Common use of Earnings Account Clause in Contracts

Earnings Account. withdrawals Any sums standing to the credit of the Earnings Account (other than the Pledged Deposit) may be applied by the Borrower from time to time, subject to no Event of Default having occurred and being continuing, in (i) making the payments required under this Agreement and the other Security Documents (ii) the operation of the Vessel and (iii) payment of dividends to its shareholders annually.

Earnings Account. withdrawals Any sums standing to the credit of the an Earnings Account (other than the Pledged Deposit) may be applied by the Borrower Borrowers from time to time, subject to no Event of Default having occurred which is continuing unremedied and being continuingunwaived, in (i) making the payments required under this Agreement and the other Security Documents Agreement, (ii) the supply, crewing, management, maintenance, repair, insurance, operation and trading of the Vessel Mortgaged Vessels and (iii) payment of dividends to its their shareholders annually.

Earnings Account. withdrawals Any sums standing to the credit of the any Earnings Account (other than the Pledged Deposit) may be applied by the Borrower Borrowers from time to time, subject to no Event of Default having occurred and being continuingoccurred, in (i) making the payments required under this Agreement and the other Security Documents (ii) the operation of the Vessel owned by the relevant Borrower and (iii) subject to Clause 10.3.14 (Share capital and distribution), payment of dividends to its shareholders the Shareholder annually.

Earnings Account. withdrawals Any sums standing to the credit of the an Earnings Account (other than the Pledged Deposit) may be applied by the Borrower Borrowers from time to time, subject to no Event of Default having occurred which is continuing unremedied and being continuingunwaived, in (i) making the payments required under this Agreement and or the other Security Documents Master Agreement (ii) the supply, crewing, management, maintenance, repair, insurance, operation and trading of the Vessel Mortgaged Vessels and (iii) payment of dividends to its their shareholders annually.

Earnings Account. withdrawals Any sums standing to the credit of the Earnings Account (other than the Pledged Deposit) may be applied by the Borrower from time to time, subject to no Event of Default having occurred which is continuing unremedied and being continuingunwaived, in (i) making the payments required under this Agreement and the other Security Documents (ii) the supply, crewing, management, maintenance, repair, insurance, operation and trading of the Vessel and (iii) payment of dividends to its their shareholders annually.