Management Agreement Assignment definition

Management Agreement Assignment means the valid and effective first legal assignment of the Management Agreement (together with the notice thereof and the acknowledgement), to be executed by the Borrower in favour of the Trustee, such assignment, notice and acknowledgement to be in the form and on the terms and conditions required by the Agent and the Hermes Agent;

Management Agreement Assignment means each assignment of a Management Agreement granted or to be granted in favor of the Security Trustee by a Vessel Owner with any and all notices and acknowledgements entered into in connection therewith, one to be entered into between the Manager and the relevant Vessel Owner.

Management Agreement Assignment means, in relation to each Management Agreement, the assignment of the rights and interests of the Borrower and the relevant Owner under that Management Agreement in such form as the Lenders may approve or require and, in the plural, means all of them;

Examples of Management Agreement Assignment in a sentence

• Lender further consents to (A) the execution and delivery of the TRS Lease (provided that such lease shall at all times be subject and subordinate to the liens and encumbrances securing the Obligations) and (B) the execution and delivery of the Management Agreement (subject to the terms and conditions of the Management Agreement Assignment).

• Upon the terms and subject to the satisfaction or waiver of the conditions set forth in this Agreement, Sirius LLC will assign to New Sirius, and New Sirius will assume from Sirius LLC, all of Sirius LLC’s right, title, and interest in and obligations with respect to the Sirius Management Agreement at the Sirius Management Agreement Assignment Effective Time.

• Each of the Owner and the Security Trustee (as parties to the Management Agreement Assignment) agree and acknowledge that the reference to "the Sponsor" in clause 3.1 of the Management Agreement Assignment shall be deleted and replaced with "the Manager".

• A manager of the Ship shall not be appointed unless that manager and the terms of its appointment are approved (such approval not to be unreasonably withheld or delayed) by the Lenders and it has delivered a duly executed Manager's Undertaking and the relevant Owner has delivered a duly executed Management Agreement Assignment to the Security Agent.

• Stock; (3) the Standby Management Agreement Assignment, in the applicable form attached hereto as Exhibit A, assigning to Agent, as agent for each Lender, all of Borrower's right, title and interest in the Standby Management Agreement Assignment; and (4) the Standby Servicing Agreement Assignment, in the applicable form attached hereto as Exhibit A, assigning to Agent, as agent for each Lender, all of Borrower's right, title and interest in the Standby Servicing Agreement.

More Definitions of Management Agreement Assignment

Management Agreement Assignment means, in relation to a Ship, an assignment of any Approved Management Agreement, in the form set out in Appendix L;

Management Agreement Assignment means the assignment of the Management Agreement in the form attached at Appendix 10 (Form of Management Agreement Assignment) and to be entered into on or prior to the Utilisation Date for the Instalment Loan 1, granted by the Owner in favour of the Security Trustee together with any and all notices and acknowledgments entered into in connection therewith.

Management Agreement Assignment means the assignment of the Management Agreement entered into by the Owner in favour of the Security Trustee together with any and all notices and acknowledgments entered into in connection therewith and dated 17 September 2008.

Management Agreement Assignment means the valid and effective first legal assignment of the Management Agreement (together with the notice thereof and the acknowledgement), to be executed by the Borrower in favour of the Trustee, such assignment, notice and acknowledgement to be in the form and on the terms and conditions required by the Agent and the Hermes Agent and agreed on the signing hereof and as specified in paragraph 49 of Schedule 4;

Management Agreement Assignment means that certain Assignment, Consent and Subordination Regarding Management Agreement, dated February 14, 2011, among Manager, TRS Lessee and Lender, as the same may be amended from time to time.

Management Agreement Assignment means, in relation to a Ship, a first assignment by the relevant Owner or Bareboat Charterer in favour of the Security Agent of any management agreement made between the relevant Owner or Bareboat Charterer and a manager in the agreed form. Manager's Undertaking means, in relation to a Ship, an undertaking by any manager of the Ship to the Security Agent in the agreed form pursuant to clause 22.3 (Manager) or 26.12 (Bareboat Charterer’s Manager).

Management Agreement Assignment means the first priority assignment of the Management Agreement dated 25 July 2013 and executed by the Borrower in favour of the Security Trustee as amended and supplemented by the Amending Agreements;