Examples of Technical Sub-Manager in a sentence
The Technical Manager and/or the Technical Sub-Manager, if any, shall not be restricted from carrying on or being interested in any business in which they are engaged at the date hereof or may undertake hereafter which is or may be similar to or competitive with the business of the Vessel Owner.
The Technical Manager shall at all times use its best endeavours to promote and protect the interests of the Vessel Owner and shall procure that the Technical Sub-Manager, if any, does the same.
The Technical Manager and the Technical Sub-Manager, if any, shall have no responsibility or liability for failure to perform the management services by reason of force majeure.
It is the intention of the Parties that any Technical Services Agreements entered into between the Technical Sub-Manager and a Group Company be in form and substance substantially the same as the form agreement attached as Exhibit A hereto.
Such fee shall be paid simultaneously with the payment referred to in clause D(8) above, and in any event within three (3) business days of the date of actual physical delivery of the Vessel to the Technical Manager (or the Technical Sub-Manager, if any).
All requirements of the ISM Code as they relate to the Owner, the Approved Manager, the Approved Technical Sub-Manager and the Ship have been, or will, on or prior to the date on which the Ship is delivered to the Lender, be complied with.
The Borrower will provide the Lender with details of any legal or administrative action involving the Borrower, the Owner, any other Security Party, the Approved Manager, the Approved Technical Sub-Manager or the Ship, the Earnings or the Insurances as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.
The Technical Manager shall procure that any such Technical Sub-Manager provides a direct undertaking to the relevant Vessel Owners to perform and act in accordance with the terms of this Agreement, such undertaking from the Technical Sub-Manager to be in form and substance reasonably satisfactory to the Technical Manager.