Restrictions on withdrawal. Despite any term to the contrary in relation to any deposit or credit balance at any time on any account of the Borrower with any of the Lender Finance Parties, no such deposit or balance shall be repayable or capable of being assigned, mortgaged, charged or otherwise disposed of or dealt with by the Borrower in question after an Event of Default has occurred and while such Event of Default is continuing unremedied or unwaived, but any Lender Finance Party may from time to time permit the withdrawal of all or any part of any such deposit or balance without affecting the continued application of this clause. Provided always that this clause 11.3 shall not apply to the Distribution Account or any credit balance therein.
Appears in 4 contracts
Samples: Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)
