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)
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)
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)