Assignment of Earnings Sample Clauses

Assignment of Earnings. 14.1 The earnings of the Pool may not be assigned by the Participant. The Participant may only assign the earnings distributed by the Pool pertaining to the Vessel.
AutoNDA by SimpleDocs
Assignment of Earnings not assign or agree to assign otherwise than to the Bank the Earnings or any part thereof; and
Assignment of Earnings assign or agree to assign otherwise than to the Security Trustee the Earnings or any part thereof;
Assignment of Earnings not assign or agree to assign otherwise than to the Lender the Earnings or any part thereof.
Assignment of Earnings assign or agree to assign otherwise than to the Agent the Earnings of such Additional Ship or any part thereof;
Assignment of Earnings assign or agree to assign otherwise than to the Bank the Earnings of such Additional Ship or any part thereof;
Assignment of Earnings assign or agree to assign otherwise than to the Security Agent the future earnings of the Ship or any part thereof; or
AutoNDA by SimpleDocs
Assignment of Earnings. Immediately following the repayment of the Senior Loans and of all amounts outstanding under the Senior Loan Agreements and the release of the Senior Finance Documents, the Borrower shall procure that each Owner shall enter into a second priority Earnings Assignment in favour of the Security Trustee in respect of the Earnings relating to its Ship and such assignment shall thereafter constitute an “Earnings Assignment” for the purpose of this Agreement.
Assignment of Earnings. A first priority assignment of all earnings of the Vessels by the Borrowers and the Charterer including all Earnings under the Charter Parties, together with a negative pledge, such assignment and negative pledge to be notified to the Charterer and any other charterers (including sub-charterers) chartering any Vessel for a period in excess of 12 (twelve) months in the form as set out in Exhibit 3 - Form of Security Agreement;
Assignment of Earnings. THIS ASSIGNMENT is made this 10th day of June, 2013, from [ASSIGNOR], a [company] / [corporation] organized and existing under the laws of the [JURISDICTION OF INCORPORATION], with offices at [ADDRESS] (the "Assignor"), in favor of MANUFACTURERS AND TRADERS TRUST COMPANY, a New York banking corporation, with offices at 00 Xxxxx Xxxxxxx Xxxxxx, Baltimore, Maryland, as trustee pursuant to the Indenture referred to in Recital (B) hereto (the "Assignee").
Time is Money Join Law Insider Premium to draft better contracts faster.