Common use of Income Collected and Expenses Paid on Behalf of Owners Clause in Contracts

Income Collected and Expenses Paid on Behalf of Owners. (a) Except as provided in Sub-clause 11(c) all monies collected by the Managers under the terms of this Agreement (other than monies payable by the Owners to the Managers) and any interest thereon shall be held to the credit of the Owners in a separate bank account.

Appears in 11 contracts

Samples: Okeanis Eco Tankers Corp., Okeanis Eco Tankers Corp., Master Agreement (Scorpio Tankers Inc.)

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Income Collected and Expenses Paid on Behalf of Owners. (a) Except as provided in Sub-clause 11(c) all All monies collected by the Managers under the terms of this Agreement (other than monies payable by the Owners to the Managers) and any interest thereon shall be held to the credit of the Owners in a separate bank account.

Appears in 2 contracts

Samples: Form of Supervision Agreement (Global Ship Lease, Inc.), Global Ship Lease, Inc.

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Income Collected and Expenses Paid on Behalf of Owners. (a) Except as provided in Sub-clause 11(c11 (c) all monies collected by the Managers under the terms of this Agreement (other than monies payable by the Owners to the Managers) (if any) and any interest thereon shall be held to the credit of the Owners in a separate bank account.

Appears in 1 contract

Samples: Master Agreement (Scorpio Tankers Inc.)

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