OBU definition

OBU. (offshore banking unit) means an offshore banking unit within the meaning of Division 11A of Part III.
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OBU means a physical electronic unit (a transponder) that is mounted in a vehicle and associated with such vehicle’s Licence Plate Number, which is used to collect, store, process, and remotely receive and transmit data of the vehicle’s passing of Toll Gates, and which is issued and powered by Brobizz;
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OBU means a physical electronic unit (a transponder) that is mounted in a vehicle and associated with such vehicle’s Licence Plate Number, which is used to collect, store, process, and remotely
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Examples of OBU in a sentence

  • The Principal (not including OBU customers) shall complete and submit to the Bank an account opening application form for the Gold Investment Account (hereinafter referred to as "the Account").

  • OBU investments are subject to a trust management fee of no lesser than USD20 (or equivalent foreign currency).

  • OBU securities are subject to a trust management fee of no lesser than USD20 (or equivalent foreign currency).

  • The System Operator requires the use of the OBU exclusively with original accessories.

  • Setting the OBU is understood as entering the correct data in the OBU, in particular the vehicle category and the number of axles.

  • Returning to an operational and undamaged OBU shall terminate the Contract on the Provision of the On-Board Unit as a whole or in the part related to the Vehicle to which this OBU was assigned in the Electronic Toll Collection System.

  • The Contract on the Use of Specified Road Sections shall also be terminated with the expiration of 6 months after the day of recording the last Toll Transaction by the OBU assigned to the Vehicle and by a written notice of termination by one of the parties.

  • If as a result of the incorrect setting of the OBU by the Vehicle Operator, the Electronic Toll Collection System applies a higher Toll rate than the Toll rate which corresponds to the actual category of the Vehicle, the Vehicle Operator is obliged to pay the Toll calculated at the higher Rate.

  • Unless otherwise agreed, "foreign currency deposit account" as referred to in this General Agreement for Account Opening ("Agreement") includes foreign currency current deposit, foreign currency time deposit, and foreign currency omnibus deposit having both foreign currency current deposit and time deposit functions opened by the Account Holder with the OBU.

  • Upon the receipt of the OBU, the person appointed by the System Operator must set, based on the registration data defined in the Terms and Conditions 1, the vehicle category, the total vehicle weight, the number of axles of the vehicle and the vehicle emission class.

Related to OBU

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • Marihuana means that term as defined in section 7106 of the public health code, 1978 PA 368, MCL 333.7106.

  • FIU means the Financial Intelligence Unit of Trinidad and Tobago established under section 3 of the Financial Intelligence Unit of Trinidad and Tobago Act;

  • aeroplane means a power-driven heavier-than-air aircraft, deriving its lift in flight chiefly from aerodynamic reactions on surfaces which remain fixed under given conditions of flight;

  • WADA means the World Anti-Doping Agency.