Commercial Management Agreements definition

Commercial Management Agreements means the commercial management agreements in the Agreed Form to be entered into between the Commercial Manager and the Owners of the Vessels and pursuant to which the Commercial Manager shall provide commercial fleet management services to each of the Owners, set out in Schedule 6;
Sample 1
Commercial Management Agreements has the meaning specified in Section 3.01(a)(iv)(B).
Sample 1
Commercial Management Agreements means (i) that certain ship management agreement made by and among, inter alios, the applicable Subsidiary listed on Schedule III hereto under the heading “Direct Owner”, and Diamond S Management, as Commercial Manager, each as in effect on the date hereof and without giving effect to any amendments, restatements, supplements or other modifications thereto (other than any amendments, restatements, supplements or other modifications thereto solely to add or remove Vessels (as defined therein) (other than Collateral Vessels)) and (ii) each other ship management agreement entered into by the Borrower or another Credit Party and a Commercial Manager other than Diamond S Management, a copy of which is delivered to the Administrative Agent.
Sample 1

Examples of Commercial Management Agreements in a sentence

  • The Property Management Agreements and Commercial Management Agreements were negotiated on arms’ length basis and, in agreeing to the terms of the Property Management Agreements and the Commercial Management Agreements, had considered the expertise, track record and past performance of the Property Manager and the Commercial Manager.

  • Further, the expansion of the scope of the reimbursable employee related expenses under the Property Management Agreements and the Commercial Management Agreements was a key term negotiated by the Property Manager and the Commercial Manager for the entry into of the Property Management Agreements and the Commercial Management Agreements as they had faced severe operational and costs pressure when they previously bore all such employee related expenses, which was not operationally sustainable for them.

  • The audit and risk committee of the Trustee-Manager (which comprises the three independent directors of the Trustee-Manager) is of the view that the appointment of the Property Manager and the Commercial Manager to provide the services under each of the Property Management Agreements and each of the Commercial Management Agreements, respectively, is based on normal commercial terms and is not prejudicial to the interests of Dasin Retail Trust and its minority unitholders.

  • A market comparison on the fees and terms and conditions of the Property Management Agreements and the Commercial Management Agreements was undertaken by the Trustee-Manager, and the Trustee-Manager found the Property Management Agreements and Commercial Management Agreements (including the reimbursable employee related expenses) to be comparable to the market.

  • The Trustee-Manager had considered the terms of the Property Management Agreements and the Commercial Management Agreements, and had found them (including the aforementioned changes) to be in line with the market practice for property management agreements or, as the case may be, commercial management agreements.

  • The total value of all interested person transactions includes the approximately S$9.6 million relating to the value of the Property Management Agreements and the Commercial Management Agreements (each as defined herein).

  • The term of the Property Management Agreements and the Commercial Management Agreements has been restructured to two years to provide for greater operational stability in relation to the management of the Properties by the Property Manager and the Commercial Manager.

  • The term of the Property Management Agreements and the Commercial Management Agreements has been extended to two years to provide for greater operational stability in relation to the management of the Properties by the Property Manager and the Commercial 1 "Interested person transaction" means a transaction between an entity at risk and an "interested person" (as defined in the Listing Manual).Manager.

  • Market comparison on the fees and terms and conditions of the Property Management Agreements and Commercial Management Agreements were undertaken by the Trustee-Manager, and the Trustee-Manager found the Property Management Agreements and Commercial Management Agreements to be comparable to the market.

  • The total value of all interested person transactions includes the approximately S$17.1 million relating to the value of the Property Management Agreements and the Commercial Management Agreements (each as defined herein).


More Definitions of Commercial Management Agreements

Commercial Management Agreements means any or all of them;
Sample 1
Commercial Management Agreements means, collectively (a) that certain Commercial Management Agreement, dated as of the Closing Date, between the Borrower and Capital Ship Management, as Commercial Manager, and (b) that certain Ship Management Agreement made by and among, inter alios, DSS Vessel III and Diamond S Management, as Commercial Manager, each as in effect on the date hereof and without giving effect to any amendments, restatements, supplements or other modifications thereto (other than any amendments, restatements, supplements or other modifications thereto solely to add or remove Vessels (as defined therein) (other than Collateral Vessels)).
Sample 1
Commercial Management Agreements has the meaning given to it in Clause 3.1 of the Joint Venture Agreement;
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Commercial Management Agreements means collectively, (x) all existing commercial ship management agreements as listed on Schedule IV and (y) any commercial management agreement respecting a Collateral Vessel with an Affiliate of the Borrower (including any Diamond S Management Agreement).
Sample 1

Related to Commercial Management Agreements

  • Project Management Agreement means the agreement dated the 20th February 1985 made between the Trustee and the Manager providing for the Manager to manage and co-ordinate the development and construction of the Resort and includes, if that agreement is terminated, any other agreement in like and similar terms made with the prior consent of the Minister;

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • Hotel Management Agreement means any hotel management agreement relating to the management and operation of the Real Property together with all supplements, amendments and modifications thereto.

