Special Account. 1. The Borrower may, for the purposes of the Project open and maintain in Dollars a special deposit account in Bank Indonesia or in a commercial bank acceptable to the Bank, on terms and conditions satisfactory to the Bank, including, in the case of a commercial bank, appropriate protection against set-off, seizure and attachment.
Appears in 4 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement
Special Account. 1. The Borrower may, for the purposes of the Project may open and maintain in Dollars a special deposit account in Bank Indonesia (its Central Bank) or in a state commercial bank acceptable to the Bank, on terms and conditions satisfactory to the Bank, including, in the case of a state commercial bank, appropriate protection against set-off, seizure and attachment.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement
Special Account. 1. The Borrower may, for the purposes of the Project Project, open and maintain in Dollars Dollars, a special deposit account in Bank Indonesia or in a commercial bank acceptable to the BankAssociation, on terms and conditions satisfactory to the BankAssociation, including, in the case of a commercial bank, appropriate protection against set-off, seizure and attachment.
Appears in 2 contracts
Samples: Development Credit Agreement, Development Credit Agreement
Special Account. 1. The Borrower may, for the purposes of the Project Project, open and maintain in Dollars a special deposit account in Bank Indonesia or in a commercial bank acceptable to the BankAssociation, on terms and conditions satisfactory to the BankAssociation, including, in the case of a commercial bank, appropriate protection against set-off, seizure and attachment.
Appears in 1 contract
Samples: Development Credit Agreement
Special Account. 1. The Borrower may, for the purposes of the Project may open and maintain in Dollars a special deposit account in Bank Indonesia or in a commercial bank acceptable to the BankAssociation, on terms and conditions satisfactory to the BankAssociation, including, in the case of a commercial bank, including appropriate protection against set-off, seizure and attachment.
Appears in 1 contract
Samples: Development Credit Agreement
Special Account. 1. The Borrower may, for the purposes of Part A of the Project (except Part A.4 of the Project), open and maintain in Dollars a special deposit account in Bank Indonesia or in a commercial bank acceptable to the Bank, specifically authorized for this purpose by Bangko Sentral ng Pilipinas on terms and conditions satisfactory to the Bank, including, in the case of a commercial bank, including appropriate protection against set-off, seizure and attachment.
Appears in 1 contract
Samples: Loan Agreement
Special Account. 1. The Borrower may, for the purposes of the Project may open and maintain in Dollars a special deposit account in Bank Indonesia or in a commercial bank acceptable to the Bank, on terms and conditions satisfactory to the Bank, including, in the case of a commercial bank, including appropriate protection against set-off, seizure and attachment.
Appears in 1 contract
Samples: Loan Agreement
Special Account. 1. The Borrower may, for the purposes of the Project may open and maintain in Dollars a special deposit account in Bank Indonesia or in a commercial bank acceptable to the BankAssociation, on terms and conditions satisfactory to the BankAssociation, including, in the case of a commercial bank, including appropriate protection against set-set- off, seizure and attachment.
Appears in 1 contract
Samples: Development Credit Agreement
Special Account. 1. The Borrower may, for the purposes of the Project open and maintain in Dollars a special deposit account in Bank Indonesia or in a commercial bank acceptable to the BankAssociation, on terms and conditions satisfactory to the BankAssociation, including, in the case of a commercial bank, appropriate protection against set-off, seizure and attachment.
Appears in 1 contract
Samples: Development Credit Agreement