Charter Accounts definition

Charter Accounts means the interest bearing USD current accounts of the Shareholder in relation to “NAVIOS ALDERBARAN” and “NAVIOS PROSPERITY” paying interest at a rate to be agreed between the Account Bank and the Shareholder opened with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Payment Agent to be a Charter Account for the purposes of this Agreement;
Charter Accounts means an account of the Charterer maintained (in respect of (x) the Charter Service Reserve Deposit and (y) any charter hire paid pursuant to third party charters) with (a) Nordea Bank Norge ASA under the number 6011.04.43628 and (b) (in respect of (x) exclusively) each account maintained with another financial institution which has a rating of at least A from Standard & Poor's Ratings Services and at least A2 from Moody's Investor's Services, Inc. and is subject to an encumbrance in favour of the Security Agent in form and substance satisfactory to it.
Charter Accounts means each of the ten (10) bank accounts opened by each of the Owners with the relevant Account Bank and designated (1) “King Coal Shipco LLC”, account number 0/444064/005 IBAN GX00 0000 0000 0000 0000 0000 000 , (2) “Fearless Shipco LLC”, account number 0/444065/001 IBAN GX00 0000 0000 0000 0000 0000 000, (3) “Coal Age Shipco LLC”, account number Account No.0/444066/008 IBAN GX00 0000 0000 0000 0000 0000 000, (4) “Iron Man Shipco LLC”, 0/444063/009 IBAN GX00 0000 0000 0000 0000 0000 000, (5) “Lxxxx Xxxx Xxxxxx LLC”, account number 0/444068/019 IBAN GX00 0000 0000 0000 0000 0000 000, (6) “Bxxxxxx Xxxxxx LLC”, account number 0/444069/007 IBAN GX00 0000 0000 0000 0000 0000 000, (7) “Coal Glory Shipco LLC”, account number 0/444067/004 IBAN GX00 0000 0000 0000 0000 0000000, (8) “Coal Pride Shipco LLC”, account number 0/444070/005 IBAN GX00 0000 0000 0000 0000 0000 000, (9) “Iron Beauty Shipco LLC” account number 0/444101/008 IBAN GX00 0000 0000 0000 0000 0000 000 and (10) “Kirmar Shipco LLC” account number 0/444102/004 IBAN GX00 0000 0000 0000 0000 0000 000 and any additional accounts which may be opened by Additional Guarantors with the relevant Account Bank.

Examples of Charter Accounts in a sentence

  • Even though Council has not come under the Auditor General (AG) for end of year financial audit as yet, AMD Charter Accounts are reporting alike for all client directly under the AG’s office as well as those with an existing agreement with AMD.

  • Specifically, looking at Unified Charter Accounts from California non-profit council.

  • All Charter Accounts must provide, to the Colorado Lions Foundation, a statement of how to disburse their funds in the event the entity should dissolve, stop operating or become dissolved by Lions Club International.

  • Charter Accounts are those accounts, which include funds from other Lions Entities that are assigned to the Colorado Lions Foundation to invest and manage for those Entities.

  • Describe the degree of compliance with the PA State Charter of Accounts for PA Public School and how your accounting system integrates with required Charter Accounts and PDE reports.

  • The Colorado Lions Foundation endowment funds shall remain restricted, even when used to supplement Charter Accounts such as the Used Eyeglasses Fund, except in accordance with the provisions of Article VIII, Section 5-B.

  • No action needed.7. Charter Accounts UpdateWhitney Owens will provide an update on the Charter bank accounts.

  • Existing Schools and Sites.<http://www.natomas.k12.ca.us/1511107811238993/lib/1511107811238993/NUSD_Existing_Sch ools_and_Site_2010_-_Revised.pdf>.


More Definitions of Charter Accounts

Charter Accounts means the interest bearing USD current accounts of the Shareholder in relation to “NAVIOS ALDERBARAN” and

Related to Charter Accounts

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Earnings Accounts means the bank accounts of each of the Obligors from time to time each of which shall be held with the Agent or any of the Agent’s corresponding banks and to which all the Earnings and any proceeds of the Insurances shall be paid.

  • Separate Accounts means the accounts which are to be prepared for each

  • Master Account or “Judicial Council’s Master Account” shall mean the Judicial Council’s billing account to which the Contractor is authorized to charge specifically identified charges under this Agreement.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Member Account means the regular account and the variable account.

  • Other Accounts means all of the accounts and funds, other than the Sub-Advised Assets, managed by the Sub-Adviser for or on behalf of Northern Trust Investments, Inc. and/or its affiliates that have a substantially similar investment strategy for which the Sub-Adviser is being engaged pursuant to this Agreement.

  • Collection Accounts As defined in Section 3.10(a).

  • Earnings Account means, in relation to a Ship, an account in the name of the Borrower owning that Ship with the Account Bank designated as the Earnings Account for that Ship, or any other account (with the Account Bank or the Agent or with another bank or financial institution acceptable to the Majority Lenders) for the purpose of receiving all charter hire and other amounts paid under the relevant Time Charter;

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.