Common use of Exclusive Appointment Clause in Contracts

Exclusive Appointment. The Company acknowledges that the appointment of the Manager hereunder is an exclusive appointment for the Term. The Company shall not appoint other managers with respect to the Vessels or the Containership business during the Term, except in circumstances in which it is necessary to do so in order to comply with Applicable Laws or as otherwise agreed by the Manager in writing. This Section 2.5 does not prohibit the Company from having its own employees perform the Management Services.

Exclusive Appointment. The Company acknowledges that the appointment of the Manager hereunder is an exclusive appointment for the Term. The Company shall not appoint other managers with respect to the Vessels or the Containership business Business during the Term, except in circumstances in which it is necessary to do so in order to comply with Applicable Laws Law or as otherwise agreed by the Manager in writing. This Notwithstanding the foregoing, this Section 2.5 does shall not prohibit the Company from having its own employees perform the Management Services.

Exclusive Appointment. The Company acknowledges that the appointment of the Manager hereunder is an exclusive appointment for the Term. The Company shall not appoint other managers with respect to the Vessels or the Containership business Business during the Term, except in circumstances in which it is necessary to do so in order to comply with Applicable Laws Law or as otherwise agreed by the Manager in writing. This Section 2.5 does not prohibit the Company from having its own employees perform the Management Services.

Exclusive Appointment. The Company acknowledges that the appointment of the Manager hereunder is an exclusive appointment for the Term. The Company shall not appoint other managers with respect to the Vessels or the Containership business Tanker Business during the Term, except in circumstances in which it is necessary to do so in order to comply with Applicable Laws Law or as otherwise agreed by the Manager in writing. This Notwithstanding the foregoing, this Section 2.5 does shall not prohibit the Company from having its own employees perform Management Services nor shall it prohibit other Affiliates of Teekay Corporation (or its successors) from providing Commercial Management Services to Vessels under the Management ServicesTeekay Pool Agreement.

Exclusive Appointment. The Company acknowledges that the appointment of the Manager hereunder is an exclusive appointment for the Term. The Company shall may not appoint other managers with respect to the Vessels Group or the Containership business Vessels during the Term, except in circumstances in which it is necessary to do so in order to comply with Applicable Laws or as otherwise agreed by the Manager in writingwriting or as contemplated by this Agreement. This For the avoidance of doubt, this Section 2.5 2.6 does not prohibit the Company from having its own employees perform engagement of Technical Managers by the Management ServicesVessel Owners as contemplated by this Agreement.

Exclusive Appointment. The Company acknowledges that the appointment of the Manager hereunder is an exclusive appointment for the Term. The Company shall may not appoint other managers with respect to the Vessels or the Containership business Business during the Term, except in circumstances in which it is necessary to do so in order to comply with Applicable Laws Law or as otherwise agreed by the Manager in writing. This Section 2.5 2.6 does not prohibit the Company from having its own employees perform the Management Services.