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Common use of Termination After Change of Control Clause in Contracts

Termination After Change of Control. 25.1 This Agreement will terminate automatically immediately after a change of control (as defined below) of the Owners and/or of the Owner's ultimate parent. Upon such termination, the Owners will be required to pay the Manager the Termination Payment in a single Installment.

Appears in 4 contracts

Samples: Management Agreement (Dynagas LNG Partners LP), Ship Management Agreement (Dynagas LNG Partners LP), Ship Management Agreement (Dynagas LNG Partners LP)

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Termination After Change of Control. 25.1 This Agreement will terminate automatically immediately after a change of control (as defined below) of the Owners and/or of the Owner's ’s ultimate parent. Upon such termination, the Owners will be required to pay the Manager the Termination Payment in a single Installment.

Appears in 4 contracts

Samples: Shipping Agreement (Dynagas LNG Partners LP), Ship Management Agreement (Dynagas LNG Partners LP), Ship Management Agreement (Dynagas LNG Partners LP)

Termination After Change of Control. 25.1 This Agreement will terminate automatically immediately after a change of control (as defined below) of the Owners and/or of the Owner's Owners ultimate parent. Upon such termination, the Owners will be required to pay the Manager the Termination Payment in a single Installmentinstallment.

Appears in 2 contracts

Samples: Ship Management Agreement (DryShips Inc.), Ship Management Agreement (DryShips Inc.)

Termination After Change of Control. 25.1 This Agreement will terminate automatically immediately after a change of control (as defined below) of the Owners and/or of the Owner's Owners’ ultimate parent. Upon such termination, the Owners will be required to pay the Manager the Termination Payment in a single Installmentinstallment.

Appears in 1 contract

Samples: Ship Management Agreement (DryShips Inc.)

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Termination After Change of Control. 25.1 This Agreement will terminate automatically immediately after a change of control (as defined below) of the Owners and/or of the Owner's Owners ultimate parent. Upon such termination, the Owners will be required to pay the Manager the Termination Payment in a single Installment.

Appears in 1 contract

Samples: Ship Management Agreement (DryShips Inc.)

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