Offshore Account Bank definition

Offshore Account Bank has the meaning given to such term in the Accounts Agreement.

Offshore Account Bank means, as the context so requires, Bank of America N.A. or any other bank appointed as an “Offshore Account Bank” in accordance with clause 20.3 (Appointment of Account Bank).

Offshore Account Bank means JPMorgan Chase Bank, N.A. in its capacity as offshore account bank in relation to the Offshore Proceeds Account or any other person that replaces it in such capacity;

Examples of Offshore Account Bank in a sentence

• Offshore Bank Account Agreement.....................................................Under the terms of the Offshore Bank Account Agreement dated the Programme Closing Date as amended and restated on 26 April 2016 and 31 May 2017 among the Issuer, the Offshore Account Bank and the Security Agent (the “Offshore Bank Account Agreement”), the Offshore Account Bank has agreed to open and maintain the Offshore Bank Accounts.Hedging Agreements .................

• The Debt Service Retention Account shall be established by the Issuer with the Offshore Account Bank prior to disbursement, into which 1/6 of the amortization and interest payment payable on the next Interest Payment Date shall be transferred on a monthly basis.

• The Debt Service Retention Account shall be pledged in favour of the Offshore Security Agent so that no withdrawals can be made from such account without the Bond Trustee’s prior written consent, and the Offshore Account Bank shall waive any set-off rights to such account.

• Authorised Investments Pursuant to the Offshore Bank Account Agreement, the Issueris entitled to draw sums from time to time standing to the credit of the Non-TL Designated Account(s) maintained with the Offshore Account Bank for purchasing Authorised Investments.

• The Construction Funding Account shall be established by the Issuer with the Offshore Account Bank prior to pre-disbursement, to which an amount of USD 85,000,000 shall be transferred from the Escrow Account in accordance with these Bond Terms.

More Definitions of Offshore Account Bank

Offshore Account Bank means the Offshore Account Bank specified above and includes any person who may be appointed by the Borrower with the approval of the Majority Lenders (not to be unreasonably withheld or delayed) as an ‘Offshore Account Bank’ in addition to or, as the case may be, in substitution for the Offshore Account Bank as at the date of this Agreement and which has entered into an Accession Deed.

Offshore Account Bank means China Minsheng Banking Corp., Ltd., Hong Kong Branch.

Offshore Account Bank means Citibank, N.A., Hong Kong Branch, including any successor or replacement thereto.

Offshore Account Bank means Citibank, N.A., a national banking association, existing and organized under the laws of the United States of America,

Offshore Account Bank means UniCredit Bank AG (formerly known as Bayerische Hypo- und Vereinsbank AG), London Branch.

Offshore Account Bank means The Bank of Nova Scotia, as the offshore account bank under the Offshore Security and Accounts Management Deed, or any of its successors.

Offshore Account Bank means HSBC Bank plc.