Payment of Earnings. The Borrower and each of the Guarantors, as the case may be, undertakes with each Creditor Party to ensure that subject only to the provisions of any Charter Assignment or Earnings Assignment, all Earnings of each Ship are paid to the Earnings Account.
Appears in 2 contracts
Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Payment of Earnings. The Borrower and each Each of the GuarantorsBorrowers and the Guarantor, as the case may be, undertakes with each Creditor Party to ensure that subject only to the provisions of any Charter Assignment or Earnings Assignment, all Earnings of each Ship are paid to the relevant Earnings Account.
Appears in 2 contracts
Samples: Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Payment of Earnings. The Borrower and each Each of the GuarantorsBorrowers and the Guarantor, as the case may be, undertakes with each Creditor Party to ensure that subject only to the provisions of any Charter Assignment or Earnings Assignment, all Earnings of each Ship are paid to the Earnings AccountAccount for such Ship.
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Payment of Earnings. The Borrower and each of the Guarantors, as the case may be, Guarantors undertakes with each Creditor Party to ensure that subject only to the provisions of any Charter Assignment or Earnings Assignment, all of the Earnings of each Ship Collateral Vessel are paid to the relevant Earnings Account.
Appears in 1 contract
Payment of Earnings. The Borrower and each of the Guarantors, as the case may be, Guarantors undertakes with each Creditor Party to ensure that subject only to the provisions of any Charter Assignment or Earnings Assignment, all of the Earnings of each Ship Collateral Vessel are paid to the Earnings Account.
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