Common use of Basis of Agreement Clause in Contracts

Basis of Agreement. Subject to the terms and conditions herein provided, during the 42 period of this Agreement, the Managers shall carry out 43 Management Services in respect of the Vessel as agents for 44 and on behalf of the Owners. 45 T he Managers shall have authority to take such actions as they may from time to time in their absolute 46 discretion consider to be necessary to enable them to perform 47 this Agreement in accordance with sound ship management 48 practice. 49

Appears in 3 contracts

Samples: Framework Agreement (Costamare Inc.), Framework Agreement (Costamare Inc.), Framework Agreement (Costamare Inc.)

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Basis of Agreement. 41 Subject to the terms and conditions herein provided, during the 42 period of this Agreement, the Managers shall carry out 43 Management Services in respect of the Vessel as agents for 44 and on behalf of the Owners. 45 T he The Managers shall have authority 45 to take such actions as they may from time to time in their absolute 46 discretion consider to be necessary to enable them to perform 47 this Agreement in accordance with sound ship management 48 practice. 49The Managers shall exercise their best efforts to 49 implement the terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Global Ship Lease, Inc., Global Ship Lease, Inc.

Basis of Agreement. 41 Subject to the terms and conditions herein provided, during the 42 period of this Agreement, the Managers shall carry out 43 Management Services in respect of the Vessel as agents for 44 and on behalf of the Owners. 45 T he The Managers shall have authority 45 to take such actions as they may from time to time in their absolute 46 discretion consider to be necessary to enable them to perform 47 this Agreement in accordance with sound ship management 48 practice. 49

Appears in 1 contract

Samples: Ship Management Agreement (KNOT Offshore Partners LP)

Basis of Agreement. 41 Subject to the terms and conditions herein provided, during the 42 period of this Agreement, the Managers shall carry out 43 Management Services in respect of the Vessel as agents for 44 and on behalf of the Owners. Subject to Section 4.6 of the Group 45 T he Management Agreement, Tthe Managers shall have authority to take such actions as they may from time to time in their absolute 46 discretion consider to be necessary to enable them to perform 47 this Agreement in accordance with sound ship management 48 practice. 49

Appears in 1 contract

Samples: Costamare Inc.

Basis of Agreement. Subject to the terms and conditions herein provided, during the 42 period of this Agreement, the Managers shall carry out 43 Management Services in respect of the Vessel as agents for 44 and on behalf of the Owners. 45 T he The Managers shall have authority to take such actions as they may from time to time in their absolute 46 discretion consider to be necessary to enable them to perform 47 this Agreement in accordance with sound ship management 48 practice. 49

Appears in 1 contract

Samples: Framework Agreement (Costamare Inc.)

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Basis of Agreement. Subject to the terms and conditions herein provided, during the 42 period of this Agreement, the Managers shall carry out 43 Management Services in respect of the Vessel as agents for 44 and on behalf of the Owners. Subject to Section 4.6 of the Partnership 45 T he Management Agreement, Tthe Managers shall have authority to take such actions as they may from time to time in their absolute 46 discretion consider to be necessary to enable them to perform 47 this Agreement in accordance with sound ship management 48 practice. 49

Appears in 1 contract

Samples: Management Agreement (Costamare Partners LP)

Basis of Agreement. Subject to the terms and conditions herein provided, during the 42 period of this Agreement, the Managers shall carry out 43 Management Services in respect of the Vessel as agents for 44 and on behalf of the Owners. Subject to Section 4.6 of the Group 45 T he Management Agreement, Tthe Managers shall have authority to take such actions as they may from time to time in their absolute 46 discretion consider to be necessary to enable them to perform 47 this Agreement in accordance with sound ship management 48 practice. 49

Appears in 1 contract

Samples: Management Agreement (Costamare Inc.)

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