Onshore Account Bank definition

Onshore Account Bank means the Onshore Account Bank specified above and includes any person who may be appointed by the Borrower with the approval of the Majority Lenders (not to be unreasonably withheld or delayed) as an ‘Onshore Account Bank’ in addition to or, as the case may be, in substitution for the Onshore Account Bank as at the date of this Agreement and which has entered into an Accession Deed.
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Onshore Account Bank has the meaning given to such term in the Accounts Agreement.
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Onshore Account Bank means Citibank Gabon S.A. in its capacity as onshore account bank in relation to the Onshore Project Accounts or any other person that replaces it in such capacity in accordance with the Onshore Account Bank Agreement;
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Examples of Onshore Account Bank 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.

  • 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.


More Definitions of Onshore Account Bank

Onshore Account Bank. La Sucursal de Citibank N.A., establecida en la República Argentina or any other bank acceptable to the Senior Lenders;
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Onshore Account Bank means Bank of China Limited Shanghai Branch, BOC Tower Sub-branch.
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Onshore Account Bank means CITIC Bank International (China) Limited.
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Onshore Account Bank means Union Bank with its registered office at 90 Xxxxxxx Xxxx., Xxx 000, Xxx Xxxx, XX 00000, Xxxxxx Xxxxxx of America.
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Onshore Account Bank. Each of the Original Arrangers in accordance with the provision of this Term Sheet.
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Onshore Account Bank means Barclays Bank of Kenya Limited or such other Kenyan bank as the Company and the Global Agent may agree (acting on the instructions of the Lenders).
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Onshore Account Bank means China Development Bank Corporation Henan Branch.
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