Common use of Bank accounts and other financial transactions Clause in Contracts

Bank accounts and other financial transactions. No Owner shall: (a) maintain any current or deposit account with a bank or financial institution except for the deposit of money, operation of current accounts and the conduct of electronic banking operations with Lenders; (b) hold cash in any account (other than with a Lender) over or in respect of which any set-off, combination of accounts, netting or Security Interest exists except as permitted by clause 28.1 (General negative pledge); or (c) be party to any banking or financial transaction, whether on or off balance sheet, that is not expressly permitted under this clause 28 (Business restrictions).

Bank accounts and other financial transactions. No Owner Borrower shall: (a) maintain any current or deposit account with a bank or financial institution except for the deposit of money, operation of current accounts and the conduct of electronic banking operations with Lenders; (b) hold cash in any account (other than with a Lender) over or in respect of which any set-off, combination of accounts, netting or Security Interest exists except as permitted by clause 28.1 (General negative pledge); or (c) be party to any banking or financial transaction, whether on or off balance sheet, that is not expressly permitted under this clause 28 (Business restrictions).

Bank accounts and other financial transactions. No Owner shall: (a) maintain any current or deposit account with a bank or financial institution except for the deposit of money, operation of current accounts and the conduct of electronic banking operations with Lenders; (b) hold cash in any account (other than with a Lender) over or in respect of which any set-off, combination of accounts, netting or Security Interest exists except as permitted by clause 28.1 29.1 (General negative pledge); or (c) be party to any banking or financial transaction, whether on or off balance sheet, that is not expressly permitted under this clause 28 29 (Business restrictions).

Bank accounts and other financial transactions. No Owner Borrower shall: (a) maintain any current or deposit account with a bank or financial institution except for the deposit of money, operation of current accounts and the conduct of electronic banking operations with Lenders; (b) hold cash in any account (other than with a Lender) over or in respect of which any set-off, combination of accounts, netting or Security Interest exists except as permitted by clause 28.1 29.1 (General negative pledge); or (c) be party to any banking or financial transaction, whether on or off balance sheet, that is not expressly permitted under this clause 28 29 (Business restrictions).