Application after. acceleration From and after the giving of notice to the Borrower by the Lender under Clause 14.2, the Borrower shall procure that all sums from time to time standing to the credit of either of the Accounts are immediately transferred to the Lender for application in accordance with Clause 11.14 and the Borrower irrevocably authorises the Lender to make those transfers.
Appears in 3 contracts
Samples: Credit Facility Agreement (Safe Bulkers, Inc.), Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.), Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.)
Application after. acceleration From and after the giving of notice to the Borrower by the Lender under Clause 14.213.2 (Acceleration), the Borrower shall procure that all sums from time to time standing to the credit of either of the Accounts Earnings Account are immediately transferred to the Lender for application in accordance with Clause 11.14 10.10 (General application of moneys) and the Borrower irrevocably authorises the Lender to make those transfers.
Appears in 2 contracts
Samples: Secured Loan Agreement (Top Ships Inc.), Secured Loan Agreement (Top Ships Inc.)
Application after. acceleration From and after the giving of notice to the Borrower by the Lender under Clause 14.2, the Borrower shall procure that all sums from time to time standing to the credit of either of the Accounts are immediately transferred to the Lender for application in accordance with Clause 11.14 11.9 and the Borrower irrevocably authorises the Lender to make those transfers.
Appears in 2 contracts
Samples: Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.), Credit Facility Agreement (Safe Bulkers, Inc.)
Application after. acceleration From and after the giving of notice to the Borrower Borrowers by the Lender under Clause 14.222.2 (Acceleration), the Borrower Borrowers shall procure that all sums from time to time standing to the credit of either any of the Accounts are immediately transferred to the Lender or any Receiver or Delegate for application in accordance with Clause 11.14 17.12 (Application of moneys by Xxxxxx) and the Borrower Borrowers irrevocably authorises authorise the Lender to instruct the relevant Account Holder to make those transfers.
Appears in 1 contract
Application after. acceleration From and after the giving of notice to the Borrower by the Lender under Clause 14.2, . the Borrower shall procure that all sums from time to time standing to the credit of either of the Accounts are immediately transferred to the Lender for application in accordance with Clause 11.14 and the Borrower irrevocably authorises the Lender to make those transfers.
Appears in 1 contract
Samples: Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.)
Application after. acceleration From and after the giving of notice to the Borrower by the Lender under Clause 14.214.2 (Acceleration), the Borrower shall procure that all sums from time to time standing to the credit of either of the Accounts Earnings Account are immediately transferred to the Lender for application in accordance with Clause 11.14 11.11 (General application of moneys) and the Borrower irrevocably authorises the Lender to make those transfers.
Appears in 1 contract
Application after. acceleration From and after the giving of notice to the Borrower Borrowers by the Lender under Clause 14.222.2 (Acceleration), the Borrower Borrowers shall procure that all sums from time to time standing to the credit of either any of the Accounts are immediately transferred to the Lender or any Receiver or Delegate for application in accordance with Clause 11.14 17.12 (Application of moneys by Lender) and the Borrower Borrowers irrevocably authorises authorise the Lender to instruct the Account Holder to make those transfers.
Appears in 1 contract
Application after. acceleration From and after the giving of notice to the Borrower Borrowers by the Lender under Clause 14.215.2, the Borrower Borrowers shall procure that all sums from time to time standing to the credit of either any of the Accounts are immediately transferred to the Lender for application in accordance with Clause 11.14 12.11 and the Borrower Borrowers irrevocably authorises authorise the Lender to make those transfers.
Appears in 1 contract
Samples: Secured Loan Agreement (Danaos Corp)
Application after. acceleration From and after the giving of notice to the Borrower by the Lender under Clause 14.222.2 (Acceleration), the Borrower shall procure that all sums from time to time standing to the credit of either of the Accounts are immediately transferred to the Lender or any Receiver or Delegate for application in accordance with Clause 11.14 17.12 (Application of moneys by Lender) and the Borrower irrevocably authorises the Lender to instruct the Account Holder to make those transfers.
Appears in 1 contract
Application after. acceleration From and after the giving of notice to the Borrower Borrowers by the Lender under Clause 14.213.2 (Acceleration), the Borrower Borrowers shall procure that all sums from time to time standing to the credit of either of the Accounts Earnings Account are immediately transferred to the Lender for application in accordance with Clause 11.14 10.10 (General application of moneys) and the Borrower Borrowers irrevocably authorises authorise the Lender to make those transfers.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Application after. acceleration From and after the giving of notice to the Borrower by the Lender under Clause 14.213.2 (Acceleration), the Borrower shall procure that all sums from time to time standing to the credit of either of the Accounts are immediately transferred to the Lender for application in accordance with Clause 11.14 10.11 (General application of moneys) and the Borrower irrevocably authorises the Lender to make those transfers.
Appears in 1 contract
Samples: Secured Loan Agreement (Poseidon Containers Holdings Corp.)
