Offshore Revenue definition

Offshore Revenue means the gross revenue generated from HK Company and Singapore Company from time to time from the establishment of the Offshore Escrow Account, after deducting applicable tax and fees charged by relevant bank actually paid or to be paid before Share Charge on such gross revenue.
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Examples of Offshore Revenue in a sentence

  • To the extent that the Defaulting Lender has funded its proportion of such Due Amount the amount of such cash collateral not required to be applied in transfer to the Issuing Bank for the purpose of paying the Defaulting Lender’s proportion of any Due Amount shall be transferred to the Construction Account (if pre Final Acceptance) or the Offshore Revenue Account (if post Final Acceptance).

  • During the Facility Period the Borrower shall not withdraw or request a withdrawal of moneys from the Offshore Revenue Account except as provided for in clause 28.8(a) or 28.8(d) or clause 28.8(e) or in accordance with the terms of the Account Security.

  • To ensure compliance with this clause 28.10(b), the Borrower shall transfer any such excess to the Offshore Revenue Account and the relevant Account Bank agrees to make such transfer upon receipt of a Borrower Withdrawal Request provided no later than two (2) Business Days prior to the relevant payment date.

  • Any such moneys withdrawn from the Debt Service Reserve Account shall be paid into the Distribution Account in the case of the transfer pursuant to the issuance of a DSRA Letter of Credit or the Offshore Revenue Account in the case of a withdrawal due to the DSRA Balance exceeding the Debt Service Reserve other than due to the issue of a DSRA Letter of Credit.

  • No later than one (1) Business Day following receipt of any payment into the Onshore Proceeds Account, the relevant Account Bank shall transfer (and the Borrower hereby irrevocably authorises and instructs that Account Bank to make such transfer) such amount to the Construction Account (prior to the Final Acceptance Date) and to the Offshore Revenue Account (on and following the Final Acceptance Date).

  • No later than one (1) Business Day following receipt of any payment into the Onshore Revenue Account, the relevant Account Bank shall transfer (and the Borrower hereby irrevocably authorises and instructs that Account Bank to make such transfer) such amount to the Offshore Revenue Account.

  • The Borrower shall notify the Onshore Account Bank of the occurrence of the Final Acceptance Date on the Final Acceptance Date and within two (2) Business Days of receipt of such notice the Onshore Account Bank shall ensure that amounts are transferred to the Offshore Revenue Account in accordance with this clause 28.5(a).

  • If the formula below is not acceptable to either the ISO-NE Meter Reader or under ISO-NE Rules, Buyer’s Percentage Entitlement of the Delivered Energy for the Settlement Period shall be determined based the Meter readings from the Offshore Revenue Quality Meters which readings shall include compensation to reasonably reflect the losses incurred to Deliver the Energy from the Generating Facility to the Delivery Point.