Payment of Dividends and Interest. Any dividends, interest or other moneys or property hereby charged which may be received by the Shareholder after the power of sale under clause 7.1 has arisen shall be held in trust for the Pledgee and paid or delivered to the Pledgee on demand in writing for application in accordance with clause 5.2.
Appears in 4 contracts
Samples: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.)
Payment of Dividends and Interest. Any dividends, interest or other moneys or property hereby charged which may be received by the Shareholder after the power of sale under clause 7.1 has arisen shall be held in trust for the Pledgee Chargee and paid or delivered to the Pledgee Chargee on demand in writing for application in accordance with clause 5.2.
Appears in 1 contract
Samples: Second Supplemental Agreement (Seanergy Maritime Holdings Corp.)
Payment of Dividends and Interest. Any dividends, interest or other moneys or property hereby charged which may be received by the Shareholder after the power of sale under clause 7.1 (Enforcement) has arisen shall be held in trust for the Pledgee Bank and paid or delivered to the Pledgee Bank on demand in writing for application in accordance with clause 5.25.2 (Dividend rights).
Appears in 1 contract
Samples: On Delivery Facility Agreement (Paragon Shipping Inc.)
