Common use of OTHER ADMINISTRATIVE SERVICES Clause in Contracts

OTHER ADMINISTRATIVE SERVICES. The Manager shall: (a) develop, maintain and monitor internal audit controls, disclosure controls and information technology for the Company; (b) assist with arranging board meetings and preparing board and committee meeting materials, including, as applicable, agendas, discussion papers, analyses and reports; (c) prepare and provide such reports and accounting information so as to permit the Board of Directors to determine the amount of the Company’s Cash Available for Distribution and Dividends to the Company’s stockholders, and to assist the Company in making arrangements with the Company’s transfer agent for the payment of Dividends to the stockholders; (d) obtain, on behalf of the Company, general insurance, director and officer liability insurance and other insurance of the Company not related to the Vessels that would normally be obtained for a company in a similar business to that of the Company; (e) administer payroll services, benefits and directors fees, as applicable, for the Crew, the President and the Chief Financial Officer and any other employee, officer or director of the Company; (f) provide office space and office equipment for personnel of the Company at the location of the Manager or as otherwise reasonably designated by the Company, and clerical, secretarial, accounting and administrative assistance as may be reasonably necessary; (g) provide all administrative services required in connection with any Credit Facility or Other Financing Agreement; (h) negotiate loan and credit terms with lenders in the ordinary course and monitor and maintain compliance therewith; (i) negotiate and arrange for interest rate swap agreements, foreign currency contracts and forward exchange contracts; (j) monitor the performance of investment managers; (k) at the request and under the direction of the Company, handle all administrative and clerical matters in respect of (i) the call and arrangement of all annual and special meetings of stockholders, (ii) the preparation of all materials (including notices of meetings and proxy or similar materials) in respect thereof and (iii) the submission of all such materials to the Company in sufficient time prior to the dates upon which they must be mailed, filed or otherwise relied upon so that the Company has full opportunity to review, approve, execute and return them to the Manager for filing or mailing or other disposition as the Company may require or direct; (l) provide, at the request and under the direction of the Company, such communications to the transfer agent for the Company as may be necessary or desirable; (m) make recommendations to the Company for the appointment of auditors, accountants, legal counsel and other accounting, financial or legal advisers, and technical, commercial, marketing or other independent experts; provided, however, that nothing herein shall permit the Manager to engage any such adviser or expert for the Company without the Company’s specific approval; (n) attend to all matters necessary for any reorganization, bankruptcy or insolvency petitions or proceedings, liquidation, dissolution or winding up of the Company; (o) attend to all other administrative matters necessary to ensure the professional management of the Company’s business or as reasonably requested by the Company from time to time.

OTHER ADMINISTRATIVE SERVICES. The Manager shall: (a) develop, maintain and monitor internal audit controls, disclosure controls and information technology for the Company; (b) assist with arranging board meetings and preparing board and committee meeting materials, including, as applicable, agendas, discussion papers, analyses and reports; (c) prepare and provide such reports and accounting information so as to permit the Board of Directors to determine the amount of the Company’s Cash Available for Distribution and Dividends to the Company’s stockholders, and to assist the Company in making arrangements with the Company’s transfer agent for the payment of Dividends to the stockholders; (d) obtain, on behalf of the Company, general insurance, director and officer liability insurance and other insurance of the Company not related to the Vessels that would normally be obtained for a company in a similar business to that of the Company; (e) administer payroll services, benefits and directors fees, as applicable, for the Crew, the President Chief Executive Officer and the Chief Financial Officer and any other employee, officer or director of the Company; (f) provide office space and office equipment for personnel of the Company at the location of the Manager or as otherwise reasonably designated by the Company, and clerical, secretarial, accounting and administrative assistance as may be reasonably necessary; (g) provide all administrative services required in connection with any the Credit Facility or Facilities and Other Financing AgreementAgreements; (h) negotiate loan and credit terms with lenders in the ordinary course and monitor and maintain compliance therewith; (i) negotiate and arrange for interest rate swap agreements, foreign currency contracts and forward exchange contracts; (j) monitor the performance of investment managers; (k) at the request and under the direction of the Company, handle all administrative and clerical matters in respect of (i) the call and arrangement of all annual and special meetings of stockholders, (ii) the preparation of all materials (including notices of meetings and proxy or similar materials) in respect thereof and (iii) the submission of all such materials to the Company in sufficient time prior to the dates upon which they must be mailed, filed or otherwise relied upon so that the Company has full opportunity to review, approve, execute and return them to the Manager for filing or mailing or other disposition as the Company may require or direct; (l) provide, at the request and under the direction of the Company, such communications to the transfer agent for the Company as may be necessary or desirable; (m) make recommendations to the Company for the appointment of auditors, accountants, legal counsel and other accounting, financial or legal advisers, and technical, commercial, marketing or other independent experts; provided, however, that nothing herein shall permit the Manager to engage any such adviser or expert for the Company without the Company’s specific approval; (n) attend to all matters necessary for any reorganization, bankruptcy or insolvency petitions or proceedings, liquidation, dissolution or winding up of the Company; (o) calculate the Performance Fee for each Fiscal Year, and provide such calculation and supporting documentation to the Company within seventy-five (75) days of the end of the applicable Fiscal Year; (p) make available and provide individuals to serve as executive officers of the Company as set forth in Section 6.2(a); and (q) attend to all other administrative matters necessary to ensure the professional management of the Company’s business or as reasonably requested by the Company from time to time.

