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;
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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.
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Charter Accounts means each of the eight (8) bank accounts to be opened by each of the Owners with the relevant Account Bank and designated (1) "King Coal Shipco LLC", account number 0/444064/005 IBAN GR62 0840 0020 0000 0044 4064 005 , (2) "Fearless Shipco LLC", account number 0/444065/001 IBAN ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇, (3) "Coal Age Shipco LLC", account number Account No.0/444066/008 IBAN ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇, (4) "Iron Man Shipco LLC", 0/444063/009 IBAN GR85 0840 0020 0000 0044 4063 009, (5) "▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ LLC", account number 0/444068/019 IBAN GR33 0840 0020 0000 0044 4068 019, (6) "▇▇▇▇▇▇▇ ▇▇▇▇▇▇ LLC", account number Account No.0/444069/007 IBAN ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇, (7) "Coal Glory Shipco LLC", account number 0/444067/004 IBAN GR84 0840 0020 0000 0044 4067004 and (8) "Coal Pride Shipco LLC", account number 0/444070/005 IBAN ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇.
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Examples of Charter Accounts in a sentence

  • The Earnings Accounts, the Charter Accounts and the Retention Account and all amounts from time to time respectively standing to the credit thereof shall be subject to the security constituted and the rights conferred by, respectively, the Earnings Account Pledges, the Charter Account Pledges and the Retention Account Pledge.

  • Form of Junior Charter Accounts Charge.....................................

  • During the term of the Facility, each of the Borrower, ▇▇▇▇▇▇▇▇ Management and the Owners shall only be permitted to withdraw sums from the Operating Account, the Charter Accounts and the Reserve Account in accordance with the provisions of this Clause 12.

  • The parties hereto acknowledge that each Increasing Lender is purchasing its Assigned Loans of each Class ratably from each Assigning Lender assigning Loans of such Class and that each Assigning Lender is assigning its Assigned Loans of each Class ratably to each Increasing Lender purchasing Loans of such Class.

  • The Earnings Account, the Charter Accounts and the Retention Account and all amounts from time to time respectively standing to the credit thereof shall be subject to the security constituted and the rights conferred by, respectively, the Earnings Account Pledge, the Charter Account Pledges and the Retention Account Pledge.

  • The Borrower shall maintain the Reserve Account and shall procure that ▇▇▇▇▇▇▇▇ Management shall maintain the Operating Account and each of the Owners shall maintain their respective Charter Accounts with the relevant Account Bank until the Final Maturity Date, free of Security Interests (other than Permitted Security Interests) and rights of set-off other than as created by or pursuant to the Security Documents.

  • In this Agreement: Accounts means together the Reserve Account, the Operating Account and each of the Charter Accounts.

  • During the term of the Facility, each of the Obligors shall only be permitted to withdraw sums from the Operating Account, the Charter Accounts and the Reserve Account in accordance with the provisions of this Clause 14.


More Definitions of Charter Accounts

Charter Accounts means the interest bearing USD current accounts of the Shareholder in relation to “NAVIOS ALDERBARAN” and
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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 G▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇ , (2) “Fearless Shipco LLC”, account number 0/444065/001 IBAN G▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇, (3) “Coal Age Shipco LLC”, account number Account No.0/444066/008 IBAN G▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇, (4) “Iron Man Shipco LLC”, 0/444063/009 IBAN G▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇, (5) “L▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ LLC”, account number 0/444068/019 IBAN G▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇, (6) “B▇▇▇▇▇▇ ▇▇▇▇▇▇ LLC”, account number 0/444069/007 IBAN G▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇, (7) “Coal Glory Shipco LLC”, account number 0/444067/004 IBAN G▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, (8) “Coal Pride Shipco LLC”, account number 0/444070/005 IBAN G▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇, (9) “Iron Beauty Shipco LLC” account number 0/444101/008 IBAN G▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇ and (10) “Kirmar Shipco LLC” account number 0/444102/004 IBAN G▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇ and any additional accounts which may be opened by Additional Guarantors with the relevant Account Bank.
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Related to Charter Accounts

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

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • 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