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.
Appears in 7 contracts
Samples: Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Holdings Inc.)
Release of accrued interest. Interest accruing under Clause 18.5 shall be credited to the relevant Account and may be released to the relevant Borrower pursuant to Clause 18.10.
Appears in 6 contracts
Samples: Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Partners L.P.)
Release of accrued interest. Interest accruing under Clause 18.5 shall be credited to the relevant Account and may but shall not be released to the Borrower pursuant until the irrevocable and unconditional payment of any and all Secured Liabilities (other than in respect of the Earnings Account which shall be available to the Borrower subject to the terms and conditions of Clause 18.10).
Appears in 3 contracts
Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)
Release of accrued interest. Interest accruing under Clause 18.5 shall be credited to the relevant Account and may be released to the a Borrower pursuant to Clause 18.10.
Appears in 2 contracts
Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Castor Maritime Inc.)
Release of accrued interest. Interest accruing under Clause 18.5 (Interest accrued on the Accounts) shall be credited to the relevant Account and may be released to the Borrower relevant Owner pursuant to Clause 18.1018.10 (Restriction on withdrawal).
Appears in 2 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition Corp)
Release of accrued interest. Interest accruing under Clause 18.5 (interest accrued on the Accounts) shall be credited to the relevant Account and may be released to the a Borrower pursuant to Clause 18.1018.10 (Restriction on withdrawal).
Appears in 1 contract
Release of accrued interest. Interest accruing under Clause 18.5 (Interest accrued on the Accounts) shall be credited to the relevant Account and may be released to the Borrower pursuant to Clause 18.1018.10 (Restriction on withdrawal).
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Release of accrued interest. Interest accruing under Clause 18.5 18.9 shall be credited to the relevant Liquidity Account and may be released to the Borrower Borrowers pursuant to Clause 18.1018.7.
Appears in 1 contract
