Earnings Accounts means the bank accounts of each of the Obligors from time to time each of which shall be held with the Agent or any of the Agent’s corresponding banks and to which all the Earnings and any proceeds of the Insurances shall be paid.
Earnings Accounts means any account to be nominated and designated as Earnings Accounts for this purpose by the Borrower or the Guarantor in cooperation with the Agent, with the Account Bank, or such other accounts as designated by the Agent.
Earnings Accounts means all of such accounts and fixed term deposit contracts and/or accounts;
Examples of Earnings Accounts in a sentence
For the avoidance of doubt, no Account Control Agreement shall be required to be entered into over any Earnings Account other than the Pledged Earnings Accounts.
Each Loan Party will cause the earnings derived from or other amounts payable in respect of each of the Collateral Vessels, to the extent constituting Earnings and Insurance Collateral, to be deposited by the respective account debtor in respect of such earnings into an Earnings Account held with the Collateral Agent (it being understood that, absent an Event of Default, the Borrower shall have full control of the funds within the Earnings Accounts).
More Definitions of Earnings Accounts
Earnings Accounts means any interest bearing account into which all Earnings derived from each Collateral Vessel Contract (other than any such Earnings payable to a Local Content Subsidiary) shall be deposited or forwarded that is subject to an account control agreement (or other comparable arrangements under U.K. laws or other laws acceptable to the Collateral Agent), except to the extent prohibited by applicable law.
Earnings Accounts means, together, the Existing Ships Earnings Accounts and the Target Ships Earnings Accounts and, in the singular, means any of them;
Earnings Accounts means the bank accounts to be 'opened in the names of the Borrowers with the Account Holder and each designated an "Earnings Account" and "Earnings Account" means any one of them.
Earnings Accounts means, together, the Dollar denominated earnings account with account number 1250.04.13857, the Euro denominated earnings account with account number 1250.60.20814 and the Norwegian Kroner denominated earnings account with account number 1503.01.88559, each opened by the Borrower with the Agent as required under Clause 9.1;
Earnings Accounts means any or all of them;
Earnings Accounts means interest bearing Dollar accounts of the Owners opened or (as the context may require) to be opened by the Owners with the relevant Account Bank and includes any other account designated in writing by such Account Bank to be an Earnings Account for the purposes of this Agreement and “Earnings Account” means any of them;
Earnings Accounts means the accounts listed on Annex F to the Pledge Agreement (as updated from time to time).