Additional payments to Retention Accounts. If for any reason the amount standing to the credit of the relevant Earnings Account shall be insufficient to make any transfer to the relevant Retention Account required by Clause 12.3, the Borrowers shall, without demand, procure that there is credited to the relevant Retention Account, within 5 Business Days of 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: Credit Facility Agreement (Danaos Corp), Credit Facility Agreement (Danaos Corp)
Additional payments to Retention Accounts. If for any reason the amount standing to the credit of the relevant an Earnings Account shall be is insufficient to make any transfer to the relevant Retention Account required by Clause 12.310.5, the Borrowers Borrower shall, without demand, procure that there is credited to the relevant Retention Account, within 5 Business Days of on the date on which the relevant amount would have been transferred from the relevant Earnings Account, an amount equal to the amount of the shortfall.
Appears in 1 contract
Samples: Secured Loan Agreement (Energy Infrastructure Merger CORP)
Additional payments to Retention Accounts. If for any reason the amount standing to the credit of the relevant an Earnings Account shall be is insufficient to make any transfer to the relevant Retention Account required by Clause 12.317.4 (Transfers to Retention Accounts), the Borrowers shall, without demand, procure that there is credited to the relevant Retention Account, within 5 Business Days of on the date on which the relevant amount would have been transferred from the relevant Earnings Account, an amount equal to the amount of the shortfall.
Appears in 1 contract
