Common use of Direction to Pay Clause in Contracts

Direction to Pay. By written notice to the Company, the Manager may direct the Company to pay any amounts owing under this Agreement directly to an Affiliate of the Manager pursuant to a subcontracting arrangement relating to this Agreement.

Appears in 8 contracts

Samples: Management Agreement (Teekay Tankers Ltd.), Administrative Services Agreement (Diana Containerships Inc.), Noncompetition Agreement (Teekay Tankers Ltd.)

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Direction to Pay. By written notice to the Company, the Manager Administrator may direct the Company to pay any amounts owing under this Agreement directly to an Affiliate of the Manager Administrator pursuant to a subcontracting arrangement relating to this Agreement.

Appears in 4 contracts

Samples: Administrative Services Agreement, Administrative Services Agreement (Scorpio Bulkers Inc.), Administrative Services Agreement (Scorpio Tankers Inc.)

Direction to Pay. By written notice to the Company, the Manager may direct the Company to pay any cash amounts owing under this Agreement directly to an any Affiliate of the Manager pursuant who is entitled to receive such amounts in exchange for performing services under this Agreement (a subcontracting arrangement relating “Designated Affiliate”) and the payment of such amount shall satisfy the Company’s obligation with respect to such amount under this Agreement.

Appears in 3 contracts

Samples: Transaction Services Agreement (Seaspan CORP), Financial Services Agreement (Seaspan CORP), Transaction Services Agreement (Seaspan CORP)

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Direction to Pay. By written notice to the Company, the Manager may direct the Company to pay any amounts owing under this Agreement directly to an Affiliate of the Manager Manager, pursuant to a subcontracting arrangement relating to subcontract of any provisions of this Agreement, directly to such Affiliate.

Appears in 2 contracts

Samples: Management Agreement (Energy Infrastructure Merger CORP), Management Agreement (Energy Infrastructure Merger CORP)

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