Application of Moneys. Except as otherwise provided in any Security Document, all moneys received by the Creditors under or pursuant to this Agreement, the Note or any of the Security Documents after the happening of any Event of Default (unless cured to the satisfaction of the Majority Lenders) shall be applied by the Facility Agent (pro-rata amongst the Tranches) in the following manner:
Appears in 4 contracts
Samples: Agreement (International Shipholding Corp), Senior Secured Loan Facility Agreement (International Shipholding Corp), Senior Secured Loan Facility Agreement (International Shipholding Corp)
Application of Moneys. Except as otherwise provided in any Security Document, all moneys received by the Creditors Agents or the Lenders under or pursuant to this Credit Facility Agreement, the Note or any of the Security Documents after the happening of any Event of Default (unless cured to the satisfaction of the Majority Lenders) shall be applied by the Facility Administrative Agent (pro-rata amongst the Tranches) in the following manner:
Appears in 3 contracts
Samples: Senior Secured Term Credit Facility Agreement (Top Ships Inc.), Credit Facility Agreement (Top Tankers Inc.), Credit Facility Agreement (Top Tankers Inc.)
Application of Moneys. Except as otherwise provided in any Security Document, all moneys received by the Creditors under or pursuant to this Agreement, the Note or any of the Security Documents after the happening of any Event of Default (unless cured to the satisfaction of the Majority Lenders) shall be applied by the Facility Agent (pro-rata amongst the Tranches) in the following manner:
Appears in 3 contracts
Samples: Facility Agreement (International Shipholding Corp), Account Pledge Agreement (International Shipholding Corp), Loan Agreement (International Shipholding Corp)
Application of Moneys. Except as otherwise provided in any Security Document, all moneys received by the Creditors Agents or the Lenders under or pursuant to this Agreement, the Note or any of the Security Documents after the happening of any Event of Default (unless cured to the satisfaction of the Majority Lenders) shall be applied by the Facility Agent (pro-rata amongst the Tranches) in the following manner:
Appears in 2 contracts
Samples: Restatement of Loan Agreement (Gulfmark Offshore Inc), Secured Credit Facility Agreement (Teekay Shipping Corp)
Application of Moneys. Except as otherwise provided in any Security Document, all moneys received by the Creditors Agents, the Arrangers or the Lenders under or pursuant to this Agreement, the Note or any of the Security Documents after the happening of any Event of Default (unless cured to the satisfaction of the Majority Lenders) shall be applied by the Facility Agent (pro-rata amongst the Tranches) Agents in the following manner:
Appears in 2 contracts
Samples: Consent and Agreement (Omi Corp/M I), Loan Agreement (Omi Corp/M I)
Application of Moneys. Except as otherwise provided in any Security Document, all moneys received by the Creditors under or pursuant to this Agreement, the Note or any of the Security Documents after the happening of any Event of Default (unless cured to the satisfaction of the Majority Lenders) shall be applied by the Facility Agent (pro-rata amongst the Tranches) in the following manner:
Appears in 1 contract
Application of Moneys. Except as otherwise provided in any Security Document, all moneys received by the Creditors Agents or the Lenders under or pursuant to this Agreement, the Note Notes or any of the Security Documents after the happening of any Event of Default (unless cured to the satisfaction of the Majority Lenders) shall be applied by the Facility Administrative Agent (pro-rata amongst the Tranches) in the following manner:
Appears in 1 contract
Samples: Pledge Agreement (Stolt Nielsen S A)
Application of Moneys. Except as otherwise provided in any Security Document, all moneys received by the Creditors under or pursuant to this Loan Agreement, the Note or any of the Security Documents after the happening of any Event of Default (unless cured to the satisfaction of the Majority Lenders) shall be applied by the Facility Administrative Agent (pro-rata amongst the Tranches) in the following manner:
Appears in 1 contract
Application of Moneys. Except as otherwise provided in any Security Document, all moneys received by the Creditors Agents, the Arrangers or the Banks under or pursuant to this Agreement, the Note or any of the Security Documents after the happening of any Event of Default (unless cured to the satisfaction of the Majority LendersBanks) shall be applied by the Facility Agent (pro-rata amongst the Tranches) Agents in the following manner:
Appears in 1 contract
Samples: Agreement (Omi Corp/M I)
Application of Moneys. Except as otherwise provided in any Security other Transaction Document, all moneys received by the Creditors under or pursuant to this Agreement, the Note or any of the Security Documents after the happening of any Event of Default (unless cured to the satisfaction of the Majority Lenders) shall be applied by the Facility Agent (pro-rata amongst the Tranches) in the following manner:
Appears in 1 contract
Application of Moneys. Except as otherwise provided in any Security Document, all moneys received by the Creditors under or pursuant to this Agreement, the Note or any of the Security Documents after the happening of any Event of Default (unless cured to the satisfaction of the Majority Lenders) shall be applied by the Facility Administrative Agent (pro-rata amongst the Tranches) in the following manner:
Appears in 1 contract
Application of Moneys. Except as otherwise provided in any Security Document, all moneys received by the Creditors under or pursuant to this Agreement, the Note or any of the Security other Transaction Documents after the happening of any Event of Default (unless cured to the satisfaction of the Majority Lenders) shall be applied by the Facility Agent (pro-rata amongst the Tranches) in the following manner:
Appears in 1 contract
Application of Moneys. Except as otherwise provided in any Security Document, all moneys received by the Creditors Agent or any of the Lenders under or pursuant to this Agreement, the Note or any of the Security Documents after the happening of any Event of Default (unless cured to the satisfaction of the Majority Lenderscured) shall be applied by the Facility Agent (pro-rata amongst the Tranches) in the following manner:
Appears in 1 contract
Application of Moneys. Except as otherwise provided in any Security Document, all moneys received by the Creditors under or pursuant to this Agreement, the Note or any of the Security Documents after the happening of any Event of Default (unless cured to the satisfaction of the Majority Lenders) shall be applied by the Facility Agent (pro-rata amongst the Tranches) in the following manner:
Appears in 1 contract
Application of Moneys. Except as otherwise provided in any Security Document, all moneys received by the Creditors under or pursuant to this Agreement, the Note or any of the Security Loan Documents after the happening of any Event of Default (unless cured to the satisfaction of the Majority Lenders) shall be applied by the Facility Agent (pro-rata amongst the Tranches) in the following manner:
Appears in 1 contract
Application of Moneys. Except as otherwise provided in any Security Document, all moneys received by the Creditors Agent, the Security Trustee, the Arranger or the Lenders under or pursuant to this Agreement, the Note or any of the Security Documents after the happening of any Event of Default (unless cured to the satisfaction of of, or waived by, the Majority Lenders) shall be applied by the Facility Agent (pro-rata amongst the Tranches) in the following manner:
Appears in 1 contract
