Allseas Bank Account. Allseas shall have opened a demand deposit account with HSBC Bermuda Bank Limited for the purpose of receiving freights and other amounts under the Sub-COA, and for the purpose of receiving from Mid-Ship Group LLC freights and other amounts paid by Noranda Alumina LLC, its successors and assigns under the COA (the “Bulk Discovery Freights Account”).
Appears in 2 contracts
Samples: Loan and Guaranty Agreement (Pangaea Logistics Solutions Ltd.), Loan and Guaranty Agreement (Quartet Holdco Ltd.)
Allseas Bank Account. Allseas shall have opened a demand deposit account with HSBC Bermuda Bank Limited for the purpose of receiving freights and other amounts under the Sub-COACOA with respect to the Vessel, and for the purpose of receiving from Mid-Ship Group LLC freights and other amounts paid by Noranda Alumina LLC, its successors and assigns under the COA (the “Bulk Discovery Cajun Freights Account”).
Appears in 2 contracts
Samples: Loan and Guaranty Agreement (Pangaea Logistics Solutions Ltd.), Loan and Guaranty Agreement (Quartet Holdco Ltd.)