Common use of OWNER'S EQUIPMENT Clause in Contracts

OWNER'S EQUIPMENT. The Manager shall not dispose of any item of the Owner's equipment on the Vessel disposed / owned by the Owner having a value in excess of USD 250,000 in any 12 month period without review by Management or the Owner, except for in cases related to repair, testing or certification of equipment.

Appears in 3 contracts

Samples: Management Agreement (Ocean Rig UDW Inc.), Management Agreement (Ocean Rig UDW Inc.), Management Agreement (Ocean Rig UDW Inc.)

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OWNER'S EQUIPMENT. The Manager shall shalt not dispose of any item of the Owner's equipment on the Vessel disposed / owned by the Owner having a value in excess of USD 250,000 in any 12 month period without review by Management or the Owner, except for in cases related to repair, testing or certification of equipment.

Appears in 1 contract

Samples: Management Agreement (Ocean Rig UDW Inc.)

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OWNER'S EQUIPMENT. The Manager shall not dispose of at any item of the Owner's equipment on the Vessel disposed / owned by the Owner having a value in excess of USD 250,000 in any 12 month period without review by Management or the Owner, except for in cases related to repair, testing or certification of equipment.

Appears in 1 contract

Samples: Management Agreement (Ocean Rig UDW Inc.)

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