Location of account. Each Borrower shall promptly: (a) comply with any requirement of the Agent as to the location or re-location of its Earnings Account; and (b) execute any documents which the Agent specifies to create or maintain in favour of the Security Trustee a Security Interest over (and/or rights of set-off, consolidation or other rights in relation to) the Accounts.
Appears in 2 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)
Location of account. Each The Borrower shall promptly:
(a) comply with any requirement of the Agent as to the location or re-location of its the Earnings Account; and
(b) execute any documents which the Agent specifies to create or maintain in favour of the Security Trustee a Security Interest over (and/or rights of set-off, consolidation or other rights in relation to) the AccountsEarnings Account.
Appears in 2 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (B Plus H Ocean Carriers LTD)
Location of account. Each Borrower shall promptly:
(a) comply with any requirement of the Agent as to the location or re-location of its Earnings Account; and
(b) execute any documents which the Agent specifies to create or maintain in favour of the Security Trustee a Security Interest over (and/or rights of set-off, consolidation or other rights in relation to) the Accountsits Earnings Account.
Appears in 2 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)
Location of account. Each The Borrower shall promptly:
(a) comply with any requirement of the Agent as to the location or re-location of its the Earnings Account; and
(b) execute any documents which the Agent specifies to create or maintain in favour of the Security Trustee a Security Interest over (and/or rights of set-off, consolidation or other rights in relation to) the Accounts.
Appears in 1 contract
Location of account. Each The Borrower shall promptly:
(a) comply with any requirement of the Agent as to the location or re-location of its the Earnings Account; and
(b) execute any documents which the Agent reasonably specifies to create or maintain in favour of the Security Trustee a Security Interest over (and/or rights of set-off, consolidation or other rights in relation to) the AccountsEarnings Account.
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
Location of account. Each Borrower shall promptly:
(a) comply with any requirement of the Agent as to the location or re-location of its the Earnings Account; and
(b) execute any documents which the Agent specifies to create or maintain in favour of the Security Trustee a Security Interest over (and/or rights of set-off, consolidation or other rights in relation to) the Accounts.
Appears in 1 contract
Location of account. Each The Borrower shall promptly:
(a) comply with any requirement of the Agent as to the location or re-location of its the Dividend Account, the Earnings Account; and, the Cash Collateral Account and the Retention Account;
(b) execute any documents which the Agent Security Trustee specifies to create or maintain in favour of the Security Trustee a Security Interest over (and/or rights of set-off, consolidation or other rights in relation to) any or all of the AccountsDividend Account, the Earnings Account, the Cash Collateral Account and the Retention Account.
Appears in 1 contract
Samples: Loan and Guarantee Facility Agreement (DryShips Inc.)
Location of account. Each Borrower shall promptly:
(a) : comply with any requirement of the Agent as to the location or re-location of its the Earnings Account; and
(b) and execute any documents which the Agent specifies to create or maintain in favour of the Security Trustee a Security Interest over (and/or rights of set-off, consolidation or other rights in relation to) the Earnings Accounts.
Appears in 1 contract
