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;
Retention Account means an account in the name of the Borrower with the Lender in Basel or any other account (with that or another office of the Lender or with a bank or financial institution other than the Lender) which is designated by the Lender as the Retention Account for the purposes of this Agreement;
Retention Account means an account in the name of the Borrower with the Agent in Hamburg designated "Ultra One Shipping Ltd — Retention Account", or any other account (with that or another office of the Agent or with a bank or financial institution other than the Agent) which replaces this account and is designated by the Agent as the Retention Account for the purposes of this Agreement in accordance with the Agent's instructions;
Examples of Retention Account in a sentence
Any credit balance on the Retention Account shall bear interest at the rate from time to time offered by the Account Bank to its customers for Dollar deposits of similar amounts and for periods similar to those for which such balance appears to the Account Bank likely to remain on the Retention Account.
More Definitions of Retention Account
Retention Account has the meaning given to it in Section 3.10 of the Security Agreement; “Reuters Screen Page” has the meaning given to it in Condition 5.10 (Definitions);
Retention Account means an account in the name of the Borrower with the Account Bank designated “ Navios Maritime Partners LP. - Retention Account”, which is designated by the Agent as such account for the purposes of this Agreement;
Retention Account has the meaning given to it in Section 3.10 of the Security Agreement;
Retention Account an interest bearing USD Account required to be opened hereunder with the relevant Account Bank in the name of the Borrowers designated “Navios — Retention Account” and includes any other account designated in writing by the Agent to be the Retention Account for the purposes of this Agreement;
Retention Account has the meaning ascribed to it in the Assignment of Earnings and Insurances;
Retention Account means any Account designated as a “Retention Account” under clause 25 (Bank accounts).
Retention Account means the account Nr. 001.044296.037 opened in the name of the Borrower where monies shall be deposited in accordance with Clause 25.02 such account to include any substitute account or revised account or revised designation or number whatsoever and any deposit account to which monies from such account may from time to time be paid on a time deposit basis;