Common use of Application after Clause in Contracts

Application after. acceleration From and after the giving of notice to the Borrowers by the Agent under Clause 15.2, the Borrowers shall procure that all sums from time to time standing to the credit of the Earnings Account are immediately transferred to the Agent for application in accordance with Clause 12.10 and the Borrowers irrevocably authorise the Agent to make those transfers.

Appears in 1 contract

Sources: Loan Agreement (Danaos Corp)

Application after. acceleration From and after the giving of notice to the Borrowers by the Agent under Clause 15.213.2 (Acceleration), the Borrowers shall procure that all sums from time to time standing to the credit of any of the Earnings Account Accounts are immediately transferred to the Agent for application in accordance with Clause 12.10 10.13 (General application of moneys) and the Borrowers irrevocably authorise the Agent to make those transfers and to instruct the Account Holder to make those transfers.

Appears in 1 contract

Sources: Secured Loan Agreement (NewLead Holdings Ltd.)

Application after. acceleration From and after the giving of notice to the Borrowers Borrower by the Agent under Clause 15.213.2 (Acceleration), the Borrowers Borrower shall procure that all sums from time to time standing to the credit of any of the Earnings Account Accounts are immediately transferred to the Agent for application in accordance with Clause 12.10 10.8 (General application of moneys) and the Borrowers Borrower irrevocably authorise authorises the Agent to instruct the Account Holder to make those transfers.

Appears in 1 contract

Sources: Third Supplemental Agreement to Secured Loan Facility Agreement (Genco Shipping & Trading LTD)

Application after. acceleration From and after the giving of notice to the Borrowers by the Agent under Clause 15.213.2 (Acceleration), the Borrowers shall procure that all sums from time to time standing to the credit of either of the Earnings Account Accounts are immediately transferred to the Agent for application in accordance with Clause 12.10 10.11 (General application of moneys) and the Borrowers irrevocably authorise the Agent to make those transfers.

Appears in 1 contract

Sources: Secured Loan Agreement (Poseidon Containers Holdings Corp.)

Application after. acceleration From and after the giving of notice to the Borrowers Borrower by the Agent under Clause 15.213.2, the Borrowers Borrower shall procure that all sums from time to time standing to the credit of the Earnings Account are immediately transferred to the Agent for application in accordance with Clause 12.10 10.7 and the Borrowers Borrower irrevocably authorise authorises the Agent to make those transfers.

Appears in 1 contract

Sources: Secured Loan Agreement (Teekay LNG Partners L.P.)

Application after. acceleration From and after the giving of notice to the Borrowers Borrower by the Agent under Clause 15.213.2, the Borrowers Borrower shall procure that all sums from time to time standing to the credit of the Earnings Account are Accounts are, subject to the terms of the Coordination Agreement, immediately transferred to the Agent for application in accordance with the provisions of Clause 12.10 10.13 and the Borrowers Borrower irrevocably authorise authorises the Agent and will procure that each Collateral Owner irrevocably instructs the Agent to make those transfers.

Appears in 1 contract

Sources: Secured Loan Agreement (Energy Infrastructure Merger CORP)