  • Investment Management Agreement means the Investment Management Agreement, dated as of the date hereof, by and between the Investment Manager and the Borrower.

  • Existing Management Agreement means that certain management agreement between the Seller and the Existing Manager for the operation and management of the Hotel.

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • Treasury Management Agreement means any agreement governing the provision of treasury or cash management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services.

  • Procurement Management means the Director of Lee County’s Procurement Management Department or designee.

  • Financial Management Manual means the manual dated June 2009, adopted by the Project Implementing Entity for the purpose of implementing and monitoring the financial management aspects of the Project.

  • Commercial Manager means Top Tanker Management Inc. of Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MN 96960 or any other person appointed bx xxx Xxxxxxxxx xxxx xxx xxxxx written consent of the Agent as commercial manager of the Ship and includes its successors in title;

  • Replacement Management Agreement means, collectively, (a) either (i) a management agreement with a Qualified Manager substantially in the same form and substance as the Management Agreement, or (ii) a management agreement with a Qualified Manager, which management agreement shall be reasonably acceptable to Lender in form and substance, provided, with respect to this subclause (ii), Lender, at its option, may require that Borrower shall have obtained prior written confirmation from the applicable Rating Agencies that such management agreement will not cause a downgrade, withdrawal or qualification of the then current rating of the Securities or any class thereof and (b) an assignment of management agreement and subordination of management fees substantially in the form then used by Lender (or of such other form and substance reasonably acceptable to Lender), executed and delivered to Lender by Borrower and such Qualified Manager at Borrower’s expense.

  • New Management Agreement means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date.

  • Property Management Agreement means that certain management agreement between the Company and the Property Manager with respect to the management of the Property.

  • Corporate Services Agreement means the Corporate Services Agreement dated as of the date hereof between the Borrower and the Services Provider, as amended from time to time in accordance with the terms hereof and thereof.

  • Construction Management Agreement means the Construction Management Agreement, dated as of the date of the Common Agreement, between Construction Manager and the Project Company.

  • Rate Management Agreement means any agreement, device or arrangement providing for payments which are related to fluctuations of interest rates, exchange rates, forward rates, or equity prices, including, but not limited to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts and warrants, and any agreement pertaining to equity derivative transactions (e.g., equity or equity index swaps, options, caps, floors, collars and forwards), including without limitation any ISDA Master Agreement between Borrower and Lender or any affiliate of Fifth Third Bancorp, and any schedules, confirmations and documents and other confirming evidence between the parties confirming transactions thereunder, all whether now existing or hereafter arising, and in each case as amended, modified or supplemented from time to time.

  • Sponsor Management Agreement means the Management Agreement between certain of the management companies associated with the Sponsors and the Borrower.

  • Asset Management Plan means a strategic document that states how a group of assets are to be managed over a period of time. The plan describes the characteristics and condition of infrastructure assets, the levels of service expected from them, planned actions to ensure the assets are providing the expected level of service, and financing strategies to implement the planned actions. The plan may use any appropriate format, as long as it includes the information and analysis required to be in a plan as described in Ontario’s Building Together: Guide for Asset Management Plans.

  • Commercial Services means any waste management service, relating or connected to accumulating, collecting, managing, recycling, sorting, storing, treating, transporting, disposing, buying or selling of waste or any other manner of handling waste excluding services rendered by the municipality;

  • Investment Management Agreement or IMA means the Investment Management Agreement (IMA) dated December 9, 2002, executed between UTI Trustee Company Private Limited and UTI Asset Management Company Limited.

  • Drug therapy management means the review of a drug therapy regimen of a patient by one or more pharmacists for the purpose of evaluating and rendering advice to one or more practitioners regarding adjustment of the regimen.

  • Marketing Agreement means an agreement entered into, with the director, by producers, distributors, processors, or handlers pursuant to this act and binding only on those signing the agreement.

  • Development Agreements means all development, utility or similar agreements included in the Permitted Encumbrances.

  • Asset Management is a principle/practice that includes planning processes, approaches, plans, or related documents that support an integrated lifecycle approach to the effective stewardship of infrastructure assets to maximize benefits and effectively manage risk.

  • Project Management Plan means the portion of the Project Development Plan providing the information requested in Section 4.2 of Exhibit B to the ITP.

  • energy management system means a set of interrelated or interacting elements of a plan which sets an energy efficiency objective and a strategy to achieve that objective;