Offshore Operating Account definition

Offshore Operating Account means the dollar account of the Borrower opened or as the context may require, to be opened by the Borrower with the Offshore Account Bank, designated by the Offshore Account Bank to be the “PT HOEGH LNG LAMPUNG — Offshore Operating Account” and includes any re-designation and each sub-account thereof.
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Offshore Operating Account has the meaning specified in Section 6.01(a).
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Offshore Operating Account means the account numbered [●] opened by the Offshore Account Bank in the name of Borrower and designated “Offshore Operating Account”, as such account may be renewed, redesignated or renumbered from time to time.
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Examples of Offshore Operating Account in a sentence

  • Borrower shall procure that all amounts transferred from the Offshore Operating Account in accordance with Section 15.2(c) (Withdrawals from Offshore Operating Account) are paid directly to the Onshore Operating Account.


More Definitions of Offshore Operating Account

Offshore Operating Account has the meaning given to it in the Accounts Management Agreement.
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Related to Offshore Operating Account

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • School operating purposes means the purposes included in the operation costs of the district as prescribed in sections 7 and 18 and purposes authorized under section 1211 of the revised school code, MCL 380.1211.

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the Account.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Individual development account means a contract between an account holder and a fiduciary organization, for the deposit of funds into a financial institution by the account holder, and the deposit of matching funds into the financial institution by the fiduciary organization, to allow the account holder to accumulate assets for use toward achieving a specific purpose approved by the fiduciary organization.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • 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.

  • Holding Account means an account:

  • 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.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • 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.

  • 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.

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

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • 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.

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

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

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

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Consumer account means an account established primarily for personal, family, or household use.

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Master Account or “Judicial Council’s Master Account” shall mean the Judicial Council’s billing account to which the Contractor is authorized to charge specifically identified charges under this Agreement.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).