Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 (Application of receipts) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s discretion in accordance with the provisions of Clause 30.28 (Application of receipts).
Appears in 3 contracts
Samples: Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 29.28 (Application of receipts) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s discretion in accordance with the provisions of Clause 30.28 29.28 (Application of receipts).
Appears in 3 contracts
Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 36.5 (Application of receipts; partial payments) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s discretion in accordance with the provisions of this Clause 30.28 33.7 (Application Investment of receiptsproceeds).
Appears in 3 contracts
Samples: Humber Shipco LLC (Ardmore Shipping Corp), Assignment Agreement (Dorian LPG Ltd.), Assignment Agreement (Dorian LPG Ltd.)
Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 32.28 (Application of receipts) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s 's discretion in accordance with the provisions of Clause 30.28 32.28 (Application of receipts).
Appears in 3 contracts
Samples: Facility Agreement (United Maritime Corp), Banks and Financial Institutions (Okeanis Eco Tankers Corp.), Banks and Financial Institutions (Okeanis Eco Tankers Corp.)
Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 30.28 (Application of receipts) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s 's discretion in accordance with the provisions of Clause 30.28 30.28 (Application of receipts).
Appears in 2 contracts
Samples: Assignment Agreement (United Maritime Corp), Assignment Agreement (Seanergy Maritime Holdings Corp.)
Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 (Application of receipts) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s discretion in accordance with the provisions of Clause 30.28 (Application of receipts).
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Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 (Application of receipts) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s 's discretion in accordance with the provisions of Clause 30.28 (Application of receipts).
Appears in 1 contract
Samples: Assignment Agreement (Taylor Maritime Investments LTD)
Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 30.27 (Application of receipts) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s 's discretion in accordance with the provisions of Clause 30.28 30.27 (Application of receipts).
Appears in 1 contract
Samples: Assignment Agreement (Euroseas Ltd.)
Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 34.5 (Application of receipts; partial payments) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s discretion in accordance with the provisions of this Clause 30.28 31.30 (Application Investment of receiptsproceeds).
Appears in 1 contract
Samples: Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 32.28 (Application of receipts) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s discretion in accordance with the provisions of Clause 30.28 32.28 (Application of receipts).
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Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 33.28 (Application of receipts) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s 's discretion in accordance with the provisions of Clause 30.28 33.28 (Application of receipts).
Appears in 1 contract
Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 33.5 (Application of receipts; partial payments) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s discretion in accordance with the provisions of this Clause 30.28 (Application Investment of receiptsproceeds).
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Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 29.27 (Application of receipts) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s 's discretion in accordance with the provisions of Clause 30.28 29.27 (Application of receipts).
Appears in 1 contract
Samples: Facility Agreement (Navios South American Logistics Inc.)
Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 31.27 (Application of receipts) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s 's discretion in accordance with the provisions of Clause 30.28 31.27 (Application of receipts).
Appears in 1 contract
Samples: Agreement (Global Ship Lease, Inc.)
Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 34.5 (Application of receipts; partial payments) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s 's discretion in accordance with the provisions of this Clause 30.28 31.30 (Application Investment of receiptsproceeds).
Appears in 1 contract
Samples: Assignment Agreement (Grindrod Shipping Holdings Ltd.)
Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 31.28 (Application of receipts) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s discretion in accordance with the provisions of Clause 30.28 31.28 (Application of receipts).
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Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 31.27 (Application of receipts) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s discretion in accordance with the provisions of Clause 30.28 31.27 (Application of receipts).
Appears in 1 contract
Investment of Proceeds. Prior to the payment of the proceeds of the Recoveries to the Facility Agent for application in accordance with Clause 30.28 35.5 (Application of receipts; partial payments) the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the payment from time to time of those moneys in the Security Agent’s discretion in accordance with the provisions of this Clause 30.28 32.30 (Application Investment of receiptsproceeds).
Appears in 1 contract