Common use of Debits for expenses etc Clause in Contracts

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the Operating Account without prior notice in order to discharge any amount due and payable to it under Clause 19 or 20 or payment of which it has become entitled to demand under Clause 19 or 20.

Appears in 4 contracts

Sources: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)

Debits for expenses etc. The Lender shall be entitled (but not obliged) from time to time to debit the Operating Account without prior notice in order to discharge any amount due and payable to it under Clause 19 or 20 or payment of which it has become entitled to demand under Clause 19 or 20.

Appears in 2 contracts

Sources: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Gala Properties Inc.)

Debits for expenses etc. The Lender Lenders shall be entitled (but not obliged) from time to time to debit the Operating Account without with prior notice in order to discharge any amount due and payable to it under Clause 19 20 or 20 21 or payment of which it has they have become entitled to demand under Clause 19 20 or 2021.

Appears in 1 contract

Sources: Loan Agreement (Euroseas Ltd.)