{"component": "definition", "props": {"groups": [{"snippet": "means, Roymar Ship Management Inc., a company incorporated under the laws of New York and having a place of business at \u2587\u2587\u2587 \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587 \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587 or such other company as the Issuer may from time to time approve as manager of the Ships;", "samples": [{"hash": "k36jF9RtHtT", "uri": "/contracts/k36jF9RtHtT#approved-managers", "label": "Guarantee Facility Agreement (TBS International PLC)", "score": 21.3559207916, "published": true}, {"hash": "6J8IIzL8vB1", "uri": "/contracts/6J8IIzL8vB1#approved-managers", "label": "Guarantee Facility Agreement (TBS International LTD)", "score": 21.0, "published": true}, {"hash": "lHoG2IHaJbK", "uri": "/contracts/lHoG2IHaJbK#approved-managers", "label": "Guarantee Facility Agreement (TBS International LTD)", "score": 19.0, "published": true}], "snippet_links": [{"key": "ship-management", "type": "clause", "offset": [14, 29]}, {"key": "laws-of-new-york", "type": "definition", "offset": [69, 85]}, {"key": "having-a", "type": "definition", "offset": [90, 98]}, {"key": "place-of-business", "type": "definition", "offset": [99, 116]}, {"key": "other-company", "type": "definition", "offset": [186, 199]}, {"key": "the-issuer", "type": "definition", "offset": [203, 213]}, {"key": "from-time-to-time", "type": "clause", "offset": [218, 235]}, {"key": "the-ships", "type": "clause", "offset": [258, 267]}], "size": 6, "hash": "a4f45e6ac950e6e230ac87b11486ed6e", "id": 1}, {"snippet": "means the Approved Commercial Managers, the Approved Crew Managers and the Approved Technical Managers.", "samples": [{"hash": "2kbRmwWE2B", "uri": "/contracts/2kbRmwWE2B#approved-managers", "label": "Loan Agreement (Seanergy Maritime Holdings Corp.)", "score": 32.2429847717, "published": true}, {"hash": "16OmmO5sr0R", "uri": "/contracts/16OmmO5sr0R#approved-managers", "label": "Loan Agreement (Seanergy Maritime Holdings Corp.)", "score": 32.2429847717, "published": true}], "snippet_links": [{"key": "commercial-managers", "type": "definition", "offset": [19, 38]}, {"key": "crew-managers", "type": "definition", "offset": [53, 66]}, {"key": "approved-technical-managers", "type": "definition", "offset": [75, 102]}], "size": 6, "hash": "b244bd18d334febd8eacfcd442d66617", "id": 2}, {"snippet": "means, collectively, the Approved Commercial Manager and the Approved Technical manager and \u201cApproved Manager\u201d shall mean any one of the them as the context may require;", "samples": [{"hash": "lLBZRJKe3w3", "uri": "/contracts/lLBZRJKe3w3#approved-managers", "label": "Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)", "score": 27.2600955963, "published": true}], "snippet_links": [{"key": "approved-commercial-manager", "type": "definition", "offset": [25, 52]}, {"key": "approved-technical-manager", "type": "definition", "offset": [61, 87]}, {"key": "approved-manager", "type": "definition", "offset": [93, 109]}, {"key": "the-context", "type": "clause", "offset": [145, 156]}], "size": 5, "hash": "8d4dce78f6b04bcb07029d13aa68c0c2", "id": 3}, {"snippet": "means (i) the Commercial Manager and (ii) the Technical Manager.", "samples": [{"hash": "aJW3LSGKi4c", "uri": "/contracts/aJW3LSGKi4c#approved-managers", "label": "Secured Term Loan Facility Agreement (Teekay Tankers Ltd.)", "score": 27.3189601898, "published": true}, {"hash": "6HZnq5fNIw0", "uri": "/contracts/6HZnq5fNIw0#approved-managers", "label": "Secured Term Loan Facility Agreement", "score": 26.4236831665, "published": true}, {"hash": "grjZuTMZC5O", "uri": "/contracts/grjZuTMZC5O#approved-managers", "label": "Secured Term Loan Facility Agreement (Teekay LNG Partners L.P.)", "score": 