Common use of ISPS Code Clause in Contracts

ISPS Code. Each Guarantor shall: (a) procure that the Ship owned by it and the company responsible for that Ship’s compliance with the ISPS Code comply with the ISPS Code; and (b) maintain an ISSC for that Ship; and (c) notify the Facility Agent immediately in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC.

Appears in 2 contracts

Sources: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.)

ISPS Code. Each The Corporate Guarantor shall comply with the ISPS Code and in particular, without limitation, shall: (a) procure that the Ship owned by it and the company responsible for that such Ship’s compliance with the ISPS Code Code, comply with the ISPS Code; and (b) maintain for the Ship an ISSC for that ShipISSC; and (c) notify the Facility Agent Lender immediately in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC.

Appears in 2 contracts

Sources: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

ISPS Code. Each Guarantor shall in relation to each Ship owned by it comply with the ISPS Code and in particular, without limitation, shall: (a) procure that the that Ship owned by it and the company responsible for that Ship’s compliance with the ISPS Code comply with the ISPS Code; and; (b) maintain an ISSC for that ShipShip an ISSC; and (c) notify the Facility Agent immediately in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC.

Appears in 2 contracts

Sources: Loan Agreement (Crude Carriers Corp.), Loan Agreement (Crude Carriers Corp.)

ISPS Code. Each Owner Guarantor shall comply with the ISPS Code and in particular, without limitation, shall: (a) procure that the Ship Vessel owned by it and the company responsible for that ShipVessel’s compliance with the ISPS Code comply with the ISPS Code; and (b) maintain an ISSC for that ShipVessel an ISSC; and (c) notify the Facility Agent immediately in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC.

Appears in 1 contract

Sources: Loan Agreement (Dorian LPG Ltd.)

ISPS Code. Each Owner Guarantor shall comply with the ISPS Code and in particular, without limitation, shall: (a) procure that the Ship Vessel owned by it and the company responsible for that Ship▇▇▇▇▇▇’s compliance with the ISPS Code comply with the ISPS Code; and (b) maintain an ISSC for that ShipVessel an ISSC; and (c) notify the Facility Agent immediately in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC.

Appears in 1 contract

Sources: Loan Agreement (Dorian LPG Ltd.)