Common use of ISPS Clause in Contracts

ISPS. (a) evidence satisfactory to the Bank that the Additional Ship is subject to a ship security plan which complies with the ISPS Code; and (b) a copy, certified (in a certificate dated no earlier than five (5) Banking Days prior to the Drawdown Date of the Relevant Advance) as a true and complete copy by an officer of the Additional Owner of either (a) the ISSC or (b) an application for the issuance of the ISSC and the continuous synopsis record (as described in the ISPS Code) for the Additional Ship;

ISPS. (a) evidence satisfactory to the Bank that the Additional Relevant Ship is subject to a ship security plan which complies with the ISPS Code; and (b) a copy, certified (in a certificate dated no earlier than five (5) Banking Days prior to the Drawdown Date of the Relevant Advance) as a true and complete copy by an officer of the Additional relevant Owner of either (a) the ISSC or (b) an application for the issuance of the ISSC and the continuous synopsis record (as described in the ISPS Code) for the Additional Relevant Ship;

ISPS. (a) evidence satisfactory to the Bank Agent that the Additional Relevant Ship is subject to a ship security plan which complies with the ISPS Code; and (b) a copy, certified (in a certificate dated no earlier than five (5) Banking Days prior to the Drawdown Date of the Relevant Advance) as a true and complete copy by an officer of the Additional Owner Relevant Borrower of either (ai) the ISSC or (bii) an application for the issuance of the ISSC and the continuous synopsis record (as described in the ISPS Code) for the Additional Relevant Ship;

ISPS. (a) evidence satisfactory to the Bank that the Additional First Ship is subject to a ship security plan which complies with the ISPS Code; and (b) a copy, certified (in a certificate dated no earlier than five (5) Banking Days prior to the first Drawdown Date of the Relevant AdvanceDate) as a true and complete copy by an officer of the Additional Owner of either (a) the ISSC or (b) an application for the issuance Borrower of the ISSC and the continuous synopsis record (as described in the ISPS Code) for the Additional First Ship;