Common use of Shortfall in Earnings Clause in Contracts

Shortfall in Earnings. If the aggregate Earnings received in each Earnings Account are insufficient at any time for the required amount to be transferred to the Retention Account under Clause 18.2, the Borrowers shall immediately pay the amount of the insufficiency into the Retention Account.

Appears in 6 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Partners L.P.)

AutoNDA by SimpleDocs

Shortfall in Earnings. If the aggregate Earnings received in each the Earnings Account Accounts are insufficient at any time for the required amount to be transferred to the Retention Account under Clause 18.2, the Borrowers Borrower shall immediately pay the amount of the insufficiency into the Retention Account.

Appears in 5 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Shortfall in Earnings. If the aggregate Earnings received in each the Earnings Account are insufficient at any time for the required amount to be transferred to the Retention Account under Clause 18.2, the Borrowers Borrower shall immediately pay the amount of the insufficiency into the Retention Account.

Appears in 4 contracts

Samples: Amending and Restating Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Holdings Inc.)

Shortfall in Earnings. If the aggregate Earnings received in each the Earnings Account are is insufficient at any time for the required amount to be transferred to the Retention Account under Clause 18.2, the Borrowers Borrower shall immediately pay the amount of the insufficiency into the Retention Account.

Appears in 3 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)

Shortfall in Earnings. If the aggregate Earnings received in each the Earnings Account are insufficient at in any time month for the required amount to be transferred to the Retention Account under Clause 18.2Section 10.3, the Borrowers Borrower shall immediately pay the deposit an amount of the insufficiency equal to such deficiency into the Retention Account.

Appears in 3 contracts

Samples: Credit Agreement (International Shipholding Corp), Credit Agreement (International Shipholding Corp), Credit Agreement (International Shipholding Corp)

Shortfall in Earnings. If the aggregate Earnings received in each an Earnings Account are insufficient at any time for the required amount to be transferred to the Retention Account under Clause 18.217.2 (Monthly retentions), the Borrowers shall immediately pay the amount of the insufficiency into the Retention Account.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Shortfall in Earnings. If the aggregate Earnings received in each the Earnings Account Accounts are insufficient at any time for the required amount to be transferred to the Retention Account under Clause 18.2, the Borrowers shall immediately pay the amount of the insufficiency into the Retention Account.

Appears in 2 contracts

Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Castor Maritime Inc.)

Shortfall in Earnings. If the aggregate Earnings received in each Earnings Account are insufficient at any time for the required amount to be transferred to the Retention Account under Clause 18.218.2 (Monthly retentions), the Borrowers Borrower shall procure that the Owners shall immediately pay the amount of the insufficiency into the Retention Account.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition Corp)

AutoNDA by SimpleDocs

Shortfall in Earnings. If the aggregate Earnings received in each an Earnings Account are insufficient at any time for the required amount to be transferred to the Retention Account under Clause 18.20, the Borrowers shall immediately pay the amount of the insufficiency into the Retention Account.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Containers Inc.)

Shortfall in Earnings. If the aggregate Earnings received in each the Earnings Account Accounts are insufficient at any time for the required amount to be transferred to the Retention Account under Clause 18.218.2 (Monthly retentions to Retention Account), the Borrowers shall immediately pay the amount of the insufficiency into the Retention Account.

Appears in 1 contract

Samples: Loan Agreement (Castor Maritime Inc.)

Shortfall in Earnings. If the aggregate Earnings received in each an Earnings Account are insufficient at any time for the required amount to be transferred to the Retention Account under Clause 18.2, the Borrowers shall immediately pay the amount of the insufficiency into the Retention Account.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Shortfall in Earnings. If the aggregate Earnings received in each the Earnings Account are insufficient at any time for the required amount to be transferred to the Retention Account under Clause 18.218.2 (Monthly retentions), the Borrowers Borrower shall immediately pay the amount of the insufficiency into the Retention Account.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!