Common use of Payment of Earnings and Swap Payments Clause in Contracts

Payment of Earnings and Swap Payments. Each Borrower undertakes with each Creditor Party to ensure that, throughout the Security Period (and subject only to the provisions of the General Assignment applicable to its Ship), all the Earnings of the Ship owned by it are paid to the Earnings Account of that Borrower.

Payment of Earnings and Swap Payments. Each The Borrower undertakes with each Creditor Party to ensure that, throughout the Security Period (and subject only to the provisions of the relevant General Assignment applicable to its ShipAssignments), all the Earnings of the each Ship owned by it are paid to the Earnings Account of for that BorrowerShip.

Payment of Earnings and Swap Payments. Each Borrower undertakes with each Creditor Party to ensure that, throughout the Security Period (and subject only to the provisions of the relevant General Assignment applicable to its Ship), Assignment) all the Earnings of the Ship owned by it are paid to the Earnings Account of that Borrowerapplicable thereto.

Payment of Earnings and Swap Payments. Each Borrower undertakes with each Creditor Party to ensure that, throughout the Security Period (and subject only to the provisions of the General Assignment applicable to its ShipAssignment), all the Earnings of the Ship owned by it are paid to the Earnings Account of for that BorrowerShip, and all payments by the Swap Banks to the Borrowers under each Designated Transaction are paid to an Earnings Account.

Payment of Earnings and Swap Payments. Each The Borrower undertakes with each Creditor Party to ensure that, throughout the Security Period (and subject only to the provisions of the General Assignment applicable to its Ship), Assignment) all the Earnings of the Ship owned by it Ship, Requisition Compensation and proceeds of any insurances are paid to the Earnings Account of that BorrowerAccount, and all payments by the Swap Bank to the Borrower under each Designated Transaction are paid to the Earnings Account.