Common use of Debits for expenses etc Clause in Contracts

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent shall be entitled authorised by the Borrower (but not obliged) from time to time to debit any the Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Upon the occurrence and during the continuance of an Event of Default, the Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account Accounts without prior notice in order to discharge any amount due and payable under Clause 20 21 or 21 22 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 21 or 2122.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any Earnings Operating Account without prior notice in order to discharge any amount due and payable under Clause 20 19.11 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 19.11 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account Accounts without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any Earnings the Retention Account without with prior notice in order to discharge any amount due and payable under Clause 20 21 or 21 22 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 21 or 2122.

Debits for expenses etc. The Following the occurrence of an Event of Default which is continuing the Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account without prior notice in order to discharge any amount due and payable to it under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 21 or 21 22 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 21 or 2122.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 21 or 21 22 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 21 or 2122.

Debits for expenses etc. The Following the occurrence of an Event of Default which is continuing and a direction from the Agent under Clause 18.1 above, the Agent shall be entitled (but not obliged) from time to time to debit any the Standby Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Upon the occurrence and during the continuance of an Event of Default, the Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Accounts and/or the Freights Account without prior notice in order to discharge any amount due and payable under Clause 20 21 or 21 22 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 21 or 2122.

Debits for expenses etc. The Agent shall be entitled authorised by the Borrower (but not obliged) from time to time to debit any the Earnings Account or (in its discretion) the Cash Collateral Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.21 and which remains unpaid for a period of up to 3 days. The provisions of this Clause 18 do not affect:

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account Accounts without prior notice in order to discharge any amount due and payable under Clause 20 (Fees and Expenses) or 21 (Indemnities) to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 (Fees and Expenses) or 2121 (Indemnities).

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any Earnings the Operating Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 2121 and which remains unpaid for a period of up to 3 days.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any either Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account without with prior notice to the Borrower in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any a Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Upon the occurrence and during the continuance of an Event of Default, the Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Accounts and/or the Retention Account without prior notice in order to discharge any amount due and payable under Clause 20 21 or 21 22 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 21 or 2122.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit the Borrower Earnings Account or any Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 21 or 21 22 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 21 or 2122.

Debits for expenses etc. The Upon the occurrence of an Event of Default which is continuing, the Agent shall be entitled (but not obliged) from time to time to debit any Earnings Account without with prior or contemporaneous notice in order to discharge any amount due and payable under Clause 19 or 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 19 or 2120.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 ( ) or 21.(

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any theany Earnings Account without with prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21 and which has not been paid on its due date for payment under Clauses 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.. 19 EVENTS OF DEFAULT

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any Earnings Account without prior notice in order to discharge any amount due and payable to a Creditor Party under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent shall be entitled authorised by the Borrower (but not obliged) from time to time to debit any the Earnings Account Accounts without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account without prior upon notice in order to discharge any amount due and payable under Clause 5, 7, 8, 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 5, 7, 8, 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account without Accounts with prior notice in order to discharge any amount due and payable under Clause 20 21 or 21 22 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 21 or 2122.

Debits for expenses etc. The Upon the occurrence and during the continuance of an Event of Default, the Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account and/or the Retention Account without prior notice in order to discharge any amount due and payable under Clause 20 21 or 21 22 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 21 or 2122.

Debits for expenses etc. The Upon the occurrence and during the continuance of an Event of Default, the Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 21 or 21 22 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 21 or 2122.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time time, to debit, or authorise any Creditor Party to debit any Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 (Fees and Expenses) or 21 (Indemnities) to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 (Fees and Expenses) or 2121 (Indemnities).

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account Accounts without prior notice in order to discharge any amount due and payable under Clause 20 0 or 21 0 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 0 or 21.0. The provisions of this Clause 0 (as distinct from a distribution effected under Clause 18.4) do not affect:

Debits for expenses etc. The Agent shall be entitled authorised by the Borrower (but not obliged) from time to time to debit any the Earnings Account in respect of "AURORA" without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any either Earnings Account or either Retention Account without prior notice in order to discharge any amount due and payable under Clause 20 25 or 21 26 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 25 or 2126.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 0 ( ) or 21.(

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 2121 and the Borrower hereby undertakes with each Creditor Party to authorise the Account Bank to act according to the Agent’s instructions pursuant to this Clause.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any Earnings Operating Account or the Retention Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause or 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account without with prior notice to the Borower in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account without Accounts with prior notice in order to discharge any amount due and payable under Clause 20 21 or 21 22 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 21 or 21.22. 98 ‌

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any Earnings Account without with prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21 and which has not been paid on its due date for payment under Clauses 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any either Earnings Account or either Retention Account without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Paying Agent shall be entitled (but not obliged) from time to time to debit any either Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 21 or 21 22 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 21 or 2122.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account without prior notice in order to discharge any amount due and payable under Clause Clauses 15, 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause Clauses 15, 20 or 21.. 19EVENTS OF DEFAULT

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account Accounts, without prior notice following the occurrence of an Event of Default and otherwise with 5 Business Days prior notice, in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account, the Additional Earnings Account or the New Earnings Accounts (or any of them) without prior notice in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.”

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account Account, without prior notice following the occurrence of an Event of Default and otherwise with 5 Business Days prior notice, in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account without prior notice in order to discharge any amount due and payable under Clause Clauses 15, 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause Clauses 15, 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any Earnings Account without or the Borrower Account (provided that prior written notice is given to the Borrower and the relevant Owner containing reasonable detail of the amounts to be so debited) in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Retention Account or the Earnings Account without prior notice in order to discharge any amount due and payable to it under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account without with prior notice to the Borrower (other than at any time following an Event of Default which is continuing, in which case no such prior notice shall be required) in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account without Account(s) with prior notice to the Borrowers in order to discharge any amount due and payable under Clause 20 or 21 to a Creditor Party or payment of which any a Creditor Party has become entitled to demand under Clause 20 or 21.

Debits for expenses etc. The Agent Agent, following the written direction of the Majority Lenders, shall be entitled (but not obliged) from time to time to debit the Borrower Earnings Account or any Earnings Account without prior notice in order to discharge any amount due and payable under Clause 20 21 or 21 22 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 21 or 2122.

Debits for expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any the Earnings Account without with prior notice to the Borrower (other than at any time following an Event of Default which is continuing, in which case no such prior notice shall be required) in order to discharge any amount due and payable under Clause 20 (Fees and Expenses) or 21 (Indemnities) to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 20 (Fees and Expenses) or 2121 (Indemnities).