Commercial Management Services definition

Commercial Management Services has the meaning ascribed to such term in Section 3.2.
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Commercial Management Services means the management services as defined and set forth in the Commercial Management Agreement;
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Commercial Management Services has the meaning ascribed to such term in Section 3.2. “Commercial Management Services Fee” has the meaning ascribed to such term in Section 8.1. “Common Shares” means, collectively, the Class A Common Shares and the Class B Common Shares. “Company” means Teekay Tankers Ltd. and any successor company permitted under this Agreement. “Company Breach” has the meaning ascribed to such term in Section 10.4(b). “Company Group” means the Company and its Subsidiaries. “Company Group Member” means any member of the Company Group. “Company Indemnified Persons” has the meaning ascribed to such term in Section 9.4. “Continuing Directors” means, as of any date of determination, any member of the Board of Directors who was (a) a member of the Board of Directors immediately after the completion of the Public Offering or (b) nominated for election or elected to the Board of Directors with the approval of a majority of the directors then in office who were either directors immediately after the completion of the Public Offering or whose nomination or election was previously so approved. “Contribution Agreement” means the Contribution, Conveyance and Assumption Agreement, dated as of December , 2007, among Teekay Corporation, Teekay Holdings Limited and the Company, as the same may be amended or modified from time to time. “Control” or “Controlled” means, with respect to any Person, the right to elect or appoint, directly or indirectly, a majority of the directors of such Person or a majority of the Persons who have the right, including any contractual right, to manage and direct the business, affairs and operations of such Person, or the possession of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of Voting Securities, by contract, or otherwise. “Costs and Expenses” has the meaning ascribed to such term in Section 8.1. “Credit Facilities” means the credit facility agreements listed below, as the same may be amended or modified from time to time, and any and all other credit facilities or other financing facilities entered into by the Company with respect to the Tanker Business or the Vessels, including any replacement facilities: (a) Secured Credit Agreement dated December 17, 2003, among the borrowers party thereto (including, among others, Xxxx Spirit L.L.C. and Matterhorn Spirit L.L.C.) and The Export-Import Bank of Korea, Fortis Capital Corp. and the other lenders party thereto and (b) the Secured Facilit...
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Examples of Commercial Management Services in a sentence

  • Any Dispute relating to the determination of an adjusted Commercial Management Services Fee (a “Commercial Management Services Fee Dispute”) shall be referred to mediation.

  • The initial Commercial Management Services Fee will remain in effect until December 31, 2010, and thereafter will be adjusted every three years beginning January 1, 2011.

  • Ninety (90) days prior to December 31, 2010 and the end of each successive three-year period thereafter, the Manager and the Company shall negotiate in good faith the Commercial Management Services Fee that will be in effect for the successive three-year period.

  • Notwithstanding the foregoing, this Section 2.5 shall not prohibit the Company from having its own employees perform Management Services nor shall it prohibit other Affiliates of Teekay Corporation (or its successors) from providing Commercial Management Services to Vessels under the Teekay Pool Agreement.

  • For the year ended 31 December 2022, the service fees paid by the Group to Chengdu Baorui Group for the Commercial Management Services in aggregate amounted to approximately RMB20.56 million.

  • The Directors estimated that the maximum service fees under the Commercial Management Services Framework Agreement for the years ended 31 December 2020, 2021, 2022 will not exceed RMB56.5 million, RMB33.9 million and RMB25.5 million, respectively.

  • All Base Rent and Additional Rent (collectively "Rents") shall be paid as follows, unless otherwise directed in writing: Draper Business Park, L.C. c/o Prime Commercial Management Services, Inc.

  • On August 25, 2020, Shanghai SCE CM acquired 38.85% of the equity interest in Shanghai Zhongjun Hongshen Commercial Management Services Co., Ltd.

  • If any of the Vessels is sold or otherwise disposed of during the term of this Agreement and as a result CSM provides Commercial Management Services at any time to fewer than 25 Vessels, DSS shall replace such Vessel(s) with an Other Vessel(s) or an Additional Vessel(s) within three (3) months, in order for CSM to provide Commercial Management Services for no fewer than 25 Vessels.

