Vessel Management. Cause each of the Vessels owned by it to be managed both commercially and technically by the Vessel Manager;
Vessel Management. Cause its Vessel to be managed by the Manager or such ship manager selected by the Borrowers and satisfactory to the Majority Lenders pursuant to a written management agreement acceptable to the Majority Lenders;
Vessel Management. Upon the delivery of each Vessel, (i) cause such Vessel to be technically managed by a wholly-owned subsidiary of the Guarantor, and (ii) commercially managed by either a wholly-owned subsidiary of the Guarantor or ******;
Vessel Management. Cause the Vessels to be managed both commercially and technically by ISH, a wholly-owned subsidiary thereof or its existing manager;
Vessel Management. (a) Ensure that (unless any Vessel is being chartered pursuant to an Acceptable Bareboat Charter and with the exception of the Pacific Santa Xxx) its Vessel is managed, technically and commercially, by the Manager;
(b) In the case of Pacific Santa Xxx X.à x.x., ensure that its Vessel is managed, technically and commercially, by PDI.
Vessel Management. Cause each of the Vessels to be managed by the Borrower, by a wholly-owned subsidiary thereof or by third party manager reasonably acceptable to the Agent and procure that no agreements providing or governing the management of such vessels shall be amended or modified without the prior written consent of the Agent unless (in the case of management agreements other than Key Management Agreements) such amendment or modification would not, in the reasonable opinion of the Agent, adversely affect the economic interests of the Borrower or any other Security Party thereunder;
Vessel Management. Cause the Vessel to be managed by the Guarantor or a wholly-owned Subsidiary thereof (it being understood that the technical management of the Vessel may be subcontracted to Wallem Shipmanagement Hong Kong, or another internationally recognized vessel technical manager approved by the Agents, such approval not to be unreasonably withheld, delayed or conditioned);
Vessel Management. Cause the Vessels to be managed technically and commercially by OSG Ship Management (or an entity that is successor to substantially all of OSG Ship Management’s U.S. Flag ship management business and is wholly owned by either OSG or the Parent);
Vessel Management. The Company shall not contract out the management of the Vessel except to an Affiliate.
Vessel Management. Upon the delivery of the Vessel, cause the Vessel to be managed both commercially and technically by the Guarantor, a wholly-owned subsidiary thereof;
