Common use of Requisition Compensation Clause in Contracts

Requisition Compensation. shall be held by it upon trust in the first place to pay or make good the Expenses and the balance shall be applied by the Mortgagee in the manner specified in clause 2.10 of the Corporate Guarantee.

Appears in 2 contracts

Sources: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Globus Maritime LTD)

Requisition Compensation. shall be held by it upon trust in the first place to pay or make good the Expenses and the balance shall be applied by the Mortgagee in the manner specified in clause 2.10 of the Corporate Guarantee.

Appears in 1 contract

Sources: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.)