Common use of Application of Receipts Clause in Contracts

Application of Receipts. Except as expressly stated to the contrary in any Finance Document, any moneys which the Facility Agent receives or recovers in its capacity as Facility Agent shall be applied by the Facility Agent in accordance with Clause 33.5 (Application of receipts; partial payments).

Appears in 11 contracts

Sources: Facility Agreement (Euroseas Ltd.), Term Loan Facility Agreement (Okeanis Eco Tankers Corp.), Term Loan Facility Agreement (Icon Energy Corp)

Application of Receipts. Except as expressly stated to the contrary in any Finance Document, any moneys which the Facility Agent receives or recovers in its capacity as Facility Agent shall be applied by the Facility Agent in accordance with Clause 33.5 35.5 (Application of receipts; partial payments).

Appears in 10 contracts

Sources: Loan Agreement (International Seaways, Inc.), Term Loan Facility (Global Ship Lease, Inc.), Term Loan Facility (United Maritime Corp)

Application of Receipts. Except as expressly stated to the contrary in any Finance Document, any moneys which the Facility Agent receives or recovers in its capacity as Facility Agent shall be applied by the Facility Agent in accordance with Clause 33.5 34.5 (Application of receipts; partial payments).

Appears in 9 contracts

Sources: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Global Ship Lease, Inc.), Term Loan Facility (Navios Maritime Partners L.P.)

Application of Receipts. Except as expressly stated to the contrary in any Finance Document, any moneys which the Facility Agent receives or recovers in its capacity as Facility Agent shall be applied by the Facility Agent in accordance with Clause 33.5 32.5 (Application of receipts; partial payments).

Appears in 8 contracts

Sources: Facility Agreement (Navios Maritime Partners L.P.), Term Loan Facility Agreement (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.)

Application of Receipts. Except as expressly stated to the contrary in any Finance Document, any moneys which the Facility Agent receives or recovers in its capacity as Facility Agent shall be applied by the Facility Agent in accordance with Clause 33.5 38.5 (Application of receipts; partial payments).

Appears in 5 contracts

Sources: Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp), Term and Accordion Facilities Agreement (Ardmore Shipping Corp), Term, Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp)

Application of Receipts. Except as expressly stated to the contrary in any Finance Document, any moneys which the Facility Agent receives or recovers in its capacity as Facility Agent shall be applied by the Facility Agent in accordance with Clause 33.5 36.5 (Application of receipts; partial payments).

Appears in 5 contracts

Sources: Term Loan Facility (Okeanis Eco Tankers Corp.), Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)

Application of Receipts. Except as expressly stated to the contrary in any Finance Document, any moneys which the Facility Agent receives or recovers in its capacity as Facility Agent shall be applied by the Facility Agent in accordance with Clause 33.5 37.5 (Application of receipts; partial payments).

Appears in 3 contracts

Sources: Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)

Application of Receipts. Except as expressly stated to the contrary in any Finance Document, any moneys which the Facility Agent receives or recovers in its capacity as Facility Agent shall be applied by the Facility Agent in accordance with Clause 33.5 39.5 (Application of receipts; partial payments).

Appears in 2 contracts

Sources: Loan Agreement (Ardmore Shipping Corp), Loan Agreement (Ardmore Shipping Corp)

Application of Receipts. Except as expressly stated to the contrary in any Finance Loan Document, any moneys which the Facility Agent receives or recovers in its capacity as Facility Agent shall be applied by the Facility Agent in accordance with Clause 33.5 Section 7.5 (Application of receiptsReceipts; partial paymentsPartial Payments).

Appears in 2 contracts

Sources: Credit Agreement (SEACOR Marine Holdings Inc.), Credit Agreement (SEACOR Marine Holdings Inc.)

Application of Receipts. Except as expressly stated to the contrary in any Finance Document, any moneys which the Facility Agent receives or recovers in its capacity as Facility Agent shall be applied by the Facility Agent in accordance with Clause 33.5 (Application of receipts; partial payments).

Appears in 2 contracts

Sources: Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)

Application of Receipts. Except as expressly stated to the contrary in any Finance Document, any moneys which the Facility Agent receives or recovers in its capacity as Facility Agent shall be applied by the Facility Agent in accordance with Clause 33.5 β€Ž33.5 (Application of receipts; partial payments).

Appears in 2 contracts

Sources: Facility Agreement (United Maritime Corp), Term Loan Facility (Seanergy Maritime Holdings Corp.)

Application of Receipts. Except as expressly stated to the contrary in any Finance Document, any moneys which the Facility Agent receives or recovers in its capacity as Facility Agent shall be applied by the Facility Agent in accordance with Clause 33.5 28.5 (Application of receipts; partial payments).

Appears in 1 contract

Sources: Term Loan Facility (DryShips Inc.)

Application of Receipts. Except as expressly stated to the contrary in any Finance Document, any moneys which the Facility Agent receives or recovers in its capacity as Facility Agent shall be applied by the Facility Agent in accordance with Clause 33.5 34.5 (Application of receipts; partial payments).

Appears in 1 contract

Sources: Term Loan Agreement (Ocean Rig UDW Inc.)