Sharing of Earnings. Except with approval, the relevant Owner shall not enter into any arrangement under which its Earnings from the Ship may be shared with anyone else.
Appears in 10 contracts
Samples: Facility Agreement (Navigator Holdings Ltd.), Facilities Agreement (GasLog Partners LP), Facilities Agreement (GasLog Partners LP)
Sharing of Earnings. Except with approvalapproval by the Majority Lenders, the relevant Owner shall not enter into any arrangement under which its Earnings from the Ship may be shared with anyone else.
Appears in 2 contracts
Samples: Facility Agreement (DryShips Inc.), Facility Agreement (Quintana Shipping Ltd.)
Sharing of Earnings. Except with approval, the relevant Owner shall not enter into any arrangement under which its Earnings from the Ship may be shared with anyone elseelse except for profit sharing arrangements on an arm's length basis and referring to an index or similar benchmark.
Appears in 2 contracts
Samples: Facility Agreement, Facility Agreement (Danaos Corp)
Sharing of Earnings. Except with approval, the relevant Owner shall not enter into any arrangement under which its Earnings from the Ship may be shared with anyone elseelse except for profit sharing arrangements on an arm’s length basis and referring to an index or similar benchmark.
Appears in 1 contract
Samples: Facility Agreement (Danaos Corp)
Sharing of Earnings. Except with approval, approval the relevant Owner shall not enter into any arrangement under which its Earnings from the Ship may be shared with anyone else.
Appears in 1 contract
