Payments and Management of Funds. 9.1 All sums paid to the Managers by or on behalf of the Owners and all moneys collected by the Managers under the terms of this Agreement (other than fees payable by the Owners to the Managers) shall be held to the credit of the Owners in a separate bank account or accounts which shall be operated by the Managers. The Owners agree to provide to the Managers all information and documentation required to comply with banking “know your customer” procedures.
Appears in 4 contracts
Samples: Master Agreement, Management Agreement (Scorpio Tankers Inc.), Master Agreement (Scorpio Bulkers Inc.)
Payments and Management of Funds. 9.1 All sums paid to the Managers by or on behalf of the Owners and all moneys collected by the Managers under the terms of this Agreement (other than fees payable by the Owners to the Managers) shall be held to the credit of the Owners in a separate bank account or accounts which shall be operated by the Managers. The Owners agree to provide to the Managers all information and documentation reasonably required to comply with banking “know your customer” procedures.
Appears in 3 contracts
Samples: Management Agreement (United Maritime Corp), Seanergy Maritime Holdings Corp., Seanergy Maritime Holdings Corp.
Payments and Management of Funds. 9.1 8.1 All sums paid to the Managers by or on behalf of the Owners and all moneys collected by the Managers under the terms of this Agreement (other than fees payable by the Owners to the ManagersManagers and the float referred to in Clause 8.4) shall be held to the credit of the Owners in a separate interest bearing bank account or accounts accounts, which shall be operated by the Managers. The Owners agree to provide to Managers in trust for the Managers all information and documentation required to comply with banking “know your customer” proceduresOwners.
Appears in 2 contracts
Samples: Ship Management Agreement (Omega Navigation Enterprises, Inc.), Management Agreement (Eagle Bulk Shipping Inc.)
Payments and Management of Funds. 9.1 All sums paid to the Managers by or on behalf of the Owners and all moneys collected by the Managers under the terms of this Agreement (other than fees payable by the Owners to the Managers) shall be held to the credit of the Owners in a separate bank account or accounts which shall be operated by the Managers. The Owners agree to provide to the Managers all information and documentation reasonably required to comply with banking “"know your customer” " procedures.
Appears in 1 contract
Samples: Seanergy Maritime Holdings Corp.
