Common use of Management and employment Clause in Contracts

Management and employment. Except with the prior consent of the Agent, the Borrower will not: 10.14.1 permit any person other than the Manager to be the manager of, including providing crewing services to, the Vessel; 10.14.2 permit any amendment to be made to the terms of the Management Agreement unless the amendment is advised by the Borrower’s tax counsel or is deemed necessary by the parties thereto to reflect the prevailing circumstances but provided that the amendment does not imperil the security to be provided pursuant to the Security Documents or adversely affect the ability of any Obligor to perform its obligations under the Transaction Documents; or 10.14.3 permit the Vessel to be employed other than within the NCL brand.

Management and employment. Except with the prior consent of the Agent, the Borrower will not: 10.14.1 permit any person other than the Manager to be the manager of, including providing crewing services to, the Vessel; 10.14.2 permit any amendment to be made to the terms of the Management Agreement unless the amendment is advised by the Borrower’s tax counsel or is deemed necessary by the parties thereto to reflect the prevailing circumstances but provided that the amendment does not imperil the security to be provided pursuant to the Security Documents or adversely affect the ability of any Obligor to perform its obligations under the Transaction Documents; or 10.14.3 permit the Vessel to be employed other than within the NCL brandor NCL America brand (as applicable).