POWERS AND DUTIES OF THE ADMINISTRATOR. The Administrator shall take such actions on its own behalf or on behalf of the Company as it from time to time considers necessary or appropriate to enable it to perform its obligations under this Agreement, subject to customary oversight and supervision of the Company, its Board of Directors and its executive officers. The Administrator shall use its reasonable best efforts to provide the Services hereunder in a commercially reasonable manner and with the care, diligence and skill that a prudent manager would possess and exercise, except that the Administrator may allocate available supplies, manpower and services in such manner as in the prevailing circumstances the Administrator, acting reasonably, considers to be fair and reasonable.
Appears in 4 contracts
Samples: Administrative Services Agreement, Administrative Services Agreement (Scorpio Bulkers Inc.), Administrative Services Agreement (Scorpio Tankers Inc.)
