Common use of Payment of Earnings Clause in Contracts

Payment of Earnings. The Borrower undertakes with each Creditor Party to ensure that throughout the Security Period (subject only to provisions of the relevant General Assignment), all the Earnings of each Ship are paid to the Earnings Account for that Ship.

Payment of Earnings. The Each Borrower undertakes with each Creditor Party the Lender to ensure that that, throughout the Security Period (and subject only to the provisions of the relevant General AssignmentAssignments), all the Earnings of in relation to each Ship are paid to the Earnings Account for in respect of that Ship.

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

Payment of Earnings. The Borrower undertakes with each Creditor Party the Lender to ensure that that, throughout the Security Period (subject only to the provisions of the relevant General Assignment), all the Earnings of each the Ship are paid to the Earnings Account for that ShipAccount.

Payment of Earnings. The Borrower undertakes with each Creditor Party the Lender to ensure that that, throughout the Security Period (and subject only to the provisions of the relevant General AssignmentAssignments), all the Earnings of relating to each Ship are paid to the Earnings Account for that ShipOperating Account.

Payment of Earnings. The Borrower undertakes with each Creditor Party the Lender to ensure that that, throughout the Security Period (subject only to the provisions of the relevant General Assignment), all the Earnings of each the Ship are paid to the Earnings Account for that ShipAccount.

Payment of Earnings. The Borrower undertakes with each Creditor Party the Lender to ensure that that, throughout the Security Period (subject only to the provisions of the relevant General AssignmentAssignments), all the Earnings of each the Ship are paid to the Earnings Account for that ShipAccount.

Payment of Earnings. The Borrower undertakes with each Creditor Party the Lender to ensure that that, throughout the Security Period (subject only to the provisions of the relevant General AssignmentAssignments), all the Earnings of each a Ship are paid to the Earnings Account for that Ship.

Payment of Earnings. The Each Borrower undertakes with each Creditor Party to ensure that that, throughout the Security Period (and subject only to the provisions of the relevant General AssignmentAssignment to which that Borrower is a party), all the Earnings of each the Ship owned by that Borrower are paid to the Earnings Account for that Ship.

Payment of Earnings. The Borrower undertakes with each Creditor Party to ensure that that, throughout the Security Period (and subject only to the provisions of the relevant General AssignmentAssignments), all the Earnings of each Ship are paid to the Earnings Account for that ShipAccount.

Payment of Earnings. The Borrower undertakes with each Creditor Party the Lender to ensure that that, throughout the Security Period (subject only to the provisions of the relevant General AssignmentAssignments), all the Earnings of each a Ship are paid to the Earnings Account for that Ship, (or at the option of the Borrower to the Danaos Earnings Account).

Payment of Earnings. The Borrower undertakes with each Creditor Party the Lender to ensure that that, throughout the Security Period (and subject only to the provisions of the relevant General Assignment), all the Earnings of each the Ship are paid to the Earnings Account for that ShipAccount.

Payment of Earnings. The Borrower undertakes with each Creditor Party to ensure that throughout the Security Period Period: (a) (subject only to the provisions of the relevant General Assignment), ) all the Earnings of each Ship are paid to the Earnings Account for in the name of that Owner owning that Ship; and (b) all payments by the Swap Bank to the Borrower under each Designated Transaction are paid to the Retention Account.

Payment of Earnings. The Borrower undertakes with each Creditor Party the Lender to ensure that that, throughout the Security Period (and subject only to the provisions of the relevant General AssignmentAssignments), all the Earnings of in relation to each Ship are paid to the Earnings Account for in respect of that Ship.

Payment of Earnings. The Borrower undertakes with each Creditor Party to ensure that that, throughout the Security Period (and subject only to the provisions of the relevant General AssignmentAssignments), all the Earnings of each a Ship are paid to the Earnings Account for that Ship.

Payment of Earnings. The Borrower undertakes with each Creditor Party to ensure that throughout the Security Period Period: (a) (subject only to provisions of the relevant General Assignment), all the Earnings of each Ship are paid to the Earnings Account for that Ship; and (b) all payments by the Swap Bank to a Borrower under a Designated Transaction are paid to the Swap Account.

