Common use of Maintenance of Retention Account Clause in Contracts

Maintenance of Retention Account. The Borrower shall maintain the Retention Account with the Account Bank until the Final Maturity Date, free of Security Interests and rights of set-off other than as created by or pursuant to the Security Documents.

Appears in 5 contracts

Samples: Credit Facility Agreement, Credit Facility Agreement (Seaspan CORP), Credit Facility Agreement (Seaspan CORP)

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Maintenance of Retention Account. The Borrower shall maintain the Retention Account with the Account Bank until the Revolving Credit Final Maturity Date, free of Security Interests and rights of set-off other than as created by or pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit Facility (Seaspan CORP)

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