Application of Moneys. All moneys received by the Bank under or pursuant to any of the Security Documents and expressed to be applicable in accordance with the provisions of this clause 13.1 shall be applied by the Bank in the following manner:
Appears in 16 contracts
Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Aegean Marine Petroleum Network Inc.)
Application of Moneys. All moneys received by the Bank under or pursuant to any of the Security Documents and expressed to be applicable in accordance with the provisions of this clause 13.1 shall be applied by the Bank as follows, or in such other order as the following mannerBank may require in its absolute discretion:
Appears in 9 contracts
Samples: Facility Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Holdings Inc.)
Application of Moneys. All moneys received by the Bank under or pursuant to any of the Security Documents and expressed to be applicable in accordance with the provisions of this clause 13.1 shall be applied by the Bank in the following manner:
Appears in 6 contracts
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Freeseas Inc.), Loan Agreement (Globus Maritime LTD)
Application of Moneys. All moneys received by the Bank under or pursuant to any of the Security Documents and expressed to be applicable in accordance with the provisions of this clause 13.1 14.1 shall be applied by the Bank in the following manner:
Appears in 6 contracts
Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Application of Moneys. All moneys received by the Bank Agent and/or the Banks under or pursuant to any of the Security Documents and expressed to be applicable in accordance with the provisions of this clause 13.1 shall be applied by the Bank Agent and/or the Banks in the following manner:
Appears in 3 contracts
Samples: Facilities Agreement (Aries Maritime Transport LTD), Agreement (Aries Maritime Transport LTD), Facilities Agreement (Omega Navigation Enterprises, Inc.)
Application of Moneys. All moneys received by the Bank under or pursuant to any of the Security Documents and expressed to be applicable in accordance with the provisions of this clause 13.1 shall be applied by the Bank in the following manner:
Appears in 1 contract
