Approved Commercial Manager means, in relation to a Ship, Ardmore Shipping (Bermuda) Limited, Frontline Management AS, the Corporate Guarantor, an Affiliate of the Corporate Guarantor, or any other person approved in writing by the Facility Agent acting with the authorisation of the Majority Lenders, as the commercial manager of that Ship and, for the avoidance of doubt, this shall include Mxxxxx Ltd. as the pool manager under the Pool Agreement or any pool manager under another pool agreement in relation to the Ships which may be approved by the Facility Agent acting with the authorisation of the Majority Lenders.
Approved Commercial Manager means, in relation to a Collateral Ship, any Debtor or any other person approved in writing by the Agent as the commercial manager of that Collateral Ship.
Approved Commercial Manager means, in relation to a Ship, as at the date of this Agreement, OET Chartering Inc, a corporation incorporated in the Republic of The Mxxxxxxx Islands whose registered office is at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Mxxxxxxx Islands MH96960, or any other person approved in writing by the Facility Agent acting with the authorisation of the Majority Lenders (in their sole discretion) as the commercial manager of that Ship.
Examples of Approved Commercial Manager in a sentence
Approved Commercial Manager means, in relation to a Ship, a Subsidiary of the Facility Guarantor, Dorian (Hellas) S.A., or any other manager acceptable to the Administrative Agent (acting with the instructions of the Required Lenders), provided that no change of commercial management shall be permitted without the prior written consent of the Required Lenders, such consent not to be unreasonably withheld or delayed.
The technical management of each Ship shall be carried out by an Approved Technical Manager and the commercial management of each Ship shall be carried out by an Approved Commercial Manager.
More Definitions of Approved Commercial Manager
Approved Commercial Manager means SCM, Scorpio Services Holdings Ltd or any other reputable commercial management company proposed by the Borrowers which the Agent, with the consent of all Lenders, may reasonably approve from time to time as the commercial manager of a Collateral Vessel;
Approved Commercial Manager in relation to a Ship, Ardmore Maritime Services (Asia) PTE Limited, an Affiliate of Ardmore Maritimes Services (Asia) PTE Limited, or any other person approved in writing by the Facility Agent acting with the authorisation of the Majority Lenders, as the commercial manager of that Ship and, for the avoidance of doubt, this shall include Ardmore MR Pool LLC or any pool manager (which shall be an affiliate of Ardmore MR Pool LLC) under a pool agreement (if any), in relation to the Ships which may be approved by the Facility Agent acting with the authorisation of the Majority Xxxxxxx.
Approved Commercial Manager means, in relation to a Ship, Dorian (Hellas) S.A., a company organised and existing under the laws of Panama and having a place of business at 102-104 Xxxxxxxxxxx Xxxxxx, 000 00 Xxxxxxx, Xxxxxx or Dorian Management LPG Corp., a corporation organised and existing under the laws of the Xxxxxxxx Islands and having a place of business at 102-104 Xxxxxxxxxxx Xxxxxx, 000 00 Xxxxxxx, Xxxxxx or any other person approved in writing by the Facility Agent acting with the authorisation of the Majority Lenders, as the commercial manager of that Ship such approval not to be unreasonably withheld or delayed.
Approved Commercial Manager means, in relation to a an Original Ship, as at the date of this Agreement, in relation to Ship G as at the Effective Date and in relation to Ship H and Ship I as at the Second Effective Date, the manager specified as the approved commercial manager in relation to that Ship in Schedule 9 (Details of the Ships) or any other person (including any commercial ship management company controlled by the Disclosed Persons) approved in writing by the Facility Agent acting with the authorisation of the Lenders as the commercial manager of that Ship, such approval not to be unreasonably withheld.
Approved Commercial Manager means, in relation to a Ship, Conchart Commercial Inc., a corporation incorporated in the Xxxxxxxx Islands whose registered address is at Trust Company Complex, Ajeltake Road, Ajeltake Island, MH96960, Majuro, Xxxxxxxx Islands, or any other person approved in writing by the Facility Agent acting with the authorisation of the Majority Lenders as the commercial manager of that Ship.
Approved Commercial Manager means, as at the date of this Agreement, the Borrower, the Guarantor or any other Subsidiary of the Guarantor or any other person approved in writing by the Facility Agent, acting with the authorisation of the Majority Lenders, acting reasonably, as the commercial manager of the Vessel.
Approved Commercial Manager means, in relation to a Vessel, Navios Shipmanagement Inc., or any other management company as the Agent may, with the authorisation of the Majority Lenders, approve in writing from time to time in respect of that Xxxxxx.