No release of accrued interest. Interest accruing under Clause 18.5 shall be credited to the Retention Account but shall not be released to the Borrowers until the end of the Security Period.
Appears in 3 contracts
Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)
No release of accrued interest. Interest accruing under Clause 18.5 19.6 shall be credited to the Retention Account but shall not be released to the Borrowers Borrower until the end of the Security Period.
Appears in 3 contracts
Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)
No release of accrued interest. Interest accruing under Clause 18.5 17.5 shall be credited to the Retention Account and shall be applied towards repayment of the Loan but shall not be released to the Borrowers Borrower until the end of the Security Period.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
No release of accrued interest. Interest accruing arising under Clause 18.5 18.6 shall be credited to the Retention Account Accounts, respectively but shall not be released to the Borrowers until the end of the Security Period.
Appears in 1 contract
Samples: Loan Agreement (Poseidon Containers Holdings Corp.)
No release of accrued interest. Interest accruing arising under Clause 18.5 18.6 shall be credited to the Retention Account but shall not be released to the Borrowers until the end of the Security Period.
Appears in 1 contract
No release of accrued interest. Interest accruing under Clause 18.5 18.6 shall be credited to the Retention Account and the Maintenance Reserve Account but shall not be released to the Borrowers until the end of the Security Period.
Appears in 1 contract
No release of accrued interest. Interest accruing under Clause 18.5 shall be credited to the Retention Account but shall not be released to the Borrowers Borrower until the end of the Security PeriodPeriod unless otherwise agreed between the Borrower and the Agent.
Appears in 1 contract
Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)
