Shortfall in Earnings. (a) If the credit balance on each Earnings Account is insufficient for the required amount to be transferred under Clause 25.3 (Application of Earnings) the Borrowers shall make up the amount of the insufficiency.
Appears in 2 contracts
Samples: Assignment Agreement (Global Ship Lease, Inc.), Junior Facility Agreement (Global Ship Lease, Inc.)
Shortfall in Earnings. (a) If the credit balance on each an Earnings Account is insufficient for the required amount to be transferred under Clause 25.3 25.3 (Application of Earnings) ), the Borrowers shall make up the amount of the insufficiency.
Appears in 2 contracts
Samples: Assignment Agreement (United Maritime Corp), Assignment Agreement (Seanergy Maritime Holdings Corp.)
Shortfall in Earnings. (a) If the credit balance on each an Earnings Account is insufficient for the required amount to be transferred under Clause 25.3 26.3 (Application of Earnings) in relation to the relevant Tranche, the Borrowers shall make up the amount of the insufficiencyinsufficiency from the other Earnings Accounts (or otherwise).
Appears in 2 contracts
Samples: Facility Agreement (United Maritime Corp), Facility Agreement (United Maritime Corp)
