Common use of Application after Clause in Contracts

Application after. acceleration From and after the giving of notice to the Borrower by the Agent under Clause 13.2, the Borrower shall procure that all sums from time to time standing to the credit of the Earnings Accounts are immediately transferred to the Agent for application in accordance with Clause 10.8 and the Borrower irrevocably authorises the Agent to instruct the Account Holders to make those transfers.

Appears in 2 contracts

Samples: www.lw.com, Teekay Offshore Partners L.P.

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Application after. acceleration From and after the giving of notice to the Borrower Borrowers by the Agent under Clause 13.215.2, the Borrower Borrowers shall procure that all sums from time to time standing to the credit of the Earnings Accounts Account are immediately transferred to the Agent for application in accordance with Clause 10.8 12.10 and the Borrower Borrowers irrevocably authorises authorise the Agent to instruct the Account Holders to make those transfers.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Application after. acceleration From and after the giving of notice to the Borrower by the Agent under Clause 13.222.2 (Acceleration), the Borrower shall procure that all sums from time to time standing to the credit of any of the Earnings Accounts are immediately transferred to the Security Agent or any Receiver or Delegate for application in accordance with Clause 10.8 17.8 (Application of moneys by Security Agent) and the Borrower irrevocably authorises the Security Agent to instruct the Account Holders Holder to make those transfers.

Appears in 1 contract

Samples: Safe Bulkers, Inc.

Application after. acceleration From and after the giving of notice to the Borrower by the Agent under Clause 13.213.2 (Acceleration), the Borrower shall procure that all sums from time to time standing to the credit of any of the Earnings Accounts are immediately transferred to the Agent for application in accordance with Clause 10.8 (General application of moneys) and the Borrower irrevocably authorises the Agent to instruct the Account Holders Holder to make those transfers.

Appears in 1 contract

Samples: Third Supplemental Agreement (Genco Shipping & Trading LTD)

Application after. acceleration From and after the giving of notice to the Borrower Borrowers by the Agent under Clause 13.223.2 (Acceleration), the Borrower Borrowers shall procure that all sums from time to time standing to the credit of any of the Earnings Accounts are immediately transferred to the Security Agent or any Receiver or Delegate for application in accordance with Clause 10.8 17.14 (Application of moneys by Security Agent) and the Borrower Borrowers irrevocably authorises authorise the Security Agent to instruct the Account Holders Holder to make those transfers.

Appears in 1 contract

Samples: Loan Agreement (DHT Holdings, Inc.)

Application after. acceleration From and after the giving of notice to the Borrower Borrowers by the Agent under Clause 13.213.2 (Acceleration), the Borrower Borrowers shall procure that the Collateral Owners shall procure that all sums from time to time standing to the credit of either of the Earnings Accounts are immediately transferred to the Agent for application in accordance with Clause 10.8 10.9 (General application of moneys) and the Borrower Borrowers shall procure that the Collateral Owners irrevocably authorises authorise the Agent to instruct the Account Holders Holder to make those transfers.

Appears in 1 contract

Samples: DryShips Inc.

Application after. acceleration From and after the giving of notice to the Borrower Borrowers by the Agent under Clause 13.213.2 (Acceleration), the Borrower Borrowers shall procure that all sums from time to time standing to the credit of either of the Earnings Accounts are immediately transferred to the Agent for application in accordance with Clause 10.8 10.11 (General application of moneys) and the Borrower Borrowers irrevocably authorises authorise the Agent to instruct the Account Holders to make those transfers.

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

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Application after. acceleration From and after the giving of notice to the Borrower by the Agent under Clause 13.2, the Borrower shall procure that all sums from time to time standing to the credit of the Earnings Accounts are are, subject to the terms of the Coordination Agreement, immediately transferred to the Agent for application in accordance with the provisions of Clause 10.8 10.13 and the Borrower irrevocably authorises the Agent to instruct and will procure that each Collateral Owner irrevocably instructs the Account Holders Agent to make those transfers.

Appears in 1 contract

Samples: Loan Agreement (Energy Infrastructure Merger CORP)

Application after. acceleration From and after the giving of notice to the Borrower Borrowers by the Agent under Clause 13.213.2 (Acceleration), the Borrower Borrowers shall procure that all sums from time to time standing to the credit of any of the Earnings Accounts are immediately transferred to the Agent for application in accordance with Clause 10.8 10.13 (General application of moneys) and the Borrower Borrowers irrevocably authorises authorise the Agent to make those transfers and to instruct the Account Holders Holder to make those transfers.

Appears in 1 contract

Samples: Loan Agreement (NewLead Holdings Ltd.)

Application after. acceleration From and after the giving of notice to the Borrower by the Agent under Clause 13.2, the Borrower shall procure that all sums from time to time standing to the credit of the Earnings Accounts Account are immediately transferred to the Agent for application in accordance with Clause 10.8 10.7 and the Borrower irrevocably authorises the Agent to instruct the Account Holders to make those transfers.

Appears in 1 contract

Samples: Teekay LNG Partners L.P.

Application after. acceleration From and after the giving of notice to the Borrower by the Agent under Clause 13.213.2 (Acceleration), the Borrower shall procure that all sums from time to time standing to the credit of either of the Earnings Accounts are immediately transferred to the Security Agent for application in accordance with Clause 10.8 10.13 (General application of moneys after acceleration) and the Borrower irrevocably authorises the Security Agent to instruct the Account Holders Holder to make those transfers.

Appears in 1 contract

Samples: Poseidon Containers Holdings Corp.

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