Payment of Earnings. The Borrower undertakes with the Lender to ensure that throughout the Security Period (subject only to provisions of the General Assignment), all the Earnings of the Ship are paid to the Earnings Account.
Appears in 2 contracts
Samples: Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Cosmo Llc.)
Payment of Earnings. The Borrower undertakes with the Lender to ensure that that, throughout the Security Period (and subject only to the provisions of the General Assignment), all the Earnings of the Ship are paid to the Earnings Account.
Appears in 2 contracts
Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Quintana Shipping Ltd.)
Payment of Earnings. The Each Borrower undertakes with the Lender to ensure that that, throughout the Security Period (and subject only to the provisions of the General AssignmentAssignments), all the Earnings of the in relation to each Ship are paid to the Earnings AccountAccount in respect of that Ship.
Appears in 2 contracts
Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Payment of Earnings. The Borrower undertakes with the Lender to ensure that that, throughout the Security Period (subject only to the provisions of the General AssignmentAssignments), all the Earnings of the a Ship are paid to the Earnings AccountAccount for that Ship.
Appears in 2 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (StealthGas Inc.)
Payment of Earnings. The Borrower undertakes with the Lender to ensure that that, throughout the Security Period (and subject only to the provisions of the General AssignmentAssignments), all the Earnings of the in relation to each Ship are paid to the Earnings AccountAccount in respect of that Ship.
Appears in 2 contracts
Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Payment of Earnings. The Borrower undertakes with the Lender to ensure that that, throughout the Security Period (subject only to the provisions of the General AssignmentAssignments), all the Earnings of the a Ship are paid to the Earnings Account for that Ship, (or at the option of the Borrower to the Danaos Earnings Account).
Appears in 2 contracts
Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)
Payment of Earnings. The Borrower undertakes with the Lender to ensure that that, throughout the Security Period (and subject only to the provisions of the General AssignmentAssignments), all the Earnings of the each Ship are paid to the Earnings Operating Account.
Appears in 2 contracts
Samples: Facility Agreement (Gala Properties Inc.), Loan Agreement (Diana Shipping Inc.)
Payment of Earnings. The Borrower undertakes with the Lender to ensure that that, throughout the Security Period (subject only to the provisions of the General AssignmentAssignments), all the Earnings of the a Ship are paid to the Earnings AccountAccount relevant to that Ship.
Appears in 1 contract
Samples: Loan Agreement (Box Ships Inc.)
Payment of Earnings. The Borrower undertakes with the Lender to ensure that that, throughout the Security Period (and subject only to the other provisions of this Agreement and the General Assignment), all the Earnings of the Ship each Ships are paid to the Earnings Account relative to that Ship and all payments made in relation to that Ships and/or its Owner are made from that Earnings Account.
Appears in 1 contract
Payment of Earnings. The Borrower undertakes with the Lender to ensure that throughout the Security Period (subject only to provisions of the each General Assignment), all the Earnings of the each Ship are paid to the Earnings AccountAccount for that Ship.
Appears in 1 contract
Samples: Agreement (Star Bulk Carriers Corp.)