Managers’ Right to Sub-Contract. 10.1 The Managers shall be entitled to procure performance of the Managers’ obligations hereunder by their parent, subsidiary or associated companies or (in the case of Other Services) third parties (hereinafter collectively called the “Sub-Managers”) in accordance with the following provisions of this Clause 10.1, provided that the Owners have given their prior written consent: (i) any such performance of all or any of the Managers’ obligations by the Sub-Managers shall be and constitute full and sufficient performance by the Managers of their obligations hereunder; (ii) the Owners hereby agree with the Managers that insofar as the Sub-Managers perform the obligations of the Managers the Sub-Managers shall be entitled to the benefits of the provisions of Clause 11; and (iii) any performance of the Managers’ obligations by the Sub-Managers shall be without prejudice to the rights of the Owners hereunder for any failure by the Managers in performance of the Managers’ duties and obligations hereunder and notwithstanding performance by the Sub-Managers the Managers shall remain responsible to the Owners for performance of their obligations hereunder. 10.2 The provisions of Clause 10.1 shall remain in force notwithstanding termination of this Agreement.
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Samples: Novation Agreement (Seanergy Maritime Holdings Corp.), Fourth Supplemental Agreement (Seanergy Maritime Holdings Corp.)
Managers’ Right to Sub-Contract. 10.1 The Managers shall be entitled to procure performance of the Managers’ ' obligations hereunder by their parent, subsidiary or associated companies or (in the case of Other Services) third parties (hereinafter collectively called the “"Sub-Managers”") in accordance with the following provisions of this Clause 10.1, provided that the Owners have given their prior written consent: (i) any such performance of all or any of the Managers’ ' obligations by the Sub-Managers shall be and constitute full and sufficient performance by the Managers of their obligations hereunder; (ii) the Owners hereby agree with the Managers that insofar as the Sub-Managers perform the obligations of the Managers the Sub-Managers shall be entitled to the benefits of the provisions of Clause 11; and (iii) any performance of the Managers’ ' obligations by the Sub-Managers shall be without prejudice to the rights of the Owners hereunder for any failure by the Managers in performance of the Managers’ ' duties and obligations hereunder and notwithstanding performance by the Sub-Managers the Managers shall remain responsible to the Owners for performance of their obligations hereunder. 10.2 The provisions of Clause 10.1 shall remain in force notwithstanding termination of this Agreement.. 11. Responsibilities 11.1
Appears in 1 contract
Samples: Seanergy Maritime Holdings Corp.
Managers’ Right to Sub-Contract. 10.1 The Managers shall be entitled to procure performance of the Managers’ ' obligations hereunder by their parent, subsidiary or associated companies or (in the case of Other Services) third parties (hereinafter collectively called the “"Sub-Managers”") in accordance with the following provisions of this Clause 10.1, provided that the Owners have given their prior written consent: (i) any such performance of all or any of the Managers’ ' obligations by the Sub-Managers shall be and constitute full and sufficient performance by the Managers of their obligations hereunder; (ii) the Owners hereby agree with the Managers that insofar as the Sub-Managers perform the obligations of the Managers the Sub-Managers shall be entitled to the benefits of the provisions of Clause 11; and (iii) any performance of the Managers’ ' obligations by the Sub-Managers shall be without prejudice to the rights of the Owners hereunder for any failure by the Managers in performance of the Managers’ ' duties and obligations hereunder and notwithstanding performance by the Sub-Managers the Managers shall remain responsible to the Owners for performance of their obligations hereunder. 10.2 The provisions of Clause 10.1 shall remain in force notwithstanding termination of this Agreement.
Appears in 1 contract
Samples: Seanergy Maritime Holdings Corp.