  • Any Dispute relating to the determination of an adjusted Commercial Management Services Fee or Technical Services Fee (a “Services Fee Dispute”) shall be referred to mediation.


More Definitions of Commercial Management Services

Commercial Management Services means the services specified in Clause 3;
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Related to Commercial Management Services

  • Case management services means planned referral, linkage, monitoring and support, and advocacy provided in partnership with a consumer to assist that consumer with self sufficiency and community tenure and take place in the individual’s home, in the community, or in the facility, in accordance with a service plan developed with and approved by the consumer and qualified staff.

  • Investment Management Services means any services which involve: (i) the management of an investment account or Fund (or portions thereof or a group of investment accounts or Funds); (ii) the giving of advice with respect to the investment and/or reinvestment of assets or funds (or any group of assets or funds); or (iii) otherwise acting as an “investment adviser” within the meaning of the Investment Advisers Act of 1940, as amended, including, without limitation, in each of the foregoing cases, performing activities related or incidental thereto.

  • Procurement Services shall refer to a business unit of OGS, formerly known as New York State Procurement (“NYSPro”) and Procurement Services Group (“PSG”).

  • Appraisal management services means one or more of the following:

  • Client services means services provided directly to agency

  • 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;

  • 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;

  • Development Services “Target Market”; “Investment Areas”; and “Targeted Populations” have the meanings ascribed to such terms in 12 C.F.R. 1805.104.

  • Outpatient services means those services rendered in a practitioner’s office or in the department of an approved facility where services are rendered to persons who have not had an overnight stay and are not charged for room and board.

  • Investment Services means the Investment Services under the Company’s CIF license which can be found in the document “Company Information”.

  • Beta Services means Xxxxxx services or functionality that may be made available to Customer to try at its option at no additional charge which is clearly designated as beta, pilot, limited release, developer preview, non-production, evaluation, or by a similar description.

  • Administration Services means the services required for the effective and efficient administration of Bonitas and includes, but are not necessarily limited to, member record management, contribution management, benefit option management, claims processing and management, management of members’ personal, claims and financial information and any other services that are required for the administration of Bonitas;

  • Pharmacist services means products, goods, and services, or any combination of products, goods, and services, provided as a part of the practice of pharmacy.

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

  • Pharmacy services means the practice of pharmacy as defined in chapter 18.64 RCW and includes any drugs or devices as defined in chapter 18.64 RCW.

  • 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.

  • Information Services means the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access System; or, such other services providing information with respect to called municipal obligations as the District may specify in writing to the Paying Agent or as the Paying Agent may select.

  • Inpatient services means services provided to you as an admitted inpatient in a recognised private or public hospital for treatment that is in an included clinical category, has a Medicare item number allocated and a Medicare benefit is payable.

  • Internet Services means that part of the Data & Internet Services which is accessible via the public internet. This includes internet access, email facilities, web-page facilities and any other related internet facility or services that we may provide from time to time. This specifically does not refer to wide area networking services that are not accessible via the public internet.

  • Educational Services means educational training provided to Entitled Students at a School;

  • Home health aide services means the personal care and maintenance activities provided to individuals for the purpose of promoting normal standards of health and hygiene.

  • Portfolio Management Services means management of the investment and reinvestment of the assets belonging to the Series, consisting specifically of the following:

  • 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;

  • Payment Services means such Services as We provide in relation to payments into and out of Your Account.

  • Hospice services means palliative and supportive care and other services provided by an interdisciplinary team under the direction of an identifiable hospice administration to terminally ill hospice patients and their families to meet the physical, nutritional, emotional, social, spiritual, and special needs experienced during the final stages of illness, dying, and bereavement, as defined in Minnesota Statutes, § 144A.75, subd. 8, and includes the set of services as determined by the Medicare program under §1861(dd) of the Social Security Act and defined in 42 CFR § 418.3.

  • Chief Student Services Officer means the Administrative Officer at the College who has overall management responsibility for student services, or his/her designee.