Remittance of Earnings. The Borrower shall procure that all Net Earnings and any Requisition Compensation are paid to the Earnings Account or to such other account(s) as the Agent shall from time to time specify by notice in writing to the Borrower to begin as of no later than 30 June 2006 or such later date as the Banks shall agree.
Remittance of Earnings. The Borrower shall, throughout the Security Period, procure and ensure that all monies payable under the Charterparty and any other Earnings are paid to the Management Account unless and until such time as the Lender shall, following the occurrence of an Event of Default and whilst the same is continuing, require that the Charterparty Hire and any other Earnings of the Rig and all the Services Rendering Contract Payments are paid to the Facility Agent or as it may direct (whereafter the Borrower shall procure and ensure that the Charterparty Hire and any other Earnings and all the Services Rendering Contract Payments are paid in accordance with the directions of the Facility Agent).
Remittance of Earnings. The Borrower shall procure that all Earnings are promptly paid to the Earnings Account and, immediately upon the occurrence of an Event of Default which is continuing unremedied or unwaived, the Borrower shall procure that all Earnings are paid to such account(s) as the Agent shall from time to time specify by notice in writing to the Borrower.
Remittance of Earnings. Either Contracting Party undertakes to grant the other Contracting Party free transfer, in any freely convertible currency at the official rate of exchange at the time of transfer or remittance, of the excess of receipts over expenditure and taxes achieved on its area in connection with the carriage of passengers, baggage, mail shipments and freight by the designated airline of the other Contracting Party. Whenever the payment system between Contracting Parties is governed by a special agreement, that agreement shall apply.
Remittance of Earnings. (1) Either Contracting Party undertakes to grant the other Contracting Party free transfer of the excess of receipts over expenditure achieved on its territory in connection with the carriage of passengers, baggage, mail shipments and freight by the designated airline of the other Contracting Party. The procedure for such remittance, however, shall be in accordance with the foreign exchange regulations of the Contracting Party in the territory of which the revenue accrued.
Remittance of Earnings. Immediately upon the occurrence of an Event of Default and thereafter for so long as it continues, the Obligors' Agent shall procure that all Earnings are paid to such account(s) as the Agent shall from time to time specify by notice in writing to the Obligors' Agent in accordance with the terms of the Assignments, subject to applicable law and prior contractual arrangements.
