Assignments of Earnings definition

Assignments of Earnings shall have the meaning provided in Section 5.14.
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Assignments of Earnings means each of the first priority assignments of earnings made or to be made by a Guarantor in favor of the Lender in respect of a Vessel and in substantially the form of Exhibit F (as amended from time to time in accordance with its terms).
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Assignments of Earnings has the meaning set forth in the recitals to this Guaranty.
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Examples of Assignments of Earnings in a sentence

  • All Earnings Collateral delivered to, or held by or on behalf of, the Pledgee pursuant to each of the Assignments of Earnings shall be held in the Concentration Accounts in accordance with the provisions thereof.

  • All Earnings Collateral delivered to, or held by or on behalf of, the Pledgee pursuant to each of the Secondary Assignments of Earnings shall be held in the Concentration Accounts in accordance with the provisions thereof.

  • All Earnings Collateral delivered to, or held by or on behalf of, the Pledgee pursuant to each of the Assignments of Earnings shall be held in the Operating Accounts in accordance with the provisions hereof and of the Control Agreement.

  • Borrower shall cause Torch Offshore, L.L.C. and Torch Express, L.L.C. to execute preferred fleet mortgage(s) and preferred ship mortgage(s) (the "Preferred Ship Mortgages") granting Lenders preferred mortgages on the Vessels together with all proceeds thereof and to execute Assignments of Earnings with respect to the Vessels, together with a UCC-1 Financing Statement filed in connection therewith.

  • All Earnings Collateral delivered to, or held by or on behalf of, the Pledgee pursuant to each of the Assignments of Earnings shall be held in the Earnings Accounts in accordance with the provisions hereof and of the Control Agreement.


More Definitions of Assignments of Earnings

Assignments of Earnings means, collectively, each assignment of earnings to be executed in relation to each Collateral Vessel by the relevant Grantor in favor of the Collateral Trustee in relation to the Earnings.
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Assignments of Earnings means each Assignment of Earnings of even date herewith or executed and delivered pursuant to Section 2.06(b) or Section 2.07(d) executed by the Borrower or the Guarantors in favor of the Collateral Agent, as same may be amended, supplemented, restated or otherwise modified from time to time.
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Assignments of Earnings means first priority assignments of earnings and charterparties, to be made by the Borrower in favor of the Collateral Agent, in respect of the Project Revenues, including earnings under the Drilling Contract, and the mobilization fee to be paid by Shell XX Xxxxx Equipment Services B.V. under the Drilling Contract, in accordance with the terms of the Drilling Contract, substantially in the form of Exhibit D;
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Assignments of Earnings means first priority assignments of earnings and charterparties (including, without limitation, the Bareboat Charter), to be made by the Borrower in favor of the Security Trustee, in respect of the earnings of the Vessel, including earnings under the MDO Contract, and the mobilization fee of $15,000,000 to be paid by Shell under the MDO Contract, after completion of the Construction, substantially in the form of Exhibit D;
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Related to Assignments of Earnings

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Assignment of Leases and Rents With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar instrument executed by the Obligor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, whether contained in the Mortgage or in a document separate from the Mortgage, in the form that was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter in accordance with the Credit and Collection Policy.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Base Earnings means base salary and wages payable by the Company or a Participating Subsidiary to an Eligible Employee, prior to pre-tax deductions for contributions to qualified or non-qualified (under the Code) benefit plans or arrangements, and excluding bonuses, incentives and overtime pay but including commissions.

  • Assignment of Leases With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter.

  • Net earnings available for fixed charges means net income after deducting operating and maintenance expenses, taxes other than federal and state income taxes, depreciation, and depletion, but excluding extraordinary expenses appearing in the regular financial statements of the system.

  • Weekly Earnings means, in the case of a day or shift worker, 40 hours x his regular rate;

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Collateral Assignment means, with respect to any Contracts, the original instrument of collateral assignment of such Contracts by the Company, as Seller, to the Collateral Agent, substantially in the form included in Exhibit A hereto.

  • net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;

  • Supplemental security income means the program authorized under title XVI of the social security act, 42 USC 1381 to 1383f.

  • Assignment of Contracts shall have the meaning provided in Section 5.07.

  • Supplemental Security Income (SSI) means a program available to certain aged and disabled persons that is administered by the Social Security Administration through the Social Security office.