Offshore Bank definition

Offshore Bank means a bank located outside the country of residence of its depositors, with most of its account holders being non-residents of such jurisdiction.

Offshore Bank means a Foreign Bank that is barred, pursuant to its banking license, from conducting banking activities with the citizens of, or with the local currency of, the country that issued the license and does not include a Regulated Affiliate.

Offshore Bank means any Foreign Bank that possesses a license to conduct banking activities that prohibits the licensing entity from conducting banking activities with the citizens of, or in the local currency of, the jurisdiction that issued the license. 31 C.F.R. § 1010.605(i).

Examples of Offshore Bank in a sentence

• The Company and MIE shall ensure that all revenues relating to the Daan Production Sharing Contract is paid in US$ into a bank account established outside of the PRC (an “Offshore Bank Account”) in the name of MIE, but only to the extent required by the CITIC KaWah Facility or to the extent that such remittance to an Offshore Bank Account is commercially reasonable for the operation of MIE’s business.

• The Company and MIE shall ensure that all revenues relating to the Daan Production Sharing Contract is paid in US$ into a bank account established outside of the PRC (an “Offshore Bank Account”) in the name of MIE, but only to the extent required by the Standard Bank Facility or to the extent that such remittance to an Offshore Bank Account is commercially reasonable for the operation of MIE’s business.

• Offshore Bank and Corporate Bonds Prices are provided by third party price providers that are widely used in the Chilean market.

• The Company shall have delivered to Parent and Merger Sub, copies of bank statements, in form and substance reasonably satisfactory to Parent, that the aggregate amount standing to the credit of all of the Onshore Bank Designated Accounts and the Offshore Bank Designated Accounts is not less than the Required Balance, which written evidence shall be certified as of the Closing Date as true and correct by the chief financial officer of the Company.

• The Bank shall have received evidence satisfactory to the Bank that the Offshore Bank Account, the Disbursement Subaccount, the Revenue Subaccount, the Cash CoLlateral Subaccount and the Russian Bank Accounts have been duly established.

More Definitions of Offshore Bank

Offshore Bank means any bank holding a licence granted by the Authority under the Act which categorises the bank as an offshore bank and entitles it to carry on a limited range of banking business;

Offshore Bank. Means any Foreign Bank that is barred, pursuant to its bank license, from conducting banking activities with the citizens of, or with the local currency of, the country that issued the license does not include a Regulated Affiliate;

Offshore Bank means any company that carries out exclusively offshore banking business or trust business, or both;

Offshore Bank means a bank the conditions to the licence of which restrict its business exclusively or predominantly to persons who are not permanent residents of the Republic and to currencies other than the Cyprus pound; "representative office" means an office from which theinterests of the entity to which it belongs are in any way promoted or assisted but at which no banking business or the business of accepting deposits is carried on; Cap. 193. "Trustee" has the meaning assigned to this word by the Trustee Law.

Offshore Bank means a company licensed under this Act to carry on the business of offshore banking;

Offshore Bank means a person who carries on offshore banking business or offshore investment banking business, as the case may be;

Offshore Bank means a bank licensed under the Banking Act 1988 to transact offshore banking;