Permitted Accounts. The Government shall establish, or cause to be established, such accounts (each, a “Permitted Account,” and collectively “Permitted Accounts”) as may be agreed by the Parties in writing from time to time, including:
Permitted Accounts. (i) Any Grant funding to be disbursed to a bank account of the Government or Accountable Entity must be deposited in a bank account (the “Local Account”) established by the Government or the Accountable Entity, as applicable, in the local currency of The Gambia or United States dollars, as agreed by the Parties, at a financial institution acceptable to MCC. With prior MCC approval, the Accountable Entity may establish such other bank accounts as are needed for the purposes of implementing the Program (each such other bank account, together with the Local Account, a “Permitted Account”). Before any Grant funding is deposited into a Permitted Account, the Government shall ensure that the Accountable Entity enters into an agreement, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (each, a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (each, a “Bank Agreement”). The Bank shall be a commercial financial institution unless MCC otherwise agrees. The terms and operation of the Permitted Accounts shall be set forth in the Fiscal Accountability Plan and the Bank Agreement.
Permitted Accounts. Maintain any deposit, checking, operating, investment or other bank accounts other than (a) certain opened and maintained with Bank of Hawaii, First Hawaiian Bank by Black Construction Corporation, a Guam corporation, and/or by Black Micro Corporation, a Northern Marianas corporation, for their respective operations in Guam (the “FBH Accounts,”) (b) certain accounts opened or to opened by the Designated Foreign Subsidiaries in connection with the Indebtedness permitted by Section 8.03(l) (the “Designated Foreign Subsidiary Accounts”, and collectively with each of accounts referenced in the preceding clause (b) , the “Non-Lender Accounts”), (c) other than the Non-Lender Accounts, the deposit, checking, operating, investment and other bank accounts listed on Schedule 6.22, (d) payroll and xxxxx cash accounts opened in the ordinary course of business with imprest balances not to exceed $100,000 for each such account, and (e) all other deposit, checking, operating, investment and other bank accounts established after the Amendment Effective Date with any Lender, or, with the prior written consent of the Required Lenders, any other depositary institution or securities intermediary (the “Permitted Accounts”) provided that, (x) Borrower shall use its best efforts to deliver to Administrative Agent, a Control Agreement for each of the Non-Lender Accounts (other than the FBH Accounts and the Designated Foreign Subsidiary Accounts) on or before the thirtieth (30th) day after the date of this Agreement (unless prior to such day, such Non-Lender Account has been closed), and (y) in the event of any Default hereunder, Borrower will deliver to the Administrative Agent a Control Agreement, in form and substance satisfactory to the Administrative Agent, duly executed by the owner of any account described in (c) and (e) above (either Borrower or Borrower’s Subsidiary, as the case may be) and such depositary institution (including any Lender) or securities intermediary, as the case may be.
Permitted Accounts. (i) Any Grant funding to be disbursed to a bank account must be deposited in a bank account (the “Local Account”) established by the Accountable Entity in the local currency of Kosovo or United States dollars, as agreed by the Parties, at a financial institution acceptable to MCC. With prior MCC approval, the Accountable Entity may establish such other bank accounts as are needed for the purposes of implementing the Program (each such other bank account, together with the Local Account, a “Permitted Account”). Before any Grant funding is deposited into a Permitted Account, the Government will ensure that the Accountable Entity enters into an agreement, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (each a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (each a “Bank Agreement”). The terms and operation of the Permitted Accounts will be set forth in the Fiscal Accountability Plan and the Bank Agreement.
Permitted Accounts. (i) Unless MCC otherwise agrees in writing, any MCC Funding to be disbursed to a bank account must be deposited in an interest-bearing account established by MCA-Indonesia in the local currency of Indonesia (the “Local Account”) at a financial institution acceptable to MCC. The Local Account will be a Permitted Account. MCC and MCA-Indonesia also may mutually agree in writing to the establishment of additional Permitted Accounts from time to time at financial institutions acceptable to MCC. MCA-Indonesia will notify MCC promptly if any account information for a Permitted Account changes during the Compact Term and provide MCC with the updated information.
Permitted Accounts. (i) Any MCC Funding to be disbursed to a bank account must be deposited in an account established by MCA-Benin II in the local currency of Benin (the “Local Account”) at a financial institution acceptable to MCC, such Local Account to be interest-bearing to the extent practicable. The Local Account will be a Permitted Account. MCC and MCA-Benin II also may mutually agree in writing to the establishment of a Permitted Account for the deposit of the Government Contribution (the “Government Account”), and additional Permitted Accounts from time to time at financial institutions acceptable to MCC. MCA-Benin II will notify MCC promptly if any account information for a Permitted Account changes during the Compact Term and provide MCC with the updated information.
Permitted Accounts. (i) Any MCC Funding to be disbursed to a bank account must be deposited in an account established by MCA-Côte d’Ivoire in the local currency of Côte d’Ivoire (the “Local Account”) at a financial institution acceptable to MCC, such Local Account to be interest- bearing to the extent practicable. The Local Account will be a Permitted Account. MCC and MCA-Côte d’Ivoire also may mutually agree in writing to the establishment of additional Permitted Accounts from time to time at financial institutions acceptable to MCC, which additional Permitted Accounts will also be interest bearing to the extent practicable. MCA-Côte d’Ivoire agrees to notify MCC promptly if any account information for a Permitted Account changes during the Compact Term and provide MCC with the updated information.
Permitted Accounts. (i) From time to time as authorized or directed by MCC, the Government shall establish (or cause to be established) bank accounts, denominated in local currency or in U.S. Dollars, and on terms and at a financial institution acceptable to MCC, that are necessary or otherwise appropriate to fulfil the terms of this Agreement (any such account, a “Permitted Account”). Before any Grant funding is deposited into a Permitted Account, the Government shall enter, or ensure that the Permitted Designee enters, into a bank agreement, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (each a “Bank”), which sets forth the signatory authority, access rights, anti- money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (each a “Bank Agreement”). The terms and operation of the Permitted Accounts shall be set forth in the Interim Fiscal Accountability Plan and the Bank Agreement.
Permitted Accounts. (i) Any MCC Funding to be disbursed to a bank account must be deposited in one or more Permitted Accounts, which shall be established by MCA-Malawi II and must be held at a financial institution acceptable to MCC and interest-bearing to the extent practicable. MCA-Malawi II may designate one of the Permitted Accounts to hold funds denominated in the local currency of Malawi (the “Local Account”) and shall designate one of the Permitted Accounts solely for the deposit of the Government Contribution (“Government Account”). MCA-Malawi II shall notify MCC promptly if any account information for a Permitted Account changes during the Compact Term and provide MCC with the updated information.
Permitted Accounts. (i) Any MCC Funding to be disbursed to a bank account must be deposited in one or more Permitted Accounts, which shall be established by MCA-Benin Regional and must be held at a financial institution acceptable to MCC and interest-bearing to the extent practicable. MCA-Benin Regional may designate one of the Permitted Accounts to hold funds denominated in the local currency of Benin (the “Local Account”) and shall designate one of the Permitted Accounts solely for the deposit of the Government Contribution (“Government Account”). MCA-Benin Regional shall notify MCC promptly if any account information for a Permitted Account changes during the Compact Term and provide MCC with the updated information.
