Common use of Monthly retentions Clause in Contracts

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:

Appears in 2 contracts

Samples: Assignment Agreement (Grindrod Shipping Holdings Ltd.), Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)

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Monthly retentions. The Borrower In relation to each Advance, the Borrowers shall ensure that, in each calendar month after the Delivery DateDrawdown Date of the Advance, on such dates as the Facility Agent may from time to time specify, there is transferred to the applicable Retention Account out of the aggregate Earnings received in the Earnings applicable Operating Account during the preceding calendar month:

Appears in 1 contract

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

Monthly retentions. The Each Borrower shall ensure that, in each calendar month after following the Delivery first Utilisation Date, on such dates as the Facility Agent may from time to time specify, there is transferred to the Retention Account out of the aggregate Earnings received by that Borrower in the its Earnings Account during the preceding calendar month:

Appears in 1 contract

Samples: Agreement (Okeanis Eco Tankers Corp.)

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Monthly retentions. The Borrower shall ensure that, in each calendar month after following the Delivery Utilisation Date, on such dates as the Facility Agent may from time to time specify, there is transferred to the Retention its Debt Service Reserve Account out of the Earnings received in the Earnings Account during the preceding calendar month:

Appears in 1 contract

Samples: Facility Agreement (Okeanis Eco Tankers Corp.)

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