Common use of Management cost control Clause in Contracts

Management cost control. The Guarantor shall ensure that the daily management fee payable to the Approved Manager in respect of the technical and commercial management of each Ship will be fixed in an aggregate amount not exceeding $650 per Ship (the "Fixed Management Fee").

Appears in 1 contract

Sources: Fourth Supplemental Agreement (Box Ships Inc.)

Management cost control. The Guarantor shall ensure that the daily management fee payable to the Approved Manager in respect of the technical and commercial management of each Ship and each Collateral Ship will be fixed in an aggregate amount not exceeding $650 per Ship or Collateral Ship (the "Fixed Management Fee").

Appears in 1 contract

Sources: Third Supplemental Agreement (Box Ships Inc.)