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Common use of SIXTHLY Clause in Contracts

SIXTHLY. the surplus (if any) shall be paid to the Owner or to any other person appearing to be entitled to it.

Appears in 2 contracts

Sources: Supplemental Agreement (TBS International PLC), Supplemental Agreement (TBS International PLC)

Parent Clauses

  • Normal order of application
  • Application of Receipts
  • Accounts prima facie evidence
  • SEANERGY MARITIME HOLDINGS CORP
  • ISPS Code

Sub-Clauses

  • Debits for expenses etc
  • Borrower’s obligations unaffected
  • Payment of Earnings
  • Location of accounts
  • Payments from Earnings Account
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