Common use of PAYMENTS UNDER THE CHARTER Clause in Contracts

PAYMENTS UNDER THE CHARTER. The Charterer shall pay all amounts payable by it to the Guarantor under the Charter in the manner required by the Charter directly into the account specified on Exhibit A hereto, or to such other person or account as shall be specified from time to time by the Security Agent to the Charterer in writing in accordance with Article 4.1. Should the Charterer receive a notice from the Security Agent asking the Charterer to make payments to an alternative account in accordance with this Article 2, the Guarantor shall pay to the Charterer any net increase in payment costs incurred by the Charterer as a result of making such payments into such alternative account.

PAYMENTS UNDER THE CHARTER. The Charterer shall pay all amounts due and payable by it to the Guarantor Borrower under the Charter in the manner required by the Charter directly into the account specified on in Exhibit A hereto, or to such other person or account as shall be specified from time to time by the Security Agent Trustee to the Charterer in writing in accordance with Article 4.1. Should the Charterer receive a notice from the Security Agent Trustee asking the Charterer to make payments to an alternative account in accordance with this Article 2, the Guarantor Borrower shall pay to the Charterer any net increase in payment costs incurred by the Charterer as a result of making such payments into such alternative account.

PAYMENTS UNDER THE CHARTER. The Charterer shall pay all amounts payable by it to the Guarantor Borrower under the Charter in the manner required by the Charter directly into the account specified on Exhibit A hereto, or to such other person or account as shall be specified from time to time by the Security Agent Trustee to the Charterer in writing in accordance with Article 4.1. Should the Charterer receive a notice from the Security Agent Trustee asking the Charterer to make payments to an alternative account in accordance with this Article 2, the Guarantor Borrower shall pay to the Charterer any net increase in payment costs incurred by the Charterer as a result of making such payments into such alternative account.