Technical Management Agreement definition

Technical Management Agreement means the agreement entered into between a Borrower and the Approved Technical Manager regarding the technical management of a Ship.
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Technical Management Agreement means the Ship Management Agreement for the Vessel between Borrower and Seamar Management S.A. dated July 5, 2013.
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Technical Management Agreement means, in relation to the Vessel:
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Examples of Technical Management Agreement in a sentence

  • This Agreement is the Technical Management Agreement referred to in the Management and Services Agreement of even date herewith between DSS (the parent/sole owner of the Owners) and the Managers (as same may be amended from time to time the “Management and Services Agreement”) Any terms used as defined terms herein but not otherwise defined herein shall have the meanings ascribed thereto in the Management and Services Agreement.

  • Notwithstanding anything to the contrary in the preceding sentence, unless this Agreement shall have been earlier terminated in accordance with its terms or CSM shall be in material breach of a Technical Management Agreement, CSM shall be entitled to provide Technical Management Services for no fewer than 20 Vessels and DSS shall take all necessary action in a prompt manner to ensure that CSM manages no fewer than 20 Vessels.

  • Any third party Technical Manager shall be an entity recognized generally as a first class technical manager, and the terms of any Technical Management Agreement shall be on standard market terms.

  • The Time Charter, Sub-Time Charter, Cargill Charter, Technical Management Agreement, and Commercial Management Agreement are in full force and effect, to the knowledge of the Credit Parties no parties thereto are in default thereunder, and no such contracts have been assigned, assumed, amended, supplemented, renewed, restated, replaced, or otherwise modified.

  • The Borrower shall not agree to any change to the terms of appointment of an Approved Technical Manager or the Technical Management Agreement without the prior written approval of the Agent (acting on the instructions of the Majority Lenders).


More Definitions of Technical Management Agreement

Technical Management Agreement means the Baltic and International Maritime Council (BIMCO) Standard Ship Management Agreement dated as of February 28, 1997, between Holdings, on behalf of the Owners, and GEBAB to be assigned by Holdings to the Manager, on behalf of the Owners, on or before the Issue Date.
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Technical Management Agreement means any agreement entered into between the Bareboat Charterer and the Technical Manager for the technical management of the Vessel.
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Technical Management Agreement means, in relation to a Ship or, as the case may be the Collateral Ship the agreement entered into between a Borrower or Collateral Guarantor which is the owner of that Ship or, as the case may be the Collateral Ship, and the Approved Technical Manager regarding the technical management of that Ship or, as the case may be the Collateral Ship.
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Technical Management Agreement means the technical management agreement between the Borrower and the Approved Technical Manager substantially in the form set out in Schedule 7 (Form of Technical Management Agreement).
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Technical Management Agreement means the agreement entered into between an Obligor and the Approved Technical Manager regarding the technical management of a Ship. "Term Commitment" means a Transition Commitment or a Newbuild Commitment. "Term Facilities" means the Transition Facility and the Newbuild Facility. "Term SOFR" means the term SOFR reference rate administered by CME Group Benchmark Administration Limited (or any other person which takes over the administration of that rate) for the relevant period published (before any correction, recalculation or republication by the administrator) by CME Group Benchmark Administration Limited (or any other person which takes over the publication of that rate). "Termination Date" means in relation to: (a) the Revolving Facility and the Newbuild Facility, the date falling on the fifth anniversary of the date of this Agreement; and 30 EUROPE/75885978v8
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Technical Management Agreement the agreement pursuant to which the Technical Manager will manage the operation of the Vessel. “Technical Manager” means Golar Management Norway AS.
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Technical Management Agreement means each technical management agreement of a Ship entered into with an Approved Technical Manager.
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