Common use of Commercial Services Clause in Contracts

Commercial Services. The Manager shall provide certain commercial services to the Group, which includes, but is not limited to, the following functions: (a) performing class records review and physical inspections and, at the request of the Owner, making recommendations to the Owner with respect to any additional vessel being considered for purchase by the Owner; (b) at the request and under the direction of the Owner, certain administrative services in connection with the purchase or sale of a Vessel by the Owner or any member of the Group; (c) at the request of the Owner, certain services in connection with the Owner or any Subsidiary taking physical delivery of a Vessel; and (d) at the request of the Owner, performing any other functions necessary to assist the Owner with any Vessel sale or purchase or Newbuilding.

Appears in 4 contracts

Sources: Management Agreement (Danaos Corp), Management Agreement (Danaos Corp), Management Agreement (Danaos Corp)

Commercial Services. 7.1 The Manager shall provide certain commercial services to the Group, which includes, but is not limited to, the following functions: (a) performing class records review and physical inspections and, at the request of the Owner, making recommendations to the Owner with respect to any additional vessel being considered for purchase by the Owner; (b) at the request and under the direction of the Owner, certain administrative services in connection with the purchase or sale of a Vessel by the Owner or any member of the Group; (c) at the request of the Owner, certain services in connection with the Owner or any Subsidiary taking physical delivery of a Vessel; and (d) at the request of the Owner, performing any other functions necessary to assist the Owner with any Vessel sale or purchase or Newbuilding.

Appears in 3 contracts

Sources: Management Agreement (Danaos Corp), Management Agreement (Danaos Corp), Management Agreement (Danaos Corp)