Common use of Approved Manager Clause in Contracts

Approved Manager. The Charterers shall appoint the Approved Manager to carry out technical and commercial management of the Vessel, and there shall not be any change to the Approved Manager without the Owners' prior written consent, unless:- (a) the Charterers notify the Owners in writing at least fourteen (14) days prior to the proposed change of the Approved Manager, together with supporting evidence satisfactory to the Owners that the requirements set out in sub-paragraphs (b) to (d) below will be met; (b) the new Approved Manager is a commercial and technical manager that is wholly owned by the Permitted Holders;

Approved Manager. The Charterers shall appoint the Approved Manager to carry out technical and commercial management of the Vessel, and there shall not be any change to the Approved Manager without the Owners' prior written consent, unless:- (a) the Charterers notify the Owners in writing at least fourteen (14) days prior to the proposed change of the Approved Manager, together with supporting evidence satisfactory to the Owners that the requirements set out in sub-sub- paragraphs (b) to (d) below will be met; (b) the new Approved Manager is a commercial and technical manager that is wholly owned by the Permitted Holders;

Approved Manager. The Charterers shall appoint the Approved Manager to carry out technical and commercial management of the Vessel, and there shall not be any change to the Approved Manager without the Owners' prior written consent, unless:- (a) the Charterers notify the Owners in writing at least fourteen (14) days prior to the proposed change of the Approved Manager, together with supporting evidence satisfactory to the Owners that the requirements set out in sub-paragraphs subparagraphs (b) to (d) below will be met; (b) the new Approved Manager is a commercial and technical manager that is wholly owned by the Permitted Holders;