Common use of Application of Moneys Clause in Contracts

Application of Moneys. All moneys received by the Agent and/or the Security Agent under or pursuant to any of the Security Documents and expressed to be applicable in accordance with the provisions of this clause 13.1 shall be applied in the following manner:

Appears in 10 contracts

Samples: Letter of Credit Facility (Aegean Marine Petroleum Network Inc.), Loan Agreement (Diana Shipping Inc.), Letter of Credit Facility (Aegean Marine Petroleum Network Inc.)

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Application of Moneys. All moneys received by the Agent and/or the Security Agent under or pursuant to any of the Security Documents and expressed to be applicable in accordance with the provisions of this clause 13.1 13.1, shall be applied in the following manner:

Appears in 8 contracts

Samples: Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.)

Application of Moneys. All moneys received by the Agent and/or the Security Agent Banks under or pursuant to any of the Security Documents and expressed to be applicable in accordance with the provisions of this clause 13.1 shall be applied by the Agent and/or the Banks in the following manner:

Appears in 3 contracts

Samples: Facility Agreement (Aries Maritime Transport LTD), Facilities Agreement (Aries Maritime Transport LTD), Facilities Agreement (Omega Navigation Enterprises, Inc.)

Application of Moneys. All moneys received by the Agent and/or any of the Security Agent other Creditors under or pursuant to any of the Security Documents and expressed to be applicable in accordance with the provisions of this clause 13.1 shall be applied in the following manner:

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Application of Moneys. All moneys received by the Agent and/or the Security Agent or under or pursuant to any of the Security Documents and expressed to be applicable in accordance with the provisions of this clause 13.1 shall be applied in the following manner:

Appears in 1 contract

Samples: Senior Loan Agreement (FreeSeas Inc.)

Application of Moneys. All moneys received by the Agent and/or the Security Agent under or pursuant to any of the Security Documents and expressed to be applicable in accordance with the provisions of this clause 13.1 shall be applied in the following manner:

Appears in 1 contract

Samples: Aegean Marine Petroleum Network Inc.

Application of Moneys. All moneys monies received by the Facility Agent and/or the Security Agent Trustee under or pursuant to any of the Security Documents and that are expressed to be applicable in accordance with the provisions of this clause 13.1 13.1, shall be applied by the Facility Agent in the following manner:

Appears in 1 contract

Samples: DryShips Inc.