26.3963031769, "published": true}], "snippet_links": [{"key": "commercial-manager", "type": "definition", "offset": [14, 32]}, {"key": "technical-manager", "type": "definition", "offset": [46, 63]}], "size": 4, "hash": "ac0abb846e7c5dc7be89e4400eab355f", "id": 4}, {"snippet": "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.", "samples": [{"hash": "hBCECvQOd0l", "uri": "/contracts/hBCECvQOd0l#approved-managers", "label": "Credit and Guaranty Agreement (CareTrust REIT, Inc.)", "score": 27.0917186737, "published": true}, {"hash": "k4lwkS3rF0T", "uri": "/contracts/k4lwkS3rF0T#approved-managers", "label": "Credit and Guaranty Agreement (CareTrust REIT, Inc.)", "score": 26.5934295654, "published": true}, {"hash": "9Wd7SJW9N97", "uri": "https://investor.caretrustreit.com/static-files/1216e2a9-a1a5-4af0-b976-454d4098206d", "label": "investor.caretrustreit.com", "score": 8.3976726532, "published": false}], "snippet_links": [{"key": "property-managers", "type": "clause", "offset": [21, 38]}, {"key": "by-the-borrower", "type": "clause", "offset": [48, 63]}, {"key": "the-administrative-agent-and-the-lenders", "type": "clause", "offset": [88, 128]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [129, 151]}, {"key": "other-property", "type": "definition", "offset": [163, 177]}, {"key": "similar-to", "type": "definition", "offset": [296, 306]}, {"key": "applicable-borrowing-base", "type": "definition", "offset": [311, 336]}, {"key": "real-property-assets", "type": "definition", "offset": [387, 407]}, {"key": "borrowing-base-assets", "type": "clause", "offset": [421, 442]}, {"key": "pursuant-to-a", "type": "definition", "offset": [443, 456]}, {"key": "agreement-between", "type": "clause", "offset": [468, 485]}, {"key": "applicable-loan-party", "type": "definition", "offset": [526, 547]}, {"key": "ground-leases", "type": "definition", "offset": [562, 575]}], "size": 3, "hash": "50d1cb89ac98102cdafb3825a82e2b62", "id": 5}, {"snippet": "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).", "samples": [{"hash": "5M1TZwpg3nO", "uri": "/contracts/5M1TZwpg3nO#approved-managers", "label": "Senior Secured Revolving Credit Facility Agreement", "score": 26.5961666107, "published": true}, {"hash": "k3Z4zVbYtt2", "uri": "/contracts/k3Z4zVbYtt2#approved-managers", "label": "Senior Secured Revolving Credit Facility Agreement (Teekay Offshore Partners L.P.)", "score": 26.2484607697, "published": true}], "snippet_links": [{"key": "member-of-the-group", "type": "definition", "offset": [10, 29]}, {"key": "teekay-group", "type": "definition", "offset": [37, 49]}, {"key": "technical-managers", "type": "definition", "offset": [83, 101]}, {"key": "collateral-vessels", "type": "definition", "offset": [109, 127]}, {"key": "by-the-borrower", "type": "clause", "offset": [138, 153]}, {"key": "the-agent-may", "type": "clause", "offset": [157, 170]}, {"key": "the-majority-lenders", "type": "clause", "offset": [210, 230]}], "size": 2, "hash": "7fb321f6e19fc9fd96a18d41044ea4d4", "id": 6}, {"snippet": "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;", "samples": [{"hash": "eCpKtFCaPLw", "uri": "/contracts/eCpKtFCaPLw#approved-managers", "label": "Loan Agreement (TBS International LTD)", "score": 21.0, "published": true}, {"hash": "aXcvaOfkbUj", "uri": "/contracts/aXcvaOfkbUj#approved-managers", "label": "Loan Agreement (TBS International LTD)", "score": 21.0, "published": true}], "snippet_links": [{"key": "ship-management", "type": "clause", "offset": [13, 28]}, {"key": "technical-manager", "type": "definition", "offset": [39, 56]}, {"key": "shipping-services", "type": "definition", "offset": [66, 83]}, {"key": "commercial-manager", "type": "definition", "offset": [94, 112]}, {"key": "from-time-to-time", "type": "clause", "offset": [158, 