Common use of Account Terms Clause in Contracts

Account Terms. 14.2.1 Amounts standing to the credit of the Accounts (other than amounts used to meet the Minimum Cash Requirement and the Minimum Cash Collateral Requirement) shall (unless otherwise agreed between the Agent and the Borrowers), bear interest at the rates from time to time offered by the Account Bank to its customers for Dollar deposits in comparable amounts for comparable periods. Interest shall accrue on the Accounts from day to day and be calculated on the basis of actual days elapsed and a 360 day year and shall be credited to the Accounts at such times as the Account Bank and the Borrowers shall agree. 14.2.2 The Borrowers shall, unless and until an Event of Default shall occur and be continuing and the Agent shall direct to the contrary, be entitled from time to time to require that moneys for the time being standing to the credit of the Operating Accounts or the Retention Accounts be transferred in such amounts and for such periods as the Borrowers select to fixed-term deposit accounts ("deposit accounts") opened in the name of the relevant Borrower with the Account Bank. The Borrowers shall not be entitled pursuant to clauses 14.3 and 14.5 to withdraw moneys standing to the credit of deposit accounts which are the subject of a fixed term deposit until the expiry of the period of such deposit unless the Borrowers shall, on withdrawing such moneys pay to the Account Bank on demand any loss or expense which the Account Bank shall certify that it has sustained or incurred as a result of such withdrawal being made prior to the expiry of the period of the relevant deposit and the Account Bank shall be entitled to debit the relevant Account for the amount so certified prior to such withdrawal being made. In the event that any moneys deposited are to be applied pursuant to clause 14.6, the Borrowers shall, on such application being made, pay to the Account Bank on demand any loss or expense which the Account Bank shall certify that it has sustained or incurred as a result of such application being made prior to the expiry of the period of the relevant deposit and the Account Bank shall be entitled to debit the relevant Account for the amount so certified prior to such application being made. Any deposit accounts shall, for all the purposes of the Security Documents, be deemed to be sub-accounts of the Account from which the moneys deposited in the deposit accounts were transferred and all references in the Security Documents to the Operating Accounts and/or the Retention Accounts shall be deemed to include the deposit accounts deemed as aforesaid to be sub-accounts thereof.

Account Terms. 14.2.1 Amounts standing to the credit of the Accounts (other than amounts used to meet the Minimum Cash Requirement and the Minimum Cash Collateral Requirement) shall Operating Account shall, (unless otherwise agreed between the Agent Bank and the Borrowers), ) bear interest at the rates from time to time offered by the Account Bank to its customers for Dollar deposits in comparable amounts for comparable periods. Interest shall accrue on the Accounts Operating Account from day to day and be calculated on the basis of actual days elapsed and a 360 day year and shall be credited to the Accounts Operating Account at such times as the Account Bank and the Borrowers shall agree. 14.2.2 The Borrowers shall, unless and until an Event of a Default shall occur and be continuing and the Agent Bank shall direct to the contrary, be entitled from time to time to require that moneys for the time being standing to the credit of the Operating Accounts or the Retention Accounts Account be transferred in such amounts and for such periods as the Borrowers select to fixed-term deposit accounts ("“deposit accounts"”) opened in the name of the relevant Borrower Borrowers with the Account Bank. The Borrowers shall not be entitled pursuant to clauses clause 14.3 and 14.5 to withdraw moneys standing to the credit of deposit accounts the Operating Account which are the subject of a fixed term deposit until the expiry of the period of such deposit unless the Borrowers shall, on withdrawing such moneys moneys, pay to the Account Bank on demand any loss or expense which the Account Bank shall certify that it has sustained or incurred as a result of such withdrawal being made prior to the expiry of the period of the relevant deposit and the Account Bank shall be entitled to debit the relevant Operating Account for the amount so certified prior to such withdrawal being made. In the event that any moneys deposited are to be applied pursuant to clause 14.614.4, the Borrowers shall, on such application being made, pay to the Account Bank on demand any loss or expense which the Account Bank shall certify that it has sustained or incurred as a result of such application being made prior to the expiry of the period of the relevant deposit and the Account Bank shall be entitled to debit the relevant Operating Account for the amount so certified prior to such application being made. Any deposit accounts shall, for all the purposes of the Security Documents, be deemed to be sub-accounts of the Operating Account from which the moneys deposited in the deposit accounts were transferred and all references in the Security Documents to the Operating Accounts and/or the Retention Accounts Account shall be deemed to include the deposit accounts deemed as aforesaid to be sub-accounts thereof.

