Approved Commercial Manager means, in relation to a Collateral Ship, any Debtor or any other person approved in writing by the Agent as the commercial manager of that Collateral Ship.

Approved Commercial Manager means, in relation to a Ship, Ardmore Shipping (Bermuda) Limited, Frontline Management AS, the Corporate Guarantor, an Affiliate of the Corporate Guarantor, or any other person approved in writing by the Facility Agent acting with the authorisation of the Majority Lenders, as the commercial manager of that Ship and, for the avoidance of doubt, this shall include Mxxxxx Ltd. as the pool manager under the Pool Agreement or any pool manager under another pool agreement in relation to the Ships which may be approved by the Facility Agent acting with the authorisation of the Majority Lenders.

Approved Commercial Manager means, in relation to a Ship, as at the date of this Agreement, OET Chartering Inc, a corporation incorporated in the Republic of The Mxxxxxxx Islands whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Mxxxxxxx Islands MH96960, or any other person approved in writing by the Facility Agent acting with the authorisation of the Majority Lenders (in their sole discretion) as the commercial manager of that Ship.

Examples of Approved Commercial Manager in a sentence

The technical management of each Ship shall be carried out by an Approved Technical Manager and the commercial management of each Ship shall be carried out by an Approved Commercial Manager.
Councilor Gustafson asked her to clarify if she regarded the rate increases as insufficient or excessive.
It is agreed that the Approved Commercial Manager shall act as administrator of the pooling arrangements in accordance with the Pooling Agreement.
A manager of a Vessel shall not be appointed unless that manager is, in the case of the technical management of a Vessel, an Approved Technical Manager or, in the case of the commercial management of a Vessel, an Approved Commercial Manager.
The Approved Commercial Manager shall also provide such functions to the Company in accordance with this Agreement — including maintenance of bank accounts and all required statutory reporting — the cost and expense of such to be shared between the Parties.

More Definitions of Approved Commercial Manager

Approved Commercial Manager means SCM or any other commercial management company proposed by the Borrowers which the Agent may reasonably approve from time to time as the commercial manager of a Ship;

Approved Commercial Manager in relation to a Ship, Ardmore Maritime Services (Asia) PTE Limited, an Affiliate of Ardmore Maritimes Services (Asia) PTE Limited, or any other person approved in writing by the Facility Agent acting with the authorisation of the Majority Lenders, as the commercial manager of that Ship and, for the avoidance of doubt, this shall include Ardmore MR Pool LLC or any pool manager (which shall be an affiliate of Ardmore MR Pool LLC) under a pool agreement (if any), in relation to the Ships which may be approved by the Facility Agent acting with the authorisation of the Majority Xxxxxxx.

Approved Commercial Manager means, in relation to a Ship, Dorian (Hellas) S.A., a company organised and existing under the laws of Panama and having a place of business at 102-104 Xxxxxxxxxxx Xxxxxx, 000 00 Xxxxxxx, Xxxxxx or Dorian Management LPG Corp., a corporation organised and existing under the laws of the Xxxxxxxx Islands and having a place of business at 102-104 Xxxxxxxxxxx Xxxxxx, 000 00 Xxxxxxx, Xxxxxx or any other person approved in writing by the Facility Agent acting with the authorisation of the Majority Lenders, as the commercial manager of that Ship such approval not to be unreasonably withheld or delayed.

Approved Commercial Manager means, in relation to a Ship, as at the date of this Agreement, the manager specified as the approved commercial manager in relation to that Ship in Schedule 7 (Details of the Ships) or any other person approved in writing by the Facility Agent acting with the authorisation of all the Lenders, such authorisation not to be unreasonably withheld, as the commercial manager of that Ship.

Approved Commercial Manager means, in relation to a Ship, Conchart Commercial Inc., a corporation incorporated in the Xxxxxxxx Islands whose registered address is at Trust Company Complex, Ajeltake Road, Ajeltake Island, MH96960, Majuro, Xxxxxxxx Islands, or any other person approved in writing by the Facility Agent acting with the authorisation of the Majority Lenders as the commercial manager of that Ship.

Approved Commercial Manager means, in relation to a Ship, Ardmore Shipping (Bermuda) Limited, an Affiliate of Ardmore Shipping (Bermuda) Limited, Highlander Tankers AS or any other person approved in writing by the Facility Agent acting with the authorisation of the Majority Lenders, as the commercial manager of that Ship and, for the avoidance of doubt, this shall include Mxxxxx Ltd. and Navig8 Chemicals Pool Inc. as the pool managers under the Pool Agreement or any pool manager under another pool agreement in relation to the Ships which may be approved by the Facility Agent acting with the authorisation of the Majority Lenders.

Approved Commercial Manager in relation to the Vessel means for the time being Fidelity and Seanergy Management or any other person appointed by the Owner with the prior written consent of the Lender not to be unreasonably withheld or delayed, as the commercial manager of the Vessel and includes its successors in title;