Common use of Supervision and Management Clause in Contracts

Supervision and Management. Except with the prior consent of the Agent, the Borrower will not: 10.14.1 permit any person other than the Supervisor and the Manager to be the supervisor of construction and the manager of, including providing crewing services to, the Vessel; 10.14.2 permit any amendment to be made to the terms of the Supervision Agreement or the Management Agreement unless an amendment to the Management Agreement is advised by the Borrower’s tax counsel or is deemed necessary by the parties thereto but provided that the amendment does not imperil the security to be provided pursuant to the Security Documents or adversely affect the ability of any Obligor to perform its obligations under the Transaction Documents; or 10.14.3 permit the Vessel to be employed other than within the NCL or NCL America brand (as applicable).

Supervision and Management. Except with the prior consent of the Agent, the Borrower will not: 10.14.1 permit any person other than the Supervisor and the any Manager to be the supervisor of construction and the manager of, including providing crewing services to, the Vessel; 10.14.2 permit any amendment to be made to the terms of the Supervision Agreement or the any Management Agreement unless an amendment to the a Management Agreement is advised by the Borrower’s tax counsel or is deemed necessary by the parties thereto but provided that the amendment does not imperil the security to be provided pursuant to the Security Documents or adversely affect the ability of any Obligor to perform its obligations under the Transaction Documents; or 10.14.3 permit the Vessel to be employed other than within the NCL or NCL America brand (as applicable).

Supervision and Management. Except with the prior consent of the Agent, the Borrower will not: 10.14.1 (a) permit any person other than the Supervisor and the Manager to be the supervisor of construction and the manager of, including providing crewing services to, the Vessel; 10.14.2 (b) permit any amendment to be made to the terms of the Supervision Agreement or the Management Agreement unless an amendment to the Management Agreement is advised by the Borrower’s tax counsel or is deemed necessary by the parties thereto but provided that the amendment does not imperil the security to be provided pursuant to the Security Documents or adversely affect the ability of any Obligor to perform its obligations under the Transaction Documents; or 10.14.3 (c) permit the Vessel to be employed other than within the NCL or NCL America brand (as applicable).