Offshore Mooring Payment Account Sample Clauses

Offshore Mooring Payment Account. The Borrower shall not withdraw or request a withdrawal of moneys from the Offshore Mooring Payment Account other than to (i) make any payment or repayment in respect of the Mooring Tranche in accordance with this Agreement; (ii) transfer amounts to the Construction Account or, following Final Acceptance the Offshore Revenue Account; or (iii) transfer moneys standing to the credit of the Offshore Mooring Payment Account to the Distribution Account provided always that (in the case of transfers to the Distribution Account):