Common use of Monthly retentions Clause in Contracts

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 Borrower undertakes with the Lender to ensure that, on in each calendar month of the date falling one month Security Period after the date on which the final Drawdown Notice is served and served, on such dates as the same day in each subsequent month throughout the Security PeriodLender may from time to time specify, there is transferred to the Retention Account out of the Earnings received in the Earnings Operating Account during the preceding calendar month:

Monthly retentions. The Borrowers undertake Borrower undertakes with the Lender to ensure that, on in each calendar month of the date falling one month Security Period after the date on which the final first Drawdown Notice is served and served, on such dates as the same day in each subsequent month throughout the Security PeriodLender may from time to time specify, there is transferred to the Retention Account out of the Earnings received in the Earnings Operating Account during the preceding calendar month: