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Common use of SIXTHLY Clause in Contracts

SIXTHLY. the balance (if any) shall be paid as the Borrower shall direct in writing to the Lender.

Appears in 2 contracts

Sources: Loan Agreement (Omega Navigation Enterprises, Inc.), Loan Agreement (StealthGas Inc.)

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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