175]}, {"key": "in-writing", "type": "definition", "offset": [176, 186]}, {"key": "the-facility-agent", "type": "definition", "offset": [190, 208]}], "size": 2, "hash": "a7a103882478c39759ff8e9e4955283a", "id": 7}, {"snippet": "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;", "samples": [{"hash": "7IiItQpRA6I", "uri": "/contracts/7IiItQpRA6I#approved-managers", "label": "Bareboat Charter (NewLead Holdings Ltd.)", "score": 20.4948673248, "published": true}], "snippet_links": [{"key": "other-persons", "type": "definition", "offset": [35, 48]}, {"key": "from-time-to-time", "type": "clause", "offset": [56, 73]}, {"key": "by-the-owner", "type": "clause", "offset": [114, 126]}, {"key": "in-writing", "type": "definition", "offset": [127, 137]}, {"key": "management-of-the-vessel", "type": "clause", "offset": [155, 179]}], "size": 1, "hash": "6521a8c70d321ea8441616527835dea4", "id": 8}, {"snippet": "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.", "samples": [{"hash": "4pkaSDSWJYC", "uri": "/contracts/4pkaSDSWJYC#approved-managers", "label": "Secured Revolving Credit Facility Agreement (Teekay Corp)", "score": 32.3579750061, "published": true}], "snippet_links": [{"key": "commercial-manager", "type": "definition", "offset": [14, 32]}, {"key": "technical-manager", "type": "definition", "offset": [46, 63]}, {"key": "the-lead-arrangers", "type": "clause", "offset": [96, 114]}, {"key": "article-55-brrd", "type": "definition", "offset": [117, 132]}, {"key": "if-relevant", "type": "clause", "offset": [326, 337]}, {"key": "in-clause", "type": "clause", "offset": [351, 360]}, {"key": "available-credit-lines", "type": "definition", "offset": [538, 560]}, {"key": "revolving-credit", "type": "clause", "offset": [590, 606]}, {"key": "available-to", "type": "definition", "offset": [701, 713]}, {"key": "borrower-group", "type": "definition", "offset": [744, 758]}, {"key": "most-recent", "type": "definition", "offset": [791, 802]}, {"key": "quarterly-management-accounts", "type": "definition", "offset": [803, 832]}, {"key": "available-loan-amount", "type": "definition", "offset": [875, 896]}, {"key": "in-respect-of", "type": "definition", "offset": [905, 918]}, {"key": "collateral-vessel", "type": "definition", "offset": [924, 941]}, {"key": "the-loan", "type": "clause", "offset": [956, 964]}, {"key": "set-out", "type": "definition", "offset": [965, 972]}, {"key": "schedule-7", "type": "definition", "offset": [976, 986]}], "size": 1, "hash": "86c90ae057e94f72607d5acc411666c4", "id": 9}, {"snippet": "means, in relation to each Ship in respect of its commercial and technical management, Ravenscroft Ship Management Inc., Ravenscroft Ship Management Ltd. (Bahamas), Ravenscroft Ship Management Ltd. (UK) or such other manager which the Facility Agent may, with the consent of the Majority Lenders, approve from time to time in writing as the technical or commercial manager of a Ship, such approval not to be unreasonably withheld;", "samples": [{"hash": "fCtfSlBLt8F", "uri": "/contracts/fCtfSlBLt8F#approved-managers", "label": "Loan Agreement (Ultrapetrol Bahamas LTD)", "score": 21.1314163208, "published": true}], "snippet_links": [{"key": "in-relation-to", "type": "clause", "offset": [7, 21]}, {"key": "in-respect-of", "type": "definition", "offset": [32, 45]}, {"key": "commercial-and-technical-management", "type": "clause", "offset": [50, 85]}, {"key": "ship-management", "type": "clause", "offset": [99, 114]}, {"key": "management-ltd", "type": "clause", "offset": [138, 152]}, {"key": "other-manager", "type": "definition", "offset": [211, 224]}, {"key": "the-facility-agent", "type": "definition", "offset": [231, 249]}, {"key": "the-majority-lenders", "type": "clause", "offset": [275, 295]}, {"key": "from-time-to-time", "type": "clause", "offset": [305, 