Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 (The Security Agent), the "Recoveries") shall be transferred to the Facility Agent for application in accordance with Clause 37.5 (Application of receipts; partial payments).
Appears in 3 contracts
Samples: Assignment Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp)
Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 (The Security Agent), the "Recoveries") shall be transferred to the Facility Agent for application in accordance with Clause 37.5 33.5 (Application of receipts; partial payments).
Appears in 2 contracts
Samples: Assignment Agreement (Ardmore Shipping Corp), Facility Agreement (Ardmore Shipping Corp)
Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 31 (The Security Agent), the "Recoveries") shall be transferred to the Facility Agent for application in accordance with Clause 37.5 34.5 (Application of receipts; partial payments).
Appears in 2 contracts
Samples: Assignment Agreement (Grindrod Shipping Holdings Ltd.), Assignment Agreement (Star Bulk Carriers Corp.)
Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 (The Security Agent)33, the "“Recoveries"”) shall be transferred to the Facility Agent for application in accordance with Clause 37.5 36.5 (Application of receipts; partial payments).
Appears in 2 contracts
Samples: Assignment Agreement (Dorian LPG Ltd.), Assignment Agreement (Dorian LPG Ltd.)
Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent Trustee receives or recovers and which are, or are attributable to, Security Property Collateral (for the purposes of this Clause 33 (The Security Agent)29, the "“Recoveries"”) shall be transferred to the Facility Agent for application in accordance with Clause 37.5 32.5 (Application of receipts; partial payments).
Appears in 2 contracts
Samples: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.)
Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 (The Security Agent), the "Recoveries") shall be transferred to the Facility Agent for application in accordance with Clause 37.5 34.5 (Application of receipts; partial payments).
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Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent Trustee receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 26 (The Security AgentTrustee), the "Recoveries") shall be transferred to the Facility Agent for application in accordance with Clause 37.5 19 (Application of receipts; partial paymentsSums Received).
Appears in 1 contract
Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 32 (The Security Agent), the "“Recoveries"”) shall be transferred to the Facility Agent for application in accordance with Clause 37.5 35.5 (Application of receipts; partial payments).
Appears in 1 contract
Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent Trustee receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 26 (The Security AgentTrustee), the "“Recoveries"”) shall be transferred to the Facility Agent for application in accordance with Clause 37.5 19 (Application of receipts; partial paymentsSums Received).
Appears in 1 contract
Samples: Loan Agreement (Prestige Cruises International, Inc.)
Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 34 (The Security Agent), the "Recoveries") shall be transferred to the Facility Agent for application in accordance with Clause 37.5 38.5 (Application of receipts; partial payments).
Appears in 1 contract
Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 31 (The Security Agent), the "“Recoveries"”) shall be transferred to the Facility Agent for application in accordance with Clause 37.5 34.5 (Application of receipts; partial payments).
Appears in 1 contract
Samples: Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 35 (The Security Agent), the "“Recoveries"”) shall be transferred to the Facility Agent for application in accordance with Clause 37.5 39.5 (Application of receipts; partial payments).
Appears in 1 contract
Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 (The Security Agent), the "Recoveries") shall be transferred to the Facility Agent for application in accordance with Clause 37.5 36.5 (Application of receipts; partial payments).
Appears in 1 contract
Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 (The Security Agent)31, the "Recoveries") shall be transferred to the Facility Agent for application in accordance with Clause 37.5 35.5 (Application of receipts; partial payments).
Appears in 1 contract
Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 30 (The Security Agent), the "“Recoveries"”) shall be transferred to the Facility Agent for application in accordance with Clause 37.5 33.5 (Application of receipts; partial payments).
Appears in 1 contract
Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 35 (The Security Agent), the "“Recoveries"”) shall be transferred to the Facility Agent for application in accordance with Clause 37.5 38.5 (Application of receipts; partial payments).
Appears in 1 contract
Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 25 (The Security Agent), the "Recoveries") shall be transferred to the Facility Agent for application in accordance with Clause 37.5 28.5 (Application of receipts; partial payments).
Appears in 1 contract
Samples: Assignment Agreement (DryShips Inc.)
Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 35 (The Security Agent), the "Recoveries") shall be transferred to the Facility Agent for application in accordance with Clause 37.5 38.5 (Application of receipts; partial payments).
Appears in 1 contract
Application of Receipts. (a) Except as expressly stated to the contrary in any Finance Document, any moneys which the Security Agent receives or recovers and which are, or are attributable to, Security Property (for the purposes of this Clause 33 (The Security Agent), the "“Recoveries"”) shall be transferred to the Facility Agent for application in accordance with Clause 37.5 36.5 (Application of receipts; partial payments).
Appears in 1 contract
