Deposits of Loan Amounts. 1. The Borrower shall open, prior to furnishing to the Bank the request for withdrawal from the Loan Account, and shall thereafter maintain a Deposit Account in Dollars in Bangko Sentral ng Pilipinas on terms and conditions satisfactory to the Bank.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement
Deposits of Loan Amounts. 1. The Borrower shall open, prior to furnishing to the Bank the request for withdrawal from the Loan Account, and shall thereafter maintain a Deposit Account in US Dollars in Bangko Sentral ng Pilipinas on terms and conditions satisfactory to the Bank.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement
Deposits of Loan Amounts. 1. The Borrower shall open, prior to furnishing to the Bank the request for withdrawal from the Loan Account, and shall thereafter maintain a Deposit Account deposit account in Dollars in Bangko Sentral ng Pilipinas on terms and conditions satisfactory to the BankBank (“Deposit Account”).
Appears in 1 contract
Samples: Loan Agreement