OTHER ADMINISTRATIVE SERVICES. The Manager shall: (a) develop, maintain and monitor internal audit controls, disclosure controls and information technology for the Company; (b) assist with arranging board meetings and preparing board and committee meeting materials, including, as applicable, agendas, discussion papers, analyses and reports; (c) prepare and provide such reports and accounting information so as to permit the Board of Directors to determine the amount of the Company’s Cash Available for Distribution and Dividends to the Company’s stockholders, and to assist the Company in making arrangements with the Company’s transfer agent for the payment of Dividends to the stockholders; (d) obtain, on behalf of the Company, general insurance, director and officer liability insurance and other insurance of the Company not related to the Vessels that would normally be obtained for a company in a similar business to that of the Company; (e) administer payroll services, benefits and directors fees, as applicable, for the Crew, the President Chief Executive Officer and the Chief Financial Officer and any other employee, officer or director of the Company; (f) provide office space and office equipment for personnel of the Company at the location of the Manager or as otherwise reasonably designated by the Company, and clerical, secretarial, accounting and administrative assistance as may be reasonably necessary; (g) provide all administrative services required in connection with any the Credit Facility or Facilities and Other Financing AgreementAgreements; (h) negotiate loan and credit terms with lenders in the ordinary course and monitor and maintain compliance therewith; (i) negotiate and arrange for interest rate swap agreements, foreign currency contracts and forward exchange contracts; (j) monitor the performance of investment managers; (k) at the request and under the direction of the Company, handle all administrative and clerical matters in respect of (i) the call and arrangement of all annual and special meetings of stockholders, (ii) the preparation of all materials (including notices of meetings and proxy or similar materials) in respect thereof and (iii) the submission of all such materials to the Company in sufficient time prior to the dates upon which they must be mailed, filed or otherwise relied upon so that the Company has full opportunity to review, approve, execute and return them to the Manager for filing or mailing or other disposition as the Company may require or direct; (l) provide, at the request and under the direction of the Company, such communications to the transfer agent for the Company as may be necessary or desirable; (m) make recommendations to the Company for the appointment of auditors, accountants, legal counsel and other accounting, financial or legal advisers, and technical, commercial, marketing or other independent experts; provided, however, that nothing herein shall permit the Manager to engage any such adviser or expert for the Company without the Company’s specific approval; (n) attend to all matters necessary for any reorganization, bankruptcy or insolvency petitions or proceedings, liquidation, dissolution or winding up of the Company; (o) calculate the Performance Fee for each Fiscal Year, and provide such calculation and supporting documentation to the Company within seventy-five (75) days of the end of the applicable Fiscal Year; and (p) attend to all other administrative matters necessary to ensure the professional management of the Company’s business or as reasonably requested by the Company from time to time.

