Common use of Authority of the Managers Clause in Contracts

Authority of the Managers. Subject to the terms and conditions herein provided, during the period of this Agreement the Managers shall carry out the Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform the Management Services in accordance with sound ship management practice, including but not limited to compliance with all relevant rules and regulations.

Appears in 17 contracts

Samples: Maintenance Agreement, Master Agreement, Form of Supervision Agreement (Global Ship Lease, Inc.)

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Authority of the Managers. Subject to the terms and conditions herein provided, during the period of this Agreement the Managers shall carry out the Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform the Management Services in accordance with sound ship management practice, including but not limited to compliance with all relevant rules and regulations.. PART II XXXXXXX 2009 Standard ship management agreement

Appears in 6 contracts

Samples: DryShips Inc., DryShips Inc., DryShips Inc.

Authority of the Managers. Subject to the terms and conditions herein provided, during the period of this Agreement the Managers shall carry out the Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform the Management Services in accordance with sound ship management practice, including but not limited to compliance with all relevant rules and regulations.sound

Appears in 2 contracts

Samples: Master Agreement, Master Agreement (Scorpio Tankers Inc.)

Authority of the Managers. 37 Subject to the terms and conditions herein provided, during the period of this Agreement the Managers shall 38 carry out the Management Services in respect of the Vessel as agents for and on behalf of the Owners. The 39 Managers shall have authority to take such actions as they may from time to time in their absolute discretion 40 consider to be necessary to enable them to perform the Management Services in accordance with sound 41 ship management practice, including but not limited to compliance with all relevant rules and regulations.. 42

Appears in 2 contracts

Samples: Master Agreement (Scorpio Tankers Inc.), Hoegh LNG Partners LP

Authority of the Managers. Subject to the terms and conditions herein provided, during the period of this Agreement the Managers shall carry out the Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform the Management Services in accordance with sound ship management practice, including but not limited to compliance with all relevant rules and regulations.

Appears in 1 contract

Samples: Management Agreement

Authority of the Managers. Subject to the terms and conditions herein provided, during the period of this Agreement the Managers shall carry out the Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform the Management Services in accordance with sound ship management practice, including but not limited to compliance with all relevant rules and regulations.. 7

Appears in 1 contract

Samples: Agreement (Hc2 Holdings, Inc.)

Authority of the Managers. 37 Subject to the terms and conditions herein provided, during the period of this Agreement the Managers shall 38 carry out the Management Services in respect of the Vessel as agents for and on behalf of the Owners. The 39 Managers shall have authority to take such actions as they may from time to time in their absolute discretion 40 consider to be necessary to enable them to perform the Management Services in accordance with sound 41 ship management practice, including but not limited to compliance with all relevant rules and regulations.. 42 PART II XXXXXXX 2009 Standard ship management agreement

Appears in 1 contract

Samples: KNOT Offshore Partners LP

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Authority of the Managers. Subject to the terms and conditions herein provided, during the period of this Agreement the Managers shall carry out the Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform the Management Services in accordance with sound ship management practice, including but not limited to compliance with all relevant rules and regulations.discretion

Appears in 1 contract

Samples: Exmar Energy Partners LP

Authority of the Managers. Subject to the terms and conditions herein provided, during the period of this Agreement the Managers shall carry out the Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to enable them to perform the Management Services in accordance with sound ship management practice, including but not limited to compliance with all relevant rules and regulations.to

Appears in 1 contract

Samples: Master Agreement (Dynagas LNG Partners LP)

Authority of the Managers. Subject to the terms and conditions herein provided, during the period of this Agreement the Managers shall carry out _ the Management Services in respect of the Vessel as agents for and on behalf _ of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary _ to enable them to perform the Management Services _ in accordance with sound ship management practice, including but not limited _ to compliance with all relevant rules _ and regulations.

Appears in 1 contract

Samples: Management Agreement

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