Additional payments to Retention Account. If for any reason the amount standing to the credit of the Earnings Accounts shall be insufficient to make any transfer to the Retention Account required by Clause 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: Loan Facility Agreement (Usg Corp), Secured Loan Facility Agreement (Usg Corp)
Additional payments to Retention Account. If for any reason the amount standing to the credit of the Earnings Accounts shall be Account is insufficient to make any transfer to the Retention Account required by Clause 11.310.5 (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: Secured Loan Agreement (DHT Holdings, Inc.), Secured Loan Agreement (DHT Holdings, Inc.)
Additional payments to Retention Account. If for any reason the amount standing to the credit of the relevant Earnings Accounts shall be Account is insufficient to make any transfer to the Retention Account required by Clause 11.310.4 (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: Secured Loan Agreement (Poseidon Containers Holdings Corp.)
Additional payments to Retention Account. If for any reason the amount standing to the credit of the Earnings Accounts shall be Account is insufficient to make any transfer to the Retention Account required by Clause 11.310.4 (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.";
4.11 clause 10.4 of the Loan Agreement shall be deleted and replaced with the following clause:-
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Additional payments to Retention Account. If for any reason the amount standing to the credit of the Earnings Accounts shall be Account is insufficient to make any transfer to the Retention Account required by Clause 11.317.5 (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 Earnings Accounts Account shall be insufficient to make any transfer to the Retention Account required by Clause 11.312.3, 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
Additional payments to Retention Account. If for any reason the amount standing to the credit of the Earnings Accounts shall be Account is insufficient to make any transfer to the Retention Account required by Clause 11.310.4 (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: Secured Loan Agreement (Poseidon Containers Holdings Corp.)
Additional payments to Retention Account. If for any reason the amount standing to the credit of the Earnings Accounts Account shall be insufficient to make any transfer to the Retention Account required by Clause 11.312.3, 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
Additional payments to Retention Account. If for any reason the amount standing to the credit of the relevant Earnings Accounts shall be is insufficient to make any transfer to the Retention Account required by Clause 11.310.5 (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.
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Additional payments to Retention Account. If for any reason the amount standing to the credit of the an Earnings Accounts shall be Account is insufficient to make any transfer to the Retention Account required by Clause 11.316.4 (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 Accounts shall be Account is insufficient to make any transfer to the Retention Account required by Clause 11.310.4 (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: Secured Loan Agreement (Poseidon Containers Holdings Corp.)