Common use of Use of monies received Clause in Contracts

Use of monies received. The Manager shall ensure that all monies received in the Owner's account are employed to meet the expenses and disbursements in respect of the Vessel, its operation, and performance of work under Employment Contracts (the "Vessel Operating Costs"), including, but not limited to:

Appears in 4 contracts

Samples: Management Agreement (Ocean Rig UDW Inc.), Management Agreement (Ocean Rig UDW Inc.), Management Agreement (Ocean Rig UDW Inc.)

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Use of monies received. The Manager shall ensure that all monies received in the Owner's account are employed to meet the expenses and disbursements in respect of the Vessel, its operation, and performance of work under Employment Contracts (the "Vessel Operating Costs"), including, but not limited to: (i) (i) wages, recruitment expenses, social expenses, training, travelling and other employee expenses of, and costs of direct and indirect benefits that are granted to the Crew on the Vessel and the onshore base personnel:

Appears in 1 contract

Samples: Management Agreement (Ocean Rig UDW Inc.)

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Use of monies received. The Manager shall ensure that all monies received in the Owner's account are employed to meet the expenses and disbursements in respect of the Vessel, its operation, and performance of work under Employment Contracts (the "'Vessel Operating Costs"), including, but not limited to:

Appears in 1 contract

Samples: Management Agreement (Ocean Rig UDW Inc.)

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