Common use of Prospective liabilities Clause in Contracts

Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 (Application of receipts) in respect of:

Appears in 5 contracts

Samples: Facility Agreement (Okeanis Eco Tankers Corp.), Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)

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Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 29.28 (Application of receipts) in respect of:

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.)

Prospective liabilities. Following enforcement acceleration of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 38.5 (Application of receipts; partial payments) in respect of:

Appears in 3 contracts

Samples: Facilities Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp)

Prospective liabilities. Following enforcement acceleration of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 36.5 (Application of receipts; partial payments) in respect of:

Appears in 2 contracts

Samples: Assignment Agreement (Ardmore Shipping Corp), Humber Shipco LLC (Ardmore Shipping Corp)

Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing a 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 32.28 (Application of receipts) in respect of:

Appears in 2 contracts

Samples: Facility Agreement (United Maritime Corp), Facility Agreement (United Maritime Corp)

Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing a 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 β€Ž30.28 (Application of receipts) in respect of:

Appears in 2 contracts

Samples: Assignment Agreement (United Maritime Corp), Assignment Agreement (Seanergy Maritime Holdings Corp.)

Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 32.28 (Application of receipts) in respect of:: 136

Appears in 2 contracts

Samples: Banks and Financial Institutions (Okeanis Eco Tankers Corp.), Banks and Financial Institutions (Okeanis Eco Tankers Corp.)

Prospective liabilities. Following enforcement of any of the Transaction Security, Security the Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any Recoveries in an a non 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) for later payment to the Facility Agent for application in accordance with under Clause 30.28 28.1 (Application Order of receiptsapplication) in respect of:

Appears in 2 contracts

Samples: Agreement (PCGI Intermediate Holdings LTD), Facility Agreement (PCGI Intermediate Holdings LTD)

Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing a 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 (Application of receipts) in respect of:

Appears in 2 contracts

Samples: Assignment Agreement (Global Ship Lease, Inc.), Junior Facility Agreement (Global Ship Lease, Inc.)

Prospective liabilities. Following enforcement acceleration of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any s Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 36.5 (Application of receipts; partial payments) in respect of:

Appears in 2 contracts

Samples: Assignment Agreement (Dorian LPG Ltd.), Assignment Agreement (Dorian LPG Ltd.)

Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing a 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) fit, acting reasonably, for later payment to the Facility Agent for application in accordance with Clause 30.28 29.28 (Application of receipts) in respect of:

Appears in 1 contract

Samples: Assignment Agreement (Pyxis Tankers Inc.)

Prospective liabilities. Following enforcement of any of the Transaction Security, the The Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 under clause 28.1 (Application Order of receiptsApplication) in respect of:of any amount that the Security Agent reasonably considers might become due or owing to a Secured Party at any time in the future. 105

Appears in 1 contract

Samples: Agreement (Hamilton Insurance Group, Ltd.)

Prospective liabilities. Following After enforcement of any of security created by the Transaction SecuritySecurity Documents, the Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any Recoveries in an one or more interest bearing suspense or impersonal account(s) accounts in the name of the Security Agent with such any financial institution (including itselfitself or any other Finance Party) and for so long as the Security Agent shall think thinks fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with under Clause 30.28 29.1 (Application Order of receiptsApplication) in respect of:

Appears in 1 contract

Samples: Facility Agreement (IHS Holding LTD)

Prospective liabilities. Following enforcement of any of the Transaction Security, the The Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 under clause 28.1 (Application Order of receiptsApplication) in respect of:of any amount that the Security Agent reasonably considers might become due or owing to a Secured Party at any time in the future.

Appears in 1 contract

Samples: Assignment Agreement (Hamilton Insurance Group, Ltd.)

Prospective liabilities. Following After enforcement of any of security created by the Transaction SecuritySecurity Documents, the Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any Recoveries in an one or more interest bearing suspense or impersonal account(s) accounts in the name of the Security Agent with such any financial institution (including itselfitself or any other Finance Party) and for so long as the Security Agent shall think thinks fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with under Clause 30.28 34.1 (Application Order of receiptsApplication) in respect of:

Appears in 1 contract

Samples: Credit Agreement (IHS Holding LTD)

Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 30.27 (Application of receipts) in respect of:

Appears in 1 contract

Samples: Assignment Agreement (Euroseas Ltd.)

Prospective liabilities. Following enforcement of any of the Transaction Security, Security the Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with under Clause 30.28 28.1 (Application Order of receiptsapplication) in respect of:

Appears in 1 contract

Samples: Agreement (PCGI Intermediate Holdings LTD)

Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 31.27 (Application of receipts) in respect of:

Appears in 1 contract

Samples: Agreement (Global Ship Lease, Inc.)

Prospective liabilities. Following acceleration or enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 34.5 (Application of receipts; partial payments) in respect of:

Appears in 1 contract

Samples: Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)

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Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 33.28 (Application of receipts) in respect of:

Appears in 1 contract

Samples: Agreement (Okeanis Eco Tankers Corp.)

Prospective liabilities. Following enforcement acceleration of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 39.5 (Application of receipts; partial payments) in respect of:

Appears in 1 contract

Samples: And Restatement Agreement (Ardmore Shipping Corp)

Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 32.28 (Application of receipts) in respect of:

Appears in 1 contract

Samples: Facility Agreement (Globus Maritime LTD)

Prospective liabilities. Following enforcement of any of the Transaction Security, acceleration the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 31.27 (Application of receipts) in respect of:

Appears in 1 contract

Samples: Assignment Agreement (Castor Maritime Inc.)

Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 31.28 (Application of receipts) in respect of:

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

Prospective liabilities. Following enforcement acceleration of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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 acting reasonably (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 34.5 (Application of receiptsReceipts – Partial Payments) in respect of:

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

Prospective liabilities. Following enforcement of any of the Transaction Securityacceleration, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 35.5 (Application of receipts; partial payments) in respect of:

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

Prospective liabilities. Following enforcement acceleration of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 34.5 (Application of receipts; partial payments) in respect of:

Appears in 1 contract

Samples: Assignment Agreement (Star Bulk Carriers Corp.)

Prospective liabilities. Following enforcement of any of the Transaction Securityacceleration, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 33.5 (Application of receipts; partial payments) in respect of:

Appears in 1 contract

Samples: Facility Agreement (Scorpio Tankers Inc.)

Prospective liabilities. Following enforcement acceleration of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 28.5 (Application of receipts; partial payments) in respect of:

Appears in 1 contract

Samples: Assignment Agreement (DryShips Inc.)

Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries 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) for later payment to the Facility Agent for application in accordance with Clause 30.28 29.27 (Application of receipts) in respect of:

Appears in 1 contract

Samples: Facility Agreement (Navios South American Logistics Inc.)

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