No change in management. The Borrower shall procure that, without the prior written consent of the Lender, there shall be no termination of, alteration to, or waiver of any term of, the Management Agreement and the Borrower shall not without the prior written consent of the Lender permit the Managers to sub-contract or delegate the commercial or technical management of the Vessel to any third party.
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Samples: Secured Loan Agreement (Paragon Shipping Inc.), Credit Facility Agreement (Safe Bulkers, Inc.), Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.)
No change in management. The Borrower shall procure that, without the prior written consent of the Lender, there shall be no termination of, alteration to, or waiver of any term of, the Management Agreement Agreement(s) and the Borrower shall not not, and shall procure that the Bareboat Charterer does not, without the prior written consent of the Lender Lender, permit the Managers to sub-contract or delegate the commercial or technical management of the Vessel to any third party.
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No change in management. The Borrower shall procure that, without the prior written consent of the Lender, there shall be no termination of, alteration to, or waiver of any term of, the Management Agreement and the Borrower shall not without the prior written consent of the Lender permit the Managers to sub-sub- contract or delegate the commercial or technical management of the Vessel to any third party.
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Samples: Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.)
No change in management. The Borrower shall procure that, without the prior written consent of the Lender, there shall be no termination of, alteration to, or waiver of any term of, the a Management Agreement in respect of the Vessel and the Borrower shall not without the prior written consent of the Lender permit the Managers to sub-contract or delegate the commercial or technical management of the Vessel to any third party.
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Samples: Secured Loan Agreement (Poseidon Containers Holdings Corp.)
No change in management. The Each Borrower shall, and shall procure that the Collateral Owner shall, procure that, without the prior written consent of the Lender, there shall be no termination of, alteration toto any (in the Lender's opinion) material term, or waiver of any term of, the Management Agreement in respect of its Vessel and neither Borrower shall and shall procure that the Borrower Collateral Owner shall not without the prior written consent of the Lender permit the Managers to sub-contract or delegate the commercial or technical management of the its Vessel to any third party.
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Samples: Loan Agreement (Diana Shipping Inc.)
No change in management. The Borrower shall procure that, without the prior written consent of the Lender, such consent not to be unreasonably withheld, there shall be no termination of, alteration to, or waiver of any term of, the Management Agreement and the Borrower shall not without the prior written consent of the Lender permit the Managers to sub-contract or delegate the commercial or technical management of the Vessel to any third party.
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No change in management. The Each Borrower shall procure that, without the prior written consent of the LenderLenders, there shall be no termination of, alteration to, or waiver of any material, in the Agent's opinion, term of, the Management Agreement in respect of its Vessel and the no Borrower shall not without the prior written consent of the Lender Agent permit the Managers to sub-contract or delegate the commercial or technical management of the its Vessel to any third party.
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No change in management. The Each Borrower shall procure that, without the prior written consent of the LenderAgent, there shall be no termination of, alteration to, or waiver of any term of, the Management Agreement in respect of its Borrower’s Vessel and the no Borrower shall not without the prior written consent of the Lender Agent permit the Managers to sub-contract or delegate the commercial or technical management of the its Borrower’s Vessel to any third party.
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Samples: Secured Loan Agreement (Poseidon Containers Holdings Corp.)
No change in management. The Each Borrower shall procure that, without the prior written consent of the LenderAgent, there shall be no termination of, alteration to, or waiver of any term of, the Management Agreement in respect of its Vessel and the neither Borrower shall not without the prior written consent of the Lender Agent permit the Managers to sub-contract or delegate the commercial or technical management of the its Vessel to any third party.
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No change in management. The Each Borrower shall procure that, without the prior written consent of the LenderLenders, there shall be no termination of, alteration to, or waiver of any material, in the Agent's opinion, term of, the Management Agreement in respect of its Vessel and the neither Borrower shall not without the prior written consent of the Lender Agent permit the Managers to sub-sub- contract or delegate the commercial or technical management of the its Vessel to any third party.
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