Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 (Application of receipts) in respect of:
Appears in 5 contracts
Samples: Facility Agreement (Okeanis Eco Tankers Corp.), Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 29.28 (Application of receipts) in respect of:
Appears in 3 contracts
Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Prospective liabilities. Following enforcement acceleration of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 38.5 (Application of receipts; partial payments) in respect of:
Appears in 3 contracts
Samples: Facilities Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp)
Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing a suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 (Application of receipts) in respect of:
Appears in 2 contracts
Samples: Assignment Agreement (Global Ship Lease, Inc.), Junior Facility Agreement (Global Ship Lease, Inc.)
Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 32.28 (Application of receipts) in respect of:: 136
Appears in 2 contracts
Samples: Banks and Financial Institutions (Okeanis Eco Tankers Corp.), Banks and Financial Institutions (Okeanis Eco Tankers Corp.)
Prospective liabilities. Following enforcement acceleration of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 36.5 (Application of receipts; partial payments) in respect of:
Appears in 2 contracts
Samples: Assignment Agreement (Ardmore Shipping Corp), Humber Shipco LLC (Ardmore Shipping Corp)
Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing a suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 β30.28 (Application of receipts) in respect of:
Appears in 2 contracts
Samples: Assignment Agreement (United Maritime Corp), Assignment Agreement (Seanergy Maritime Holdings Corp.)
Prospective liabilities. Following enforcement of any of the Transaction Security, Security the Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any Recoveries in an a non interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with under Clause 30.28 28.1 (Application Order of receiptsapplication) in respect of:
Appears in 2 contracts
Samples: Agreement (PCGI Intermediate Holdings LTD), Facility Agreement (PCGI Intermediate Holdings LTD)
Prospective liabilities. Following enforcement acceleration of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any s Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 36.5 (Application of receipts; partial payments) in respect of:
Appears in 2 contracts
Samples: Assignment Agreement (Dorian LPG Ltd.), Assignment Agreement (Dorian LPG Ltd.)
Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing a suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 32.28 (Application of receipts) in respect of:
Appears in 2 contracts
Samples: Facility Agreement (United Maritime Corp), Facility Agreement (United Maritime Corp)
Prospective liabilities. Following After enforcement of any of security created by the Transaction SecuritySecurity Documents, the Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any Recoveries in an one or more interest bearing suspense or impersonal account(s) accounts in the name of the Security Agent with such any financial institution (including itselfitself or any other Finance Party) and for so long as the Security Agent shall think thinks fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with under Clause 30.28 34.1 (Application Order of receiptsApplication) in respect of:
Appears in 1 contract
Samples: Credit Agreement (IHS Holding LTD)
Prospective liabilities. Following enforcement of any of the Transaction Security, the The Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 under clause 28.1 (Application Order of receiptsApplication) in respect of:of any amount that the Security Agent reasonably considers might become due or owing to a Secured Party at any time in the future. 105
Appears in 1 contract
Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 31.28 (Application of receipts) in respect of:
Appears in 1 contract
Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing a suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) fit, acting reasonably, for later payment to the Facility Agent for application in accordance with Clause 30.28 29.28 (Application of receipts) in respect of:
Appears in 1 contract
Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 32.28 (Application of receipts) in respect of:
Appears in 1 contract
Prospective liabilities. Following enforcement acceleration of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 39.5 (Application of receipts; partial payments) in respect of:
Appears in 1 contract
Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 31.27 (Application of receipts) in respect of:
Appears in 1 contract
Samples: Agreement (Global Ship Lease, Inc.)
Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 33.28 (Application of receipts) in respect of:
Appears in 1 contract
Prospective liabilities. Following After enforcement of any of security created by the Transaction SecuritySecurity Documents, the Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any Recoveries in an one or more interest bearing suspense or impersonal account(s) accounts in the name of the Security Agent with such any financial institution (including itselfitself or any other Finance Party) and for so long as the Security Agent shall think thinks fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with under Clause 30.28 29.1 (Application Order of receiptsApplication) in respect of:
Appears in 1 contract
Samples: Facility Agreement (IHS Holding LTD)
Prospective liabilities. Following enforcement of any of the Transaction Security, the The Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 under clause 28.1 (Application Order of receiptsApplication) in respect of:of any amount that the Security Agent reasonably considers might become due or owing to a Secured Party at any time in the future.
Appears in 1 contract
Samples: Assignment Agreement (Hamilton Insurance Group, Ltd.)
Prospective liabilities. Following enforcement acceleration of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 34.5 (Application of receipts; partial payments) in respect of:
Appears in 1 contract
Prospective liabilities. Following acceleration or enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 34.5 (Application of receipts; partial payments) in respect of:
Appears in 1 contract
Samples: Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Prospective liabilities. Following enforcement acceleration of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit acting reasonably (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 34.5 (Application of receiptsReceipts β Partial Payments) in respect of:
Appears in 1 contract
Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 30.27 (Application of receipts) in respect of:
Appears in 1 contract
Samples: Assignment Agreement (Euroseas Ltd.)
Prospective liabilities. Following enforcement acceleration of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 28.5 (Application of receipts; partial payments) in respect of:
Appears in 1 contract
Samples: Assignment Agreement (DryShips Inc.)
Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 29.27 (Application of receipts) in respect of:
Appears in 1 contract
Samples: Facility Agreement (Navios South American Logistics Inc.)
Prospective liabilities. Following enforcement of any of the Transaction Security, Security the Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with under Clause 30.28 28.1 (Application Order of receiptsapplication) in respect of:
Appears in 1 contract
Prospective liabilities. Following enforcement of any of the Transaction Security, Security the Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with under Clause 30.28 26.1 (Application Order of receiptsapplication) in respect of:
Appears in 1 contract