Earnings Accounts. The Borrower shall procure that the Collateral Owners maintain the Earnings Accounts with the Account Holders for the duration of the Facility Period free of Encumbrances and rights of set off other than those created by or under the Finance Documents.
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Samples: www.lw.com, Teekay Offshore Partners L.P.
Earnings Accounts. The Borrower Borrowers shall procure that the Collateral Owners maintain the Earnings Accounts with the Account Holders Holder for the duration of the Facility Period free of Encumbrances and rights of set off other than those created by or under the Finance Documents.
Appears in 2 contracts
Samples: Management Agreement (Diana Shipping Inc.), Diana Shipping Inc.
Earnings Accounts. The Borrower Borrowers shall procure that the Collateral Owners shall maintain the Earnings Accounts with the Account Holders Holder for the duration of the Facility Period free of Encumbrances and rights of set off other than those created by or under the Finance DocumentsDocuments and the applicable Collateral Loan Agreement.
Appears in 1 contract
Samples: DryShips Inc.