Service, Management and Operating Agreement. The Mortgagor shall not enter into any service, management or operating agreement for the operation of the Vessel (excluding husbanding type agreements), or appoint or designate a managing or operating agent for the operation of the Vessel (excluding husbanding agents) unless approved by the Mortgagee.
Appears in 3 contracts
Sources: Consolidated Agreement (Matson, Inc.), First Preferred Fleet/Ship Mortgage, First Preferred Fleet/Ship Mortgage