Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Earnings Account shall be 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 2 contracts
Sources: Loan Facility Agreement (Mc Shipping Inc), Loan Facility Agreement (Mc Shipping Inc)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Earnings Account shall be Accounts (or either one of them) 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 2 contracts
Sources: Secured Loan Agreement (Baltic Trading LTD), Secured Loan Agreement (Baltic Trading LTD)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Earnings Account shall be Retention Accounts 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
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Earnings Retention Account shall be 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
Sources: Loan Agreement (Diana Shipping Inc.)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Earnings Account Accounts shall be insufficient to pay any Repayment Instalment or to make any payment of interest when duedue in accordance with this Clause, the Borrowers' Borrower’s obligation to pay that Repayment Instalment or to make that payment of interest shall not be affected.
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Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the relevant Earnings Account shall be 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
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Earnings Account 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
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Earnings a Retention Account shall be 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
Sources: Secured Loan Agreement (Energy Infrastructure Merger CORP)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Earnings Account shall be is insufficient to pay any Repayment Instalment or to make any payment of interest when due, the Borrowers' obligation ’ obligations to pay that Repayment Instalment Instalment, or to make that payment of interest shall not be affected.
Appears in 1 contract
Sources: Loan Agreement (Danaos Corp)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Earnings Account shall be 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
Sources: Secured Loan Agreement (Danaos Corp)
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Earnings Account shall be 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
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Earnings Account shall be Accounts 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
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Earnings Retention Account 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
Borrower’s Obligations. not affected If for any reason the amount standing to the credit of the Earnings Retention Account 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