Monthly retentions. The Borrowers undertake with each Creditor Party to ensure that, on and from the date falling one month after each Drawdown Date and at monthly intervals thereafter during the Security Period, there are transferred in respect of each Advance drawn on that Drawdown Date to the Retention Account out of the Earnings received in the relevant Earnings Account during the preceding month:
Monthly retentions. The Borrower undertakes with the Lender to ensure that, in each calendar month of the Security Period after the Drawdown Notice is served, on such dates as the Lender may from time to time specify, there is transferred to the Retention Account out of the Earnings received in the Operating Account during the preceding calendar month:
Monthly retentions. The Borrower undertakes with each Creditor Party to ensure that, throughout the Security Period on the same day in each month, there is transferred to the Retention Account:
Monthly retentions. The Borrower undertakes with each Creditor Party to ensure that, on and from the date on which an Event of Default or a Potential Event of Default has occurred and at monthly intervals thereafter during the Security Period whilst such an Event of Default or Potential Event of Default is continuing, there are transferred to the Retention Account out of the Earnings received in the Earnings Accounts during the preceding month:
Monthly retentions. Each Borrower undertakes with each Creditor Party to ensure that, in each calendar month of the Security Period after the Ship owned or to be owned by it has been delivered to it under the relevant MOA, on such dates as the Agent may from time to time specify, there is transferred to the Retention Account out of the Earnings received in its Operating Account during the preceding calendar month:
Monthly retentions. The Borrower shall ensure that, in each calendar month after the Delivery Date, on such dates as the Facility Agent may from time to time specify, there is transferred to the Retention Account out of the Earnings received in the Earnings Account during the preceding calendar month:
Monthly retentions. Each Borrower undertakes with the Lender to ensure that, throughout the Security Period commencing on the date falling one month after the Drawdown Date of the Delivery Advance for the first Ship to be delivered and on the same day in each subsequent month, there is transferred to the Retention Account out of the Earnings received in the Earnings Accounts during the preceding calendar month:
Monthly retentions. The Borrowers undertake with the Lender to ensure that, on the date falling one month after the date on which the final Drawdown Notice is served and on the same day in each subsequent month throughout the Security Period, there is transferred to the Retention Account out of the Earnings received in the Earnings Account during the preceding month:
Monthly retentions. The Borrowers undertake with each Creditor Party to ensure that, in respect of each Tranche, in each calendar month of the Security Period after the Ship to which the Tranche in question relates has been delivered to the relevant Borrower under the relevant Shipbuilding Contract, on such dates as the Agent may from time to time specify, there is transferred to the relevant Retention Account out of the Earnings of that Ship received in the relevant Earnings Account during the preceding calendar month:
Monthly retentions. The Borrower shall ensure that (x) all Earnings of the Vessel paid into the Earnings Account on or prior to the 15th day of each calendar month shall be transferred to the Retention Account and (y) all or a portion of the Earnings of the Vessel paid into the Earnings Account on or after the 15th day of each calendar month shall be transferred to the Retention Account, so that on the last day of each calendar month, an aggregate amount equal to one-third of the Debt Service payable on the next Payment Date is transferred to the Retention Account. The Borrower hereby authorizes the Facility Agent and the Account Bank to make such transfer(s). The frequency and amount of such transfer(s) may be modified in the reasonable discretion of the Facility Agent if the payment intervals under the relevant Approved Charter changes.
