Foreign Currency Deposit Account definition

Foreign Currency Deposit Account means the account referred to in Part D. 1 of Section II of Schedule 1 to this Agreement.
Foreign Currency Deposit Account means the account referred to in Part D. 1 (a) of Section II of Schedule 1 to this Agreement. “General Conditions” means the “International Development Association General Conditions for Credits and Grants”, dated July 31, 2010 with the modifications set forth in Section II of this Appendix. Hard-to-Reach Areas” means remote or insecure areas in Recipient’s territory that are unable to attract and retain sufficient numbers of motivated staff because of difficult living conditions.
Foreign Currency Deposit Account means the account referred to in Section

Examples of Foreign Currency Deposit Account in a sentence

  • The multi-generational household form, in which parents and children co-reside, is the embodiment of the informal support system, which has been the cornerstone of eldercare in China for more than 2000 years (Gruijters, 2017; Li et al., 2010).

  • I will be transparent in that auditing practices is not the only reason for terminating contracts, but it is among my top 5 reasons for terminating.In my employment spent in non-profits, I spent time involved with auditing files and training purposes.

  • It is not possible to track the ultimate use of the foreign exchange provided by the development policy operation, but the grant proceeds will, within 30 days of the IDA disbursement, flow from the dedicated Foreign Currency Deposit Account at the NRBT into a local currency bank account of the government used to finance budgeted government expenditures.

  • Once the grant is approved by the Board and becomes effective, the Recipient shall open, prior to furnishing to the Association the first request for withdrawal from the Financing Account, and thereafter maintain the following two deposit accounts ("Deposit Accounts") on terms and conditions satisfactory to the Bank: (a) a deposit account in Dollars ("Foreign Currency Deposit Account"); and (b) a deposit account in Gourdes ("Local Currency Deposit Account").

  • MBL provides the service of foreign remittance through foreign currency accounts to the clients.Types of Account: - FC Account- Resident Foreign Currency Deposit Account- Non-resident Foreign Currency Deposit Account.

  • The fees and charges applying to your account are disclosed in the Foreign Currency Deposit Account PDS and FSG which was current at the time you completed and submitted your Account Application Form to Us. We reserve the right to enforce or not to enforce the application of account fees and charges, introduce new account fees and charges or vary the fees and charges currently applicable.

  • It is not possible to track the ultimate use of the foreign exchange provided by the development policy operation proceeds, but grant and credit proceeds flow into a dedicated Foreign Currency Deposit Account at the NRBT and from it to the budget of the Government, and are thus subject to normal PFM processes and NRBT procedures.

  • Once the credit is approved by the Board and becomes effective, the proceeds of the credit will be deposited by IDA, at the request of the Recipient, into a dedicated Foreign Currency Deposit Account that forms part of the official foreign exchange reserves.

  • The Borrower shall open, prior to furnishing to the Bank the first request for withdrawal from the Loan Account, and thereafter maintain, an account in Dollars (Foreign Currency Deposit Account) at the Borrower’s Central Bank, on terms and conditions satisfactory and acceptable to the Bank.

  • Upon each deposit of an amount of the Financing into the Foreign Currency Deposit Account, the Recipient shall ensure deposit by the BNR of the local currency equivalent amount into the Local Currency Deposit Account.


More Definitions of Foreign Currency Deposit Account

Foreign Currency Deposit Account means the account referred to in Part C. 1 (a) of Section II of Schedule 1 to this Agreement.

Related to Foreign Currency Deposit Account

  • Foreign Currency Letter of Credit means a Letter of Credit denominated in a Foreign Currency.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Foreign Currency Hedge means any foreign exchange transaction, including spot and forward foreign currency purchases and sales, listed or over-the-counter options on foreign currencies, non-deliverable forwards and options, foreign currency swap agreements, currency exchange rate price hedging arrangements, and any other similar transaction providing for the purchase of one currency in exchange for the sale of another currency.

  • Excluded Deposit Account means (a) any deposit account exclusively used for payroll, payroll taxes, and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such and (b) any Xxxxx Cash Accounts.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Eligible Currency means any lawful currency other than Dollars that is readily available, freely transferable and convertible into Dollars in the international interbank market available to the Lenders in such market and as to which a Dollar Equivalent may be readily calculated. If, after the designation by the Lenders of any currency as an Alternative Currency, any change in currency controls or exchange regulations or any change in the national or international financial, political or economic conditions are imposed in the country in which such currency is issued, result in, in the reasonable opinion of the Required Lenders (in the case of any Loans to be denominated in an Alternative Currency), (a) such currency no longer being readily available, freely transferable and convertible into Dollars, (b) a Dollar Equivalent is no longer readily calculable with respect to such currency, (c) providing such currency is impracticable for the Lenders or (d) no longer a currency in which the Required Lenders are willing to make such Credit Extensions (each of clauses (a), (b), (c), and (d), a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders and the Company, and such country’s currency shall no longer be an Alternative Currency until such time as the Disqualifying Event(s) no longer exist. Within, five (5) Business Days after receipt of such notice from the Administrative Agent, the Borrowers shall repay all Loans in such currency to which the Disqualifying Event applies or convert such Loans into the Dollar Equivalent of Loans in Dollars, subject to the other terms contained herein.

  • Balance Currency means the currency under which the trading account has the reference on and with which the Client buys or sells the subject matter instruments. It is noted that the all charges including Spreads, Commissions, Charges and Swaps are calculated in the Balance Currency.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Foreign Currencies means Agreed Currencies other than Dollars.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

  • Foreign Currency means any currency or currency unit issued by a government other than the government of the United States of America.

  • Facility Account means the account of Seller at Bank One, Account ---------------- No. 10-36987.

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.