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 assigned to that term in Section 2.01(c).
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Onshore Account has the meaning given to that term in the Onshore Accounts Agreement.
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Examples of Onshore Account in a sentence

  • 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.

  • 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.

  • 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.

  • 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.

  • If a Commerce entity cannot collect the full amount of a Commerce debt, the Commerce entity may, with legal counsel approval, compromise the Commerce debt in accordance with the provisions of 31 CFR part 902 and the Commerce entity’s policies and proce- dures.

  • 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).

  • The Borrowers shall deliver to the Lender, no later than twenty (20) days after the end of each month following the Initial Funding Date, copies of the account statements for all Onshore Accounts for each month prepared or compiled by the Onshore Account Holder.

  • The Onshore Collateral Agent shall promptly notify the Intercreditor Agent in writing of its receipt and the amount of any funds received from any Person that is, or is required hereunder to be, deposited into the Onshore Account.

  • If any Person asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against the Offshore Accounts, the Onshore Account or any other Account Collateral, the Offshore Depositary Bank, after obtaining actual knowledge thereof, shall promptly notify the Intercreditor Agent and the Borrower thereof.


More Definitions of Onshore Account

Onshore Account means any of the Onshore Accounts.
Sample 1

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.

  • Compliance account means a NOx allowance tracking system account, established by the administrator for a NOx budget unit under rule 3745-14-06 of the Administrative Code in which the NOx allowance allocations for the unit are initially recorded and in which are held NOx allowances available for use by the unit for a control period for the purpose of meeting the unit's NOx budget emission limitation.

  • Retention Account means an interest bearing Dollar account of the Borrowers opened or (as the context may require) to be opened jointly by the Borrowers with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a 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 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 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 that portion of a Participant’s Account established to record Matching Contributions on behalf of a Participant. Matching Contributions shall be deemed to be invested in the Company stock, and a Participant shall not be permitted to elect a different Deemed Crediting Option for such Matching Contributions.

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

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