Common use of Supervision and Management Clause in Contracts

Supervision and Management. Except with the prior consent of the Agent, the Borrower will not: (a) permit any person other than the Supervisor, the Manager and the Sub-Agent to be the supervisor of completion and the manager and sub-agent of, including providing crewing services to, the Vessel; (b) permit any amendment to be made to the terms of the Supervision Agreement, the Management Agreement or the Sub-Agency Agreement unless an amendment to the Management Agreement or the Sub-Agency 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 (c) 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: (a) permit any person other than the Supervisor, the Manager and the Sub-Agent to be the supervisor of completion construction and the manager and sub-agent of, including providing crewing services to, the Vessel; (b) permit any amendment to be made to the terms of the Supervision Agreement, the Management Agreement or the Sub-Agency Agreement unless an amendment to the Management Agreement or the Sub-Agency 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 (c) permit the Vessel to be employed other than within the NCL or NCL America brand (as applicable).