Other bank accounts. (A) Each Obligor (but excluding KEO for these purposes) shall not open or maintain any bank accounts other than:
(i) the Project Accounts (including such other accounts established by KEG with the Account Bank which would be Project Accounts but for the execution of the Onshore Security Assignment and the Offshore Security Assignment by all the parties thereto in accordance with this Agreement), which shall not be overdrawn at any time and any withdrawals from such Project Accounts shall only be made out of cleared funds;
(ii) the Distributions Reserve Accounts, which shall not be overdrawn at any time; and
(iii) such accounts as may be necessary or appropriate for it to perform its obligations as an operator in relation to the Ghana Blocks and, except into which moneys received from, or for the account of, any other party may be paid as required (but any money being related to any carried interest (including in respect of the carried interest of EO) in relation to any Borrowing Base Asset shall be paid into an Offshore Proceeds Account) (an “Interested Third Party”), provided that in no event shall such accounts referred to in (ii) and (iii) above, or any moneys standing to the credit of such accounts referred to in (ii) and (iii) above, be available to the Lenders (except on an unsecured basis following the occurrence of any of the events described in clause 29.6 (Insolvency) and/or clause 29.7 (Insolvency proceedings)) or subject to any restrictions under the Finance Documents and shall not be subject to any Security Interest in favour of any Finance Party (but may be secured in favour of any other person other than the Finance Parties).
(B) The Lenders will account to KEH and/or the relevant Obligor if and to the extent they receive any proceeds from any account of KEO (which is not a Project Account) as referred to in clause 20.1(A) or any other account referred to in 20.2(A)(ii) or (A)(iii) above, and shall hold any such moneys to the account of, and on trust for, KEH or, as the case may be, KEO.
(C) Any Lender that is in receipt of proceeds as described in paragraph (B) above shall:
(i) within five Business Days notify details of the receipt or recovery to Kosmos, KEH and the Facility Agent; and
(ii) within five Business Days of demand by KEH or KEO, pay an amount equal to such receipt or recovery to KEH or, as the case may be, KEO.
Other bank accounts. Each Obligor shall (and the Borrower shall procure that each Relevant Obligor, each Holdco Group Member and each Group Member will) ensure that:
(a) Repatriation Account: at all times on and from the establishment of a Repatriation Account by an Offshore Group Member in accordance with paragraph (h) of Clause 23.45 (Conditions subsequent: hedging and security), any and all amounts to be transferred or paid by such Offshore Group Member to (or to the order of) any Onshore Group Member shall be deposited into and transferred or paid through the Repatriation Account of such Offshore Group Member;
Other bank accounts. The Borrower agrees that it shall not maintain any other depository accounts in which cash or proceeds of Collateral could be deposited, except for those accounts meeting the requirements of this item (ii). Pursuant to an agreement satisfactory in form and substance to the Bank, each bank or other financial institution at which such an account is maintained by the Borrower shall acknowledge that the Bank has a security interest in and to such account maintained with it, and shall agree that, either on a daily basis or upon receipt of instructions from the Bank, it will cause all collected funds in such account (except for any required minimum balances) to be deposited in a DDA by wire transfer.
Other bank accounts all of its rights in any credit balances on any other bank accounts and the indebtedness represented by them;
Other bank accounts open or maintain any account with any ------------------- recognised bank or building society other than:
(i) an account with the Bank of Scotland or any of its subsidiaries; or
(ii) any account existing at the Relevant Date in the name of or for the benefit of any company in the Target Group, provided that such accounts are closed within two months after the Relevant Date or as soon as practicable thereafter;
Other bank accounts. All funds of the Fund and the Holding Company shall be deposited in one or more bank accounts at Statx Xxxxxx
Other bank accounts. Without limiting the requirements of Section 5.8, neither the Borrower nor any Subsidiary thereof shall permit the balance held in any deposit accounts (other than the First National Bank Accounts and any deposit account with the Administrative Agent) to exceed $6,000,000 in the aggregate.
Other bank accounts ss.7.17....Distributions of Income to the Borrower ss.7.18....Borrowing Base Property ss.7.19....Intentionally Deleted ss.7.20....Plan Assets ss.7.21....Certificates of Occupancy; Licenses ss.7.22....Intentionally Deleted ss.7.23....Ground Leases
Other bank accounts. 7.1(b) Debt
Other bank accounts. None of the Accountholders shall at any time during the Security Period maintain any bank accounts (whether in their own name or otherwise) other than the Project Accounts except with the prior written consent of the Facility Agent.
