Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Lender shall on each Repayment Date and on each due date for the payment of interest under this Agreement apply in accordance with Clause 15.1 so much of the balance on the Retention Account as equals:
Appears in 8 contracts
Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Star Bulk Carriers Corp.), Agreement (StealthGas Inc.)
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Lender shall on each Repayment Date and on each due date for the payment of interest under this Agreement apply in accordance with Clause 15.1 16.1 so much of the balance on the Retention Account as equals:
Appears in 5 contracts
Samples: Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Lender Lenders shall on each Repayment Date and on each due date for the payment of interest under this Agreement apply in accordance with the payment details set out in Clause 15.1 16.1 so much of the balance on the Retention Account as equals:
Appears in 4 contracts
Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.)
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Lender shall on each Repayment Date and on each due date for the payment of interest under this Agreement apply in accordance with Clause 15.1 so much of the then balance on the Retention Account as equals:
Appears in 2 contracts
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.), Loan Agreement (StealthGas Inc.)
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Lender shall on each Repayment Date and on each due date for the payment of interest under this Agreement apply distribute to the Lender in accordance with Clause 15.1 so much of the then balance on the Retention Account as equals:
Appears in 1 contract
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Lender shall on each Repayment Date and on each due date for the payment of interest under this Agreement apply in accordance with Clause 15.1 so much of the then balance on the Retention Account as equals:
Appears in 1 contract
Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Lender shall on each Repayment Date and on each due date for the payment of interest under this Agreement apply in accordance with Clause 15.1 so much of the balance on the relevant Retention Account as equals:
Appears in 1 contract
Samples: Loan Agreement (Mc Shipping Inc)
Application of retentions. Until an Event of Default which is continuing or a Potential Event of Default occurs, the Lender shall on each Repayment Date and on each due date for the payment of interest under this Agreement apply in accordance with Clause 15.1 16.1 so much of the balance on the Retention Account as equals:
Appears in 1 contract
Samples: Loan Agreement (Box Ships Inc.)
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Lender shall on each Repayment Date and on each due date for the payment of interest under this Agreement apply in accordance with Clause 15.1 17.1 so much of the balance on the Retention Account as equals:
Appears in 1 contract
Samples: Loan Agreement (Euroseas Ltd.)