Payment of Earnings. The Each Borrower undertakes with each Creditor Party to ensure that that, throughout the Security Period Period: (a) (and subject only to the provisions of the relevant General Assignment), Assignments) all the Earnings of each the Ship owned by it are paid to the Earnings Account for that Ship; and (b) all payments by the Swap Bank to the Borrowers under each Designated Transaction are paid to the Earnings Accounts (or any of them).

Payment of Earnings. The Borrower undertakes with each Creditor Party to ensure that that, throughout the Security Period (and subject only to the provisions of the relevant General AssignmentAssignments and the Charter Assignments), all the Earnings of each Ship are paid to the Earnings Account for that Ship.

Payment of Earnings. The Each Borrower undertakes with each Creditor Party the Lender to ensure that that, throughout the Security Period (and subject only to the provisions of the relevant General AssignmentAssignments), all the Earnings of in relation to each Ship are paid to the Earnings Account for in respect of that Ship.

Payment of Earnings. The Each Borrower undertakes with each Creditor Party to ensure that that, throughout the Security Period (subject only to the provisions of the relevant General Assignment), all the Earnings of each Ship are paid to the Earnings Account for that Ship.

Payment of Earnings. The Borrower undertakes with each Creditor Party to ensure that throughout the Security Period Period: (a) (subject only to provisions of the relevant General Assignment), all the Earnings of each Ship are paid to the Earnings Account for that Ship; and (b) all payments by a Swap Bank to a Borrower under a Designated Transaction are paid to the Retention Account.

Payment of Earnings. The Borrower undertakes with each Creditor Party the Lender to ensure that throughout the Security Period (subject only to provisions of the relevant General Assignment), all the Earnings of each the Ship are paid to the Earnings Account for that ShipAccount.

Payment of Earnings. The Borrower undertakes with each Creditor Party the Lender to ensure that that, throughout the Security Period (and subject only to the provisions of the relevant General AssignmentAssignments), all the Earnings of each Ship are paid to the Earnings Account for that ShipOperating Account.

Payment of Earnings. The Borrower undertakes with each Creditor Party to ensure that that, throughout the Security Period (subject only to the provisions of the relevant General Assignment), all the Earnings of each Ship are paid to the Earnings Account for that Ship.

Payment of Earnings. The Borrower undertakes with each Creditor Party to ensure that that, throughout the Security Period (subject only to the provisions of the relevant Mortgages and the General AssignmentAssignments), all the Earnings in respect of each a Ship are paid to the Earnings Account for that applicable to the Guarantor which is the owner of such Ship.;

Payment of Earnings. The Each Borrower undertakes with each Creditor Party to ensure that that, throughout the Security Period (and subject only to the provisions of the relevant General Assignment), Assignments) all the Earnings of each the Ship owned by it (including but not limited to any sale and/or insurance proceeds) are paid to the Earnings Account for that Ship.

Payment of Earnings. The Borrower undertakes with each Creditor Party to ensure that that, throughout the Security Period (and subject only to the provisions of the relevant General Assignment), all the Earnings of each the Ship are paid to the Earnings Account for that ShipAccount.

Payment of Earnings. The Borrower undertakes with each Creditor Party to ensure that throughout the Security Period Period: (a) (subject only to provisions of the relevant General Assignment), all the Earnings of each the Ship are paid to the Earnings Account for that ShipAccount; and (b) all payments by a Swap Bank to the Borrower under a Designated Transaction are paid to the Earnings Account.

Payment of Earnings. The Borrower Borrowers undertakes with each Creditor Party to ensure that throughout the Security Period (subject only to the provisions of the relevant General any Charter Assignment or Earnings Assignment), all of the Earnings of each Ship are paid to the Earnings Account for that such Ship.

Payment of Earnings. The Borrower undertakes with each Creditor Party to ensure that that, throughout the Security Period (and subject only to the provisions of the relevant General AssignmentAssignments), all the Earnings of each Ship are paid to the Earnings Account for that Ship.

