Management Agreement Assignment definition

Management Agreement Assignment means the valid and effective first legal assignment of the Management Agreement (together with the notice thereof and the acknowledgement), to be executed by the Borrower in favour of the Trustee, such assignment, notice and acknowledgement to be in the form and on the terms and conditions required by the Agent and the Hermes Agent;

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Management Agreement Assignment means each assignment of a Management Agreement granted or to be granted in favor of the Security Trustee by a Vessel Owner with any and all notices and acknowledgements entered into in connection therewith, one to be entered into between the Manager and the relevant Vessel Owner.

Management Agreement Assignment means, in relation to each Management Agreement, the assignment of the rights and interests of the Borrower and the relevant Owner under that Management Agreement in such form as the Lenders may approve or require and, in the plural, means all of them;

Examples of Management Agreement Assignment in a sentence

Lender further consents to (A) the execution and delivery of the TRS Lease (provided that such lease shall at all times be subject and subordinate to the liens and encumbrances securing the Obligations) and (B) the execution and delivery of the Management Agreement (subject to the terms and conditions of the Management Agreement Assignment).
Upon the terms and subject to the satisfaction or waiver of the conditions set forth in this Agreement, Sirius LLC will assign to New Sirius, and New Sirius will assume from Sirius LLC, all of Sirius LLC’s right, title, and interest in and obligations with respect to the Sirius Management Agreement at the Sirius Management Agreement Assignment Effective Time.
Stock; (3) the Standby Management Agreement Assignment, in the applicable form attached hereto as Exhibit A, assigning to Agent, as agent for each Lender, all of Borrower's right, title and interest in the Standby Management Agreement Assignment; and (4) the Standby Servicing Agreement Assignment, in the applicable form attached hereto as Exhibit A, assigning to Agent, as agent for each Lender, all of Borrower's right, title and interest in the Standby Servicing Agreement.
A manager of the Ship shall not be appointed unless that manager and the terms of its appointment are approved (such approval not to be unreasonably withheld or delayed) by the Lenders and it has delivered a duly executed Manager's Undertaking and the relevant Owner has delivered a duly executed Management Agreement Assignment to the Security Agent.
Seller shall obtain and deliver Manager's signature to the Management Agreement Assignment.

More Definitions of Management Agreement Assignment

Management Agreement Assignment means the assignment of the Management Agreement entered into by the Owner in favour of the Security Trustee together with any and all notices and acknowledgments entered into in connection therewith and dated 17 September 2008.

Management Agreement Assignment means, in relation to each Management Agreement, the first priority assignment of the rights and interests of the relevant Owner under that Management Agreement in such form as the Lenders may approve or require and, in the plural, means all of them;

Management Agreement Assignment means, in relation to a Ship, an assignment of any Approved Management Agreement, in the form set out in Appendix L;

Management Agreement Assignment means that certain Assignment, Consent and Subordination Regarding Management Agreement, dated February 14, 2011, among Manager, TRS Lessee and Lender, as the same may be amended from time to time.

Management Agreement Assignment means the assignment of the Management Agreement in the form attached at Appendix A (Form of Management Agreement Assignment) and to be entered into on or prior to the Utilisation Date for the Instalment Loan 1, granted by the Owner in favour of the Security Trustee together with any and all notices and acknowledgments entered into in connection therewith.

Management Agreement Assignment means that certain Consolidated Amended and Restated Collateral Assignment of Management Agreements dated as of the date of this Agreement, executed in favor of the Lender by each Borrower party to a Management Agreement as a manager (other than Management Agreements with Managed Entities), as amended and in effect from time to time.

Management Agreement Assignment means the assignment of the Management Agreement granted or to be granted in favour of the Facility Agent by the Borrower in the form of Appendix 6 together with any and all notices and acknowledgements entered into in connection therewith. Manager means Seaspan Management Services Limited of ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇ ▇▇, Bermuda or such other professional manager or managers as may be approved by the Facility Agent (acting in accordance with the instructions of the Majority Lenders) from time to time. Manager's Undertaking means a letter of undertaking to be issued by the Manager to the Facility Agent confirming it shall not make a claim to security ranking ahead of the Lenders' security in respect of a Vessel in form and substance satisfactory to the Facility Agent.