PMA Account definition

PMA Account means the Indonesian bank account(s) established by PTSC and into which shall be deposited all amounts contributed by each Shareholder to PTSC for Shares, for subscription payments for Shares, or for Subordinated Shareholder Loans made by such Shareholder to PTSC.
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PMA Account means the Indonesian bank account(s) established by PTSC and into which shall be deposited all amounts contributed by each Shareholder to PTSC for Shares, for subscription payments for Shares, or for Subordinated Shareholder Loans made by such Shareholder to PTSC. "Precious Metal Slime Sale and Purchase Agreement" means the agreement to be entered into between PTSC and MC pursuant to which MC will offtake all of the precious metal slime produced by PTSC. "Production Date" means the date the first 1,200 MT of anodes acceptable for refining by PTSC's refinery have been produced by PTSC's smelter over a period of four (4) consecutive days. "Project" has the meaning set forth in the preliminary statements. "Project Information" has the meaning set forth in Section 18.1(a). "Project Lenders" shall mean the agents and the lenders (other than PTSC's shareholders), and that are party to the Project Loans, and their successors and permitted assigns. "Project Loans" shall mean the Loan Agreement (and related credit and security documentation) to be entered into between PTSC and the Project Lenders in regards to financing the construction and initial working capital of the Project. "Project Planning Agreement" means that certain Project Planning Agreement dated May 12, 1995 entered into by MMC and FI concerning the preparation of a feasibility study for the Project. "Qualified Transferee" has the meaning set forth in Section 5.7. "ROI" means the Republic of Indonesia. "Share" or "Shares" means a share of common stock in PTSC. "Shareholder" means a person who owns Shares. "Shareholders Agreement" has the meaning set forth in the preliminary statements. "Shareholder Support" has the meaning set forth in the Credit Documents. "Smelter License Agreement" means the agreement to be entered into between PTSC and MMC pursuant to which MMC will grant to PTSC a license of the Mitsubishi Continuous Copper Smelting and Converting Process, and any subsequent modifications, supplements or amendments thereto. "Stage 2 Completion Date" shall have the meaning set forth in the Loan Agreement. "Standard Dollar Interest Rate" shall mean the published prime commercial lending rate of The Chase Manhattan Bank or its successor. "Standard Rupiah Interest Rate" shall mean the published prime commercial lending rate of Bank Indonesia or its successor. "Subordinated Shareholder Loan" means a loan made by any Shareholder to PTSC which by its terms is expressly made subordinate to the Project Lo...
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PMA Account means the Indonesian bank account established by the Project Company and into which shall be deposited all amounts contributed by each Party to the Project Company for Shares issued by the Project Company to such Party, or for Subordinated Loans made by such Party to the Project Company.
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Examples of PMA Account in a sentence

  • Each Party shall pay the principal amount of the Subordinated Shareholder Loan, in cash, in U.S. Dollars, without any right of set-off, into the PMA Account by the deadline set by the Board of Directors, which shall not, unless otherwise approved by the General Meeting of Shareholders, be earlier than fourteen (14) days after the approval by BKPM of the revised investment plan reflecting such increase in Subordinated Shareholder Loans.

  • On each call for further payment, each Party shall pay in cash in the amount due without any right of set- off within thirty (30) days from the date of the notice into the PMA Account without any right of setoff.

  • Payment shall be made in cash in U.S. Dollars, in a lump sum into the PMA Account without any right of set-off.

  • All investment remittances into Indonesia for the purpose of any expenditures to be made in Indonesia (including but not limited to equity capital and loan capital) shall be deposited into a foreign investment account (the "PMA Account") established at one or more foreign exchange banks in Indonesia.

  • All investment remittances into Indonesia for the purpose of any expenditures to be made in Indonesia shall be deposited into a foreign investment account (the "PMA Account") established at one or more foreign exchange banks in Indonesia.

  • On each call for further payment, each Party shall pay in cash in the amount due without any right of set-off within thirty (30) days from the date of the notice into the PMA Account or Accounts of Project Company opened for that purpose without any right of setoff.

  • All investment remittances into Country for the purpose of any expenditures to be made in Country (including but not limited to equity capital and loan capital) shall be deposited into a foreign investment account (the PMA Account) established at one or more foreign exchange banks in Country.

  • Each Party shall pay the amount due, in cash, in U.S. Dollars, without any right of set-off, into the PMA Account by the deadline required by the Indonesian Ministry of Justice in connection with the approval of the amendment to the Articles of Association of PTSC reflecting such increase in the authorized capital of PTSC.