Approved Managers definition

Approved Managers means, Roymar Ship Management Inc., a company incorporated under the laws of New York and having a place of business at 000 Xxxx Xxxxxx Xxxxxx Xxxx, Xxxxxxx, Xxx Xxxx 00000, XXX or such other company as the Issuer may from time to time approve as manager of the Ships;

Approved Managers means (i) the Commercial Manager and (ii) the Technical Manager.

Approved Managers means the Approved Commercial Managers, the Approved Crew Managers and the Approved Technical Managers.

Examples of Approved Managers in a sentence

• If your firm is managed by two or fewer SRA Approved Managers and/or is not a registered CQS member, you should return these instructions immediately stating this fact.

• All requirements of the ISM Code and the ISPS Code as they relate to the Borrowers, the Approved Managers and the Ships have been complied with.

• The act introduced many changes: including changes to licence types; extended trading hours, "Approved Managers" to replace Nominees.

• Each Obligor's (other than the Approved Manager's) payment obligations under the Transaction Documents rank at least pari passu with the claims of all of its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

• Under the law of each Obligor's (other than the Approved Manager's) Relevant Jurisdiction, it is not necessary that the Transaction Documents be filed, recorded or enrolled with any court or other authority in that jurisdiction or that any stamp, registration or similar Taxes be paid on or in relation to the Transaction Documents or the transactions contemplated by the Transaction Documents.

More Definitions of Approved Managers

Approved Managers means (a) any of the property managers proposed by the Borrower that are preapproved by the Administrative Agent and the Lenders as of the Closing Date or (b) any other property manager reasonably acceptable to the Administrative Agent with experience managing properties which are substantially similar to the applicable Borrowing Base Asset, and which is engaged to manage one or more Real Property Assets constituting Borrowing Base Assets pursuant to a management agreement between such Person or property manager and the applicable Loan Party that owns (or ground leases) such Borrowing Base Asset.

Approved Managers means together the Approved Commercial Manager and the Approved Technical Manager, and “Approved Manager” means either of them as the context requires;

Approved Managers means Roymar Ship Management, Inc., as technical manager, and TBS Shipping Services, Inc., as commercial manager, or such other manager(s) as may be approved from time to time in writing by the Facility Agent, such approval not to be unreasonably withheld, and in the singular means either of them;

Approved Managers means any member of the Group or the Teekay Group, or such other commercial and/or technical managers of the Collateral Vessels nominated by the Borrower as the Agent may approve (acting on the instructions of the Majority Lenders).

Approved Managers means Newlead Bulkers S.A. or such other persons as may from time to time be nominated by Charterers and approved by the Owner in writing to carry out any management of the Vessel whether technical or commercial;

Approved Managers means (i) the Commercial Manager and (ii) the Technical Manager. "Arrangers" means the MLAs and the Lead Arrangers. "Article 55 BRRD" means Article 55 of Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms. "Assignments" means all the forms of assignment (if relevant) referred to in Clause 10.1.2 and "Assignment" means any one of them. "Authorisation" means an authorisation, consent, approval, resolution, licence, exemption, filing, notarisation or registration. "Available Credit Lines" means any undrawn committed revolving credit lines, other than committed revolving credit lines with less than six (6) months to maturity, available to be drawn by any member of the Borrower Group, as reflected in the Borrower's most recent quarterly management accounts forming part of the Borrower's Accounts; "Available Loan Amount" means, in respect of each Collateral Vessel, that part of the Loan set out in Schedule 7 available for drawing in respect of that Collateral Vessel at any one time.

Approved Managers means, in relation to each Ship, the commercial and technical managers, respectively, specified below the name of such Ship in Schedule 3 or any other company or companies which the Lender may, in its sole and absolute discretion, approve from time to time as the commercial and/or technical managers of any Ship (and such approval may be subject to the condition that any technical or commercial managers will execute a manager’s undertaking on terms and conditions acceptable to the Lender);