Common use of Payment of Earnings Clause in Contracts

Payment of Earnings. The relevant Owner’s Earnings from the Ship shall be paid in accordance with clause 27.1 (Earnings Account) unless required to be paid to the Agent pursuant to the General Assignment for that Ship. If any Earnings are held by brokers or other agents, they shall be paid to the Agent, if it requires this after the Earnings have become payable to it under the Ship’s General Assignment for that Ship.

Appears in 3 contracts

Samples: Supplemental Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.)

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Payment of Earnings. The relevant Owner’s Earnings from the Ship shall be paid in accordance with clause 27.1 28.1 (Earnings Account) unless required to be paid to the Security Agent pursuant to the General Assignment for that Ship. If any Earnings are held by brokers or other agents, they shall be paid to the Agent, if it requires this after the Earnings have become payable to it under the Ship’s General Assignment for that Ship.

Appears in 1 contract

Samples: Facility Agreement (Navigator Holdings Ltd.)

Payment of Earnings. The relevant Owner’s Earnings from the Ship shall be paid in accordance with clause 27.1 28.1.2 (Earnings Account) unless required to be paid to the Agent pursuant to the Ship’s General Assignment for that Shipor Deed of Covenant. If any Earnings are held by brokers or other agents, they shall be paid to the Agent, if it requires this after the Earnings have become payable to it under the Ship’s General Assignment for that ShipAssignment.

Appears in 1 contract

Samples: Loan Facility Agreement (Navigator Holdings Ltd.)

Payment of Earnings. The relevant Owner’s Earnings from the Ship shall be paid in accordance with clause 27.1 (Earnings Account) unless required to be paid to the Security Agent pursuant to the General Assignment for that Ship. If any Earnings are held by brokers or other agents, they shall be paid to the Agent, if it requires this after the Earnings have become payable to it under the Ship’s General Assignment for that Ship.

Appears in 1 contract

Samples: Loan Agreement (Navigator Holdings Ltd.)

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Payment of Earnings. The relevant Owner’s 's Earnings from the Ship shall be paid in accordance with clause 27.1 28.1 (Earnings Account) unless required to be paid to the Security Agent pursuant to the General Assignment for that Ship. If any Earnings are held by brokers or other agents, they shall be paid to the Agent, if it requires this after the Earnings have become payable to it under the Ship’s 's General Assignment for that Ship.

Appears in 1 contract

Samples: Facility Agreement (Navigator Holdings Ltd.)

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