Debits for fees, 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 Clauses 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clauses 20 or 21.
Appears in 12 contracts
Samples: Loan Agreement (Global Ship Lease, Inc.), Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP)
Debits for fees, 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 Clauses 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clauses 20 or 21.
Appears in 7 contracts
Samples: Agreement (Capital Product Partners L.P.), Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)
Debits for fees, 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 Clauses 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clauses 20 or 21.
Appears in 2 contracts
Samples: Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Paragon Shipping Inc.)
Debits for fees, 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 Clauses 20 (Fees and Expenses) or 21 (Indemnities) to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clauses 20 (Fees and Expenses) or 2121 (Indemnities).
Appears in 2 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition Corp)
Debits for fees, expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any Earnings the Deposit Account without prior notice in order to discharge any amount due and payable under Clauses 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clauses 20 or 21.
Appears in 2 contracts
Samples: Agreement (Seanergy Maritime Holdings Corp.), Agreement (Seanergy Maritime Holdings Corp.)
Debits for fees, expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any either Earnings Account, with not later than 5 Business Days prior notice to the Borrower owning that Ship to which that Earnings Account without prior notice relates, in order to discharge any amount due and payable under Clauses 20 Clause 20.1 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clauses 20 Clause 20.1 or 21.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Navios Maritime Partners L.P.)
Debits for fees, expenses etc. The Agent shall be entitled (but not obliged) from time to time to debit any either Earnings Account without Account, with not later than 5 Business Days prior notice to the Borrowers, in order to discharge any amount due and payable under Clauses 20 Clause 20.1 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clauses 20 Clause 20.1 or 21.
Appears in 1 contract
Debits for fees, 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 Clauses 20 (Fees and Expenses ) or 21 (Indemnities ) to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clauses 20 (Fees and Expenses) or 2121 (Indemnities).
Appears in 1 contract
Debits for fees, 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 under Clauses 20 (Fees and Expenses) or 21 (Indemnities) to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clauses 20 (Fees and Expenses) or 2121 (Indemnities).
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Debits for fees, 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 Clauses Clause 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clauses Clause 20 or 2121 and, in the case of Clause 20.1(a)(ii), the Borrowers shall ensure that the aggregate amount standing to the credit of the Earnings Accounts at the relevant time is sufficient for the payment of the second instalment of the arrangement fee referred to in that Clause.
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
Debits for fees, 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 Clauses 20 or 21 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clauses 20 or 21.,
Appears in 1 contract