Common use of Basis of Agreement Clause in Contracts

Basis of Agreement. Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers shall carry out Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform this Agreement in accordance with sound ship management practice.

Basis of Agreement. Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers shall carry out Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform this Agreement in accordance with sound ship management practice.

Basis of Agreement. Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers shall carry out Management Services in respect of the Vessel as agents for and on behalf of the OwnersVessel. The Managers shall have authority to To take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform this Agreement in accordance with sound ship management practice.

Basis of Agreement. Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers shall carry out Management Services (as defined in Clause 3) in respect of the Vessel Vessels as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform this Agreement in accordance with sound ship management practice.

Basis of Agreement. Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers shall carry out Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute reasonable discretion consider to be necessary to enable them to perform this Agreement in accordance with sound ship management practicePractice, provided, however, that Managers shall have authority to take such actions from time to time in their absolute discretion consider to be necessary with respect to health, safety and security of the Vessel and Crew and environmental protection.

Basis of Agreement. Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers shall carry out Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform this Agreement in accordance with sound ship management practice. This Agreement remains subject to Owners’ successful. Initial Public Offering and therefore only enters into force upon the listing of Owners at NASDAQ.

Basis of Agreement. Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers shall carry out Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Subject to Section 4.6 of the Group Management Agreement, Tthe Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform this Agreement in accordance with sound ship management practice.

Basis of Agreement. Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers shall carry out Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform this Agreement in accordance with sound ship management practicepractice of first class operators.

Basis of Agreement. Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers shall carry out Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform this Agreement in accordance with sound ship management practice.

Basis of Agreement. Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers managers shall carry out Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform this Agreement in accordance with sound ship management practice.

Basis of Agreement. Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers shall carry out Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform this Agreement Agreement, in accordance with sound ship management Management practice, without such discretion to prejudice the element of agency which is the basis of this Agreement.

Basis of Agreement. 3.1 Subject to the terms and conditions herein providedof this Agreement, during the period of this Agreement, the Managers Manager shall carry out the Management Services in respect of the any Vessel as agents for and on behalf of the Owners. Company. 3.2 The Managers Manager shall have authority to take such actions as they it may from time to time in their its absolute discretion consider to be necessary to enable them it to perform its obligations under this Agreement in accordance with sound ship commercial management practiceand/or brokerage practice for vessels similar to the Vessels and the market in which the Vessels operate or will operate.

Basis of Agreement. Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers shall carry out Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Subject to Section 4.6 of the Group Management Agreement, the Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform this Agreement in accordance with sound ship management practice.