Technical Management Agreements definition

Technical Management Agreements means, collectively, all of the technical ship management agreements with respect to the relevant Collateral Vessels and entered into with the relevant Technical Manager, each as in effect on the date hereof and without giving effect to any amendments, restatements, supplements or other modifications thereto and any other technical ship management agreement entered into in substitution of any thereof and meeting the requirements of Section 8.14(b).

Technical Management Agreements means, collectively, all of the technical ship management agreements with respect to the relevant Collateral Vessels and entered into with the relevant Technical Manager, each as in effect on the date hereof and without giving effect to any amendments, restatements, supplements or other modifications thereto and any other technical ship management agreement entered into in substitution of any thereof and meeting the requirements of Section 8.12 .

Technical Management Agreements means the technical management agreements in the Agreed Form to be entered into between the Technical Manager and each of the Owners pursuant to which the Technical Manager shall be appointed to provide technical ship management services to each of the Owners with respect to the Vessel owned by it, as set out in Schedule 7;

Examples of Technical Management Agreements in a sentence

• In the event that the Technical Management Agreements are terminated by the ship-owning subsidiaries other than by reason of default by Pavimar, a termination fee equal to four times the total amount of the daily management fee calculated on an annual basis shall be payable from the ship-owning subsidiaries to Pavimar.

• Should there be any inconsistencies or contradictions between terms of this Agreement and any of the Technical Management Agreements and/or the Commercial Management Agreement, the provisions of this Agreement shall prevail.

• This Agreement, the Technical Management Agreements and the Commercial Management Agreement constitute the entire agreement and understanding between the Parties with respect to the subject matter of this Agreement and (in relation to such subject matter) supersedes and replaces all prior understandings and agreements, written or oral, between the parties.

• The Technical Management Agreements have a term of five years, and such term automatically renews for a successive five-year term on each anniversary of their effective date, unless the agreements are terminated earlier in accordance with the provisions contained therein.

• During the nine months ended September 30, 2020, and 2021, the Company incurred management fees under the Technical Management Agreements amounting to $450,000 and$3,240,000, respectively, which are separately presented in Management fees to related parties in the accompanying unaudited interim condensed consolidated statements of comprehensive income/(loss).

More Definitions of Technical Management Agreements

Technical Management Agreements means each Technical Management Services Agreement to be entered into between a Vessel Owner and CSM, the form of which is annexed hereto as Exhibit B to this Agreement;

Technical Management Agreements means any internal service agreement related to the operation and technical management of a vessel (including but not limited to a vessel in lay-up or at a yard) when an Internal Charter is not in place (as entered into, amended and/or terminated from time to time) entered into between relevant Group Companies.

Technical Management Agreements means the agreements for the technical management of the Vessels made or to be made between each Collateral Owner respectively and the Technical Manager and "Technical Management Agreement" means any one of them.

Technical Management Agreements means each, and collectively means all, of the technical ship management agreements listed on Schedule IV hereto and any other technical ship management agreement entered into in substitution of any thereof meeting the requirements of Section 5.01(q)(iv).

Technical Management Agreements means the agreement made or to be made between the relevant Borrower and the Technical Manager for the technical management of the First Vessels. “Technical Manager” means V-Ships Management Limited, Eaglehurst, Belmont Hill, Douglas, Isle of Man or the Commercial Manager (in its capacity as technical manager). “Total Commitments” means the aggregate of the Total Facility A Commitments and the Total Facility B Commitments, being USD 138,100,000 at the date of this Agreement. “Total Facility A Commitments” means the aggregate of the Facility A Commitments, being USD 122,100,000 at the date of this Agreement. “Total Facility B Commitments” means the aggregate of the Facility B Commitments, being USD 16,000,000 at the date of this Agreement. “Total Loss” means, in relation to any of the First Vessels: a) the actual, constructive, compromised, agreed, arranged or other total loss of such First Vessel;

Technical Management Agreements has the meaning specified in Section 3.01(a)(iv)(C).

Technical Management Agreements to "Technical Management Agreement"