Common use of Transfers to Retention Account Clause in Contracts

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. On the day in each calendar month during the Facility Period which numerically corresponds to the Drawdown Advance Date for each Tranche (or, if in any month in which 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 and irrevocably authorises the Agent to instruct the Account Holder to transfer from the Earnings Account to the Retention Account:Account:-

Transfers to Retention Account. On the day in each calendar month during the Facility Period which numerically corresponds to the day on which the Drawdown Date occurred (or, if in any month in which there is no such day, on the last Business Day of that month), the Borrower Borrowers shall procure that there is transferred from the Earnings Account (and irrevocably authorise the Agent to transfer from the Earnings Account) to the Retention Account:Account:-

Transfers to Retention Account. On the day in each calendar month during the Facility Period which numerically corresponds to the Drawdown Date in respect of a Vessel Tranche (or, if there is no such day, on the last Business Day of that month), the Borrower shall shall, subject to Clause 10.9, procure that there is transferred from the relevant Earnings Account to the relevant Retention Account:

Transfers to Retention Account. On the day in each calendar month during the Facility Period which numerically corresponds to the Drawdown Effective 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:: (a) one-third of the amount of the Repayment Instalment in respect of the Loan due on the next Repayment Date (which shall be deemed to be the day for that transfer if that day is a Repayment Date); and

Transfers to Retention Account. On Commencing from the date which is one calendar month after the Drawdown Date, 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. On the day in each calendar month during the Facility Period which numerically corresponds to the first Drawdown Date in respect of each Tranche (or, if there is no such day, on the last Business Day of that month), the Borrower Borrowers shall procure that there is transferred from the relevant Earnings Account to the Retention Account:

Transfers to Retention Account. On Following the Drawdown Date, on the day in each calendar month during the remainder of 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. On the day in each calendar month during the Facility Period which numerically corresponds to the first Drawdown Date (or, if there is no such day, on the last Business Day of that month), the Borrower Borrowers shall procure that there is transferred from the Earnings Account to the Retention Account: