Offshore Construction Account definition

Offshore Construction Account has the meaning assigned to it in the Offshore Accounts Agreement;
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Offshore Construction Account has the meaning assigned to that term in the Offshore Accounts Agreement; “Payment Account” Citibank, N.A., in New York, New York, U.S.A., ABA#▇▇▇▇▇▇▇▇▇, for credit to IFC’s account number ▇▇▇▇▇▇▇▇, or such other bank or account in New York as IFC from time to time designates;
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Offshore Construction Account means the Project Account of such name established pursuant to Section 2.02(a).
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Examples of Offshore Construction Account in a sentence

  • All Equity Contributions to be made pursuant to Sections 2.01(b), 2.01(c), 2.02(a), 2.02(b), 2.02(c) and 2.02(d) shall be made by deposit of immediately available funds into the Onshore Revenue Account, the Offshore Construction Account or such other account as the Senior Lenders shall from time to time designate in writing.

  • Subject to the requirements of Section 4.01 (Conditions of First Disbursement), Section 4.02 (Conditions of All Disbursements) and Section 4.03 (Borrower’s Certification) of the Common Terms Agreement, on the date of Disbursement, IIC shall remit the amount specified in the Disbursement Request in immediately available funds to the Offshore Construction Account, all as specified by the Borrower in the relevant Disbursement Request.

  • Subject to the requirements of Section 4.01 (Conditions of First Disbursement), Section 4.02 (Conditions of All Disbursements) and Section 4.03 (Borrower’s Certification) of the Common Terms Agreement, on the date of Disbursement, IFC shall remit the amount specified in the Disbursement Request in immediately available funds to the Offshore Construction Account, all as specified by the Borrower in the relevant Disbursement Request.

  • Depositary, reference for credit to GWS Loan Agency Operations, Toronto, Ontario Account Number: 06180-39 Attn: Director, Agency, Global Wholesale Services Offshore Construction Account 03416-14 Debt Service Accrual Account 03417-11 Debt Service Reserve Account 03418-19 Prepayment Account 03422-11 Performance LD Account 03421-14 ▇▇▇▇▇ ▇▇ Account 03419-16 Beneficiary: Scotiabank Perú S.A.A. Swift Code: ▇▇▇▇▇▇▇▇ Address: Av. Dioniso Derteano N° ▇▇▇, ▇▇▇▇ ▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, Perú Ref: Fid.

  • We certify that all Equity required to be contributed pursuant to the Equity Support Agreement in relation to the Advance has been deposited into the Offshore Construction Account.

  • In respect of the construction ‘all risks’ insurance, all claim payments are payable into the following Offshore Construction Account: Citibank, N.A., ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Swift Code: ▇▇▇▇▇▇▇▇ For Account of Citibank, N.A., London Swift Code: ▇▇▇▇▇▇▇▇ Account Number: ▇▇▇▇▇▇▇▇ Account Name: Alpha Star Equities Ltd.

  • The Borrower shall not request any release of funds to the Building Contractor from the Offshore Construction Account in accordance with the Accounts Agreement with respect to the Delivery until the sea trials (as described in the Building Contract) had been satisfactorily completed in accordance with the terms of the Building Contract and the Independent Engineer has provided its certification in this respect.

  • All proceeds of Borrowings of the Loans under the Credit Agreement shall be deposited into the Offshore Construction Account.

  • Borrower shall procure that all moneys received or receivable by it in respect of the proceeds of each Advance under any Facility and all contributions of Equity are paid directly to, or immediately credited forthwith on receipt of the same to, the Offshore Construction Account.


More Definitions of Offshore Construction Account

Offshore Construction Account means the account numbered [●] opened by the Offshore Account Bank in the name of Borrower and designated “Offshore Construction Account”, as such account may be renewed, redesignated or renumbered from time to time.
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