Control Account. The Agent shall open and maintain on its books a control account in the name of the Borrower showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 11 contracts
Samples: Secured Loan Agreement (Teekay LNG Partners L.P.), Secured Term Loan Facility Agreement (Teekay Tankers Ltd.), Senior Secured Revolving Credit Facility Agreement
Control Account. The Agent shall open and maintain on its books a control account in the name names of the Borrower Borrowers showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s Borrowers' obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 29.10 and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 9 contracts
Samples: Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC)
Control Account. The Agent shall open and maintain on its books a control account in the name of the Borrower showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s 's obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 5 contracts
Samples: Secured Revolving Credit Facility Agreement (Teekay Corp), Loan Agreement, Loan Agreement (Teekay Shipping Corp)
Control Account. The Agent shall open and maintain on its books a control account in the name of the Borrower showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 17.6 and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 5 contracts
Samples: Secured Loan Agreement (DHT Holdings, Inc.), Secured Loan Agreement (Poseidon Containers Holdings Corp.), Secured Loan Agreement (Baltic Trading LTD)
Control Account. The Agent shall open and maintain on its books a control account in the name names of the Borrower Borrowers showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s Borrowers' obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 17.6 and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 4 contracts
Samples: Secured Loan Agreement (Diana Shipping Inc.), Secured Loan Agreement (Diana Shipping Inc.), Secured Loan Agreement (Baltic Trading LTD)
Control Account. The Agent shall open and maintain on its books a control account in the name of the Borrower Borrowers showing the advance of the Loan Facility and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s Borrowers’ obligations to repay the Loan Facility and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 3 contracts
Samples: Facility Agreement (Teekay Corp), Facility Agreement (Teekay Tankers Ltd.), Facility Agreement (Teekay Corp)
Control Account. The Agent shall without further input required from the Borrowers open and maintain on its books a control account in the name of the Borrower Borrowers showing the advance of the Loan Facility and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s Borrowers’ obligations to repay the Loan Facility and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 by the Agent and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 3 contracts
Samples: Secured Facility Agreement, Secured Facility Agreement (Teekay LNG Partners L.P.), Secured Facility Agreement (Teekay LNG Partners L.P.)
Control Account. The Agent shall open and maintain on its books a control account in the name names of the Borrower Borrowers showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s Borrowers’ obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 17.6 and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 3 contracts
Samples: Secured Loan Agreement (Poseidon Containers Holdings Corp.), Secured Loan Agreement (NewLead Holdings Ltd.), Secured Loan Agreement (DryShips Inc.)
Control Account. The Agent shall open and maintain on its books a control account in the name of the Borrower showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 28.10 (Control account) and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 2 contracts
Samples: Loan Agreement (Safe Bulkers, Inc.), Amending and Restating Agreement (Safe Bulkers, Inc.)
Control Account. The Agent shall open and maintain on its books a control account in the name of the Borrower Borrowers showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s Borrowers’ obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 2 contracts
Samples: Secured Term Loan Facility Agreement, Secured Term Loan Facility Agreement (Teekay LNG Partners L.P.)
Control Account. The Agent shall open and maintain on its books a control account in the name of the Borrower showing the advance of the Loan each Drawing and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s obligations to repay the Loan each Drawing and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 28.10 and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 1 contract
Control Account. The Agent shall open and maintain on its books a control account in the name of the Borrower showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s 's obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 30.10 and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 1 contract
Control Account. The Agent shall open and maintain on its books a control account in the name names of the Borrower Borrowers showing the advance of the Loan each Drawing and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s Borrowers’ obligations to repay the Loan each Drawing and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 28.10 and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 1 contract
Samples: Secured Loan Agreement (Genco Shipping & Trading LTD)
Control Account. The Agent shall open and maintain on its books a control account in the name of the Borrower showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 28.9 and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 1 contract
Control Account. The Agent shall open and maintain on its books a control account in the name names of the Borrower Borrowers showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s Borrowers’ obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 29.10 and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 1 contract
Control Account. The Agent shall open and maintain on its books a control account in the name of the Borrower Borrowers showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s Borrowers' obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 1 contract
Samples: Secured Term Loan Facility Agreement (Teekay LNG Partners L.P.)
Control Account. The Agent shall open and maintain on its books a control account in the name of the Borrower showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s 's obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 28.10 (Control account) and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 1 contract
Samples: Loan Agreement (Safe Bulkers, Inc.)
Control Account. The Agent shall (without further input required from the Borrower) open and maintain on its books a control account in the name of the Borrower showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 by the Agent and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 1 contract
Samples: Secured Credit Facility (Teekay Offshore Partners L.P.)
Control Account. The Agent shall open and maintain on its books books- a control account in the name of the Borrower showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s obligations 's obligation to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 28.10 and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 1 contract
Control Account. The Agent shall open and maintain on its books a control account in the name of the Borrower showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s 's obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 29.10 and those entries will, in the absence of manifest error, be conclusive and binding.
Appears in 1 contract
