Offshore Bank Account definition

Offshore Bank Account has the meaning given to it in Section 5.10.
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Offshore Bank Account. ’ means the offshore bank account designated by the Vendor;
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Offshore Bank Account means the "Operating Account" as defined in the Loan Agreement.
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Examples of Offshore Bank Account 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.

  • 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.

  • The Company shall establish and maintain a bank account denominated in Dollars at the principal London branch of Citibank, N.A. (the "Offshore Bank Account"), which account shall be pledged to Moscow Narodny Bank Limited, as security trustee for the Project Lenders, as security for all amounts payable by the Company under this Agreement, the OPIC Finance Agreement and the other Financing Agreements.

  • The Company shall maintain five subaccounts of the Offshore Bank Account designated as the Disbursement Subaccount, the Roskomdragrnet Sales Subaccount, the Export Sales Subaccount, the Revenue Subaccount and the Cash Collateral Subaccount.

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

  • The Company shall establish and maintain a bank account denominated in Dollars at the principal London branch of Citibank, N.A. (the "Offshore Bank Account"), which account shall be pledged to Moscow Narodny Bank Limited, as security trustee for the Project Lenders, as security for all amounts payable by the Company under this Agreement, the EBRD Loan Agreement and the other Financing Agreements.

  • Without limiting the foregoing, the Company shall, at the request of OPIC, furnish Omolon - 62 - OPIC Finance Agreement promptly to OPIC statements of all transactions in relation to the Offshore Bank Account and the Russian Bank Accounts.

  • The Company shall have withdrawn any funds from the Offshore Bank Account, or any subaccount thereof, or the Russian Bank Accounts for any purpose not permitted by this Agreement or otherwise in any manner contrary to the terms of this Agreement, the Offshore Account Pledge or the Russian Account Pledge; or the balance of the Cash Collateral Subaccount shall be less than the minimum amount specified in Section 5.13 for a period in excess of 15 consecutive days.

  • Annexes A (the Options Contract), B (the Management Contract) and C (the Offshore Bank Account) form an integral part of the present Convention as well as all codicils.

Related to Offshore Bank Account

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

  • Nominated Bank Account means MDL’s bank account as notified by MDL to the other Party from time to time.

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Sellers in a written notice to the Purchaser at least five Business Days before the Closing.

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Offshore Global Note means a Global Note representing Notes issued and sold pursuant to Regulation S.

  • Offshore means any country that is not one of the fifty United States or one of the United States Territories (American Samoa, Guam, Northern Marianas, Puerto Rico, and Virgin Islands). Permitted Uses and Disclosure by Business Associate.

  • 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.

  • Offshore waters means marine waters of the Pacific Ocean

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

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

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

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

  • Qualified United States financial institution means an institution that:

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

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

  • 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.

  • Permanent Offshore Global Note means an Offshore Global Note that does not bear the Temporary Offshore Global Note Legend.

  • Judicial Council’s Master Account means the Judicial Council’s billing account to which the Contractor is authorized to charge specifically identified charges under this Agreement.

  • Central Depository means Centrálny depozitár cenných papierov SR, a.s., with its registered seat at ul. 29. augusta 1/A, Bratislava 814 80, Slovak Republic, registered in the Commercial Register maintained by the District Court Bratislava I, Section: Sa, Insert No.: 493/B;

  • Bangladesh Bank means the bank established under Article 3 of the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972) for the purpose of carrying on the business of central banking and also includes its successors;