ISPC Code definition
Examples of ISPC Code in a sentence
No legal or administrative action involving the Borrower or any Security Party (including action relating to any alleged or actual breach of the ISM Code or the ISPC Code) has been commenced or taken or, to the Borrower’s knowledge, is likely to be commenced or taken which would, in either case, be likely to have a Material Adverse Effect.
No legal or administrative action involving any Borrower or any Security Party (including action relating to any alleged or actual breach of the ISM Code or the ISPC Code) has been commenced or taken or, to any Borrower’s knowledge, is likely to be commenced or taken which would, in either case, be likely to have a Material Adverse Effect.
Obtain and maintain all necessary ISM Code Documentation and all necessary documentation under the ISPC Code and ICPPS Annex VI, in each case, in connection with the Mortgaged Vessels, and shall be in compliance in all material respects with the ISM Code, the ISPC Code and ICPPS Annex VI.