Permitted Bank Accounts definition

Permitted Bank Accounts means each of the following:
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Permitted Bank Accounts means each of the accounts held by Xxxxx (ROI) Limited with Ulster Bank (or such other bank notified by the Parent to the Agent from time to time).
Sample 1
Permitted Bank Accounts means each bank account maintained by the Obligors and the PRC Company in Hong Kong with the Security Trustee, the Agent or one of the Lenders for the purpose of operating its banking functions and the accounts as permitted under paragraph (a)(iii) of Clause 24.12 (Bank accounts).
Sample 1

Examples of Permitted Bank Accounts in a sentence

  • MCA-L uses two modes of payment:• Through Permitted Bank Accounts which are held at the United Bank for Africa (UBA)in Liberia and• Through the Common Payment System (CPS), which is operated by the Internal Business Centre (IBC) in USA.

  • The Fiscal Agent has sole signature authority on the MCA-Côte d’Ivoire’s Permitted (Bank) Accounts as part of a bank agreement and the sole authority to authorize payments/disbursements through MCC’s Common Payment System, following required reviews performed by MCA management per the delegation matrix annexed to the FAP.


More Definitions of Permitted Bank Accounts

Permitted Bank Accounts has the meaning specified in Section 7.10. -----------------------
Sample 1
Permitted Bank Accounts is defined in Section 6.8 (a).
Sample 1
Permitted Bank Accounts means each of the accounts held by Schuh (RoI) Limited with Ulster Bank (or such other bank notified by the Parent to the Agent from time to time).
Sample 1

Related to Permitted Bank Accounts

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • 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.

  • Nominated Bank Account means MDL’s bank account as notified by MDL to the other Party from time to time.

  • Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Ineligible Institution has the meaning assigned to such term in Section 9.04(b).

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Permitted Investments means:

  • Eligible Institution Any of the following:

  • Excluded Accounts means any Xxxxx Cash Account and any other deposit account used for (a) funding payroll or segregating payroll taxes or funding other employee wage or benefit payments, (b) segregating 401(k) contributions or contributions to an employee stock purchase plan or (c) funding other employee health and benefit plans.

  • Eligible Instruments means monetary assets, money market instruments and securities that are payable in Dollars only and essentially risk free as to collection of principal and interest, including U.S. Government Obligations.

  • Deposit Accounts means all “deposit accounts” as such term is defined in the UCC, now or hereafter held in the name of a Debtor.

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.

  • Permitted Existing Investments means the Investments of the Borrower and its Subsidiaries identified as such on Schedule 1.1.2 to this Agreement.

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

  • Financing Accounts means, collectively, the Credit Account and the Grant Account (or, where the context so requires, either of the Credit Account or the Grant Account).”

  • Charitable Institution shall refer to an organization described in section 501(c)(3) of the Code (or any corresponding provision of a future United State Internal Revenue law) which is exempt from income taxation under section 501(a) thereof; and (iii) “presumptive remaindermen” shall refer to those Persons entitled to a share of a trust’s assets if it were then to terminate.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Agency Account(s means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1 hereof.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Approved Deposit Account means a Deposit Account maintained by any Loan Party that is the subject of an effective Deposit Account Control Agreement. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.