Accounts Charge definition
Examples of Accounts Charge in a sentence
Each Lender agrees to the terms of the appointment of the Account Bank and confirms that the Account Bank has no liability to the Lenders in respect of amounts withdrawn from any Account (in accordance with this Agreement and the Accounts Charge Agreement).
To the extent the Borrower has any Lien in respect of any Deposit (as defined in the Offshore Accounts Charge), whether pursuant to the Cibernet Financial Net Settlement Regulations dated March 14, 1997 or otherwise, such Lien in favour of the Borrower shall in all respects be subordinate and postponed to the Security and the Borrower will take no action in respect of such Lien except any action specifically requested by the Senior Lenders.
The Accounts and all amounts from time to time standing to the credit thereof shall be subject to the security constituted and the rights conferred by the Accounts Charge.
The terms of this Agreement shall be subject to the terms of the Custodian Accounts Charge and all rights hereunder shall be construed accordingly.
The Special Accounts Charge shall be _______________ per month, which includes simple interest in the amount of ___________ on the principle of the Loan.
Charge No.2 means the confirmatory charge entered into on or about the date of the Amendment and Restatement Effective Date No.2, by the Owner, the Parent, the Parent Shareholder, Ocean Rig and the Security Trustee relating to the Swap Agreement Assignment, the General Assignment, the Share Charge, the Owner Accounts Charge Agreement, the Management Agreement Assignment, the Floating Charge, the Confirmatory Charge.
The Earnings Account and all amounts from time to time standing to the credit thereof shall be subject to the security constituted and the rights conferred by the Accounts Charge.
As of the date of this Agreement, a total sum of not less than two million four hundred thirty thousand eight hundred fifty eight Dollars and sixty three cents ($557,031.23) is being held in the Accounts, which are subject to the first priority charge made in favour of the Security Agent pursuant to the Accounts Charge.
Member agrees to repay this advance in installments not to exceed 12 monthly payments in the amount of ___________ to be shown as a Special Accounts Charge on Member’s Water ▇▇▇▇.
Within 30 days of receipt of such notice and details, the Custodian shall transfer the Shares to the successor Custodian, subject to the successor Custodian becoming a party to the Custodian Accounts Charge or any successor agreement entered into by the parties thereto.