OSGM definition
Examples of OSGM in a sentence
OSGM shall provide to any member of the OSG MLP Group such of the non-strategic administrative services set forth in Schedule A to this Agreement (the “Services”), in a commercially reasonable manner, as OSG MLP, may from time to time reasonably request or direct, all such Services to be provided under the supervision of OSG MLP, as represented by OSG MLP General Partner in its capacity as the general partner of OSG MLP.
The execution and delivery by OSGM of this Agreement and the consummation by OSGM of the transactions contemplated hereby have been duly authorized by all necessary corporate action.
In consideration for OSGM providing the Services, OSG MLP shall reimburse OSGM the costs and expenses set forth in Schedule B to this Agreement (the “Costs and Expenses”) in the manner provided in Schedule B to this Agreement.
The Parties agree that if the Underwriters exercise their over-allotment option with respect to the Offering, OSG MLP shall redeem first from One Percent, second from OSGM and third from Bulk Ships until an aggregate number of Common Units has been redeemed equal to the number of Common Units issued upon the exercise of the over-allotment option, at a price per common unit equal to the price per Common Unit before expenses, but after underwriting discounts, commissions and structuring fees.
OSGM shall not assign this Agreement to any Person that is not a subsidiary or Affiliate of OSGM except upon written consent of OSG MLP.
OSGM has full power and authority to execute this Agreement and to consummate the transactions contemplated hereby.
At the end of such period, such representations and warranties will terminate, and no claim may be brought by OSG MLP against Bulk Ships or OSGM thereafter based upon such representations and warranties.
OSGM has good and valid title to the ATC Interest, free and clear of all mortgages, liens, security interests, covenants, options, claims, restrictions, or encumbrances of any kind.
OSGM and its employees may provide services of a nature similar to the Services to any other Person.
OSGM shall be obligated to keep confidential, both during and after the term of this Agreement, all information it has acquired or developed in the course of providing Services under this Agreement.