Management of Vessels. The Borrower shall ensure that each Vessel is at all times technically and commercially managed by an Approved Manager.
Appears in 4 contracts
Samples: Loan Agreement, Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)
Management of Vessels. The Borrower Borrowers shall ensure that each Vessel of the Vessels is at all times technically and commercially managed by an Approved Managerthe Managers.
Appears in 3 contracts
Samples: Facility Agreement, Facility Agreement (Teekay LNG Partners L.P.), Facility Agreement (Teekay LNG Partners L.P.)
Management of Vessels. The Borrower Borrowers shall ensure that each Vessel which they own is at all times technically and commercially managed by an Approved Managerthe Manager or by a management company approved by the Agent acting on the instructions of the Majority Lenders.
Appears in 1 contract
Samples: Agreement (Teekay LNG Partners L.P.)
