Common use of Shortfall in Earnings Clause in Contracts

Shortfall in Earnings. If the credit balance on an Earnings Account is insufficient for the required amount to be transferred under Clause 26.3 (Application of Earnings) in relation to the relevant Tranche, the Borrowers shall make up the amount of the insufficiency from the other Earnings Accounts (or otherwise).

Appears in 2 contracts

Samples: Term Loan Facility (United Maritime Corp), Facility Agreement (United Maritime Corp)

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Shortfall in Earnings. If the credit balance on an Earnings Account is insufficient for the required amount to be transferred under Clause 26.3 ‎25.3 (Application of Earnings) in relation to the relevant Tranche), the Borrowers shall make up the amount of the insufficiency from the other Earnings Accounts (or otherwise)insufficiency.

Appears in 2 contracts

Samples: Facility Agreement (United Maritime Corp), Term Loan Facility (Seanergy Maritime Holdings Corp.)

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