Common use of Earnings Clause in Contracts

Earnings. Provided no Event of Default has occurred (following which the Agent shall (inter alia) be entitled to request the Borrower to give notice pursuant to clause 3 of the Earnings Assignment and apply such Earnings in accordance with Clause 12.1) such Earnings shall throughout the Security Period be at the free disposal of the Borrower.

Appears in 15 contracts

Samples: Secured Loan Agreement (NCL CORP Ltd.), Secured Loan Agreement (NCL CORP Ltd.), Eighth Supplemental Deed to Secured Loan Agreement (NCL CORP Ltd.)

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Earnings. Provided no Event of Default has occurred (following which the Agent shall (inter alia) be entitled to request the Borrower Owners to give notice pursuant to clause 3 4 of the Earnings Assignment Assignments and apply such the Earnings in accordance with Clause 12.113.2) such the Earnings shall throughout the Security Period be at the free disposal of the BorrowerOwners.

Appears in 6 contracts

Samples: Revolving Loan Facility Agreement (NCL CORP Ltd.), Revolving Loan Facility Agreement (NCL CORP Ltd.), Loan Agreement (NCL CORP Ltd.)

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Earnings. Provided no Event of Default has occurred (following which the Agent shall (inter alia) be entitled to request the Borrower Owners to give notice pursuant to clause Clause 3 of the Earnings Assignment Assignments and apply such the Earnings in accordance with Clause 12.114.1) such the Earnings shall throughout the Security Period be at the free disposal of the BorrowerOwners.

Appears in 1 contract

Samples: Secured Loan Facility Agreement (NCL CORP Ltd.)

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