Payment of Earnings. The Borrower undertakes with each Creditor Party the Lender to ensure that throughout the Security Period (subject only to provisions of the relevant each General Assignment), all the Earnings of each Ship are paid to the Earnings Account for that Ship.

Payment of Earnings. The Each Borrower undertakes with each Creditor Party the Lender to ensure that that, throughout the Security Period (and subject only to the provisions of the relevant General AssignmentAssignment to which it is a party), all the Earnings of each the Ship owned by it are paid to the Earnings Account for that Ship.

Payment of Earnings. The Borrower undertakes with each Creditor Party to ensure that that, throughout the Security Period it will ensure that (subject only to the provisions of the relevant General AssignmentAssignments), all the Earnings of each Mortgaged Ship are paid to the Owner’s Earnings Account for that Shiprelative to such Ship or, at the option of the Borrower, to the Danaos Earnings Account.

Payment of Earnings. The Each Borrower undertakes with each Creditor Party the Lender to ensure that that, throughout the Security Period (subject only to the provisions of the relevant General Assignment), all the Earnings of each a Ship are paid to the Earnings Account for that Ship.

Payment of Earnings. The Borrower undertakes with each Creditor Party to ensure that that, throughout the Security Period (subject only to the provisions of the relevant Mortgages and the General AssignmentAssignments), all the Earnings in respect of each a Ship are paid to the Earnings Account for that applicable to the Guarantor or Collateral Guarantor which is the owner of such Ship.;

Payment of Earnings. The Each Borrower undertakes with each Creditor Party to ensure that that, throughout the Security Period (subject only to the provisions of the relevant Mortgages and the General AssignmentAssignments), all the Earnings in respect of each a Ship are paid to the Earnings Account for that applicable to the Guarantor which is the owner of such Ship.;

Payment of Earnings. The Each Borrower undertakes with each Creditor Party to ensure that that, commencing from the first Drawdown Date and throughout the Security Period (subject only to the provisions of the relevant General AssignmentAssignment to which that Borrower is a party), all the Earnings of each the Ship owned by it are paid to the Earnings Account for that Ship.

Payment of Earnings. The Borrower undertakes with each Creditor Party the Lender to ensure that that, throughout the Security Period (subject only to the provisions of the relevant General AssignmentAssignments), all the Earnings of each a Ship are paid to the Earnings Account for relevant to that Ship.

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

Payment of Earnings. The Each Borrower undertakes with each Creditor Party to ensure that that, throughout the Security Period (and subject only to the provisions of the relevant General Assignment), Assignments) all the Earnings of each the Ship are paid owned by it (including but not limited to the Earnings Account for that Ship.any sale and/or insurance

Payment of Earnings. The Borrower undertakes with each Creditor Party to ensure that that, throughout the Security Period (and subject only to the provisions of the relevant General AssignmentAssignments), all the Earnings of each Ship are paid to the Earnings Account for that relative to such Ship.

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

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

Payment of Earnings. The Borrower undertakes with each Creditor Party the Lender to ensure that throughout the Security Period Period: (a) (subject only to provisions of the relevant General Assignment), all the Earnings of each Ship are paid to the Earnings Account for that Ship; and (b) transfers and withdrawals may only be made from any Earnings Account to pay the operating expenses of the relevant Ship.

Payment of Earnings. The Borrower undertakes with each Creditor Party to ensure that throughout the Security Period Period: (a) (subject only to provisions of the relevant General Assignment), all the Earnings of each Ship are paid to the Earnings Account for that Ship; and (b) transfers and withdrawals may only be made from any Earnings Account to pay the operating expenses of the relevant Ship.

Payment of Earnings. The Each Borrower undertakes with each Creditor Party the Lender to ensure that that, throughout the Security Period (and subject only to the provisions of the relevant General AssignmentDeeds of Covenant), all the Earnings of each the Ship owned by it are paid to the relevant Earnings Account for that ShipAccount.