Blocking upon Event of Default. The Pledged Accounts shall, following the occurrence of an Event of Default, be blocked in favour of the Finance Parties and the Swap Bank, and any subsequent Earnings or other amounts paid to the any of the Pledged Accounts or paid directly to the Agent shall be applied towards the Borrower’s obligations to the Finance Parties under the Agreement or the Swap Bank under any Swap Agreement (as the case may be), with any balance to be promptly released.
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Samples: Assignment Agreement (DHT Holdings, Inc.), Assignment Agreement (DHT Holdings, Inc.)
Blocking upon Event of Default. The Pledged Accounts Account shall, following the occurrence of an Event of Default, be blocked in favour of the Finance Parties and the Swap BankBanks, and any subsequent Earnings or other amounts paid to the any of the Pledged Accounts Account or paid directly to the Agent shall be applied towards the Borrower’s 's obligations to the Finance Parties Lenders under the Agreement or Finance Documents and to the Swap Bank Banks under any Swap Agreement (as the case may be), Agreements with any balance to be promptly released.
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Blocking upon Event of Default. The Pledged Accounts shall, following the occurrence of an Event of Default, be blocked in favour of the Finance Parties and the Swap BankParties, and any subsequent Earnings or other amounts monies paid to the any of the Pledged Accounts or paid directly to the Agent shall be applied towards the Borrower’s Borrowers’ obligations to the Finance Parties under the Agreement Lenders or the Swap Bank under any Swap Agreement (as the case may be)) under the Agreement and/or any Swap Agreement, respectively, with any balance to be promptly released.
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Blocking upon Event of Default. The Pledged Accounts shall, following the occurrence of an Event of Default, be blocked in favour of the Finance Parties and the Swap BankParties, and any subsequent Earnings or other amounts monies paid to the any of the Pledged Accounts or paid directly to the Agent shall be applied towards the Borrower’s Borrowers’ obligations to the Finance Parties under the Agreement Lenders or the Swap Bank under any Swap Agreement (as the case may be)) under the Agreement and/or any Swap Agreement, respectively, with any balance to be promptly released.. 4
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