Common use of ISPS Code compliance Clause in Contracts

ISPS Code compliance. (i) evidence satisfactory to the Lender that the Vessel is subject to a ship security plan which complies with the ISPS Code (such as proof that a security plan has been submitted to the recognized organisation for approval); and

Appears in 3 contracts

Samples: Loan Agreement (Performance Shipping Inc.), Performance Shipping Inc., Agreement (Pangaea Logistics Solutions Ltd.)

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ISPS Code compliance. (i) 24.1 evidence satisfactory to the Lender Bank that the Vessel each Ship is subject to a ship security plan which complies with the ISPS Code (such as proof that a security plan has been submitted to the recognized organisation for approval)Code; and

Appears in 1 contract

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.)

ISPS Code compliance. (ia) evidence satisfactory to the Lender Agent that the Vessel Relevant Ship is subject to a ship security plan which complies with the ISPS Code (such as proof that a security plan has been submitted to the recognized organisation for approval)Code; and

Appears in 1 contract

Samples: Supplemental Agreement (Diana Shipping Inc.)

ISPS Code compliance. (ia) evidence satisfactory to the Lender Agent that the Vessel Ship relevant to such Delivery Advance is subject to a ship security plan which complies with the ISPS Code (such as proof that a security plan has been submitted to the recognized organisation for approval)Code; and

Appears in 1 contract

Samples: Agreement (Aegean Marine Petroleum Network Inc.)

ISPS Code compliance. (ia) evidence satisfactory to the Lender Agent that the Vessel Ship relevant to such Advance is subject to a ship security plan which complies with the ISPS Code (such as proof that a security plan has been submitted to the recognized organisation for approval)Code; and

Appears in 1 contract

Samples: Agreement (Seanergy Maritime Holdings Corp.)

ISPS Code compliance. (i) evidence satisfactory to the Lender that the each Vessel is subject to a ship security plan which complies with the ISPS Code (such as proof that a security plan has been submitted to the recognized organisation for approval); and

Appears in 1 contract

Samples: Agreement (Imperial Petroleum Inc./Marshall Islands)

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ISPS Code compliance. (ia) evidence satisfactory to the Lender Agent that the Vessel each Collateral Ship is subject to a ship security plan which complies with the ISPS Code (such as proof that a security plan has been submitted to the recognized organisation for approval)Code; and

Appears in 1 contract

Samples: Loan Agreement (Quintana Shipping Ltd.)

ISPS Code compliance. (ia) evidence satisfactory to the Lender Agent that the Vessel Ship is subject to a ship security plan which complies with the ISPS Code (such as proof that a security plan has been submitted to the recognized organisation for approval)Code; and

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

ISPS Code compliance. (ia) evidence satisfactory to the Lender Bank that the Vessel Ship is subject to a ship security plan which complies with the ISPS Code (such as proof that a security plan has been submitted to the recognized organisation for approval)Code; and

Appears in 1 contract

Samples: Loan Agreement (Safe Bulkers, Inc.)

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