322]}, {"key": "in-writing", "type": "definition", "offset": [323, 333]}, {"key": "the-technical", "type": "clause", "offset": [337, 350]}, {"key": "commercial-manager", "type": "definition", "offset": [354, 372]}], "size": 1, "hash": "0f8025b6799fa938974ff47143131f01", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIaYXBwcm92ZWQtbWFuYWdlcnMjMDAwMDAwMGEMogECZW4YACAA", "definition": {"snippet": "means, Roymar Ship Management Inc., a company incorporated under the laws of New York and having a place of business at \u2587\u2587\u2587 \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587 \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587 or such other company as the Issuer may from time to time approve as manager of the Ships;", "size": 33, "title": "Approved Managers", "id": "approved-managers", "examples": ["All requirements of the ISM Code and the ISPS Code as they relate to the Borrowers, the <strong>Approved Managers</strong> and the Ships have been complied with.", "Each Borrower shall punctually (or shall procure that the <strong>Approved Managers</strong> of its Ship) pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.", "Such Management Agreements and Material Contracts are in full force and effect and no default by any of the Loan Parties or <strong>Approved Managers</strong> exists thereunder.", "Each Obligor&#x27;s (other than the Approved Manager&#x27;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&#x27;s (other than the Approved Manager&#x27;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.", "All requirements of the ISM Code and the ISPS Code as they relate to the Borrowers, the Corporate Guarantor, the <strong>Approved Managers</strong> and the Ships have been complied with.", "Each Borrower will provide the Agent with details of any legal or administrative action involving any Borrower, any Security Party, the <strong>Approved Managers</strong> or the Ships, their Earnings or the Insurances promptly upon becoming aware of the same where such legal or administrative action might, if adversely determined, have a material adverse effect on the ability of that Borrower to perform its obligations under any Finance Document to which it is a party.", "Each Borrower will provide the Agent with details of any legal or administrative action involving that Borrower, any Security Party, the <strong>Approved Managers</strong> or the Ship owned by it, the Earnings or the Insurances in respect of that Ship as soon as such action is instituted or it becomes apparent to that Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.", "All requirements of the ISM Code and the ISPS Code as they relate to the Borrower, the Corporate Guarantors, the <strong>Approved Managers</strong> and the Ships have been complied with.", "If such additional amounts under the Revolving Facility under this Clause 2.1.4 are at the discretion of the Lenders made available to and utilised by the Borrower, it shall be subject to the Creditor Parties, the Security Parties and the <strong>Approved Managers</strong> entering into such amendment documentation to the Finance Documents and additional Finance Documents as the Creditor Parties and the Junior Agent shall require, in form and substance satisfactory to the Creditor Parties and the Junior Agent."], "related": [["approved-manager", "Approved Manager", "Approved Manager"], ["load-management", "Load Management", "Load Management"], ["lead-manager", "Lead Manager", "Lead Manager"], ["approved-managers-undertaking", "Approved Manager\u2019s Undertaking", "Approved Manager\u2019s Undertaking"], ["qualified-manager", "Qualified Manager", "Qualified Manager"]], "related_snippets": [], "updated": "2026-04-18T05:49:41+00:00"}, "json": true, "cursor": ""}}