Permitted Account has the meaning provided in Section 2.4.
Permitted Account is defined in Section 6.6(a).
Permitted Account has the meaning set forth in Section 7.12.
Examples of Permitted Account in a sentence
Before any Grant funding is deposited into a Permitted Account, the Government shall ensure that the Accountable Entity enters into an agreement, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (each, a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (each, a “Bank Agreement”).
To the extent that any portion of the Disbursement is to be held in a Permitted Account, a Bank has been engaged, the Local Account and any other required Permitted Account has been established, and the Accountable Entity has delivered to MCC a copy of the Bank Agreement.
More Definitions of Permitted Account
Permitted Account means each demand deposit or other account approved by the Administrative Agent and each Group Agent and maintained in the United States with a bank for depositing payments made by (or on behalf of) Lessees including payments made by wire transfer or other methods of electronic payment or transfer.
Permitted Account means, in the case of a payment in relation to a Note, an account, denominated in euro, located outside the United States and its possessions as specified by the Payee.
Permitted Account has the meaning provided in Section 3.2(c)(i). Permitted Designee has the meaning provided in Section 4.2(b)(i). Principal Representative has the meaning provided in Section 7.2. Procurement Agent has the meaning provided in Section 2.2(b).
Permitted Account means in the case of a payment in relation to a GBP Note, a GBP account maintained by the payee with a bank in London, in the case of a payment in relation to an USD Note which is a Rule 144A Note, an USD account maintained by the payee with a bank in New York City; in the case of a payment in relation to an USD Note which is a Reg S Note, an USD account outside the United States and its possessions maintained by the payee with a bank as specified by the payee; and in the case of a payment in relation to the EUR Notes, an EUR account outside the United States and its possessions maintained by the payee with a bank as specified by the payee;
Permitted Account means a deposit account maintained by the Borrower at Comerica Bank, in which such deposits are restricted cash in favor of Comerica Bank. “Permitted Acquisition” shall mean any acquisition by the Borrower or any Guarantor of all or substantially all of the assets of another Person, or of a division or line of business of another Person, or any Equity Interests of another Person which satisfies and/or is conducted in accordance with the following requirements: (a) Such acquisition is of a business or Person engaged in a line of business which is compatible with, or complementary to, the business of the Borrower or such Guarantor or a reasonable extension therefrom; (b) If such acquisition is structured as an acquisition of the Equity Interests of any Person, then the Person so acquired shall (X) become a wholly-owned direct Domestic Subsidiary of the Borrower or of a Guarantor and the Borrower or the applicable Guarantor shall cause such acquired Person to comply with Section 6.13 hereof or (Y) provided that the Credit Parties continue to comply with Section 6.4(a) hereof, be merged with and into the Borrower or such a Guarantor (and, in the case of the Borrower, with the Borrower being the surviving entity); (c) If such acquisition is structured as the acquisition of assets, such assets shall be acquired directly by the Borrower or a Guarantor (subject to compliance with Section 6.4(a) hereof); (d) The Borrower shall have delivered to the Agent not less than ten (10) (or such shorter period of time agreed to in writing by the Agent) nor more than ninety (90) days prior to the date of such acquisition, notice of such acquisition together with Pro Forma Projected Financial Information, copies of all material documents relating to such acquisition (including then-current drafts of the acquisition agreement and any related document), and historical financial information (including income statements, balance sheets and cash flows) covering at least three (3) complete fiscal years of the acquisition target, if available, prior to the effective date of the acquisition or the entire operating existence of the acquisition target, whichever period is shorter, in each case in form and substance reasonably satisfactory to the Agent; (e) Both immediately before and after the consummation of such acquisition and after giving effect to the Pro Forma Projected Financial Information, no Default or Event of Default shall have occurred and be continuing;
Permitted Account has the meaning provided in Section 2.4. The Philippines has the meaning provided in the Preamble.
Permitted Account means any bank account established pursuant to the requirements of the Principal Program Documents and maintained for the purpose of receiving and re-disbursing MCC Assistance.