Common use of Vessel Management Clause in Contracts

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 ******;

Appears in 2 contracts

Samples: Facility Agreement (International Shipholding Corp), Facility Agreement (International Shipholding Corp)

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Vessel Management. Upon the delivery of each Vesselof the Vessels, (i) cause such Vessel each of the Vessels to be managed both commercially and technically managed by the Guarantor or a wholly-owned subsidiary of the Guarantor, and (ii) commercially managed by either a wholly-owned subsidiary of the Guarantor or ******thereof;

Appears in 1 contract

Samples: Facility Agreement (International Shipholding Corp)

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Vessel Management. Upon the delivery of each Vessel, (i) cause such Vessel to be technically managed by (1) the Guarantor, (2) a wholly-owned subsidiary of the Guarantor, or (3) C Transport Maritime, and (ii) commercially managed by either (1) the Guarantor, (2) a wholly-wholly owned subsidiary of the Guarantor or ******(3) C Transport;

Appears in 1 contract

Samples: Facility Agreement (International Shipholding Corp)

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