Ship Management. Cause all Vessels owned by the Restricted Parties to be managed by Holdings or any Subsidiary or Affiliate of Holdings or any third party manager reasonably acceptable to the Administrative Agent, in each case, who is a Section 2 Citizen.
Appears in 2 contracts
Samples: Intercreditor Agreement (Overseas Shipholding Group Inc), Intercreditor Agreement (Overseas Shipholding Group Inc)
Ship Management. Cause all Vessels owned by the Restricted Parties to be managed by Holdings the Administrative Borrower or any Subsidiary or Affiliate of Holdings the Administrative Borrower (other than Holdings), V Ships UK Limited or any third party manager reasonably acceptable to the Administrative Agent, in each case, who is a Section 2 Citizenother Acceptable Third Party Technical Manager.
Appears in 2 contracts
Samples: Credit Agreement (International Seaways, Inc.), Credit Agreement (International Seaways, Inc.)
Ship Management. Cause all Vessels owned by the Restricted Parties to be managed by Holdings or any Subsidiary or Affiliate of Holdings Holdings, V Ships UK Limited or any third party manager reasonably acceptable to the Administrative Agent, in each case, who is a Section 2 Citizenother Acceptable Third Party Technical Manager.
Appears in 1 contract
Samples: Security Agreement (Overseas Shipholding Group Inc)
