Earnings Account Charge definition

Earnings Account Charge means the first priority assignment, pledge and charge to be granted by the Borrower to the Lender on the Earnings Account in form and substance satisfactory to the Lender, as the same may from time to time hereafter be amended or supplemented;

Earnings Account Charge means the assignment, pledge and charge to be granted by the Borrower to the Lender on the Earnings Account in form and substance satisfactory to the Lender, as the same may from time to time hereafter be amended or supplemented;

Earnings Account Charge means the charge of the Earnings Account as required by Schedule 9 (Security Documents) and as set out in Exhibit D.

Examples of Earnings Account Charge in a sentence

• With effect from the Effective Time, the following security shall be released: The Charterer’s Earnings Account Charge; and the Bareboat Charter Assignment.

• Each of the Borrowers (without prejudice to the terms of the relevant Earnings Account Charge and the relevant Charter Assignment Agreement) hereby agree that all the Earnings relating to its Vessel shall be assigned to the Security Trustee, and that all the relevant Borrower’s Earnings shall be paid into the relevant Earnings Account which shall be charged to the Security Trustee by the relevant Earnings Account Charges.

• The Earnings Account and the Retention Account and all amounts from time to time respectively standing to the credit thereof shall be subject to the security constituted and the rights conferred by, respectively, the Earnings Account Charge and the Retention Account Charge.

• The Earnings Account and all amounts from time to time standing to the credit thereof shall be subject to the security constituted and the rights conferred by the Earnings Account Charge.

• Each Borrower will keep its Earnings Account with the Agent and shall procure that all of its Earnings are paid directly to its Earnings Account and charge the Earnings Account under the relevant Borrower’s Earnings Account Charge in favour of the Agent.

More Definitions of Earnings Account Charge

Earnings Account Charge means a deed dated 10 December 2007 and executed by the Owners of the Ships creating security in favour of the Security Trustee over the Ship Earnings Accounts as amended by the Amending and Restating Agreements;

Earnings Account Charge means either one of them.

Earnings Account Charge means, in relation to each Owner’s Earnings Account, the deed containing, inter alia, a charge in respect of that Owner’s Earnings Account executed or to be executed by the relevant Owner in favour of the Security Trustee in such form as the Lenders may approve or require and in the plural means all of them;

Earnings Account Charge means the charge executed or (as the context may require) to be executed by the Company in favour of the Security Trustee (as security agent and trustee on behalf of the Combined Creditors) in respect of the Earnings Account in a form and substance acceptable to the Security Trustee (acting on the instructions of the Combined Creditors).

Earnings Account Charge means the Eirini Earnings Account Charge.

Earnings Account Charge means the assignment, pledge and charge granted by the Borrower to the Lender on the Earnings Account in form and substance satisfactory to the Lender, as the same may from time to time hereafter be amended or supplemented;

Earnings Account Charge means a first priority charge required to be executed hereunder between the Borrower and the Security Trustee in respect of the Earnings Account in such form as the Lender may require;