Offshore Accounts Clause Samples

Offshore Accounts. The Offshore Account Holder shall deliver to the Borrowers and the Lender, no later than twenty (20) days after the end of each month following the Initial Funding Date, copies of the account statements for all Offshore Accounts (including all Subaccounts) for each month prepared or compiled by the Offshore Account Holder. Such account statements shall indicate, with respect to each such account, deposits, credits and transfers, investments made and closing balances.