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.
Earnings Account Charge means in relation to each Earnings Account the first priority assignment, pledge and charge granted or, as the context may require, to be granted by the relevant Borrower to the Lender on any monies standing the credit of that Earnings Account in form and substance satisfactory to the Lender as the same may from time to time hereafter be amended, varied or supplemented and, in the plural, means all of them;
Examples of Earnings Account Charge in a sentence
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.
RELEASE OF SECURITY With effect from the Effective Time, the following security shall be released: The Charterer’s Earnings Account Charge; and the Bareboat Charter Assignment.
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.
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 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, in relation to each Earnings Account, the first priority assignment, pledge and charge relating to that Earnings Account opened in the name of the Rodosi Borrower executed or, as the context may require, to be executed by the Rodosi Borrower in favour of the Lender in form and substance satisfactory to the Lender as the same may from time to time hereafter be amended, varied or supplemented and, in the plural, means all of them;
Earnings Account Charge means any one of them.
Earnings Account Charge means the Eirini Earnings Account Charge.
Earnings Account Charge means either one of them.
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;