Common use of Monthly retentions Clause in Contracts

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 Borrowers undertake Borrower undertakes with each Creditor Party to ensure that, on and from the date falling one in each calendar month after each Drawdown Date and at monthly intervals thereafter during of the Security PeriodPeriod after the Drawdown Notice is served, on such dates as the Agent may from time to time specify, there are is transferred in respect of each the Advance drawn on that Drawdown Date to the Retention Account (in respect of sub- clauses (a) and (b)) out of the Earnings received in the relevant Earnings Account during the preceding calendar month:

Monthly retentions. The Borrowers undertake Borrower undertakes with each Creditor Party to ensure that, on and from the date falling one month after each the Drawdown Date and at monthly intervals thereafter during the Security Period, there are transferred in respect of each Advance Loan drawn on that the Drawdown Date to the Retention Account out of the Earnings received in the relevant Earnings Account during the preceding month:

Monthly retentions. The Borrowers undertake with each Creditor Party to ensure that, on and from the date falling one month after each the 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 Borrowers undertake with each Creditor Party to ensure that, that throughout the Security Period commencing on and from the date falling one month after each the Drawdown Date of each Tranche and at monthly intervals thereafter during on the Security Periodsame day in each subsequent month, there are is 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 monthto:

Monthly retentions. The Borrowers undertake with each Creditor Party to ensure that, that throughout the Security Period commencing on and from the date falling one month after each the Drawdown Date and at monthly intervals thereafter during on the Security Periodsame day in each subsequent month, there are is 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 calendar month:

Monthly retentions. The Each of the Borrowers undertake undertakes with each Creditor Party to ensure that, on and from the date falling one month after each the 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 Accounts during the preceding month:

Monthly retentions. The Borrowers undertake with each Creditor Party to ensure that, that throughout the Security Period commencing on and from the date falling one month after each Drawdown Date and at monthly intervals thereafter during on the Security Periodsame day in each subsequent month, there are is 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 Accounts during the preceding calendar month:

Monthly retentions. The Borrowers undertake Borrower undertakes with each Creditor Party to ensure that, on and from the date falling one month after each the 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 Borrowers undertake with each Creditor Party to ensure that, that throughout the Security Period commencing on and from the date falling one month after each the Drawdown Date of each Tranche and at monthly intervals thereafter during on the Security Periodsame day in each subsequent month, there are is 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 Accounts during the preceding calendar month:

Monthly retentions. The Borrowers undertake Borrower undertakes with each Creditor Party to ensure that, on and from the date falling one month after each the Initial Drawdown Date and at monthly intervals thereafter on the same day of each following month during the Security Period, there are is transferred in respect of each Advance drawn on that Drawdown Date to the Retention Account out of by either the Earnings received in Borrower, the relevant Earnings Account during the preceding monthShareholders or Dryships:

Monthly retentions. The Borrowers undertake with each Creditor Party to ensure that, that throughout the Security Period commencing on and from the date falling one month after each the Drawdown Date of each Tranche and at monthly intervals thereafter during on the Security Periodsame day in each subsequent month, there are is transferred in respect of each Advance drawn on that Drawdown Date to the Retention Account out of the Earnings received in the relevant Earnings Accounts and/or at the option of the Borrowers, which shall be exercised by serving a notice in writing not later than the applicable transfer date, out of any amounts standing to the credit of the Management Account during the preceding calendar month:

Monthly retentions. The Borrowers undertake with each Creditor Party to ensure the Bank that, throughout the Facility Period, commencing on and from the date falling one month after each the Drawdown Date and at monthly intervals thereafter during on the Security Periodsame day in each subsequent month, there are is transferred in respect of each Advance drawn on that Drawdown Date to the Retention Account out of the aggregate Earnings received in the relevant each Earnings Account during the preceding calendar month:

Monthly retentions. The Borrowers undertake Borrower undertakes with each Creditor Party to ensure that, on and from the date falling one month after each the Drawdown Date and at monthly intervals thereafter during the Security Period, there are transferred in respect of each Advance drawn on that the Drawdown Date to the Retention Account out of the Earnings received in the relevant Earnings Account during the preceding month:

Monthly retentions. The Borrowers undertake with each Creditor Party to ensure that, on and from the date falling one month after each Drawdown Date 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 Accounts during the preceding month:

Monthly retentions. The Borrowers undertake Borrower undertakes with each Creditor Party to ensure that, throughout the Security Period commencing on and from the date falling one month after each the first Drawdown Date and at monthly intervals thereafter during on the Security Periodsame day in each subsequent month, there are is 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 Accounts during the preceding calendar month:

Monthly retentions. The Borrowers undertake with each Creditor Party to ensure that, throughout the Security Period and commencing on and from the date falling one (1) month after the Drawdown Date, and thereafter on the same day in each Drawdown Date and at monthly intervals thereafter during the Security Periodsubsequent month, there are is transferred in respect of each Advance drawn on that Drawdown Date to the Retention Account out of the aggregate Earnings received in the relevant Earnings Account during the preceding calendar month: