Special Accounts. 1. The Borrower may open and maintain, in Dollars, Special Account A and B in a commercial bank acceptable to the Association, on terms and conditions satisfactory to the Association, including appropriate protection against set-off, seizure and attachment.
Appears in 2 contracts
Samples: Development Credit Agreement, Credit Agreement
Special Accounts. 1. The Borrower may open and maintain, maintain in DollarsDollars two special deposit accounts in a NBE, Special Account A (A) and B in a commercial bank acceptable to the Association, Special Account (B) on terms and conditions satisfactory to the Association, including appropriate protection against set-off, seizure and attachment.
Appears in 1 contract
Samples: Development Financing Agreement
Special Accounts. 1. (a) The Borrower may shall open and maintain, maintain in Dollars, Special Account A and B dollars in a commercial bank acceptable to the Association, and on terms and conditions satisfactory to the Association, including appropriate protection against set-off, seizure and attachment, four separate special deposit accounts for MEMD/REA, PSF, UCC and BOU respectively.
Appears in 1 contract
Samples: Development Credit Agreement
