MOA Account definition
MOA Account means, in respect of each MOA, the interest bearing Dollar bank account opened or (as the context may require) to be opened jointly by the relevant Seller and the relevant Buyer with the Bank in their joint names pursuant to the provisions of clause 2 of the relevant MOA, and “MOA Accounts” means, together, all the joint interest bearing Dollar bank accounts opened pursuant to the provisions of clause 2 of each MOA;
Examples of MOA Account in a sentence
On the later of July 19, 2010 and the date by which all MOA Accounts have been opened, Sellco and Buyco shall instruct the Bank to remit to each MOA Account the amount of the relevant MOA Deposit as specified in the relevant MOA using funds from the Initial Deposit.