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 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 XX00 0000 0000 0000 0000 0000 000, (3) "Coal Age Shipco LLC", account number Account No.0/444066/008 IBAN XX00 0000 0000 0000 0000 0000 000, (4) "Iron Man Shipco LLC", 0/444063/009 IBAN GR85 0840 0020 0000 0044 4063 009, (5) "Xxxxx Xxxx Xxxxxx LLC", account number 0/444068/019 IBAN GR33 0840 0020 0000 0044 4068 019, (6) "Xxxxxxx Xxxxxx LLC", account number Account No.0/444069/007 IBAN XX00 0000 0000 0000 0000 0000 000, (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 XX00 0000 0000 0000 0000 0000 000.

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.

  • During the term of the Facility, each of the Borrower, Xxxxxxxx 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 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.

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

  • 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.

  • 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.

  • We enter housing and income improvement outcomes into the state Homelessness Management Information System (HMIS) and also administer mental health assessments and the research-validated Self-Sufficiency Matrix.

  • FishThe closest water resource to either project area is Burns Ditch which is located approximately 200-feet north of the existing Crossroads Lift Station.

  • 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.

  • The Borrower shall maintain the Reserve Account and shall procure that Qxxxxxxx Management shall maintain the Operating Account and each of the Guarantors (other than Qxxxxxxx Management) 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.


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, 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

  • 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.

  • Checking Account means a Demand Deposit account (DDA), a Negotiable Order of Withdrawal (NOW) account, a Savings account and a Money Market account at the Bank that you open through the Bank website; "Account" includes any Checking, Certificate of Deposit, or Savings account at the Bank opened through the Website or in person; "Card" means an automated teller machine card and/or a VISA debit card that accesses your Checking, Savings, Money Market, or NOW account; "PIN" means the personal identification number you use in connection with your Card; "Password" means the password you use to access the Website and your Bank Accounts through a personal computer or other electronic terminal; "Access Device" means your Card, Password, or other device or code we make available to you to access your Accounts; "Business Day" means Monday through Friday, except federal holidays; and "Authorized User" means any person you authorize or permit to use your Card, Password or other Access Device to access your Accounts, whether that person uses the Access Device to obtain information or to conduct a transaction. This EFT Agreement is part of the Banking Documents. Other terms used in this EFT agreement may be defined elsewhere in the Banking Documents. • ATM Safety • Funds Transfers • Other Electronic Fund Transfer Services • Liability For Unauthorized Electronic Transfers • Other Electronic Fund Transfer Services Types of Transactions‌ We offer the following types of Electronic Fund Transfers (EFT) Services for your Checking Account. • Direct Deposits. You can arrange for direct deposits to your checking and savings account(s). • Preauthorized Credits/Debits. We accept, on your behalf preauthorized Credits/Debits drawn on your Deposit Accounts which allow unrestricted activity. Through our electronic bill payment service, you are able to electronically transfer funds from your Deposit Account to other parties, provided the account allows such activity. We may conduct these transactions via Automated Clearinghouse (ACH) transfer. We may also accept and direct funds by wire transfer. Each of these services has unique fees associated with the transaction. Please consult our Schedule of Fees herein. When you provide the party initiating the withdrawal or deposit with advance authorization to make recurring ACH transfers to or from your Account, the transfers are referred to as "preauthorized transfers." Because these preauthorized transfers are performed electronically through the ACH, they are governed by federal regulations pertaining to EFT Services, which entitle you to certain benefits and protections in connection with the EFT Services, such as the right to receive a copy of your written authorization to make preauthorized transfers from your Account from the party that obtains it. • ATM and Point-of-Sale Transactions. ATM Transactions. ATM Cards issued by us to you remain our property and you may be requested to return the Card to us at any time for any reason. Each card is used in conjunction with an authorizing Personal Identification Number ("PIN"). To guard against someone initiating a transaction that you have not authorized, you must take all reasonable precautions to prevent any other person from learning your PIN. If you permit or authorize another person to use your Card and PIN, you will be liable for all resulting transactions. You may use your Card at ATMs which are a part of an Electronic Funds Transfer service network to which the Bank belongs ("EFT network"). ATM withdrawals are available up to the daily authorization limits disclosed below, provided the available balance in the Deposit Account associated with your card is greater than or equal to the amount requested, plus any fees that may be charged along with the cash disbursement. • Withdraw cash from your Checking Account. • Find out your Checking Account balances. • Transfer funds between your own accounts at the Bank (if available on the ATM in use). • Withdraw cash from your Savings Account. • Make deposits to your own accounts.

  • 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 Owner owning that Ship with the Agent in Hamburg designated “[name of relevant Owner]—Earnings Account” or any other account (with that or another office of the Agent) which replaces such account and is designated by the Agent as that Earnings Account for the purposes of this Agreement and, in the plural, means all of them;

  • 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 Separate Account that is maintained as provided in Article VIII.