Commercial Management Agreement definition

Commercial Management Agreement means any agreement made or to be made between the relevant Borrower and the Commercial Manager for the commercial management of a Vessel.
Commercial Management Agreement collectively means the agreements with respect to commercial management made between the Parent and/or its Subsidiaries, on the one hand, and the Commercial Managers, on the other hand, with respect to each of the Vessels (as defined therein).
Commercial Management Agreement means any agreement made or to be made between the relevant Obligor and a Commercial Manager (other than the Obligors) for the commercial management of the Obligor(s) and the Vessels (including, but not limited to, the appointment of the Commercial Manager).

Examples of Commercial Management Agreement in a sentence

  • The Commercial Management Agreement is annexed hereto as Appendix 2.

  • The Company shall pay a management fee to the Manager (“the Management Fee”) in consideration of the services rendered by the Manager under the Commercial Management Agreement and an administration fee to the Manager (“the Administration Fee”).

  • With the exception of the Commercial Management Agreement, this Agreement contains the entire agreement between each of the Members and the Manager with respect to the subject matter hereof.

  • It is expressly understood and agreed that all the Business and Activity of the Manager (including, without limitation, the business, activities and functions described in clause 2.2) shall be conducted by the Manager pursuant to the terms of this Agreement and the terms of the Commercial Management Agreement.

  • This Agreement, the Technical Management Agreements and the Commercial Management Agreement constitute the entire agreement and understanding between the Parties with respect to the subject matter of this Agreement and (in relation to such subject matter) supersedes and replaces all prior understandings and agreements, written or oral, between the parties.


More Definitions of Commercial Management Agreement

Commercial Management Agreement means the agreement made or (as the context may require) to be made between the Charterer and the Commercial Manager in a form previously approved in writing by the Agent providing (inter alia) for the Commercial Manager to commercially manage the Ship;
Commercial Management Agreement means the Commercial Management Agreement for the Vessel between Borrower and Phoenix Bulk Carriers (BVI) Limited dated February 11, 2011.
Commercial Management Agreement means the Commercial Management Agreement for the Vessel between Borrower and Phoenix US dated as of July 12, 2013.
Commercial Management Agreement the agreement dated September 24, 2013 between Tundra Corp and the Commercial Manager in respect of the commercial management of the Vessel.
Commercial Management Agreement means, in relation to the Vessel, the commercial ship management agreement executed or to be executed (as the case may be) between the relevant Approved Commercial Managers and the Charterers.
Commercial Management Agreement means the Master Commercial Marketing and Services Agreement between Holdings and GEBAB dated as of February 28, 1997, to be assigned by Holdings to the Manager on behalf of the Owners on or before the Issue Date.