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)(iv).
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Offshore Operating Account has the meaning given to it in the Accounts Management Agreement.
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Examples of Offshore Operating Account in a sentence

  • The proceeds of all Loans advanced hereunder shall be directly deposited into, or credited to, the Offshore Operating Account.

  • Prior to the occurrence of an Event of Default, the Borrowers shall have the right to make deposits to or withdrawals from the Offshore Operating Account in accordance with the terms of the New York Control Agreement.

  • So long as no Prospective Event of Default or Event of Default has occurred and is Continuing (or would occur after giving effect to any application of funds contemplated hereby), the Borrowers may withdraw or transfer amounts from the Offshore Operating Account, and such withdrawals and transfers shall be effected by the Offshore Account Holder on the demand of the Borrowers in the same manner usual and customary for such withdrawals or transfers.

  • 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.

  • If on any day the balance of the Debt Service Reserve Account exceeds the Required Debt Service Reserve Balance calculated on such date and if no Default shall then have occurred and be continuing, the Borrower may instruct the Project Account Bank (Offshore) to transfer such excess on such date to the Offshore Operating Account.

  • Following any such transfer of amounts from the Debt Service Reserve Account, the balance of such account shall be increased to the Required Debt Service Reserve Balance through transfers as and when permitted and required to be made from the Offshore Operating Account to the Debt Service Reserve Account pursuant to Clause 6.1(d)(vi).

  • Upon the occurrence of an Event of Default, the Lender shall have the right to provide a notice of default to the Offshore Account Holder in accordance with the terms of the New York Control Agreement and Borrower shall no longer be permitted to make any withdrawals from such Offshore Operating Account.

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  • The Borrowers shall continue to maintain a bank operating account in New York City, New York with the Offshore Account Holder (the “Offshore Operating Account”), provided that the Offshore Operating Account shall continue to be subject to the terms of the New York Account Pledge Agreement and the New York Control Agreement.

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More Definitions of Offshore Operating Account

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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Offshore Operating Account is defined in Clause 6.1(b) .
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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.

  • 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.

  • Checking Account means a Demand Deposit account (DDA), a Negotiable Order of Withdrawal (NOW) account, a Savings account and a Money Market account at the Bank that you open through the Bank website; "Account" includes any Checking, Certificate of Deposit, or Savings account at the Bank opened through the Website or in person; "Card" means an automated teller machine card and/or a VISA debit card that accesses your Checking, Savings, Money Market, or NOW account; "PIN" means the personal identification number you use in connection with your Card; "Password" means the password you use to access the Website and your Bank Accounts through a personal computer or other electronic terminal; "Access Device" means your Card, Password, or other device or code we make available to you to access your Accounts; "Business Day" means Monday through Friday, except federal holidays; and "Authorized User" means any person you authorize or permit to use your Card, Password or other Access Device to access your Accounts, whether that person uses the Access Device to obtain information or to conduct a transaction. This EFT Agreement is part of the Banking Documents. Other terms used in this EFT agreement may be defined elsewhere in the Banking Documents. • ATM Safety • Funds Transfers • Other Electronic Fund Transfer Services • Liability For Unauthorized Electronic Transfers • Other Electronic Fund Transfer Services Types of Transactions‌ We offer the following types of Electronic Fund Transfers (EFT) Services for your Checking Account. • Direct Deposits. You can arrange for direct deposits to your checking and savings account(s). • Preauthorized Credits/Debits. We accept, on your behalf preauthorized Credits/Debits drawn on your Deposit Accounts which allow unrestricted activity. Through our electronic bill payment service, you are able to electronically transfer funds from your Deposit Account to other parties, provided the account allows such activity. We may conduct these transactions via Automated Clearinghouse (ACH) transfer. We may also accept and direct funds by wire transfer. Each of these services has unique fees associated with the transaction. Please consult our Schedule of Fees herein. When you provide the party initiating the withdrawal or deposit with advance authorization to make recurring ACH transfers to or from your Account, the transfers are referred to as "preauthorized transfers." Because these preauthorized transfers are performed electronically through the ACH, they are governed by federal regulations pertaining to EFT Services, which entitle you to certain benefits and protections in connection with the EFT Services, such as the right to receive a copy of your written authorization to make preauthorized transfers from your Account from the party that obtains it. • ATM and Point-of-Sale Transactions. ATM Transactions. ATM Cards issued by us to you remain our property and you may be requested to return the Card to us at any time for any reason. Each card is used in conjunction with an authorizing Personal Identification Number ("PIN"). To guard against someone initiating a transaction that you have not authorized, you must take all reasonable precautions to prevent any other person from learning your PIN. If you permit or authorize another person to use your Card and PIN, you will be liable for all resulting transactions. You may use your Card at ATMs which are a part of an Electronic Funds Transfer service network to which the Bank belongs ("EFT network"). ATM withdrawals are available up to the daily authorization limits disclosed below, provided the available balance in the Deposit Account associated with your card is greater than or equal to the amount requested, plus any fees that may be charged along with the cash disbursement. • Withdraw cash from your Checking Account. • Find out your Checking Account balances. • Transfer funds between your own accounts at the Bank (if available on the ATM in use). • Withdraw cash from your Savings Account. • Make deposits to your own accounts.

  • 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, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • 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.

  • 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 3.03 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).

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

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

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • 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.