Common use of Remittance of Earnings Clause in Contracts

Remittance of Earnings. The Borrower shall procure that all Net Earnings and any Requisition Compensation are paid to the Earnings Account or to such other account(s) as the Agent shall from time to time specify by notice in writing to the Borrower to begin as of no later than 30 June 2006 or such later date as the Banks shall agree.

Appears in 6 contracts

Samples: Loan Facility Agreement (Gulfmark Offshore Inc), First Supplemental Agreement (Gulfmark Offshore Inc), Facility Agreement (Gulfmark Offshore Inc)

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Remittance of Earnings. The Borrower shall procure that all Net Earnings and any Requisition Compensation are paid to the Earnings Account or to such other account(s) as the Agent shall from time to time specify by notice in writing to the Borrower to begin as of no later than 30 June 2006 2008 or such later date as the Banks shall agree.

Appears in 1 contract

Samples: Loan Facility Agreement (Gulfmark Offshore Inc)

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