Common use of Commercial Management Clause in Contracts

Commercial Management. The Borrower shall procure that the Commercial Manager shall continue to be commercial manager of the Borrower, the Owning Companies and the Vessels and there shall be no change to such commercial management without the prior written consent of the Agent.

Appears in 1 contract

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

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Commercial Management. The Borrower Borrowers shall procure that the Commercial Manager shall continue to be commercial manager of the Borrower, the Owning Companies Borrowers and the First Vessels and there shall be no change to such commercial management without the prior written consent of the Agent.. 21.1.17

Appears in 1 contract

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

Commercial Management. The Borrower shall procure that the Commercial Manager shall continue to be commercial manager of the Borrower, the Owning Companies and the Vessels Borrower and there shall be no material change to such commercial management and/or the Commercial Management Agreement without the prior written consent of the Agent.

Appears in 1 contract

Samples: Assignment Agreement (Nordic American Tanker Shipping LTD)

Commercial Management. The Borrower shall procure that the Commercial Manager shall continue to be commercial manager of the Borrower, the Owning Companies and the Vessels Borrower and there shall be no material change to such commercial management and/or the Commercial Management Agreement without the prior written consent of the Agent.

Appears in 1 contract

Samples: Assignment Agreement (NORDIC AMERICAN TANKERS LTD)

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Commercial Management. The Borrower Borrowers shall procure that the Commercial Manager shall continue to be commercial manager of the Borrower, the Owning Companies Borrowers and the Vessels and there shall be no change to such commercial management without the prior written consent of the Agent.

Appears in 1 contract

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

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