Release of accrued interest. Interest accruing under Clause 18.5 shall be released to the Borrower on each interest payment date unless an Event of Default or a Potential Event of Default has occurred or the then credit balance on the Retention Account is less than what would have been the balance had the full amount required by Clause 18.2 (and Clause 18.3, if applicable) been transferred in that and each previous month.
Release of accrued interest. Interest accruing under Clause 18.5 shall be credited to the relevant Account and may be released to the Borrower pursuant to Clause 18.10.
Release of accrued interest. Interest accruing under Clause 17.3 shall be freely available to the Borrowers.
Release of accrued interest. Interest accruing under Clause 27.7 (Interest accrued on Retention Account) shall be credited to the Retention Account and, to the extent not applied previously pursuant to Clause 27.6 (Application of retentions), shall be released to the Borrowers at the end of the Security Period.
Release of accrued interest. Interest accruing under Clause 16.3 shall be freely available to the Borrower.
Release of accrued interest. Interest accruing under Clause 17.3 shall be credited to the Earnings Account monthly unless an Event of Default or Potential Event of Default has occurred.
Release of accrued interest. Interest accruing under Clause 24.3 (Interest accrued on Cash Reserve Account) shall be credited to the Cash Reserve Account and shall be released to the Guarantor provided that no Event of Default is continuing.
Release of accrued interest. The Escrow Agent shall distribute to Bio Dental, within five (5) days after the end of each calendar quarter, an amount equal to 100% of all amounts earned on the Escrow Funds in the Escrow Account. All earnings on the Escrow Funds prior to the time they are disbursed will, for all purposes of this Escrow Agreement, be treated as Escrow Funds, and will be released according to the terms of this Section 4.
Release of accrued interest. In the case of the Earnings Account relative to the Primary Ship, interest accruing under Clause 17.2 shall be freely available to the relevant Owner.
Release of accrued interest. Prior to the second anniversary of the Closing Date, the Escrow Agent shall distribute to Sellers within five days after the end of each calendar quarter, an amount equal to 40% of all amounts earned on funds in the Tax Claim Escrow Account and the General Escrow Account (other than earnings which are exempt from federal income taxes, which will be retained by the Escrow Agent); provided, however, that all of such disbursements shall be made from the General Escrow Account. After the second anniversary of the Closing Date, earnings on the Escrow Funds will not be so disbursed, but will be added to the Escrow Funds. All earnings on the Escrow Funds prior to the time they are disbursed will, for all purposes of this Escrow Agreement, be treated as Escrow Funds, and will be released according to the terms of Section 4(a), (b) or (c), as appropriate.
