Common use of Vessel Management Clause in Contracts

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. 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;

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;

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 LendersLenders (provided, however, that the Lenders hereby agree to the management of the ALLIANCE SPIRIT by Teekay Shipping Limited in the event the Management Agreement for such Vessel with Expedo Ship Management (Canada) Ltd. is terminated for any reason);