Common use of Lawful Operation Clause in Contracts

Lawful Operation. The Vessel and its operations shall at all times comply with (a) all laws of the Republic of Panama, all applicable treaties and conventions, and all applicable rules and regulations thereunder, as in effect from time to time, and (b) all laws and regulations applicable to the Vessel and its operation in all trades and locations in which it operates or is located from time to time; and the Vessel shall have on board as and when required thereby valid certificates of inspection and all other certificates evidencing compliance therewith. Borrower shall obtain and file all certificates of financial responsibility as legally required in all jurisdictions in which the Vessel is located from time to time. Borrower shall prepare and file all pollution prevention and contingency plans and take all other steps required under all applicable laws concerning the prevention and cleanup of environmental pollution, and the regulation of shipowners and vessels with respect to environmental matters. The Vessel shall not be abandoned, and shall not carry any passenger, cargo, or other matter that will expose it to penalty, forfeiture or capture. Borrower shall ensure that all reasonable precautions are taken to ensure that no illegal drugs or drug paraphernalia are used or kept on board the Vessel, and shall otherwise comply with the anti-drug policies of the United States Government.

Lawful Operation. The Vessel and its operations shall at all times comply with (a) all laws of the Republic of Panamathe Mxxxxxxx Islands, all applicable treaties and conventions, and all applicable rules and regulations thereunder, as in effect from time to time, and (b) all laws and regulations applicable to the Vessel and its operation in all trades and locations in which it operates or is located from time to time; and the Vessel shall have on board as and when required thereby valid certificates of inspection and all other certificates evidencing compliance therewith. Borrower shall obtain and file all certificates of financial responsibility as legally required in all jurisdictions in which the Vessel is located from time to time. Borrower shall prepare and file all pollution prevention and contingency plans and take all other steps required under all applicable laws concerning the prevention and cleanup of environmental pollution, and the regulation of shipowners and vessels with respect to environmental matters. The Vessel shall not be abandoned, and shall not carry any passenger, cargo, or other matter that will expose it to penalty, forfeiture or capture. Borrower shall ensure that all reasonable precautions are taken to ensure that no illegal drugs or drug paraphernalia are used or kept on board the Vessel, and shall otherwise comply with the anti-drug policies of the United States Government.