Common use of Payment of outgoings and evidence of payments Clause in Contracts

Payment of outgoings and evidence of payments. procure that each Owner promptly pays all taxes, tolls, dues and other outgoings whatsoever in respect of its Ship and her Earnings and Insurances and to keep proper books of account in respect of its Ship and her Earnings and, as and when the Security Trustee may so require, procure that each Owner makes such books available for inspection on behalf of the Security Trustee, and furnishes satisfactory evidence that the wages and allotments and the insurance and pension contributions of the Master and crew relative to its Ship are being promptly and regularly paid and that all deductions from such crew’s wages in respect of any tax liability are being properly accounted for and that such Master has no claim for disbursements other than those incurred by him in the ordinary course of trading on the voyage then in progress;

Appears in 3 contracts

Samples: Restructuring Agreement (Danaos Corp), Agreement (Danaos Corp), Danaos Corp

AutoNDA by SimpleDocs

Payment of outgoings and evidence of payments. procure that each the Owner promptly pays all taxes, tolls, dues and other outgoings whatsoever in respect of its the Ship and her Earnings and Insurances and to keep proper books of account in respect of its the Ship and her Earnings and, as and when the Security Trustee may so require, procure that each the Owner makes such books available for inspection on behalf of the Security Trustee, and furnishes satisfactory evidence that the wages and allotments and the insurance and pension contributions of the Master and crew relative to its Ship are being promptly and regularly paid and that all deductions from such crew’s wages in respect of any tax liability are being properly accounted for and that such the Master has no claim for disbursements other than those incurred by him in the ordinary course of trading on the voyage then in progress;

Appears in 2 contracts

Samples: Restructuring Agreement (Danaos Corp), Agreement (Danaos Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!