Foreign Currency Deposit Account definition

Foreign Currency Deposit Account means the account referred to in Part D. 1 of Section II of Schedule 1 to this Agreement.
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Foreign Currency Deposit Account means the account referred to in Part B. 1 (a) of Section II of the Schedule to this Agreement. “General Conditions” means the “International Development Association General Conditions for Credits and Grants”, dated July 1, 2005 (as amended through October 15, 2006) with the modifications set forth in Section II of this Appendix.
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Foreign Currency Deposit Account means the account referred to in Part C. 1 (a) of Section II of Schedule 1 to this Agreement.
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Examples of Foreign Currency Deposit Account in a sentence

  • All withdrawals from the Financing Account shall be deposited by the Association into the Foreign Currency Deposit Account.

  • Upon each deposit of an amount of the Financing into the Foreign Currency Deposit Account, the Recipient shall deposit an equivalent amount into the Local Currency Deposit Account.

  • Councillor Bisson said this might be to do with the type of crossing.

  • Upon each deposit of an amount of the Credit into the Foreign Currency Deposit Account, the Recipient shall deposit an equivalent amount into the Local Currency Deposit Account.

  • All withdrawals from the Loan Account shall be deposited by the Bank into the Foreign Currency Deposit Account.

  • All withdrawals from the Credit Account shall be deposited by the Association into the Foreign Currency Deposit Account.

  • It is not possible to track the ultimate use of the foreign exchange provided by the development policy operation, but the grant proceeds will, within 30 days of the IDA disbursement, flow from the dedicated Foreign Currency Deposit Account at the NRBT into a local currency bank account of the government used to finance budgeted government expenditures.

  • Once the grant is approved by the Board and becomes effective, at the request of the Recipient the proceeds will be deposited by IDA in one tranche into a dedicated Foreign Currency Deposit Account at the NRBT, which will form part of Tonga’s foreign exchange reserves.

  • As with the parent operation, the Bank will retain the right to request the Government to arrange a special audit of the dedicated Foreign Currency Deposit Account established in the NRBT.

  • The audit reports of the dedicated Foreign Currency Deposit Account for each fiscal year in which receipts exist, if requested in writing by the WB, will be required to be received within nine months of the end of the Recipient’s fiscal year in which the disbursement is made.


More Definitions of Foreign Currency Deposit Account

Foreign Currency Deposit Account means the account referred to in Section
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Related to Foreign Currency Deposit Account

  • Foreign Currency Letter of Credit means a Letter of Credit denominated in a Foreign Currency.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Foreign Currency Hedge means any foreign exchange transaction, including spot and forward foreign currency purchases and sales, listed or over-the-counter options on foreign currencies, non-deliverable forwards and options, foreign currency swap agreements, currency exchange rate price hedging arrangements, and any other similar transaction providing for the purchase of one currency in exchange for the sale of another currency.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • 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.

  • Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Balance Currency means the currency that the trading account is denominated in and all charges including spreads, commissions and swaps, are calculated in that currency.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Foreign Currencies means Agreed Currencies other than Dollars.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

  • Foreign Currency means any currency other than the currency of Kenya;

  • Facility Account means the account numbered 0000000 maintained by Seller in the name of “PDC Funding Company, LLC” at JPMorgan, together with any successor account or sub-account.

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Agency Account means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1.