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.
Appears in 2 contracts
Samples: Facility Agreement (Okeanis Eco Tankers Corp.), Facility Agreement (Okeanis Eco Tankers Corp.)
Release of accrued interest. Interest accruing under Clause 27.7 25.7 (Interest accrued on Retention the Debt Service Reserve Account) shall be credited to the Retention Debt Service Reserve Account and, to the extent not applied previously pursuant to Clause 27.6 25.6 (Application of retentions), shall be released to the Borrowers Borrower at the end of the Security Period.
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Release of accrued interest. Interest accruing under Clause 27.7 25.6 (Interest accrued on Retention Account) shall be credited to the Retention Account and, to the extent not applied previously pursuant to Clause 27.6 25.5 (Application of retentions), shall be released to the Borrowers at the end of the Security Period.
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Release of accrued interest. Interest accruing under Clause 27.7 26.5 (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), and shall be released to the Borrowers Borrower at the end of the Security Period.
Appears in 1 contract
Samples: Addendum to First Preferred Marshall Islands Mortgage (Ocean Rig UDW Inc.)
