Offshore Account definition

Offshore Account means a Client account where we have been instructed to appoint a Custodian outside the UK (details of such Custodian being specified in the Client Terms);
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Offshore Account means each of:
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Offshore Account means each of the Offshore Revenues and Disbursement Account, the Debt Service Reserve Account, the Insurance Proceeds Account, the Offshore Operating Account and any Subaccount of any thereof.
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Examples of Offshore Account in a sentence

  • The Offshore Account Bank accepts such designation and appointment in accordance with and limited to the terms and conditions of this Agreement.

  • The Offshore Account Bank shall at all times be an Acceptable Bank.

  • Any representation or statement made or deemed to be made by an Obligor in this Agreement, the MergerCo Share Charge or the Offshore Account Charge is or proves to have been incorrect or misleading in any material respect when made or deemed to be made.

  • Any such conversion by the Account Bank shall be made at rates of exchange which are generally applicable to similar transactions carried out by the Offshore Account Bank for its corporate customers.

  • The Offshore Account Bank will provide the Borrower, for each calendar month, a full statement of the balance of and payments into and from the Offshore Accounts.

  • Any amounts from time to time standing to the credit of the Offshore Accounts shall bear interest in the currency in which such amount is denominated in accordance with the rates of interest generally applicable to similar accounts held with the Offshore Account Bank.

  • Company and Secured Party understand and acknowledge that each Restricted Account which is an Offshore Account is a subaccount, in the name of Company, of an offshore U.S. Dollar-denominated deposit account of Bank maintained with Bank’s Grand Cayman branch, and that any transfer of funds into or out of the Offshore Account, pursuant to Section 4 of this Agreement or otherwise, must pass through the domestic Restricted Account to which the Offshore Account is specifically linked.

  • These General Terms and Conditions for Shari’ah compliant Offshore Account Operation set out the basis upon which the Bank provides Shari’ah compliant offshore accounts for its clients.

  • Promptly following receipt of any payment in the Offshore Collection Account, the Borrower shall be entitled to direct the Offshore Account Bank to pay up to 10% of such amount (an “Offshore Commission Amount”) to an account (an “Offshore Commission Account”) notified by it to the Agent and the Offshore Account Bank for onward transmission to Global Oil Corporation.

  • It is hereby agreed that the Offshore Account Bank shall be responsible for performing the functions of an account bank expressly mentioned herein and the Offshore Account Bank shall not, nor shall it be construed to be, the agent or trustee of any Finance Party.


More Definitions of Offshore Account

Offshore Account means an individual account maintained and executed at an office or branch of the Fund outside of the United States.
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Offshore Account has the meaning given to that term in the Offshore Accounts Agreement.
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Offshore Account means those arrangements set out in ARRANGEMENTS" Exhibit 2.
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Offshore Account means any of the Offshore Accounts.
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Related to Offshore Account

  • the Account means the International Program Trust Account established under subsection (3);

  • Investment Account As defined in Section 3.12(a).

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Direct Account : means any Account which is not an ISA Account.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Compliance account means a NOx allowance tracking system account, established by the administrator for a NOx budget unit under rule 3745-14-06 of the Administrative Code in which the NOx allowance allocations for the unit are initially recorded and in which are held NOx allowances available for use by the unit for a control period for the purpose of meeting the unit's NOx budget emission limitation.

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

  • Trading Account means the unique personified registration system of all Completed Transactions, Open Positions, Orders and deposit/withdrawal transactions in the Trading Platform.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."