Common use of General Administration Clause in Contracts

General Administration. (a) The Managers shall keep the Owners and, if appropriate, the Company informed in a timely manner of any incident of which the Managers become aware which gives or may give rise to delay to the Vessel or claims or disputes involving third parties.

Appears in 13 contracts

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

AutoNDA by SimpleDocs

General Administration. (a) The Managers shall keep the Owners and, if appropriate, the Company informed in a timely manner of any incident of which the Managers become aware which gives or may give rise to a material delay to the Vessel or material claims or disputes involving third parties. Without derogating from the foregoing, the Managers shall present the Owners with a report at least every six (6) months identifying all claims arising in or outstanding in such period, settlement and resolution status, and actions taken with respect thereto.

Appears in 4 contracts

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

General Administration. (a) The Managers shall keep the Owners and, if appropriate, the Company informed in a timely manner of any incident of which the Managers become aware which gives or may give rise to a material delay to the Vessel or material claims or disputes involving third parties.

Appears in 2 contracts

Samples: Global Ship Lease, Inc., Global Ship Lease, Inc.

General Administration. (a) The Managers shall keep the Owners and, if appropriate, the Company informed Companyinformed in a timely manner of any incident of which the Managers become aware which gives or may give rise to delay to the Vessel or claims or disputes involving third partiesparties .

Appears in 2 contracts

Samples: Okeanis Eco Tankers Corp., Okeanis Eco Tankers Corp.

AutoNDA by SimpleDocs

General Administration. (a) The Managers shall keep the Owners and, if appropriate, the Company informed in a timely manner of any incident of which the Managers become aware which gives or may give rise to material delay to the Vessel or material claims or disputes involving third parties.

Appears in 1 contract

Samples: Poseidon Containers Holdings Corp.

General Administration. (a) The Managers shall keep the Owners and, if appropriate, the Company informed in a timely manner of any incident of which the Managers become aware which gives or may give rise to delay to the Vessel or claims or disputes involving third partiesparties and which individually are reasonably estimated to be in excess of US$15,000.

Appears in 1 contract

Samples: Master Agreement (Scorpio Tankers Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.