Commercial Management. The Borrower shall procure that the Commercial Managers shall remain the commercial manager of the Vessels and shall continue to be commercial manager of 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: Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc)
Commercial Management. The Borrower shall procure that the Commercial Managers shall remain the commercial manager of the Vessels and Manager shall continue to be commercial manager of 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
Commercial Management. The Borrower Borrowers shall procure that the Commercial Managers shall remain the commercial manager of the Vessels and Manager shall continue to be commercial manager of the Borrowers and the First Vessels and there shall be no change to such commercial management without the prior written consent of the Agent.
Appears in 1 contract
Commercial Management. The Borrower shall procure that the Commercial Managers shall remain the commercial manager of the Vessels and 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: Term Loan Facility Agreement (B Plus H Ocean Carriers LTD)
Commercial Management. The Borrower shall procure that the Commercial Managers shall remain the commercial manager of the Vessels and Manager shall continue to be commercial manager of 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: Revolving Credit Facility Agreement (Nordic American Tanker Shipping LTD)
Commercial Management. The Borrower Borrowers shall procure that the Commercial Managers shall remain the commercial manager of the Vessels and Manager shall continue to be commercial manager of the 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
