Common use of General Administration Clause in Contracts

General Administration. 13.1 The Managers shall handle and settle all claims arising out of the Management Services hereunder and keep the Owners informed regarding any incident of which the Managers become aware which gives or may give rise to claims or disputes involving third parties.

Appears in 41 contracts

Samples: Management Agreement, Management Agreement (Gener8 Maritime, Inc.), Ship Management Agreement (KNOT Offshore Partners LP)

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General Administration. 13.1 The Managers shall handle and settle all claims arising out of the Management Services hereunder and keep the Owners informed regarding any incident of which the Managers become aware which gives or may give rise to claims or disputes involving third parties.; provided, that the settlement of any claims relating to general average or total constructive loss must be done at the direction of the Owners with the Owners’ involvement in such settlements..

Appears in 8 contracts

Samples: Management Agreement (Double Hull Tankers, Inc.), Management Agreement (Double Hull Tankers, Inc.), Management Agreement (Double Hull Tankers, Inc.)

General Administration. 13.1 13.1. The Managers shall handle and settle all claims arising out of the Management Services hereunder and keep the Owners informed regarding any incident of which the Managers become aware which gives or may give rise to claims or disputes involving third parties.

Appears in 3 contracts

Samples: Castor Maritime Inc., Castor Maritime Inc., Part Ii

General Administration. 13.1 19.1. The Managers shall handle and settle all claims arising out of the Management Services hereunder and keep the Owners informed regarding any incident of which the Managers become aware which gives or may give rise to claims or disputes involving third parties.

Appears in 2 contracts

Samples: Management Agreement (Teekay Shipping Corp), Euroseas Ltd.

General Administration. 13.1 The Managers shall handle and settle with Owners’ prior approval, all claims arising out of the Management Services hereunder and keep the Owners informed regarding any incident of which the Managers become aware which gives or may give rise to claims or disputes involving third parties.

Appears in 2 contracts

Samples: Omega Navigation Enterprises, Inc., Omega Navigation Enterprises, Inc.

General Administration. 13.1 The Managers shall handle and settle all claims arising out of the Management Services hereunder and keep the Owners informed regarding any incident of which the Managers become aware aware, which gives or may give rise to claims or disputes involving third parties. Managers shall obtain Owners’ approval for any claim settlement amount exceeding US$ 10,000 prior to the actual confirmation of settlement with a third party.

Appears in 2 contracts

Samples: Agreement, Agreement (Cavan Maritime LTD)

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General Administration. 13.1 A. The Managers shall handle and settle all claims arising out of the Management Services hereunder and keep the Owners informed regarding any incident of which the Managers become aware which gives or may give rise to claims or disputes involving third partiesdisputes.

Appears in 1 contract

Samples: Management Agreement (Seacor Holdings Inc)

General Administration. 13.1 The Managers shall handle and settle all claims arising out of the Management Services hereunder and keep the Owners informed regarding any incident of which the Managers become aware aware, which gives or may give rise to claims claim(s) or disputes dispute(s) involving third parties.

Appears in 1 contract

Samples: Pyxis Tankers Inc.

General Administration. 13.1 The Managers shall handle and settle all claims arising out of the Management Services hereunder and keep the Owners informed regarding any incident of which the Managers become aware which gives or may give rise to claims or disputes involving third parties; provided, that the settlement of any claims relating to general average or total constructive loss must be done at the direction of the Owners with the Owners’ involvement in such settlements.

Appears in 1 contract

Samples: DHT Maritime, Inc.

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