Onshore Account definition

Onshore Account means the Peso account established and maintained pursuant to the Depositary Agreement by the Onshore Collateral Agent.
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Onshore Account has the meaning given to that term in the Onshore Accounts Agreement.
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Onshore Account has the meaning assigned to that term in Section 2.01(c).
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Examples of Onshore Account in a sentence

  • The parties to the Transaction Documents who receive and hold moneys pursuant to the terms of such documents (such as the Account Bank, Onshore Account Bank and the Cash Manager) are required to satisfy certain criteria in order that the Issuer can continue to use them to receive and hold moneys.These criteria include requirements in relation to the short-term, unguaranteed and unsecured ratings ascribed to such party by the Rating Agencies.

  • The Borrower shall continue to maintain and operate with the Onshore Account Bank in California the Collection Account, denominated in Dollars, subject to and in accordance with the terms and conditions of the relevant Account Control Agreement.

  • Promptly following receipt of any payment in the Onshore Collection Account, the Borrower shall be entitled to direct the Onshore Account Bank to pay up to 10% of such amount (an “Onshore Commission Amount”) to an account (an “Onshore Commission Account”) notified by it to the Agent and the Onshore Account Bank for onward transmission to Global Oil Corporation.

  • The AOC/MRS-specific Inspection Forms will include specific monitoring and maintenance requirements for that particular AOC/MRS.

  • Cause any insurance proceeds or any award or payment on account of any Taking payable to the Borrower in Pesos to be paid to the Onshore Account.

  • Notwithstanding that this Agreement is governed by English law, any deposits standing to the credit of the Project Accounts from time to time and all payments out of the Project Accounts are governed by the prevailing laws in effect in Singapore in the case of the Project Accounts with the Offshore Account Bank and Indonesia in the case of the Project Accounts with the Onshore Account Bank.

  • 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).

  • Notwithstanding anything to the contrary provided herein, the Borrower shall ensure that each currency conversion under this Section 3.12 results in the required amount being available in the applicable currency for transfer or payment as required under this Agreement, and any additional amounts required in connection with such obligation of the Borrower shall be for the account of the Borrower payable on demand from the applicable Onshore Account.

  • Following an Event of Default which has occurred and is continuing, the BPIFAE Agent shall (if so instructed by the Majority Lenders) deliver to the Offshore Account Bank and/or the Onshore Account Bank, the Security Agent and the Borrower, Blocking Notices in respect of any Project Accounts held with the Offshore Account Bank and the Offshore Account Bank will comply with the terms thereof.

  • For so long as no Default or Event of Default has occurred and is continuing, any currency conversion of funds held or to be held in any Onshore Account from or into Nuevo Soles pursuant to this Agreement shall be effected by the Trustee with a bank or financial institution selected by the Borrower pursuant to the written instructions of an Authorized Officer of the Borrower appointed pursuant to the Trust Agreement to provide such instructions to the Trustee.


More Definitions of Onshore Account

Onshore Account means any of the Onshore Accounts.
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Related to Onshore Account

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

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Investment Account As defined in Section 3.12(a).

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • 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.

  • Direct Account : means any Account which is not an ISA Account.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

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

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Revenue Account means the Revenue Account established pursuant to the General Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Holding Account means an account:

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • Note Account As defined in the Indenture.

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

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

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

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

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