Payment of Earnings. Each Borrower shall ensure that subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the Ship owned by it are paid in to its Earnings Account.
Appears in 5 contracts
Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.)
Payment of Earnings. (a) Each Borrower shall ensure that that, subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the Ship owned by it are paid in to its Earnings AccountAccount and no set off rights will be granted by any Borrower to the Account Bank.
Appears in 2 contracts
Samples: Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.)
Payment of Earnings. Each Borrower shall ensure that that, subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the its Ship owned by it are paid in to into its Earnings Account.
Appears in 2 contracts
Samples: Facility Agreement (United Maritime Corp), Facility Agreement (United Maritime Corp)
Payment of Earnings. Each Borrower shall ensure that that, subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the Ship owned by it are paid in to its Earnings Account.
Appears in 2 contracts
Samples: Junior Facility Agreement (Global Ship Lease, Inc.), Management Agreement (Diana Shipping Inc.)
Payment of Earnings. Each Borrower shall ensure that that, subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the its Ship owned by it are paid in to its Earnings Account.
Appears in 2 contracts
Samples: Assignment Agreement (Seanergy Maritime Holdings Corp.), Assignment Agreement (United Maritime Corp)
Payment of Earnings. Each Borrower shall ensure that that, subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the Ship Vessel owned by it are paid in to its Earnings Account.
Appears in 1 contract
Payment of Earnings. Each Borrower shall ensure that subject only to the provisions of the General Assignment or, as the case may be, Deed of Covenant to which it is a party, all the Earnings in respect of the Ship owned by it are paid in to its Earnings Account.
Appears in 1 contract
Payment of Earnings. Each Borrower shall ensure that subject only to the provisions of the General and Charterparty Assignment to which it is a party, all the Earnings in respect of the that Ship owned by it are paid in to its Earnings Account.; and
Appears in 1 contract