OTHER ADMINISTRATIVE SERVICES. The Manager shall: (a) develop, maintain and monitor internal audit controls, disclosure controls and information technology for the Company; (b) assist with arranging board meetings and preparing board and committee meeting materials, including, as applicable, agendas, discussion papers, analyses and reports; (c) prepare and provide such reports and accounting information so as to permit the Board of Directors to determine the amount of the Company’s Cash Available for Distribution and Dividends to the Company’s stockholdersshareholders, and to assist the Company in making arrangements with the Company’s transfer agent for the payment of Dividends to the stockholdersshareholders; (d) obtain, on behalf of the Company, general insurance, director and officer liability insurance and other insurance of the Company not related to the Vessels that would normally be obtained for a company in a similar business to that of the Company; (e) administer payroll services, benefits and directors fees, as applicable, for the Crew, the President and the Chief Financial Officer and any other employee, officer or director of the Company; (f) provide office space and office equipment for personnel of the Company at the location of the Manager or as otherwise reasonably designated by the Company, and clerical, secretarial, accounting and administrative assistance as may be reasonably necessary; (g) provide all administrative services required in connection with any Credit Facility or Other Financing Agreement; (h) negotiate loan and credit terms with lenders in the ordinary course and monitor and maintain compliance therewith; (i) negotiate and arrange for interest rate swap agreements, foreign currency contracts and forward exchange contracts; (j) monitor the performance of investment managers; (k) at the request and under the direction of the Company, handle all administrative and clerical matters in respect of (i) the call and arrangement of all annual and special meetings of stockholdersshareholders, (ii) the preparation of all materials (including notices of meetings and proxy or similar materials) in respect thereof and (iii) the submission of all such materials to the Company in sufficient time prior to the dates upon which they must be mailed, filed or otherwise relied upon so that the Company has full opportunity to review, approve, execute and return them to the Manager for filing or mailing or other disposition as the Company may require or direct; (l) provide, at the request and under the direction of the Company, such communications to the transfer agent for the Company as may be necessary or desirable; (m) make recommendations to the Company for the appointment of auditors, accountants, legal counsel and other accounting, financial or legal advisers, and technical, commercial, marketing or other independent experts; provided, however, that nothing herein shall permit the Manager to engage any such adviser or expert for the Company without the Company’s specific approval; (n) attend to all matters necessary for any reorganization, bankruptcy or insolvency petitions or proceedings, liquidation, dissolution or winding up of the Company; (o) attend to all other administrative matters necessary to ensure the professional management of the Company’s business or as reasonably requested by the Company from time to time.

OTHER ADMINISTRATIVE SERVICES. The Manager shall: : (a) develop, maintain and monitor internal audit controls, disclosure controls and information technology for the Company; ; (b) assist with arranging board meetings and preparing board and committee meeting materials, including, as applicable, agendas, discussion papers, analyses and reports; ; (c) prepare and provide such reports and accounting information so as to permit the Board of Directors to determine the amount of the Company’s Cash Available for Distribution and Dividends to the Company’s stockholders, and to assist the Company in making arrangements with the Company’s transfer agent for the payment of Dividends to the stockholders; ; (d) obtain, on behalf of the Company, general insurance, director and officer liability insurance and other insurance of the Company not related to the Vessels that would normally be obtained for a company in a similar business to that of the Company; ; (e) administer payroll services, benefits and directors fees, as applicable, for the Crew, the President Chief Executive Officer and the Chief Financial Officer and any other employee, officer or director of the Company; ; (f) provide office space and office equipment for personnel of the Company at the location of the Manager or as otherwise reasonably designated by the Company, and clerical, secretarial, accounting and administrative assistance as may be reasonably necessary; ; (g) provide all administrative services required in connection with any the Credit Facility or Facilities and Other Financing Agreement; Agreements; (h) negotiate loan and credit terms with lenders in the ordinary course and monitor and maintain compliance therewith; ; (i) negotiate and arrange for interest rate swap agreements, foreign currency contracts and forward exchange contracts; ; (j) monitor the performance of investment managers; ; (k) at the request and under the direction of the Company, handle all administrative and clerical matters in respect of (i) the call and arrangement of all annual and special meetings of stockholders, (ii) the preparation of all materials (including notices of meetings and proxy or similar materials) in respect thereof and (iii) the submission of all such materials to the Company in sufficient time prior to the dates upon which they must be mailed, filed or otherwise relied upon so that the Company has full opportunity to review, approve, execute and return them to the Manager for filing or mailing or other disposition as the Company may require or direct; ; (l) provide, at the request and under the direction of the Company, such communications to the transfer agent for the Company as may be necessary or desirable; (m) make recommendations to the Company for the appointment of auditors, accountants, legal counsel and other accounting, financial or legal advisers, and technical, commercial, marketing or other independent experts; provided, however, that nothing herein shall permit the Manager to engage any such adviser or expert for the Company without the Company’s specific approval; (n) attend to all matters necessary for any reorganization, bankruptcy or insolvency petitions or proceedings, liquidation, dissolution or winding up of the Company; (o) attend to all other administrative matters necessary to ensure the professional management of the Company’s business or as reasonably requested by the Company from time to time.