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: Senior Secured Loan Facility Agreement (International Shipholding Corp), Senior Secured Loan 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: Senior Secured Term Loan Facility Agreement (International Shipholding Corp)

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: Senior Secured Term Loan Facility Agreement (International Shipholding Corp)

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Vessel Management. Upon the delivery of each the Vessel, (i) cause such the Vessel to be managed both commercially and technically managed by the Guarantor, 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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