Common use of Offshore Bank Account Clause in Contracts

Offshore Bank Account. The Company shall establish and maintain a bank account denominated in Dollars at the principal London branch of Citibank, N.A. (the "Offshore Bank Account"), which account shall be pledged to Moscow Narodny Bank Limited, as security trustee for the Project Lenders, as security for all amounts payable by the Company under this Agreement, the EBRD Loan Agreement and the other Financing Agreements. The Company shall maintain five subaccounts of the Offshore Bank Account designated as the Disbursement Subaccount, the Roskomdragrnet Sales Subaccount, the Export Sales Subaccount, the Revenue Subaccount and the Cash Collateral Subaccount.

Offshore Bank Account. The Company shall establish and maintain a bank account denominated in Dollars at the principal London branch of Citibank, N.A. (the "Offshore Bank Account"), which account shall be pledged to Moscow Narodny Bank Limited, as security trustee for the Project Lenders, as security for all amounts payable by the Company under this Agreement, the EBRD Loan OPIC Finance Agreement and the other Financing Agreements. The Company shall maintain five subaccounts of the Offshore OffShore Bank Account designated as the Disbursement Subaccount, the Roskomdragrnet Roskomdragmet Sales Subaccount, the Export Sales Subaccount, the Revenue Subaccount and the Cash Collateral Subaccount.