Vessel Management Agreement definition

Vessel Management Agreement means, in relation to the Vessel, each technical or commercial management agreement executed or to be executed (as the case may be) between (a) an Approved Manager (as technical or commercial manager (as the case may be)), and (b) the Charterers (as demise owners).
Sample 1Sample 2Sample 3
Vessel Management Agreement means (i) the Management and Construction Supervision Agreement dated as of July 28, 2009, between Xxxxxxx Technical Management, Inc. and APT, as amended, restated, supplemented or otherwise modified from time to time.
Sample 1
Vessel Management Agreement means an agreement entered into between a Borrower and a Manager in respect of the management of that Borrower’s Vessel, other than the Pacific Sana Xxx that is in form and substance satisfactory to the Intercreditor Agent.
Sample 1Sample 2

Examples of Vessel Management Agreement in a sentence

  • In the case of any Proposed Charter that is Conforming Charter, the Board shall vote in accordance with Section 6.4(d), within 15 Business Days after the presentation of such Charter in accordance with Exhibit A to the Vessel Management Agreement, to authorize or decline to accept the terms of such Proposed Charter.

  • JV LLC has delegated certain of its managerial responsibilities hereunder as more specifically set forth in the Vessel Management Agreement.

  • Any and all expenses, costs, losses, or similar items incurred by the Company as a result of any breach by the Vessel Manager under the Vessel Management Agreement, along with any gross income or gain resulting from indemnification and compensation for such items, shall be allocated to the Class B Member.LLC Agreement (f) Section 754 Adjustments.

  • At June 30, 2008 and 2007, one vessel was operating under the Vessel Management Agreement resulting in management fees and expense reimbursements of $1,309,284 and $171,710, respectively.

  • Rigdon Marine Holdings, L.L.C. Notes to Consolidated Financial Statements June 30, 2008 and 2007 In April 2007, the Company entered into a Vessel Management Agreement with Jackson.

  • The Managing Member is hereby authorized and directed to enter into the Vessel Management Agreement, pursuant to which it will delegate to the Vessel Manager certain of its duties as Managing Member hereunder, as more specifically provided in the Vessel Management Agreement, any or all of which duties may be subcontracted to third Persons by the Vessel Manager in accordance with the terms of the Vessel Management Agreement.

  • The Parties hereto agree that all services performed by the Company for Xxxxxx under the Vessel Management Agreement shall be of a professional quality consistent with the highest international industry standards for the provision of similar services and in compliance with the requirements of the Vessel Management Agreement.


More Definitions of Vessel Management Agreement

Vessel Management Agreement means, in respect of a Vessel, the management agreement entered into or to be entered into between, the Manager and the Bareboat Charterer.
Sample 1Sample 2
Vessel Management Agreement shall have the meaning set forth in Section 4.8(g).
Sample 1
Vessel Management Agreement means the vessel management contract to be made between Xxxxxx Marine Corporation and the Company in the form annexed as Schedule 3 as the same may be amended by the parties thereto and for the time being in force.
Sample 1
Vessel Management Agreement means the Management and Operating Agreement dated as of August 7, 2006, between the Company and the Vessel Manager.
Sample 1

Related to Vessel Management Agreement

  • 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.

  • 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.

  • 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.

  • 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.

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

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

  • 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;

  • 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.

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

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

  • 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.

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

  • 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.

  • Management Agreement means the agreement of the Directors in the form attached hereto as Schedule C. The Management Agreement shall be deemed incorporated into, and a part of, this Agreement.

  • Assignment of Management Agreement means the Assignment of Management Agreement and Subordination of Management Fees, dated the same date as this Loan Agreement, among Borrower, Lender and Property Manager, including all schedules, riders, allonges and addenda, as such Assignment of Management Agreement may be amended from time to time, and any future Assignment of Management Agreement and Subordination of Management Fees executed in accordance with Section 6.09(d).

  • Secondment Agreement is defined in Section 2.2.

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Factoring Agreement means any factoring agreement by and between Borrower and/or any Restricted Subsidiary and a Factor.

  • Client Agreement means the agreement between the Company and the Client, which together with the Terms of Business are defined as “Operative Agreements” and govern the terms on which the Company deals with the Client.

  • Transportation Agreement means an agreement pursuant to the Tariff under which Transporter provides Transportation or other contract services to a Shipper.

  • Network Operating Agreement means an executed agreement that contains the terms and conditions under which the Network Customer shall operate its facilities and the technical and operational matters associated with the implementation of Network Integration Transmission Service under Tariff, Part III.

  • Management Letter means formal communications from the auditor to the client management in accordance with the International Standard on Auditing 265 (communicating deficiencies in internal control to those charged with governance and management), which is not required to be provided separately as it is equivalent to the Audit Findings and Recommendations prepared by the Project auditor and submitted to ADB;

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • Co-operation Agreement means an agreement relating to compensation arrangements in the form of the relevant template Co-operation Agreement being:

  • 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.

  • 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.