ISPS Code compliance. The Borrower will and will procure that the relevant Owner will:- (a) procure that each of the Vessels maintains for the duration of the Facility Period a valid International Ship Security Certificate; (b) procure that each of the Vessels' security system and associated security equipment complies in all material respects with the applicable requirements of Chapter XI-2 of SOLAS and Part A of the ISPS Code; and (c) procure that an approved ship security plan is in place.
Appears in 2 contracts
Sources: Loan Facility Agreement (Teekay LNG Partners L.P.), Loan Facility Agreement (Teekay Shipping Corp)
ISPS Code compliance. The Borrower will and will procure that the relevant Owner Borrowers will:-
(a) procure that each of the Vessels maintains for the duration of the Facility Period a valid International Ship Security Certificate;
(b) procure that each of the Vessels' β security system and associated security equipment complies in all material respects with the applicable requirements of Chapter XI-2 of SOLAS and Part A of the ISPS Code; and
(c) procure that an approved ship security plan is in place.
Appears in 2 contracts
Sources: Secured Reducing Revolving Loan Facility Agreement, Secured Reducing Revolving Loan Facility Agreement (Teekay LNG Partners L.P.)