immediately notify the Lender in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC.
Appears in 8 contracts
Sources: Secured Loan Agreement (Paragon Shipping Inc.), Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.), Credit Facility Agreement (Safe Bulkers, Inc.)
ISPS Code compliance. The Each Borrower will:
(a) for the duration of the Facility Period comply with the ISPS Code in relation to the its Vessel and procure that the its Vessel and the ISPS Company comply with the ISPS Code;
(b) maintain a valid and current ISSC for the its Vessel throughout the Facility Period and provide a copy to the LenderAgent; and
(c) immediately notify the Lender Agent in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSCISSC of its Vessel.
Appears in 2 contracts
Sources: Secured Loan Agreement (Diana Shipping Inc.), Secured Loan Agreement (Diana Shipping Inc.)
ISPS Code compliance. The Each Borrower will:
(a) for the duration of the Facility Period comply with the ISPS Code in relation to the its Borrower’s Vessel and procure that the its Borrower’s Vessel and the ISPS Company comply with the ISPS Code;
(b) maintain a valid and current ISSC for the its Borrower’s Vessel throughout the Facility Period and provide a copy to the LenderAgent; and
(c) immediately notify the Lender Agent in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSCISSC of its Borrower’s Vessel.
Appears in 1 contract
Sources: Secured Loan Agreement (Poseidon Containers Holdings Corp.)
ISPS Code compliance. The Each Borrower will:
(a) for the duration of the Facility Period comply with the ISPS Code in relation to the its Vessel and procure that the its Vessel and the ISPS Company comply with the ISPS Code;
(b) maintain a valid and current ISSC for the its Vessel throughout the Facility Period and provide a copy to the LenderAgent; and
(c) immediately notify the Lender Agent in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSCISSC of its Vessel.
Appears in 1 contract
ISPS Code compliance. The Borrower will:
(a) for the duration of the Facility Period comply with the ISPS Code in relation to the Vessel and procure that the Vessel and the ISPS Company comply with the ISPS Code;
(b) maintain a valid and current ISSC for the Vessel throughout the Facility Period and provide a copy to the Lender; and
(c) immediately notify provide the Lender in writing of any actual or threatened withdrawal, suspension, cancellation or modification of on its demand with such information and documentation regarding ISPS compliance as the ISSCLender may reasonably require.
Appears in 1 contract
ISPS Code compliance. The Borrower will:will:-
(a) for the duration of the Facility Period comply with the ISPS Code in relation to each of the Vessel Vessels and procure that each of the Vessel Vessels and the ISPS Company comply with the ISPS Code;
(b) maintain a valid and current ISSC for each of the Vessel Vessels throughout the Facility Period and provide a copy to the LenderAgent; and
(c) immediately promptly notify the Lender Agent in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC, PROVIDED ALWAYS that the provisions of this Clause only apply to Vessel B following its Delivery.
Appears in 1 contract
Sources: Loan Facility Agreement (Usg Corp)
ISPS Code compliance. The Borrower will:
(a) for the duration of the Facility Period comply with the ISPS Code in relation to the Vessel and procure that the Vessel and the ISPS Company comply with the ISPS Code;
(b) maintain a valid and current ISSC for the Vessel throughout the Facility Period and provide a copy to the Lender; and
(c) immediately notify the Lender in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSCISSC of the Vessel.
Appears in 1 contract
Sources: Secured Loan Agreement (Poseidon Containers Holdings Corp.)