Common use of Interest accrued on Retention Account Clause in Contracts

Interest accrued on Retention Account. Any credit balance on the Retention Account shall bear interest at the rate from time to time offered by the Agent to its customers for Dollar deposits of similar amounts and for periods similar to those for which such balances appear to the Agent likely to remain on the Retention Account.

Appears in 24 contracts

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.), Loan Agreement, Loan Agreement (Paragon Shipping Inc.)

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Interest accrued on Retention Account. Any credit balance on the Retention Account shall bear interest at the rate from time to time offered by the Agent Lender to its customers for Dollar deposits of similar amounts and for periods similar to those for which such balances appear to the Agent Lender likely to remain on the Retention Account.

Appears in 8 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (StealthGas Inc.)

Interest accrued on Retention Account. Any credit balance on the Retention Account shall bear interest at the rate from time to time offered by the Agent Account Bank to its customers for Dollar deposits of similar amounts and for periods similar to those for which such balances appear balance appears to the Agent Account Bank likely to remain on the Retention Account.

Appears in 3 contracts

Samples: Agreement (Euroseas Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.)

Interest accrued on Retention Account. Any credit balance on the Retention Account shall bear interest at the rate from time to time offered by the Agent Account Bank to its customers for Dollar dollars deposits of similar amounts and for periods similar to those for which such balances appear to the Agent Account Bank likely to remain on the Retention Account.

Appears in 2 contracts

Samples: Banks and Financial Institutions (Okeanis Eco Tankers Corp.), Banks and Financial Institutions (Okeanis Eco Tankers Corp.)

Interest accrued on Retention Account. Any credit balance on the Retention Account shall bear interest at the rate from time to time offered by the Facility Agent to its customers for Dollar deposits of similar amounts and for periods similar to those for which such balances appear to the Facility Agent likely to remain on the Retention Account.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Interest accrued on Retention Account. Any credit balance on the Retention Account shall bear interest at the rate from time to time offered by the Agent Lenders to its customers for Dollar deposits of similar amounts and for periods similar to those for which such balances appear balance appears to the Agent Lenders likely to remain on the Retention Account. Interest accruing under this Clause shall be credited to the Operating Account.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Interest accrued on Retention Account. Any credit balance on the Retention Account shall bear interest at the rate from time to time offered by the Paying Agent to its customers for Dollar deposits of similar amounts and for periods similar to those for which such balances appear to the Paying Agent likely to remain on the Retention Account.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Interest accrued on Retention Account. Any credit balance on the Retention Account shall bear interest at the rate from time to time offered by the Agent Account Bank to its customers for Dollar deposits of similar amounts and for periods similar to those for which such balances appear to the Agent Account Bank likely to remain on the Retention Account.

Appears in 1 contract

Samples: Agreement (Okeanis Eco Tankers Corp.)

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Interest accrued on Retention Account. Any credit balance on the Retention Account shall bear interest at the rate from time to time offered by the Agent Lenders to its customers for Dollar deposits of similar amounts and for periods similar to those for which such balances appear to the Agent Lenders likely to remain on the Retention Account.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Interest accrued on Retention Account. Any credit balance on the Retention Account shall bear interest at the rate (not to be less than zero) from time to time offered by the Agent Account Bank to its customers for Dollar USD deposits of similar amounts and for periods similar to those for which such balances appear to the Agent Account Bank likely to remain on the Retention Account.

Appears in 1 contract

Samples: Assignment Agreement (Ocean Rig UDW Inc.)

Interest accrued on Retention Account. Any credit balance on the Retention Account shall bear interest at the rate from time to time offered by the Agent Lenders to its customers for Dollar deposits of similar amounts and for periods similar to those for which such balances appear balance appears to the Agent Lenders likely to remain on the Retention Account.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Interest accrued on Retention Account. Any credit balance on the Retention Account shall bear interest at the rate from time to time offered by the Agent Lender to its customers for Dollar deposits of similar amounts and for periods similar to those for which such balances appear to the Agent Lender likely to remain on the Retention Account.

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

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