Owners’ default. (i) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners of any associated vessel, details of which are listed in Annex “D”, shall not have been received in the Managers’ nominated account within ten running days of receipt by the Owners of the Managers written request or if the Vessel is repossessed by the Mortgagees.
Appears in 19 contracts
Samples: Management Agreement, Management Agreement (Gener8 Maritime, Inc.), Management Agreement (Hoegh LNG Partners LP)
Owners’ default. (i) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners of any associated vessel, details of which are listed in Annex “D”, shall not have been received in the Managers’ nominated account within ten running days of receipt by the Owners of the Managers Managers’ written request or if the Vessel is repossessed by the Mortgagees.
Appears in 12 contracts
Samples: Agreement, Management Agreement (Double Hull Tankers, Inc.), Ship Management Agreement (OSG America L.P.)
Owners’ default. (i) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners of any associated vessel, details of which are listed in Annex “D”, shall not have been received in the Managers’ nominated account within ten running days of receipt by the Owners of the Managers Manager’s written request or if the Vessel is repossessed by the Mortgagees.
Appears in 6 contracts
Samples: Ship Management Agreement (KNOT Offshore Partners LP), Ship Management Agreement (KNOT Offshore Partners LP), Ship Management Agreement (KNOT Offshore Partners LP)
Owners’ default. (i) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners of any associated vessel, details of which are listed in Annex “D”, shall not have been received in the Managers’ nominated account within ten running Business days of receipt by the Owners of the Managers written request or if the Vessel is repossessed by the Mortgagees.
Appears in 4 contracts
Samples: Management Agreement (Dynagas LNG Partners LP), Management Agreement (Dynagas LNG Partners LP), Management Agreement (Dynagas LNG Partners LP)
Owners’ default. (i) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners of any associated vessel, details of which are listed in Annex “D”, shall not have been received in the Managers’ nominated account within ten running days of receipt by the Owners of the Managers written request or if the Vessel is repossessed by the Mortgagees.
Appears in 4 contracts
Samples: Management Agreement (Arlington Tankers Ltd.), Management Agreement (Arlington Tankers Ltd.), Agreement (Arlington Tankers Ltd.)
Owners’ default. (i) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners of any associated vessel, details of which are listed in Annex “D”, shall not have been received in the Managers’ nominated account within ten running days of receipt by the Owners of the Managers written request or if the Vessel is repossessed by the MortgageesMortgagees or if the Owners fail to comply to the reasonable satisfaction of the Managers with the requirements of clause 6.
Appears in 3 contracts
Samples: Management Agreement (Dorian LPG Ltd.), Supplemental Agreement (Dorian LPG Ltd.), Supplemental Agreement (Dorian LPG Ltd.)
Owners’ default. (i) i. The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners of any associated vessel, details of which are listed in Annex “"D”", shall not have been received in the Managers’ ' nominated account within ten running days of receipt by the Owners of the Managers written request or if the Vessel is repossessed by the Mortgagees.
Appears in 2 contracts
Samples: Castor Maritime Inc., Castor Maritime Inc.
Owners’ default. (i) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners Owners of any associated vessel, details of which are listed in Annex “"D”", shall not have been received in the Managers’ ' nominated account within ten running days of receipt by the Owners of the Managers written request or if the Vessel is repossessed by the Mortgagees.
Appears in 2 contracts
Samples: DryShips Inc., DryShips Inc.
Owners’ default. (i) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners of any associated vessel, details of which are listed in Annex “D”, shall not have been received in the Managers’ nominated account within ten running days Business dDays of receipt by the Owners of the Managers written request or if the Vessel is repossessed by the Mortgagees.
Appears in 1 contract
Samples: Restrictive Covenant Agreement (Safe Bulkers, Inc.)
Owners’ default. (i) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners of any associated vessel, details of which are listed in Annex “Appendix "D”", shall not have been received in the Managers’ ' nominated account within ten running Business days of receipt by the Owners of the Managers written request or if the Vessel is repossessed by the Mortgagees.
Appears in 1 contract
Owners’ default. (i) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners of any associated vessel, details of which are listed in Annex “D”, shall not have been received in the Managers’ nominated account within ten running days Business Days of receipt by the Owners of the Managers written request or if the Vessel is repossessed by the Mortgagees.
Appears in 1 contract
Samples: Restrictive Covenant Agreement (Safe Bulkers, Inc.)
Owners’ default. (i) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners of any associated vessel, details of which are listed in Annex “D”, shall not have been received in the Managers’ nominated account within ten running days of receipt by the Owners of the Managers written request or if the Vessel is repossessed by the MortgageesMortgagees or if the Owners fall to comply to the reasonable satisfaction of the Managers with the requirements of clause 6.
Appears in 1 contract
Owners’ default. (i) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners Owners of any associated vessel, details of which are listed in Annex “D”, shall not have been received in the Managers’ nominated account within ten (10) running business days of receipt by the Owners of the Managers written request or if the Vessel is repossessed by the Mortgagees.
Appears in 1 contract
Owners’ default. (i) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners of any associated vessel, details of which are listed in Annex “D”, shall "D",shall not have been received in the Managers’ ' nominated account within ten running Business days of receipt by the Owners of the Managers written request or if the Vessel is repossessed by the Mortgagees.
Appears in 1 contract
Owners’ default. (i) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners of any associated vessel, details of which are listed in Annex “D”, shall not have been received in the Managers’ ' nominated account within ten running days of receipt by the Owners of the Managers written request or if the Vessel is repossessed by the Mortgagees.
Appears in 1 contract
Samples: Part Ii
Owners’ default. (i) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners Owners of any associated vessel, details of which are listed in Annex “"D”", shall not have been received in the Managers’ ' nominated account within ten (10) running days of receipt by the Owners of the Managers written request or if the Vessel is repossessed by the Mortgagees.
Appears in 1 contract
Samples: DryShips Inc.
Owners’ default. (iI) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners of any associated vessel, details of which are listed in Annex “D”, shall not have been received in the Managers’ nominated account within ten running days of receipt by the Owners of the Managers written request or if the Vessel is repossessed by the Mortgagees.
Appears in 1 contract
Samples: Omega Navigation Enterprises, Inc.
Owners’ default. (i) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners of any associated vessel, details of which are listed in Annex “D”, . shall not have been received in the Managers’ nominated account within ten running days of receipt by the Owners of the Managers written request or if the Vessel is repossessed by the Mortgagees.
Appears in 1 contract
Samples: Scorpio Tankers Inc.
Owners’ default. (i) The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this Agreement and/or the owners of any associated vessel, details of which are listed in Annex “D”, shall not have been received in the Managers’ Managers nominated account within ten running days of receipt by the Owners of the Managers written request or if the Vessel is repossessed by the Mortgagees.
Appears in 1 contract
Samples: Scorpio Tankers Inc.
