Shipping Management Sample Clauses

Shipping Management. Each of the Borrowers shall at all times cause all vessels owned by the Borrowers and their Subsidiaries to be managed by one or more of the following shipping management companies (or another shipping management company reasonably acceptable to the Administrative Agent):
Sample 1
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Shipping Management. At all times cause not less than 66 2/3% of the Consolidated Net Tangible Assets to be managed by OSG, any Subsidiary, the Shipping Manager, any subsidiary of the Shipping Manager, one or more other shipping management companies reasonably acceptable to the Majority Banks or any combination of the foregoing. (n) Agent for Service of Process. OSG shall cause OSG International to maintain at all times OSG Ship Management, Inc. or another agent acceptable to the Majority Banks as its agent for service of process in the State of New York and shall cause any other such agent to execute and deliver to OSG and the Facility Agent a letter accepting such agency, prior to or concurrently with such other agent's acceptance of its appointment as agent for service of process for OSG International. (o) Consolidated Tangible Net Worth. At all times maintain Consolidated Tangible Net Worth at an amount not less than $575,000,000, plus 50% of cumulative Consolidated Net Income (to the extent positive) for each fiscal quarter from and after June 30, 2000. (p) Cash Adjusted Debt Service Coverage Ratio. At all times maintain a Cash Adjusted Debt Service Coverage Ratio measured as of the end of each fiscal quarter for the period of four consecutive fiscal quarters ended on that date (taken as a single accounting period) of not less than 1.75 to 1. (q)
Sample 1
Shipping Management. At all times cause not less than 66 2/3% of the Consolidated Net Tangible Assets to be managed by one or more of the shipping management companies listed on Schedule IV hereto or a shipping management company acceptable to the Majority Lenders, and Book Value. At all times use valuation procedures to determine Book Value which are consistent with GAAP consistently applied.
Sample 1
Shipping Management. At all times cause not less than 66 2/3% of the Consolidated Net Tangible Assets to be managed by OSG, any Subsidiary of OSG, the Shipping Manager, any subsidiary of the Shipping Manager, one or more other shipping management companies reasonably acceptable to the Majority Banks or any combination of the foregoing;
Sample 1

Related to Shipping Management

  • General Management In the discharge of its general duty to manage the successful performance of the Services, Vendor shall:

  • Network Management 60.1 CLEC and CenturyLink will exchange appropriate information (e.g., network information, maintenance contact numbers, escalation procedures, and information required to comply with requirements of law enforcement and national security agencies) for network management purposes. In addition, the Parties will apply sound network management principles to alleviate or to prevent traffic congestion and to minimize fraud associated with third number billed calls, calling card calls, and other services related to this Agreement.

  • Transportation Management Tenant shall fully comply with all present or future programs intended to manage parking, transportation or traffic in and around the Building, and in connection therewith, Tenant shall take responsible action for the transportation planning and management of all employees located at the Premises by working directly with Landlord, any governmental transportation management organization or any other transportation-related committees or entities.

  • Traffic Management The Customer will not utilize the Services in a manner which, in the view of the Centre Operator, significantly distorts traffic balance on the Centre Operator’s circuits which are shared with other users. If, in the reasonable view of the Centre Operator, the Customer’s traffic patterns cause or may cause such distortion, the Customer should have a dedicated circuit capability. If the Customer declines to do so then the Centre Operator may suspend the Services while the matter is being resolved. If there is no resolution within 5 business days then either party may terminate the Agreement.

  • Management Company 14 Maturity....................................................................14

  • Investment Management If and to the extent requested by the Advisor, the Sub-Advisor shall, subject to the supervision of the Advisor, manage all or a portion of the investments of the Portfolio in accordance with the investment objective, policies and limitations provided in the Portfolio's Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 (the "1940 Act") and rules thereunder, as amended from time to time, and such other limitations as the Trust or Advisor may impose with respect to the Portfolio by notice to the Sub-Advisor. With respect to the portion of the investments of the Portfolio under its management, the Sub-Advisor is authorized to make investment decisions on behalf of the Portfolio with regard to any stock, bond, other security or investment instrument, and to place orders for the purchase and sale of such securities through such broker-dealers as the Sub-Advisor may select. The Sub-Advisor may also be authorized, but only to the extent such duties are delegated in writing by the Advisor, to provide additional investment management services to the Portfolio, including but not limited to services such as managing foreign currency investments, purchasing and selling or writing futures and options contracts, borrowing money or lending securities on behalf of the Portfolio. All investment management and any other activities of the Sub-Advisor shall at all times be subject to the control and direction of the Advisor and the Trust's Board of Trustees.

  • Asset Management Supplier will: i) maintain an asset inventory of all media and equipment where Accenture Data is stored. Access to such media and equipment will be restricted to authorized Personnel; ii) classify Accenture Data so that it is properly identified and access to it is appropriately restricted; iii) maintain an acceptable use policy with restrictions on printing Accenture Data and procedures for appropriately disposing of printed materials that contain Accenture Data when such data is no longer needed under the Agreement; iv) maintain an appropriate approval process whereby Supplier’s approval is required prior to its Personnel storing Accenture Data on portable devices, remotely accessing Accenture Data, or processing such data outside of Supplier facilities. If remote access is approved, Personnel will use multi-factor authentication, which may include the use of smart cards with certificates, One Time Password (OTP) tokens, and biometrics.

  • Quality Management Grantee will:

  • Logistics The Licensee shall be responsible for:

  • Virus Management Transfer Agent shall maintain a malware protection program designed to deter malware infections, detect the presence of malware within the Transfer Agent environment.

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