Common use of Debits for expenses etc Clause in Contracts

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

Appears in 7 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Cosmo Llc.), Agreement (Star Bulk Carriers Corp.)

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Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the Earnings Account without with prior written notice to the Borrower in order to discharge any amount due and payable to it under Clause 19 or 20 or payment of which it has become entitled to demand under Clause 19 or 20.

Appears in 5 contracts

Samples: Loan Agreement (Box Ships Inc.), Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the Earnings Operating Account without prior notice in order to discharge any amount due and payable to it under Clause 19 or 20 or payment of which it has become entitled to demand under Clause 19 or 20.

Appears in 4 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)

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

Appears in 4 contracts

Samples: Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (Omega Navigation Enterprises, Inc.)

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

Appears in 4 contracts

Samples: Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the Earnings Account without Accounts (or either of them) with prior notice in order to discharge any amount due and payable (which remains unpaid) to it under Clause Clauses 19 or 20 or payment of which it has become entitled to demand under Clause Clauses 19 or 20.

Appears in 3 contracts

Samples: Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the Earnings Operating Account without prior notice in order to discharge any amount due and payable to it under Clause 19 Clauses 20 or 20 21 or payment of which it has become entitled to demand under Clause 19 Clauses 20 or 2021.

Appears in 3 contracts

Samples: Loan Agreement (Arlington Tankers Ltd.), Loan Agreement (General Maritime Corp / MI), Agreement (Arlington Tankers Ltd.)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the Earnings Account without Accounts (or any of them) with prior notice in order to discharge any amount due and payable (which remains unpaid) to it under Clause Clauses 18 or 19 or 20 or payment of which it has become entitled to demand under Clause 19 Clauses 18 or 2019.

Appears in 2 contracts

Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the Earnings Account without Accounts (or any of them) with prior notice in order to discharge any amount due and payable (which remains unpaid) to it under Clause Clauses 19 or 20 or payment of which it has become entitled to demand under Clause Clauses 19 or 20.

Appears in 2 contracts

Samples: Loan Agreement (DryShips Inc.), Loan Agreement (Oceanfreight Inc.)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the Earnings Operating Account without prior notice in order to discharge any amount due and payable to it under Clause 19 or 20 or payment of which it has become entitled to demand under Clause 19 or 20.

Appears in 2 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Facility Agreement (Gala Properties Inc.)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the any Earnings Account without prior notice in order to discharge any amount due and payable to it under Clause 19 20 or 20 21 or payment of which it has become entitled to demand under Clause 19 20 or 2021.

Appears in 2 contracts

Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the Earnings Account without prior notice in order to discharge any amount due and payable to it under Clause 19 or 20 to it or payment of which it the Lender has become entitled to demand under Clause 19 or 20.20 and which remains unpaid for a period of up to 3 days. Borrower’s obligations unaffected The provisions of this Clause 17 do not affect:

Appears in 1 contract

Samples: Loan Agreement (Product Shipping Ltd.)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the Earnings Account without prior notice Accounts, after notifying the Borrowers, in order to discharge any amount due and payable to it under Clause 19 or 20 or payment of which it has become entitled to demand under Clause 19 or 20.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the either Earnings Account without with prior written notice to the Borrower in order to discharge any amount due and payable to it under Clause 19 or 20 or payment of which it has become entitled to demand under Clause 19 or 20.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the either Retention Account or either Earnings Account without prior notice in order to discharge any amount due and payable to it under Clause 19 or 20 or payment of which it has become entitled to demand under Clause 19 or 20.

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

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Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the Earnings Account without Accounts (or any either of them) with prior notice in order to discharge any amount due and payable (which remains unpaid) to it under Clause Clauses 19 or 20 or payment of which it has become entitled to demand under Clause Clauses 19 or 20.

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the Earnings Account Accounts without prior notice in order to discharge any amount due and payable to it under Clause 19 or 20 to the Lender or payment of which it the Lender has become entitled to demand under Clause 19 or 20.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Debits for expenses etc. The Lender Lenders shall be entitled (but not obliged) from time to time to debit the Earnings Account without with prior notice in order to discharge any amount due and payable to it them under Clause 19 20 or 20 21 or payment of which it has they have become entitled to demand under Clause 19 20 or 2021.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the Earnings Account without prior notice in order to discharge any amount due and payable to it under Clause 19 20 or 20 21 to the Lender or payment of which it the Lender has become entitled to demand under Clause 19 20 or 2021.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the any Earnings Account Accounts without prior notice in order to discharge any amount due and payable to it under Clause 19 or 20 or payment of which it has become entitled to demand under Clause 19 or 20.

Appears in 1 contract

Samples: Agreement (Diana Shipping Inc.)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the Deposit Account or the Earnings Account without prior notice in order to discharge any amount due and payable to it under Clause 18 or 19 or 20 or payment of which it has become entitled to demand under Clause 19 18 or 2019.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the Earnings Account Accounts (or any of them) without prior notice in order to discharge any amount due and payable to it under Clause 19 20 or 20 21 to the Lender or payment of which it the Lender has become entitled to demand under Clause 19 20 or 2021.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the any Earnings Account Accounts without prior notice in order to discharge any amount due and payable to it under Clause 19 or 20 to the Lender or payment of which it the Lender has become entitled to demand under Clause 19 or 20.

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

Debits for expenses etc. The Following the occurrence of an Event of Default which is continuing and a direction from the Lender under Clause 17.1 above, the Lender shall be entitled (but not obliged) from time to time to debit the Earnings Account Accounts without prior notice in order to discharge any amount due and payable to it under Clause 19 or 20 or payment of which it has become entitled to demand under Clause 19 or 20.

Appears in 1 contract

Samples: Agreement (TBS International LTD)

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