Transfers to Retention Account. On the day in each calendar month during the Facility Period which numerically corresponds to the Drawdown Date (or, if there is no such day, on the last Business Day of that month), the Borrower shall procure that there is transferred from the Earnings Account to the Retention Account:
Transfers to Retention Account. (a) The Borrower shall procure that upon receipt of any amounts representing proceeds of a sale, Total Loss or, upon non delivery of a Vessel, sums received pursuant to the Refund Guarantees or from the Builder or, if any terminations fees are payable under any Time Charter, proceeds following the termination of that Time Charter, such amounts are paid into the Retention Account.
Transfers to Retention Account. The Borrower undertakes with each Creditor Party to ensure that in each calendar month of the Security Period commencing on the date falling 1 month after the Effective Date and on the same day in each subsequent calendar month there is transferred to the Retention Account out of the Earnings of that Ship received in the relevant Earnings Account during the preceding calendar month:
Transfers to Retention Account. During each month of the Security Period (but by no later than, in the case of the first such month, the date falling fifteen (15) days after the first Drawdown Date and, in the case of each subsequent month, the same date of that month), these shall be transferred from the Operating Account to the Retention Account out of the aggregate amount of Earnings received in the Operating Account during the preceding month:
Transfers to Retention Account. In respect of each Vessel Loan, on the day in each calendar month during the Facility Period which numerically corresponds to the relevant first Drawdown Date (or, if there is no such day, on the last Business Day of that month), the Borrowers shall procure that there is transferred from the Earnings Accounts or either of them to the Retention Account:
Transfers to Retention Account. The Borrower undertakes with each Creditor Party to ensure that on each Retention Date, there is transferred to the Retention Account out of the aggregate Earnings received in the Earnings Accounts during the preceding calendar month the Retention Amount for such Retention Date.
Transfers to Retention Account. (a) The Security Parties shall procure that upon receipt of any amounts representing proceeds of a sale, Total Loss or, upon non delivery of a Vessel, sums received pursuant to the Refund Guarantees or from the Builder or, if any terminations fees are payable under any Time Charter, proceeds following the termination of that Time Charter, such amounts are paid into the Retention Account.
