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;
Appears in 2 contracts
Samples: Term Loan Agreement (Teekay Shipping Corp), Credit Facility Agreement (Teekay Shipping Corp)
Vessel Management. Cause its Vessel to be managed by the Manager or such ship manager selected by the Borrowers Owners and satisfactory to the Majority Lenders Banks pursuant to a written management agreement acceptable to the Majority LendersBanks;
Appears in 1 contract
Vessel Management. Cause its Vessel to be managed by the Manager or such ship manager selected by the Borrowers Owners and satisfactory to the Majority Lenders Banks pursuant to a written management agreement acceptable to the Majority LendersBanks;
Appears in 1 contract
Samples: Reimbursement and Cash Deposit Agreement (Teekay Shipping Corp)
