Common use of Application of accounts Clause in Contracts

Application of accounts. At any time after the occurrence of an Event of Default, the Lender may without notice to the Owners, apply all moneys then standing to the credit of any Earnings Account (together with interest from time to time accruing or accrued thereon) in or towards satisfaction of any sums due to the Lender under the Security Documents in the manner specified in clause 13.1.

Application of accounts. At any time after the occurrence of an Event of DefaultDefault and while the same is continuing unwaived and unremedied, the Lender may may, without prior notice to the OwnersBorrowers, apply all moneys then standing to the credit of any the Earnings Account (together with interest from time to time accruing or accrued thereon) in or towards satisfaction of any sums due to the Lender under the Security Documents at the time of such applications in the manner specified in clause 13.1. Following such application, the Lender shall give notice thereof to the Borrowers.

Application of accounts. At any time after the occurrence of an Event of Default, the Lender may without notice to the Owners, Borrowers apply all moneys then standing to the credit of the Accounts or any Earnings Account of them (together with interest from time to time accruing or accrued thereon) in or towards satisfaction of any sums due to the Lender under the Security Documents in the manner specified in clause 13.1.

Application of accounts. At any time after the occurrence of an Event of Default, the Lender may may, without notice to the OwnersBorrower, apply all moneys then standing to the credit of any the Retention Account and the Earnings Account account (together with interest from time to time accruing or accrued thereon) in or towards satisfaction of any sums due to the Lender Banks or any of them under the Security Documents in the manner specified in clause 13.1.

Application of accounts. At any time after the occurrence of an Event of Default, the Lender may may, without notice to the OwnersBorrower, apply all moneys then standing to the credit of any the Earnings Account Accounts (together with interest from time to time accruing or accrued thereon) in or towards satisfaction of any sums due to the Lender under the Security Documents in the manner specified in clause 13.1.

Application of accounts. At any time after the occurrence of an Event of Default, the Lender may may, without notice to the OwnersBorrower, apply all moneys then standing to the credit of any the Earnings Account (together with interest from time to time accruing or accrued thereon) in or towards satisfaction of any sums due to the Lender under the Security Documents in the manner specified in clause 13.1.

Application of accounts. At any time after the occurrence of an Event of Default, the Lender may may, without prior notice to any Borrower and/or the Owners, Corporate Guarantor apply all moneys then standing to the credit of any Earnings Account and/or the Retention Account (together with interest from time to time accruing or accrued thereon) in or towards satisfaction of any sums due to the Lender under the Security Documents at the time of such applications in the manner specified in clause 13.1Clause 15.1 (Application of moneys).