Manager’s Confirmation definition
Manager’s Confirmation means a written confirmation from an Approved Manager of the Vessels (which is not a company controlled by either TGP or Teekay Corporation) that throughout the Facility Period and unless otherwise agreed by the Agent, they will remain the commercial and/or technical managers of the Vessels and that they will not, without the prior written consent of the Agent, sub-contract or delegate the commercial and/or technical management of the Vessels to any third party.
Manager’s Confirmation means a written confirmation (in form and substance acceptable to the Majority Lenders) from an Approved Manager of the Vessel (which is not an Affiliate of Teekay or TGP) that throughout the Facility Period it will not, without the prior written consent of the Agent, sub-contract or delegate the commercial and/or technical management of the Vessel to any third party that is not Teekay or the Bareboat Charterer or an Affiliate of Teekay or the Bareboat Charterer.
Manager’s Confirmation means the deed of confirmation executed or to be executed by the Manager in relation to the Manager's Undertaking in such form as the Bank may approve or require;