Common use of Operation of the Vessels Clause in Contracts

Operation of the Vessels. a) The Obligors shall comply, or procure the compliance in all respects with the ISM Code and the ISPS Code, all Environmental Laws and all other laws or regulations relating to a Vessel, its ownership, operation and management or to the business of the Obligors and shall not employ a Vessel nor allow its employment:

Appears in 4 contracts

Samples: Facility Agreement (DHT Holdings, Inc.), Facility Agreement (DHT Holdings, Inc.), Facility Agreement (Nordic American Offshore Ltd.)

AutoNDA by SimpleDocs

Operation of the Vessels. a) The Obligors Borrower shall comply, or procure the compliance in all material respects with the ISM Code and the ISPS Code, all Environmental Laws and all other laws or regulations relating to a Vesselthe C-Orion, its ownership, operation and management or to the business of the Obligors Borrower and shall not employ a Vessel any of the Vessels nor allow its their employment:

Appears in 1 contract

Samples: General Geophysics Co

Operation of the Vessels. a) The Obligors Borrower shall comply, or procure the compliance in all material respects with the ISM Code and the ISPS Code, all Environmental Laws and all other laws or regulations relating to a Vesselthe Vessels, its their ownership, operation and management or to the business of the Obligors Borrower and shall not employ a Vessel any of the Vessels nor allow its their employment:

Appears in 1 contract

Samples: Assignment Agreement (Nordic American Tanker Shipping LTD)

Operation of the Vessels. a) The Obligors Borrower shall comply, or procure the compliance comply in all material respects with the ISM Code and the ISPS Code, all Environmental Laws and all other laws or regulations relating to a Vesselthe Vessels, its their ownership, operation and management or to the business of the Obligors Borrower and/or the Parent Guarantor and shall not employ a any Vessel nor allow its employment:

Appears in 1 contract

Samples: Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc)

Operation of the Vessels. a) The Obligors Borrower shall comply, or procure the compliance in all respects with the ISM Code and the ISPS Code, all Environmental Laws and all other laws or regulations relating to a Vessel, its ownership, operation and management or to the business of the Obligors Borrower and shall not employ a Vessel nor allow its employment:

Appears in 1 contract

Samples: Assignment Agreement (NORDIC AMERICAN TANKERS LTD)

Operation of the Vessels. a) The Obligors Borrowers shall comply, or procure the compliance by any manager, in all respects with the ISM Code and Code, the ISPS Code, Marpol, and in all material respects with all Environmental Laws and all other laws or regulations relating applicable to a Vesselthe Vessels, its their ownership, operation and management or to the business of the Obligors Borrowers and shall not employ a any Vessel nor allow its employment:: (i) in any manner contrary to law or regulation in any relevant jurisdiction including but not limited to the ISM Code;

Appears in 1 contract

Samples: 3 Facilities Agreement (Flex LNG Ltd.)

AutoNDA by SimpleDocs

Operation of the Vessels. a) The Obligors Borrowers shall comply, or procure the compliance in all material respects with the ISM Code and the ISPS Code, all Environmental Laws and all other laws or regulations relating to a Vesselthe Vessels, its their ownership, operation and management or to the business of any of the Obligors Borrowers and shall not employ a Vessel any of the Vessels nor allow its their employment:

Appears in 1 contract

Samples: Assignment Agreement (B Plus H Ocean Carriers LTD)

Operation of the Vessels. a) The Obligors Borrower shall comply, or procure the compliance in all material respects with the ISM Code and the ISPS Code, all Environmental Laws and all other laws or regulations relating to a Vesselthe Vessels, its their ownership, operation and management or to the business of the Obligors Borrower and/or the Parent Guarantor and shall not employ a any Vessel nor allow its employment:

Appears in 1 contract

Samples: Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc)

Operation of the Vessels. a) The Obligors Borrower shall procure that the Owning Companies shall comply, or procure the compliance in all material respects with the ISM Code and the ISPS Code, all Environmental Laws and all other laws or regulations relating to a Vesselthe Vessels, its their ownership, operation and management or to the business of the Obligors Borrower and theOwning Companies and shall not employ a Vessel any of the Vessels nor allow its their employment:

Appears in 1 contract

Samples: Assignment Agreement (B Plus H Ocean Carriers LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.