Foreign Bank Accounts Sample Clauses

Foreign Bank Accounts. Company is hereby authorized to open, maintain, control and operate accounts in any currency in foreign banks outside Namibia, to have full and complete control of such accounts, and to retain abroad and freely dispose of any funds in such accounts. Among other reasons, withdrawals may be made for payments for goods and services acquired abroad, for payments to subcontractors engaged in Petroleum Operations, and for transferring funds to local banks in Namibia to meet local expenditures, all in connection with Company’s activities under this Agreement.
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Foreign Bank Accounts. Borrower represents and warrants to Silicon that the aggregate amount of all deposit accounts maintained at financial institutions outside of the United States do not, in the aggregate, exceed $500,000 and will not, while this Agreement is in effect, exceed $600,000 in the aggregate. Borrower: Silicon: P-COM, INC. SILICON VALLEY BANK By /s/ Xxxxxxxx X. Xxxxxxxxxx BY /s/ Xxxxxxxxxxx X. Xxxx -------------------------- ----------------------- President or Vice President Title Senior VP By /s/ Xxxxxxxx X. Xxxx ---------------------------- Secretary or Ass't Secretary Borrower: P-COM NETWORK SERVICES, INC. By /s/ Xxxxxxxx X. Xxxxxxxxxx --------------------------- President or Vice President By /s/ Xxxxxxxx X. Xxxx ---------------------------- Secretary or Ass't Secretary Form: -3 (3/7/02) Version -0 EXHIBIT A [ATTACH PROJECTIONS]
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Foreign Bank Accounts. Borrowers will not maintain in excess of One Million Five Hundred Thousand Dollars ($1,500,000), in the aggregate, of cash, Investment Property, Securities or other assets in Deposit Accounts or Securities Accounts maintained outside of the United States. In addition, no Borrower will deposit or transfer any cash, Investment Property, Securities or other assets in or to any Deposit Account or Securities Account maintained outside of the United States at any time that an Event of Default has occurred and is continuing.
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Foreign Bank Accounts. The Contractor is hereby authorized to open, maintain, control and operate accounts in any currency in foreign banks outside of Mongolia, to have full and complete control of such accounts, and to retain abroad and freely dispose of any funds in such accounts.
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Foreign Bank Accounts. Those foreign bank accounts listed from time to time on Schedule 9.20.
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Foreign Bank Accounts. Borrower represents and warrants to Silicon that the aggregate amount of all deposit accounts maintained at financial institutions outside of the United States do not, in the aggregate, exceed $500,000 and will not, while this Agreement is in effect, exceed $600,000 in the aggregate. ================================================================================ 9. EXIM PROVISIONS:
Sample 1
Foreign Bank Accounts. The Borrower shall not, and shall not permit any Subsidiary of the Borrower to, establish or maintain any deposit account outside the United States other than those identified on Schedule 9.14 as a "foreign account" and shall not permit the deposit of monies in any such "foreign account" except for deposit payments, payments received from operations of the Borrower or such Subsidiary in a foreign country and transfers necessary to maintain such foreign operations and otherwise not prohibited under the terms of this Agreement.
Sample 1
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Foreign Bank Accounts. Without limitation upon any other terms of this Agreement, Borrower covenants and agrees that the proceeds of any Export-Related Accounts Receivable that are remitted by the Account Debtor to any account in the name of Borrower or any of its subsidiaries (including, without limitation, Tegal GmbH), whether maintained at Deutsche Bank or any other foreign financial institution (each such account a "Foreign Bank Account"), are to be remitted by Borrower (or, if applicable, caused to be remitted by Borrower), immediately to Borrower's cash collateral account maintained at Silicon in accordance with Section 4.4 above. Additionally, without limitation upon any other terms of this Agreement, within 30 days of the date of this Agreement with respect to any Foreign Bank Account which exists as of the date hereof, and prior to establishing any new Foreign Bank Account, Borrower shall either (i) provide Silicon with liens against the Foreign Bank Accounts which, under the laws applicable to the Foreign Bank Accounts, are equivalent in priority and protection to a first-priority perfected security interest ("Priority Lien"), and with dominion over such Foreign Bank Accounts, including without limitation, by causing Deutsche Bank and any other financial institution at which a Foreign Bank Account is maintained to execute such documents and take such other actions as Silicon deems necessary in order to grant Silicon such lien against, and dominion over, all Foreign Bank Accounts; or at Borrower's option, or at Silicon's option if Silicon determines in its good faith business judgment that a Priority Lien and dominion cannot be obtained within the above referenced time periods, (ii) establish a new bank account (or use an existing bank account) in the United States at Silicon, or such other financial institution as is acceptable to Silicon, (the "U.S. Account"), cause Silicon to have a first-priority perfected security interest in the U.S. Account, cause Silicon to have dominion over the U.S. Account, and direct all Account Debtors of Export-Related Accounts Receivable to remit payments to such U.S. Account.
Sample 1

Related to Foreign Bank Accounts

  • Bank Account Payments shall be made to the Contractor’s bank account denominated in euro, identified as follows: Name of bank: [complete] Address of branch in full: [complete] Exact designation of account holder: [complete] Full account number including codes: [complete] [IBAN code: [complete]]

  • Additional Bank Accounts Borrower shall not, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Blocked Accounts and the accounts set forth in Schedule 8.8 hereto, except: (a) as to any new or additional Blocked Accounts and other such new or additional accounts which contain any Collateral or proceeds thereof, with the prior written consent of Lender and subject to such conditions thereto as Lender may establish and (b) as to any accounts used by Borrower to make payments of payroll, taxes or other obligations to third parties, after prior written notice to Lender.

