THE MANAGER’S GENERAL OBLIGATIONS Sample Clauses

THE MANAGER’S GENERAL OBLIGATIONS. 4.1 The Manager shall, on behalf of the Group, attend to the day-to-day management of the Vessels in accordance with sound technical and commercial shipping industry standards. 4.2 In the exercise of its duties hereunder, the Manager shall act fully in accordance with the reasonable policies, guidelines and instructions from time to time communicated to it by the Group and serve the Group faithfully and diligently in the performance of this Agreement, exercising all due care, loyalty, skill and diligence to carry out its duties under this Agreement according to sound technical and commercial shipping industry standards. 4.3 For each Vessel now or hereinafter owned by any member of the Group, the Owner shall cause each Subsidiary to enter with the Manager into a contract substantially in the form attached hereto as Appendix I (each a “Shipmanagement Agreement” and collectively the “Shipmanagement Agreements”), with such alterations and additions as are appropriate (provided, that any alterations or additions which materially vary from such form shall require the approval of the Board of Directors of the Owner), and the Manager shall act and do all and/or any of the following acts or things described in this Agreement and each Shipmanagement Agreement in the name and/or on behalf of the Owner and/or its Subsidiaries in all parts of the world directly or through its agents. 4.4 For each Vessel sold or scrapped by any Subsidiary, the Owner shall cause each such Subsidiary to terminate promptly thereafter its applicable Shipmanagement Agreement with the Manager and the Manager agrees to terminate promptly such Shipmanagement Agreement accordingly. Should the Owner decide not to extend the term of this Agreement pursuant to Section 16 hereof, the Manager shall continue to handle all outstanding matters relating to the sale or scrapping of the Group’s Vessels for as long as the Owner requires and in such case the management fee will be reduced by two-thirds (2/3) for the period following the expiration of the stated term of this Agreement. 4.5 The Manager acknowledges that the services it will provide pursuant to the Shipmanagement Agreements are not limited to the services described in such agreements and are instead as set forth in this Agreement. 4.6 In the performance of this Agreement, the Manager shall protect the interests of the Group in all matters directly or indirectly relating to the Vessels. 4.7 The Manager shall ensure that all material property of ...
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THE MANAGER’S GENERAL OBLIGATIONS. 3.01 The Manager shall, on behalf of the Owner, attend to the day-to-day technical and commercial management of the Vessel in accordance with sound technical and commercial shipping industry standards. 3.02 In the exercise of its duties hereunder the Manager shall act fully in accordance with the reasonable policies, guidelines and instructions from time to time communicated to it by the Owner and serve the Owner faithfully and diligently in the performance of this Agreement, according to technical and commercial shipping industry standards. 3.03 In the performance of this Agreement, the Manager shall protect the interests of the Owner in all matters directly or indirectly relating to the Vessel. The Manager shall ensure that adequate manpower is employed by it to perform its obligations under this agreement. Insofar as practicable, it shall use its best efforts to ensure fair distribution of available manpower, supplies and services as between the Vessel and all other vessels under its management.
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THE MANAGER’S GENERAL OBLIGATIONS. 3.0.1 Manager shall, on behalf of Owner, attend to the day-to-day technical and commercial management of each Vessel in accordance with sound technical and commercial shipping industry standards. 3.0.2 In the exercise of its duties hereunder Manager shall act fully in accordance with the reasonable policies, guidelines and instructions from time to time communicated to it by Owner and serve Owner faithfully and diligently in the performance of this Agreement, according to technical and commercial shipping industry standards. 3.0.3 In the performance of this Agreement, Manager shall protect the interests of Owner in all matters directly or indirectly relating to each Vessel. 3.0.4 Manager shall ensure that adequate manpower is employed by it to perform its obligations under this agreement. Insofar as practicable, it shall use its best efforts to ensure fair distribution of available manpower, supplies and services as between each Vessel and all other vessels under its management (each, an "Other Vessel"). 3.0.5 The Manager will provide to the Owner the services of the Owner's chief executive officer ("CEO") and chief financial officer ("CFO") during the term of this Agreement, for which the Owner will reimburse the Manager for the full amount of compensation paid to the Owner's CEO and CFO by the Manager.
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THE MANAGER’S GENERAL OBLIGATIONS. 3.01 Manager shall, on behalf of Owner, attend to the day-to-day commercial and operational management of the Vessels in accordance with sound commercial industry standards. 3.02 In the exercise of its duties hereunder Manager shall act fully in accordance with the reasonable policies, guidelines and instructions from time to time communicated to it by Owner and serve Owner faithfully and diligently in the performance of this Agreement, according to commercial industry standards. 3.03 In the performance of this Agreement, Manager shall protect the interests of Owner in all matters directly or indirectly relating to the Vessel. Manager shall ensure that adequate manpower is employed by it to perform its obligations under this agreement. Insofar as practicable, it shall use its best efforts to ensure fair distribution of available manpower, supplies and services as between the Vessels and all other vessels under its management.
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THE MANAGER’S GENERAL OBLIGATIONS. 3.01 The Manager shall provide management services for the Vessels, which includes, but not limited to, the following functions and subject to and in accordance with the terms and conditions set forth herein: Supervision and review of the approval of the plans and drawings for the construction of the Vessels, always in accordance with the prevailing technical specification and the shipbuilding contract plans; Provision of competent personnel for the on-site supervision of the Vessels’ Construction. Such personnel shall insure that the vessel is being built in accordance with the contract; Appointment of surveyors and competenet technical Consultants as the Manager may consider necessary from time to time to cover any of the above functions and whose fees and expenses shall be charged to the Owner . 3.02 In the exercise of its duties hereunder the Manager shall act fully in accordance with the reasonable policies, guidelines and instructions from time to time communicated to it by the Owner and serve the Owner faithfully and diligently in the performance of this Agreement, according to shipping industry standards. 3.03 In the performance of this Agreement, the Manager shall protect the interests of the Owner in all matters directly or indirectly relating to the Vessels. The Manager shall ensure that adequate manpower is employed by it to perform its obligations under this agreement. Insofar as practicable, it shall use its best efforts to ensure fair distribution of available manpower, and services as between the Vessels and all other vessels under its management.
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Related to THE MANAGER’S GENERAL OBLIGATIONS

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