Additional payments to Retention Account. If for any reason the amount standing to the credit of the Earnings Account is insufficient to make any transfer to the Retention Account required by Clause 10.5 (Transfers to Retention Account), the Borrower shall, without demand, procure that there is credited to the Retention Account, on the date on which the relevant amount would have been transferred from the Earnings Account, an amount equal to the amount of the shortfall.
Appears in 2 contracts
Samples: Loan Agreement (DHT Holdings, Inc.), Loan Agreement (DHT Holdings, Inc.)
Additional payments to Retention Account. If for any reason the amount standing to the credit of the Earnings Account is Accounts shall be insufficient to make any transfer to the Retention Account required by Clause 10.5 (Transfers to Retention Account)11.3, the Borrower shall, without demand, procure that there is credited to the Retention Account, on the date on which the relevant amount would have been transferred from the Earnings Account, an amount equal to the amount of the shortfall.
Appears in 2 contracts
Samples: Agreement (Usg Corp), Agreement (Usg Corp)
Additional payments to Retention Account. If for any reason the amount standing to the credit of the Earnings Account is insufficient to make any transfer to the Retention Account required by Clause 10.5 10.4 (Transfers to Retention Account), the Borrower shall, without demand, procure that there is credited to the Retention Account, on the date on which the relevant amount would have been transferred from the Earnings Account, an amount equal to the amount of the shortfall.";
Appears in 1 contract
Additional payments to Retention Account. If for any reason the amount standing to the credit of the Earnings Account is shall be insufficient to make any transfer to the Retention Account required by Clause 10.5 (Transfers to Retention Account)12.3, the Borrower Borrowers shall, without demand, procure that there is credited to the Retention Account, on the date on which the relevant amount would have been transferred from the Earnings Account, an amount equal to the amount of the shortfall.
Appears in 1 contract
Samples: Loan Agreement (Euroseas Ltd.)
Additional payments to Retention Account. If for any reason the amount standing to the credit of the Earnings Account is insufficient to make any transfer to the Retention Account required by Clause 10.5 17.5 (Transfers to Retention Account), the Borrower Borrowers shall, without demand, procure that there is credited to the Retention Account, on the date on which the relevant amount would have been transferred from the Earnings Account, an amount equal to the amount of the shortfall.
Appears in 1 contract
Additional payments to Retention Account. If for any reason the amount standing to the credit of the an Earnings Account is insufficient to make any transfer to the Retention Account required by Clause 10.5 16.4 (Transfers to Retention Account), the Borrower shall, without demand, procure that there is credited to the Retention Account, on the date on which the relevant amount would have been transferred from the Earnings Account, an amount equal to the amount of the shortfall.
Appears in 1 contract
Samples: Amending and Restating Agreement (DHT Holdings, Inc.)
Additional payments to Retention Account. If for any reason the amount standing to the credit of the Earnings Account is insufficient to make any transfer to the Retention Account required by Clause 10.5 10.4 (Transfers to Retention Account), the Borrower shall, without demand, procure that there is credited to the Retention AccountAccount (as the case may be), on the date on which the relevant amount would have been transferred from the Earnings Account, an amount equal to the amount of the shortfall.
Appears in 1 contract
Samples: Poseidon Containers Holdings Corp.
Additional payments to Retention Account. If for any reason the amount standing to the credit of the relevant Earnings Account is insufficient to make any transfer to the Retention Account required by Clause 10.5 10.4 (Transfers to Retention Account), the Borrower Borrowers shall, without demand, procure that there is credited to the Retention Account, on the date on which the relevant amount would have been transferred from the Earnings Account, an amount equal to the amount of the shortfall.
Appears in 1 contract
Samples: Loan Agreement (Poseidon Containers Holdings Corp.)
Additional payments to Retention Account. If for any reason the amount standing to the credit of the relevant Earnings Account Accounts is insufficient to make any transfer to the Retention Account required by Clause 10.5 (Transfers to Retention Account), the Borrower Borrowers shall, without demand, procure that there is credited to the Retention Account, on the date on which the relevant amount would have been transferred from the Earnings AccountAccounts or the relevant one of them, an amount equal to the amount of the shortfall.
Appears in 1 contract
Additional payments to Retention Account. If for any reason the amount standing to the credit of the Earnings Account is insufficient to make any transfer to the Retention Account required by Clause 10.5 10.4 (Transfers to Retention Account), the Borrower shall, without demand, procure that there is credited to the Retention Account, on the date on which the relevant amount would have been transferred from the Earnings Account, an amount equal to the amount of the shortfall.
Appears in 1 contract
Samples: Loan Agreement (Poseidon Containers Holdings Corp.)
Additional payments to Retention Account. If for any reason the amount standing to the credit of the Earnings Account is shall be insufficient to make any transfer to the Retention Account required by Clause 10.5 (Transfers to Retention Account)12.3, the Borrower shall, without demand, procure that there is credited to the Retention Account, on the date on which the relevant amount would have been transferred from the Earnings Account, an amount equal to the amount of the shortfall.
Appears in 1 contract
Samples: Loan Agreement (Euroseas Ltd.)