Definice Reference Account

Reference Account means the Client’s current account kept with the Bank and which is specified in the Frame Agreement for the purpose of the Multicurrency Overdraft Credit.

Reference Account means the Client’s current account kept with the Bank and which is specified in the Frame Agreement for the purpose of the Multicurrency Overdraft Credit. “Sanctions“ shall mean any economic or financial sanction, trade embargo or similar measure enacted, administered or enforced by the United Nations, the United States of America, the European Union (or any member state thereof) or by any of its agencies. “Sanctioned Person“ shall mean any natural person or legal entity who is a designated target of Sanctions or is otherwise a subject of Sanctions (including without limitation as a result of being (a) controlled directly or indirectly by any person which is a designated target of Sanctions, or (b) organised under the laws of, or a citizen or resident of, any country that is subject to Sanctions). “TF OnLine Service” shall mean the service provided to the Client based on the Contract for Provision of TF OnLine Service. “Contract for Provision of TF OnLine Service“ shall mean the Contract for Provision of the TF OnLine Service concluded between the Bank and the Client and based on which the Bank provides the Client via an electronic application the services related to credits, bank guarantees, letters of credit and documentary collections. “Present Value of the New Credit” shall mean the present value of all payments from the Credit which the Bank shall receive after the prepayment of the Credit, including the prepaid principal of the Credit. In case of the prepayment of the Credit to the full extent, the present value of the new credit shall be equal to the current outstanding principal of the Credit. “Present Value of the Original Credit” shall mean the present value of all payments from the Credit which the Bank would receive under original terms and conditions for the term of respective Relevant Periods. “Group Member“ shall mean the person to which the Client is connected by ownership or personally or with whom the Client forms a group. “Interest Period” shall mean a period for which the PRIBOR/LIBOR/EURIBOR rate for a relevant Credit has been determined. “Credit” shall mean, collectively or separately, all forms of credit arranged under the Frame Agreement. "Free Limit of the Global Limit of Financing" shall mean a daily amount of a difference between the Global Limit of Financing and the Drawdown of the Global Limit of Financing. "Free Limit of the Short-Term Credit Lines" shall mean a daily amount of a difference between the Limit of the Short-Term ...

Examples of Reference Account in a sentence

• The respective Overdraft Credit may be drawn based on payment orders in the agreed currency provided that the Bank keeps a Current Account for the Client in this currency and, in case of the Multicurrency Overdraft Credit, the Bank keeps further the Reference Account in the Reference Currency.

• For the duration of the unauthorised debit, the due amount shall be converted to the Reference Currency using the exchange rate under Article 7.1 of the Conditions, and the interest from the due amount shall be debited to the Reference Account.

• The Reference Currency is always the agreed currency of the limit of the Multicurrency Overdraft Credit and the currency of the Reference Account.

• The unauthorised debit in case of the Multicurrency Overdraft Credit shall bear the interest rate for the Drawdown agreed for the respective Multicurrency Overdraft Credit and the interest rate for the unauthorised debit for the Reference Account according to the Notice on Interest Rates.

• During the existence of the limit of the Multicurrency Overdraft Credit, the Client shall maintain a Reference Account and all the Current Accounts specified in the Frame Agreement with the Bank.