Examples of Technical Management Agreement in a sentence
Termination Agreement of the Crude Carriers Commercial and Technical Management 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.
Citibank entered into a Technical Management Agreement under which it agreed to manage the new bank.This agreement provided that Citibank would second staff to the new bank and provide technical support, and that it would not receive compensation for these services other than as a shareholder (except for reimbursement of actual expenses).
The Time Charter, Technical Management Agreement, Commercial Management Agreement, Sub-COA, and COA 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, renewed, 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).