Common use of Commercial Services Clause in Contracts

Commercial Services. SECTION 6.1 To the extent the Parent elects to have the Manager provide such services, the Manager shall provide the following commercial services to the Group: (a) performing class records review and physical inspections in connection with any vessel to be purchased by a member of the Group; (b) at the request and under the direction of the Parent, providing administrative services in connection with the purchase of a second-hand vessel or the acquisition or sale of a Newbuild, in either case by any member of the Group, including, if specifically instructed by the Parent in writing, signing any agreed form of memorandum of agreement, shipbuilding contract or other similar contract for and on behalf of the relevant member of the Group; and (c) at the request of the Parent, providing certain services in connection with a member of the Group taking physical delivery of a Vessel or registering a Vessel or deleting a Vessel from the applicable port of registry on behalf of the relevant member of the Group.

Appears in 4 contracts

Sources: Management Agreement (Safe Bulkers, Inc.), Management Agreement (Safe Bulkers, Inc.), Management Agreement (Safe Bulkers, Inc.)

Commercial Services. SECTION 6.1 Section 1.1 To the extent the Parent elects to have Manager acts as manager of any member of the Manager provide such servicesGroup, the Manager shall provide the following commercial services to such member of the Group: (a) performing class records review and physical inspections in connection with any vessel to be purchased by a member of the Group; (b) at the request and under the direction of the Parent, providing administrative services in connection with the purchase of a second-hand vessel or the acquisition or sale of a Newbuild, in either case by any member of the Group, including, if specifically instructed by the Parent in writing, signing any agreed form of memorandum of agreement, shipbuilding contract or other similar contract for and on behalf of the relevant member of the Group; and (c) at the request of the Parent, providing certain services in connection with a member of the Group taking physical delivery of a Vessel or registering a Vessel or deleting a Vessel from the applicable port of registry on behalf of the relevant member of the Group.

Appears in 2 contracts

Sources: Management Agreement (Safe Bulkers, Inc.), Management Agreement (Safe Bulkers, Inc.)

Commercial Services. SECTION 6.1 To the extent the Parent elects to have Manager acts as manager of any member of the Manager provide such servicesGroup, the Manager shall provide the following commercial services to such member of the Group: (a) performing class records review and physical inspections in connection with any vessel to be purchased by a member of the Group; (b) at the request and under the direction of the Parent, providing administrative services in connection with the purchase of a second-hand vessel or the acquisition or sale of a Newbuild, in either case by any member of the Group, including, if specifically instructed by the Parent in writing, signing any agreed form of memorandum of agreement, shipbuilding contract or other similar contract for and on behalf of the relevant member of the Group; and (c) at the request of the Parent, providing certain services in connection with a member of the Group taking physical delivery of a Vessel or registering a Vessel or deleting a Vessel from the applicable port of registry on behalf of the relevant member of the Group.

Appears in 2 contracts

Sources: Management Agreement (Safe Bulkers, Inc.), Management Agreement (Safe Bulkers, Inc.)

Commercial Services. SECTION 6.1 To 6.1. In addition to the extent the Parent elects to have services provided by the Manager provide such servicesunder clause 3.3 of each Shipmanagement Agreement, the Manager shall provide the following commercial services to the Group: (a) performing class records review and physical inspections in connection with any vessel to be purchased by a member of the Group; (b) at the request and under the direction of the Parent, providing administrative services in connection with the purchase of a second-hand vessel or the acquisition or sale of a Newbuild, in either case by any member of the Group, including, if specifically instructed by the Parent in writing, signing any agreed form of memorandum of agreement, shipbuilding contract or other similar contract for and on behalf of the relevant member of the Group; and (c) at the request of the Parent, providing certain services in connection with a member of the Group taking physical delivery of a Vessel or registering a Vessel vessel or deleting a Vessel vessel from the applicable port of registry on behalf of the relevant member of the Group.

Appears in 1 contract

Sources: Management Agreement (Alma Maritime LTD)

Commercial Services. SECTION Section 6.1 To the extent the Parent elects to have Manager acts as manager of any member of the Manager provide such servicesGroup, the Manager shall provide the following commercial services to such member of the Group: (a) performing class records review and physical inspections in connection with any vessel to be purchased by a member of the Group; (b) at the request and under the direction of the Parent, providing administrative services in connection with the purchase of a second-hand vessel or the acquisition or sale of a Newbuild, in either case by any member of the Group, including, if specifically instructed by the Parent in writing, signing any agreed form of memorandum of agreement, shipbuilding contract or other similar contract for and on behalf of the relevant member of the Group; and (c) at the request of the Parent, providing certain services in connection with a member of the Group taking physical delivery of a Vessel or registering a Vessel or deleting a Vessel from the applicable port of registry on behalf of the relevant member of the Group.

Appears in 1 contract

Sources: Management Agreement (Safe Bulkers, Inc.)