Normal order of application. Except as any Finance Document may otherwise provide, any sums which are received or recovered by the Lender under or by virtue of any Finance Document after service of notice on the Borrowers under Clause 19.2(a) or (b) shall be applied:
Appears in 2 contracts
Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)
Normal order of application. Except as any Finance Document may otherwise provide, any sums which are received or recovered by the Lender under or by virtue of any Finance Document shall be applied after service of notice on the Borrowers under Clause 19.2(a18.2 (a) or (b) shall be applied:
Appears in 2 contracts
Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)
Normal order of application. Except as any Finance Document may otherwise provide, any sums which are received or recovered by the Lender any Creditor Party under or by virtue of any Finance Document after the service of a notice on the Borrowers Borrower under Clause 19.2(aClauses 20.2(a)(i) or (bii) shall be applied:
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)
