Earnings. ensure and procure that, unless and until directed by the Lender otherwise (i) all the Earnings of the Vessel shall be paid to the Operating Account and (ii) the persons from whom the Earnings are from time to time due are irrevocably instructed to pay them to the Operating Account or to such account in the name of the Borrower as shall be from time to time determined by the Lender in accordance with the provisions of this Agreement and/or the relevant Security Documents;
Appears in 3 contracts
Sources: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Pyxis Tankers Inc.)
Earnings. ensure and procure that, unless and until directed by the Lender Bank otherwise (i) all the Earnings of the Vessel shall be paid to the Operating Earnings Account and (ii) the persons from whom the Earnings are from time to time due are irrevocably instructed to pay them to the Operating Account or to such account in the name of the Borrower as shall be from time to time determined agreed by the Lender Bank in accordance with the provisions hereof and of this Agreement and/or the relevant Security Documents;
Appears in 3 contracts
Sources: Loan Agreement (Top Ships Inc.), Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (FreeSeas Inc.)
Earnings. ensure and procure that, unless and until directed by the Lender otherwise (i) all the Earnings of the Vessel shall be paid to the Operating Account and (ii) the persons from whom the Earnings are from time to time due are irrevocably instructed to pay them to the Operating Account or to such account in the name of the Borrower as shall be from time to time determined by the Lender in accordance with the provisions hereof and of this Agreement and/or the relevant Security Documents;
Appears in 2 contracts
Sources: Loan Agreement (Performance Shipping Inc.), Loan Agreement (Performance Shipping Inc.)
Earnings. ensure and procure that, unless and until directed by the Lender otherwise (i) all the Earnings of the Vessel shall be paid to the Operating Earnings Account and (ii) the persons from whom the Earnings are from time to time due are irrevocably instructed to pay them to the Operating said Earnings Account or to such account in the name of the Borrower as shall be from time to time determined by the Lender in accordance with the provisions hereof and of this Agreement and/or the relevant Security Documents;
Appears in 2 contracts
Sources: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)
Earnings. ensure and procure that, unless and until directed by the Lender Bank otherwise (i) all the Earnings of the each Vessel shall be paid to the Operating relevant Earnings Account and (ii) the persons from whom the Earnings of a Vessel are from time to time due are irrevocably instructed to pay them to the Operating relevant Earnings Account or to such account in the name of the Borrower as shall be from time to time determined by the Lender in accordance with the provisions hereof and of this Agreement and/or the relevant Security Documents;
Appears in 1 contract
Sources: Loan Agreement (Poseidon Containers Holdings Corp.)
Earnings. ensure and procure that, unless and until directed by the Lender Bank otherwise (i) all the Earnings of the Vessel Vessels shall be paid to the Operating Earnings Account and (ii) the persons from whom the Earnings are from time to time due are irrevocably instructed to pay them to the Operating Account or to such account in the name of the Borrower Borrowers as shall be from time to time determined agreed by the Lender Bank in accordance with the provisions hereof and of this Agreement and/or the relevant Security Documents;
Appears in 1 contract
Sources: Loan Agreement (FreeSeas Inc.)
Earnings. ensure and procure that, unless and until directed by the Lender Bank otherwise (i) all the Earnings of the each Vessel shall be paid to the Operating relevant Earnings Account and (ii) the persons from whom the Earnings of such Vessel are from time to time due are irrevocably instructed to pay them to the Operating such Earnings Account or to such account in the name of the Borrower as shall be from time to time determined by the Lender in accordance with the provisions hereof and of this Agreement and/or the relevant Security Documents;
Appears in 1 contract
Sources: Loan Agreement (StealthGas Inc.)
Earnings. ensure and procure that, unless and until directed by the Lender Bank otherwise (i) all the Earnings of the each Vessel shall be paid to the Operating relevant Earnings Account and (ii) the persons from whom the Earnings are from time to time due are irrevocably instructed to pay them to the Operating relevant Earnings Account or to such account in the name of the Borrower as shall be from time to time determined by the Lender in accordance with the provisions hereof and of this Agreement and/or the relevant Security Documents;
Appears in 1 contract
Sources: Loan Agreement (Costamare Inc.)
Earnings. ensure and procure that, unless and until directed by the Lender otherwise (i) all the Earnings of the its Vessel shall be paid to the its Operating Account and (ii) the persons from whom the Earnings are from time to time due are irrevocably instructed to pay them to the its Operating Account or to such account in the name of the that Borrower as shall be from time to time determined by the Lender in accordance with the provisions hereof and of this Agreement and/or the relevant Security Documents;
Appears in 1 contract
Sources: Loan Agreement (Pyxis Tankers Inc.)
Earnings. ensure and procure that, unless and until directed by the Lender Bank otherwise (i) all the Earnings of the Vessel shall be paid to the Operating relevant Earnings Account and (ii) the persons from whom the Earnings of the Vessel are from time to time due are irrevocably instructed to pay them to the Operating such Earnings Account or to such account in the name of the Borrower as shall be from time to time determined by the Lender in accordance with the provisions hereof and of this Agreement and/or the relevant Security Documents;
Appears in 1 contract
Sources: Loan Agreement (StealthGas Inc.)
Earnings. ensure and procure that, unless and until directed by the Lender otherwise (i) all the Earnings of the its Vessel shall be paid to the Borrower’s Operating Account and (ii) the persons from whom the Earnings are from time to time due are irrevocably instructed to pay them to the Borrower’s Operating Account or to such account in the name of the Borrower as shall be from time to time determined by the Lender in accordance with the provisions of this Agreement and/or the relevant Security Documents;
Appears in 1 contract