Pool Agreements means any agreement or other arrangement entered into by any Borrower or the Charterer concerning the sharing of any Earnings and/or expenses relating to any of the Vessels;
Examples of Pool Agreements in a sentence
The payables and receivables between the respective companies of the P7S1 Group on the one hand and the Nordic Companies on the other hand (including interest) under the Existing IC Loan Agreements as of the Locked-box Date and as of November 30, 2012 are set out in Annex 5.1(a)-2.(b)Certain Nordic Companies as cash pool members and P7S1 as cash pool leader are parties to the cash pool agreements listed in Annex 5.1(b)-1 (the "Cash Pool Agreements").
Each Borrower will, and will cause each of its Subsidiaries to, use the proceeds of the Advances for general corporate purposes, including without limitation, for working capital and other funding needs, to fund loans under and pursuant to the Money Pool Agreements, and to pay fees and expenses incurred in connection with this Agreement.
The Entry Agreement and the STJS Agreement are collectively referred to herein as the "Pool Agreements".
It will ensure that all gross Earnings and other payments to the Borrowers deriving from the Vessels (excluding any commissions under any Vessel Employment Contracts or management fees under Management Agreements and/or Pool Agreements approved by the Lenders) shall be paid directly from the relevant charterer or pool manager to the Borrowers' accounts with the Agent.
This Agreement is supplemental to, and shall have effect as if it formed part of and is incorporated into, each of the Pool Agreements which, save to the extent modified by this Agreement, shall continue in full force and effect, including, without limitation, with regard to the relevant law, jurisdiction and notice provisions of the the relevant Pool Agreement.