Payment of Charter Earnings Sample Clauses

Payment of Charter Earnings. All Earnings which the relevant Owner is entitled to receive under the Charter Documents shall be paid in the manner required by the Security Documents.
AutoNDA by SimpleDocs
Payment of Charter Earnings. All Earnings which the relevant Owner is entitled to receive under the Charter Documents shall be paid in the manner required by the Security Documents (and, if the Charterer is a Group Member, without any set-off or counter-claim and free and clear of any deductions or withholdings).
Payment of Charter Earnings. 24.8 All Earnings which the Borrower is entitled to receive under the Charter Documents shall be paid in the manner required by the Security Documents. The Borrower will immediately notify the Agent if the Charterer has reduced, or becomes entitled to reduce, or otherwise set-off the Earnings under the terms of the Charter for a period exceeding 30 days. Force majeure
Payment of Charter Earnings it will pay the Charter Earnings in full in Dollars (and without any set-off or counterclaim whatsoever and free and clear of any deductions or withholdings) to the Operating Account or as the Mortgagee may otherwise direct under clause 4.1.1;
Payment of Charter Earnings. All Earnings which the Borrower or (as the case may be) the Charterer is entitled to receive under the Charter Documents shall be paid in the manner required by the Security Documents.”;
Payment of Charter Earnings. All Earnings which the relevant Owner is entitled to receive under the relevant Charter Documents for the Ship shall be paid into the Earnings Account or, following an Event of Default, in the manner required by the Finance Documents.

Related to Payment of Charter Earnings

  • Payment of Earnings The Borrower undertakes with each Creditor Party to ensure that throughout the Security Period (subject only to provisions of the relevant General Assignment), all the Earnings of each Ship are paid to the Earnings Account for that Ship.

  • Sharing of Earnings The Borrower shall procure that no Owner shall:

Time is Money Join Law Insider Premium to draft better contracts faster.