Common use of Deposit of Earnings Clause in Contracts

Deposit of Earnings. Each Credit Party will cause the earnings derived from each of the respective Collateral Vessels, to the extent constituting Earnings and Insurance Collateral, to be deposited by the respective account debtor in respect of such earnings into the Concentration Account maintained for the Borrower from time to time (it being understood that, absent an Event of Default, the Borrower shall have full control of the funds within such Concentration Account). Without limiting any Credit Party’s obligations in respect of this Section 7.12, each Credit Party agrees that, in the event it receives any earnings constituting Earnings and Insurance Collateral, or any such earnings are deposited other than in one of the Concentration Accounts, it shall promptly deposit all such proceeds into the Concentration Account maintained for the Borrower from time to time.

Deposit of Earnings. (a) Each Credit Party will cause the earnings derived from each of the respective Collateral Vessels, to the extent constituting Earnings and Insurance Collateral, to be deposited by the respective account debtor in respect of such earnings into the Concentration an Earnings Account maintained for the Borrower from time to time (it being understood that, absent an Event of Default (and, solely with respect to Section 8.07(d), a Default), the Borrower Credit Parties shall have full control of the funds within such Concentration Accountthe Earnings Accounts). Without limiting any Credit Party’s obligations in respect of this Section 7.12, each Credit Party agrees that, in the event it receives any earnings constituting Earnings and Insurance Collateral, or any such earnings are deposited into an account other than in one of the Concentration Accountsan Earnings Account, it shall promptly deposit all such proceeds into the Concentration Account maintained for the Borrower from time to timeEarnings Account.

Deposit of Earnings. Each Credit Party will cause the earnings derived from each of the respective Collateral Vessels, to the extent constituting Earnings and Insurance Collateral, to be deposited by the respective account debtor in respect of such earnings into the Concentration Account maintained for the Borrower from time to time (it being understood that, absent an Event of Default (and, solely with respect to Section 8.07(d), a Default), the Borrower shall have full control of the funds within such the Concentration Account). Without limiting any Credit Party’s obligations in respect of this Section 7.12, each Credit Party agrees that, in the event it receives any earnings constituting Earnings and Insurance Collateral, or any such earnings are deposited into an account other than in one of the Concentration AccountsAccount, it shall promptly deposit all such proceeds into the Concentration Account maintained for the Borrower from time to timeAccount.

Deposit of Earnings. (a) Each Credit Party will cause the earnings derived from each of the respective Collateral Vessels, to the extent constituting Earnings and Insurance Collateral, to be deposited by the respective account debtor in respect of such earnings into the Concentration an Earnings Account maintained for the Borrower from time to time (it being understood that, absent an Event of Default (and, solely with respect to Section 8.07(d), a Default), the Borrower shall have full control of the funds within such Concentration Accountthe Earnings Accounts). Without limiting any Credit Party’s obligations in respect of this Section 7.12, each Credit Party agrees that, in the event it receives any earnings constituting Earnings and Insurance Collateral, or any such earnings are deposited into an account other than in one of the Concentration Accountsan Earnings Account, it shall promptly deposit all such proceeds into the Concentration Account maintained for the Borrower from time to timeEarnings Account.

Deposit of Earnings. Each Credit Party will cause the earnings derived from each of the respective Collateral Vessels, to the extent constituting Earnings and Insurance Collateral, to be deposited by the respective account debtor in respect of such earnings into the Concentration Account maintained for the Borrower from time to time (it being understood that, absent an Event of Default (and, solely with respect to Section 8.07(d), a Default), the Borrower shall have full control of the funds within such the Concentration Account). Without limiting any Credit Party’s obligations in respect of this Section 7.12, each Credit Party agrees that, in the event it receives any earnings constituting Earnings and Insurance Collateral, or any such earnings are deposited other than in one of the Concentration AccountsAccount, it shall promptly deposit all such proceeds into the Concentration Account maintained for the Borrower from time to timeAccount.