New Earnings Account means, in respect of each New Owner, an account opened or to be opened in the name of that New Owner with the Agent in Hamburg designated “[name of New Owner] - Earnings Account”, or any other account (with that or another office of the Agent) which is designated by the Agent as the Earnings Account for that New Ship for the purposes of the Loan Agreement and, in the plural, means both of them;
New Earnings Account means an account opened or to be opened in the name of Epicurus with the Facility Agent in Hamburg designated “Epicurus Shipping Company – Earnings Account”, or any other account (with that or another office of the Facility Agent) which is designated by the Lenders as the Earnings Account for Epicurus for the purposes of the Loan Agreement;
New Earnings Account means an account opened or to be opened in the name of Amoureux Carriers with the Agent in Hamburg designated “Amoureux Carriers Corp. - Earnings Account”, or any other account (with that or another office of the Agent) which is designated by the Agent as the Earnings Account for “AMOUREUX” for the purposes of the Loan Agreement;
Examples of New Earnings Account in a sentence
The Borrowers agree, jointly and severally, to pay to the Agent on demand all stamp, documentary, registration or other like duties or taxes (including any duties or taxes payable by the Creditors or any of them) imposed on or in connection with this Agreement and the New Earnings Account Pledges and shall indemnify the Creditors against any liability arising by reason of any delay or omission by the Borrowers or any of them to pay such duties or taxes.
More Definitions of New Earnings Account
New Earnings Account means an account opened or to be opened in the name of THE New Owner with the Agent in Hamburg designated “Mango Finance Corp. - Earnings Account”, or any other account (with that or another office of the Agent) which is designated by the Agent as the Earnings Account for “AGAMEMNON II” for the purposes of the Loan Agreement;
New Earnings Account means the interest bearing USD current account of the Head Charterer paying interest at a rate to be agreed between the Account Bank and the Head Charterer opened with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Payment Agent to be the New Earnings Account for the purposes of the Loan Agreement;
New Earnings Account means together, in relation to each Existing Ship, a current account and a time deposit account opened or (as the context may require) to be opened in the name of the Owner of that Ship with the Agent (in its office at Xxxxx Xxxx 00, X-00000 Xxxxxxx, Xxxxxxx), or any other account (with that or another office of the Agent) which is designated by the Agent as the New Earnings Account for that Existing Ship for the purposes of this Agreement;
New Earnings Account means an account opened or to be opened in the name of the New Owner with the Agent in Hamburg designated “Nxxxxxx International S.A. - Earnings Account”, or any other account (with that or another office of the Agent) which is designated by the Agent as the Earnings Account for “AXXXXX XX” for the purposes of the Loan Agreement;
New Earnings Account means the account opened or, as the context may require to be opened in the name of the Borrower with the Bank and with any branch of the Bank, as may be required by and at the discretion of the Bank, to which (inter alia) all Earnings of the Vessel are to be paid in accordance with Clauses 11.05 and 8.10(b) of the Loan Agreement and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Earnings Account for the purposes of such Loan Agreement;
New Earnings Account means each of the Xxxxx Earnings Account and the Rapallo Earnings Account and, in the plural, means both of them;
New Earnings Account means an account opened or to be opened in the name of the New Owner with the Bank for receipt of the Earnings or such other account or accounts as may be established for this purpose with the prior consent of the Bank;