Account Terms. 14.2.1 Amounts standing to the credit of the Operating Accounts (other than amounts used to meet the Minimum Cash Requirement and the Minimum Cash Collateral Requirement) shall shall, (unless otherwise agreed between the Agent Bank the Borrower and each of the Borrowers), Owners) bear interest at the rates from time to time offered by the Account Bank to its customers for Dollar deposits in comparable amounts for comparable periods. Interest shall accrue on the Operating Accounts from day to day and be calculated on the basis of actual days elapsed and a 360 day year and shall be credited as appropriate to the Operating Accounts at such times as the Account Bank Bank, the Borrower and each of the Borrowers Owners shall agree. 14.2.2 The Borrowers Borrower and each of the Owners shall, unless and until an Event of a Default shall occur and be continuing and the Agent Bank shall direct to the contrary, be entitled from time to time to require that moneys for the time being standing to the credit of the Operating Accounts or the Retention Accounts be transferred in such amounts and for such periods as the Borrowers Borrower and each of the Owners select to fixed-term deposit accounts ("deposit accounts") opened in the name of the relevant Borrower and each of the Owners with the Account Bank. The Borrowers Borrower and each of the Owners shall not be entitled pursuant to clauses clause 14.3 and 14.5 to withdraw moneys standing to the credit of deposit accounts the Operating Accounts which are the subject of a fixed term deposit until the expiry of the period of such deposit unless the Borrowers Borrower and each of the Owners shall, on withdrawing such moneys moneys, pay to the Account Bank on demand any loss or expense which the Account Bank shall certify that it has sustained or incurred as a result of such withdrawal being made prior to the expiry of the period of the relevant deposit and the Account Bank shall be entitled to debit the relevant Operating Account for the amount so certified prior to such withdrawal being made. In the event that any moneys deposited are to be applied pursuant to clause 14.614.5, the Borrowers Borrower and each of the Owners shall, on such application being made, pay to the Account Bank on demand any loss or expense which the Account Bank shall certify that it has sustained or incurred as a result of such application being made prior to the expiry of the period of the relevant deposit and the Account Bank shall be entitled to debit the relevant Account Operating Accounts for the amount so certified prior to such application being made. Any deposit accounts shall, for all the purposes of the Security Documents, be deemed to be sub-accounts of the Account Operating Accounts from which the moneys deposited in the deposit accounts were transferred and all references in the Security Documents to the Operating Accounts and/or the Retention Accounts Account shall be deemed to include the deposit accounts deemed as aforesaid to be sub-accounts thereof.

Account Terms. 14.2.1 Amounts standing to The Lender acknowledges that the credit of the Accounts (other than amounts used to meet the Minimum Cash Requirement and the Minimum Cash Collateral Requirement) shall (unless otherwise agreed between the Agent and the Borrowers), bear interest at the rates from time to time offered by the Account Bank to its customers for Dollar deposits in comparable amounts for comparable periods. Interest shall accrue on the Accounts from day to day and be calculated on the basis of actual days elapsed and a 360 day year and shall be credited to the Accounts at such times as the Account Bank and the Borrowers shall agree. 14.2.2 The Borrowers shall, unless and until an Event of Default (or any event which only with the giving of notice or passage of time or a determination by the Lender and/or satisfaction of any condition or any combination of the foregoing may become an Event of Default) shall occur and be continuing and the Agent Lender shall direct to the contrary, be entitled from time to time time, to require that moneys for the time being standing to the credit of the Operating Accounts or the Retention Accounts any of them be transferred in such amounts and for such periods as the Borrowers select to fixed-term deposit accounts ("“deposit accounts"”) opened in the name of the relevant Borrower Borrowers with the Account BankLender. The None of the Borrowers shall not be entitled pursuant to clauses 14.3 and 14.5 to withdraw moneys standing to the credit of deposit accounts the Accounts or any of them which are the relevant subject of a fixed term deposit until the expiry of the period of such deposit unless the Borrowers Borrower(s) shall, on withdrawing such moneys pay to the Account Bank Lender on demand any loss or expense which the Account Bank Lender shall certify that it has sustained or incurred as a result of such withdrawal being made prior to the expiry of the period of the relevant deposit and the Account Bank Lender shall be entitled to debit the relevant Account for the amount so certified prior to such withdrawal being made. In the event that any moneys so deposited are to be applied pursuant to clause 14.6Clause 12, the Borrowers shall, on such application being made, pay to the Account Bank Lender on demand any loss or expense which the Account Bank Lender shall certify that it has sustained or incurred as a result of such application being made prior to the expiry of the period of the relevant deposit and the Account Bank Lender shall be entitled to debit the relevant Account for the amount so certified prior to such application being made. Any deposit accounts shall, for all the purposes of the Security Documents, be deemed to be sub-accounts of the Account Accounts from which the moneys deposited in the deposit accounts were transferred and all references in the Security Documents to the Operating Accounts and/or the Retention Accounts or any of them shall be deemed to include the deposit accounts deemed as aforesaid to be sub-accounts thereof.