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, ▇▇▇▇ 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • All construction and service work (carpet cleaning, extra window cleaning, etc.) must be scheduled and approved by CB Commercial Management Services.

  • If additional keys are required, keys may be obtained from CB Commercial Management Services.

  • Each policy shall name Landlord and Commercial Management Services, Inc., as it's agent as additional insureds and copies of all policies or certificates evidencing the existence and amounts of said insurance shall be delivered to Landlord by Tenant upon request.


More Definitions of Commercial Management Services

Commercial Management Services means the services specified in Clause 3;
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