Offshore Accounts Bank definition

Offshore Accounts Bank means HSBC Bank USA, National Association, acting in its capacity as Offshore Accounts Bank pursuant to the Accounts Agreement, and shall include any successor Offshore Accounts Bank appointed pursuant to the Accounts Agreement.
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Offshore Accounts Bank means Citibank, N.A., acting in its capacity as Offshore Accounts Bank pursuant to the Accounts Agreement, and shall include any successor Offshore Accounts Bank appointed pursuant to the Accounts Agreement.
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Offshore Accounts Bank. Citibank N.A. or any other bank acceptable to the Senior Lenders;
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Examples of Offshore Accounts Bank in a sentence

  • On or prior to the Commercial Operation Date, the Facility Agent shall be provided with evidence (in the form of a written statement from the Offshore Accounts Bank or such other evidence reasonably satisfactory to the Facility Agent) that the Offshore Debt Service Reserve Account and the Offshore O&M Service Reserve Account have been fully funded pursuant to the requirements of the Accounts Agreement and the Equity Support Deed.

  • Moreover, the only allegation in the Theurl Affidavit with respect to Itaú describes the relevant bank accounts held by Alto Maipo with Itaú as Offshore Accounts Bank (which include the Disbursement Account and the Insurance Proceeds and Compensation Account) as “escrow account[(s)].” (Theurl Aff.

Related to Offshore Accounts Bank

  • Compliance account means a NOx allowance tracking system account, established by the U.S. EPA for a NOx budget unit under section 10 of this rule, 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 an ozone control period for the purpose of meeting the unit’s NOx budget emissions limitation.

  • 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.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Clearing Account Agreement means that certain agreement relating to clearing account services by and among Mortgage Borrower, Lender and Clearing Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to the operation and maintenance of, and application of funds in, the Clearing Account.

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

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

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • 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.

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

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Facility Account means the account of Seller at Bank One, Account ---------------- No. 10-36987.

  • Administration Account As defined in Section 7.02.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

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

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Deposit Account Control Agreement.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Agent Account means such account of the Administrative Agent in New York, New York as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.