Release of surplus. Any Earnings remaining to the credit of the Earnings Account following the making of any transfer to the Retention Account required by Clause 10.5 (Transfers to Retention Account), shall (unless an Event of Default shall have occurred and be continuing) be released to or to the order of the Borrower.”; and
Appears in 2 contracts
Samples: First Supplemental Agreement (DHT Holdings, Inc.), First Supplemental Agreement (DHT Holdings, Inc.)
Release of surplus. Any Earnings amount remaining to the credit of the Earnings Account following the making of any transfer to the Retention Account required by Clause 10.5 (Transfers to Retention 10.4 {Application of Earnings Account), ) shall (unless an Event of a Default shall have occurred and be continuing) be released to or to the order of the Borrower.”; and
Appears in 1 contract
Samples: Loan Agreement (Top Ships Inc.)
Release of surplus. Any Earnings amount remaining to the credit of the Earnings Account following the making of any transfer to the Retention Account transfers required by Clause 10.5 16.4 (Transfers to Retention Account), ) shall (unless an Event of Default shall have occurred and be is continuing) be released to or to the order of the Borrower.”; and
Appears in 1 contract
Samples: Amending and Restating Agreement (DHT Holdings, Inc.)
Release of surplus. Any Earnings amount remaining to the credit of the Earnings Account after compliance with Clause 10.1 and following the making of any transfer to the Retention Account transfers and retentions required by Clause 10.5 (Transfers 10.3 shall subject to Retention Account), shall (Clause 5.9 and unless a Potential Event of Default or an Event of Default shall have occurred and be continuing) , be released to or to the order of the Borrower.”; and
Appears in 1 contract
Samples: Loan Agreement (DHT Holdings, Inc.)
