Payment of Earnings. Each Borrower shall ensure that subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the Ship owned by it are paid in to its Earnings Account.
Appears in 5 contracts
Samples: Facility Agreement (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.)
Payment of Earnings. Each Borrower shall ensure that that:
(a) subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the Ship owned by it are paid in to into its Earnings Account; and
(b) all Hedge Receipts are paid into the Earnings Account.
Appears in 2 contracts
Samples: Facility Agreement (Okeanis Eco Tankers Corp.), Facility Agreement (Okeanis Eco Tankers Corp.)
Payment of Earnings. Each Borrower shall ensure that that, subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the its Ship owned by it are paid in to its Earnings Account.
Appears in 2 contracts
Samples: Facility Agreement (United Maritime Corp), Term Loan Facility (Seanergy Maritime Holdings Corp.)
Payment of Earnings. Each Borrower shall ensure that that, subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the its Ship owned by it are paid in to into its Earnings Account.
Appears in 2 contracts
Samples: Term Loan Facility (United Maritime Corp), Facility Agreement (United Maritime Corp)
Payment of Earnings. Each Borrower shall ensure that that, subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the Ship owned by it are paid in to its Earnings Account.
Appears in 2 contracts
Samples: Term Loan Facility (Diana Shipping Inc.), Term Loan Facility (Global Ship Lease, Inc.)
Payment of Earnings. Each Borrower shall ensure that that:
(a) subject only to the provisions of the General Assignment and the any Supplemental General Assignment to which it is a party, all the Earnings in respect of the Ship owned by it are paid in to its Earnings Account; and
(b) all Hedge Receipts are paid in to its Earnings Account.
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Payment of Earnings. Each Borrower shall ensure that subject only to the provisions of the General and Charterparty Assignment to which it is a party, all the Earnings in respect of the that Ship owned by it are paid in to its Earnings Account.; and
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Samples: Term Loan Facility Agreement (Castor Maritime Inc.)
Payment of Earnings. (a) Each Borrower shall ensure that that:
(i) subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the Ship owned by it are paid in to its Earnings Account; and
(ii) all Hedge Receipts are paid in to its Earnings Account.
(b) Each Borrower shall ensure that as from the relevant Delivery Date and at all times thereafter there is standing to the credit of its Earnings Account an amount of no less than $500,000.
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Payment of Earnings. Each Borrower shall ensure that that, subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the Ship owned by it are paid in to its Earnings AccountAccount and no set off rights will be granted by any Borrower to the Account Bank.
Appears in 1 contract
Samples: Facility Agreement (Seanergy Maritime Holdings Corp.)
Payment of Earnings. Each Borrower shall ensure that that, subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the Ship Vessel owned by it are paid in to its Earnings Account.
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Payment of Earnings. Each Borrower shall ensure that that,
(a) subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the Ship owned by it are paid in to its Earnings Account; and
(b) the relevant Hedge Receipts are paid in to its Earnings Account.
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Payment of Earnings. Each The Borrower shall ensure that subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the Ship owned by it are paid in to its Earnings Account.
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Payment of Earnings. Each Borrower shall ensure that subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the Ship owned by it are paid in to its Earnings Account.; and
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Payment of Earnings. Each Borrower shall ensure that subject only to the provisions of the a Tripartite Assignment or General Assignment to which it is a party, all the Earnings in respect of the Ship owned by it are paid in to its Earnings Account.
Appears in 1 contract
Samples: Term Loan Facility (Navios South American Logistics Inc.)
Payment of Earnings. Each Borrower shall ensure that subject only to the provisions of the General Assignment or, as the case may be, Deed of Covenant to which it is a party, all the Earnings in respect of the Ship owned by it are paid in to its Earnings Account.
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Payment of Earnings. Each Borrower shall ensure that that,
(a) subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the Ship owned by it are paid in to its Earnings Account; and
(b) all payments by a Hedge Counterparty to that Borrower under a Hedging Agreement are paid to the Earnings Account.
Appears in 1 contract
Samples: Term and Accordion Facilities Agreement (Ardmore Shipping Corp)
Payment of Earnings. Each Borrower shall ensure that that:
(a) subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the Ship owned by it are paid to its Earnings Account; and
(b) all Hedge Receipts in respect of the Ship owned by it are paid to its Earnings Account.
Appears in 1 contract