  • Bank Accounts The Custodian shall identify on its books as belonging to the applicable Fund cash (including cash denominated in foreign currencies) deposited with the Custodian. Where the Custodian is unable to maintain, or market practice does not facilitate the maintenance of, cash on the books of the Custodian, a bank account or bank accounts shall be opened and maintained outside the United States on behalf of a Portfolio with a Foreign Sub-Custodian. All accounts referred to in this Section shall be subject only to draft or order by the Custodian (or, if applicable, such Foreign Sub-Custodian) acting pursuant to the terms of this Agreement to hold cash received by or from or for the account of the Portfolio. Cash maintained on the books of the Custodian (including its branches, subsidiaries and affiliates), regardless of currency denomination, is maintained in bank accounts established under, and subject to the laws of, The Commonwealth of Massachusetts.

  • Location of Bank Accounts Schedule 6.01(v) sets forth a complete and accurate list as of the Effective Date of all deposit, checking and other bank accounts, all securities and other accounts maintained with any broker dealer and all other similar accounts maintained by each Loan Party, together with a description thereof (i.e., the bank or broker dealer at which such deposit or other account is maintained and the account number and the purpose thereof).

  • Agreements with Foreign Banking Institutions Each agreement with a foreign banking institution shall provide that: (a) the assets of each Portfolio will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the foreign banking institution or its creditors or agent, except a claim of payment for their safe custody or administration; (b) beneficial ownership for the assets of each Portfolio will be freely transferable without the payment of money or value other than for custody or administration; (c) adequate records will be maintained identifying the assets as belonging to each applicable Portfolio; (d) officers of or auditors employed by, or other representatives of the Custodian, including to the extent permitted under applicable law the independent public accountants for the Fund, will be given access to the books and records of the foreign banking institution relating to its actions under its agreement with the Custodian; and (e) assets of the Portfolios held by the foreign sub-custodian will be subject only to the instructions of the Custodian or its agents.

  • Custody of Partnership Funds; Bank Accounts (a) All funds of the Partnership not otherwise invested shall be deposited in one or more accounts maintained in such banking or brokerage institutions as the General Partner shall determine, and withdrawals shall be made only on such signature or signatures as the General Partner may, from time to time, determine.

  • Checking Accounts The Credit Union may refuse any check or other item drawn against your account or used to withdraw funds from your account if it is not on a form approved by us. We also reserve the right to refuse any check or other item drawn against your account or used to withdraw funds from your account if made in a manner not specifically authorized for your account, if made more frequently or in a greater number than specifically permitted for your account, or if made in an amount less than the minimum withdrawal or transfer specifically permitted for your account. If we accept a check or other item not on a form approved by us, you will be responsible for any loss by us in handling the item. We may pay checks or other items drawn upon your account in any order determined by us, even if paying a particular check or item results in an insufficient balance in your account to pay one or more other items that otherwise could have been paid out of your account. Because of the nature of the Credit Union check program, neither the Credit Union nor any other processing entities shall be responsible for the authenticity of the checks with regard to the signature or alterations; and checks, when presented, shall be paid without verification. We may disregard all information on or any writing or memorandum attached to any check or item except for your signature, the amount and the information that is magnetically encoded. You agree that we do not fail to use ordinary care because our procedures do not provide for sight examination. You will notify us immediately if you learn or have reason to know that any of your checks have been lost or stolen. If you are negligent in safeguarding your checks or if there is a processing problem due to your use of a check printer we do not approve, we will not have any liability or responsibility for any losses you incur as a result if we act in good faith pursuant to standard commercial practices.

  • Depository Accounts Except to the extent that Manager has not complied with its obligations under Sections 2.4 and 5.2, Owner and Manager agree that Manager shall have no liability for loss of funds of Owner contained in the bank accounts for the Property maintained by Owner or Manager pursuant to this Agreement due to insolvency of the bank or financial institution in which its accounts are kept, whether or not the amounts in such accounts exceed the maximum amount of federal or other deposit insurance applicable with respect to the financial institution in question.

  • Administration of Deposit Accounts Schedule 8.5 sets forth all Deposit Accounts maintained by Obligors, including all Dominion Accounts. Each Obligor shall take all actions necessary to establish Agent’s control over each such Deposit Account (other than Excluded Deposit Accounts). Each Obligor shall be the sole account holder of each Deposit Account and shall not allow any Person (other than Agent) to have control over a Deposit Account or any Property deposited therein. Each Obligor shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

  • Investment of Accounts (a) To the extent there are uninvested amounts deposited in the Series Accounts, the Issuer shall cause such amounts to be invested in Permitted Investments selected by the Issuer that mature no later than the immediately preceding Transfer Date.

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