Common use of Restriction on Clause in Contracts

Restriction on. withdrawal During the Facility Period no sum may be withdrawn from: 17.7.1 the Earnings Accounts without the prior written consent of the Lender (except in accordance with this Clause 17); and 17.7.2 the Cash Collateral Accounts without the prior written consent of the Lender. No Account shall be overdrawn.

Appears in 1 contract

Sources: Secured Loan Agreement (Euroseas Ltd.)

Restriction on. withdrawal During the Facility Period no sum may be withdrawn from:: 17. 17.7.1 7.1 the Earnings Accounts without the prior written consent of the Lender (except in accordance with this Clause 17); andand 17. 17.7.2 7.2 the Cash Collateral Accounts Account without the prior written consent of the Lender. No Account shall be overdrawn.

Appears in 1 contract

Sources: Secured Loan Agreement (Euroseas Ltd.)