Common use of Borrower’s obligations not affected Clause in Contracts

Borrower’s obligations not affected. If for any reason the amount standing to the credit of the relevant Earnings Account is insufficient to pay any Repayment Instalment or to make any payment of interest when due, the Borrowers' obligation to pay that Repayment Instalment or to make that payment of interest shall not be affected.

Appears in 1 contract

Samples: Secured Loan Agreement (Diana Shipping Inc.)

AutoNDA by SimpleDocs

Borrower’s obligations not affected. If for any reason the amount standing to the credit of the relevant Earnings Retention Account is insufficient to pay any Repayment Instalment or to make any payment of interest when due, the Borrowers' Borrower's obligation to pay that Repayment Instalment or to make that payment of interest shall not be affected.

Appears in 1 contract

Samples: Secured Term Loan Facility (DHT Holdings, Inc.)

Borrower’s obligations not affected. If for any reason the amount standing to the credit of the relevant Earnings Retention Account is shall be insufficient to pay any Repayment Instalment or to make any payment of interest when due, the Borrowers' Borrower’s obligation to pay that Repayment Instalment or to make that payment of interest shall not be affected.

Appears in 1 contract

Samples: Loan Facility Agreement (Usg Corp)

AutoNDA by SimpleDocs

Borrower’s obligations not affected. If for any reason the amount standing to the credit of the relevant Earnings Account is Retention Accounts shall be insufficient to pay any Repayment Instalment or to make any payment of interest or the Exposure Fee when due, the Borrowers' obligation to pay that Repayment Instalment or to make that payment of interest or the Exposure Fee shall not be affected.

Appears in 1 contract

Samples: Credit Facility Agreement (Danaos Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!