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)
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
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