Managers’ Default. (i) The Owners may terminate this Agreement for Cause (as hereinafter defined), but only after the Owners have provided the Managers with notice of such Cause and such Cause has not been cured within twenty (20) days of such notice; provided, however, that if any Cause is incapable of being cured, then no notice and cure period shall be required.
Appears in 2 contracts
Sources: Ship Management Agreement (Global Ship Lease, Inc.), Ship Management Agreement (Global Ship Lease, Inc.)
Managers’ Default. (i) The Owners may terminate this Agreement for Cause (as hereinafter defined), but and only after the Owners have provided the Managers with notice of such Cause and such Cause has not been cured within twenty (20) days of such notice; provided, however, that if any Cause is incapable of being cured, then no notice and cure period shall be required.. “
Appears in 1 contract
Sources: Ship Management Agreement (Poseidon Containers Holdings Corp.)