Offshore Accounts are deposit and/or operating accounts maintained by Borrower and/or its Related Entities with foreign financial institutions for ordinary necessary operating expenses of Borrower and/or its Related Entities, provided further that the aggregate balance of all such accounts does not exceed Seven Million Dollars ($7,000,000) in the aggregate at any time.
Offshore Accounts means accounts maintained by Company’s Subsidiaries outside the United States and the United Kingdom, provided that the maximum balance maintained in such accounts does not exceed the aggregate amount of $25,000,000 at any time.
Offshore Accounts means the Offshore Deposit Accounts and the Offshore Securities Accounts, in each case as established and maintained pursuant to the Depositary Agreement.
Examples of Offshore Accounts in a sentence
Itai Grinberg, The Battle Over Taxing Offshore Accounts, 60 UCLA L.
Richard Harvey, Jr., Offshore Accounts: Insider’s Summary of FATCA and its Potential Future, 57 VILL.L. REV.
I.R.S. Auditors Taking Closer Look at Quiet Disclosures of Offshore Accounts, 2013 TNT 202-4 (Oct.
See also Itai Grinberg, The Battle Over Taxing Offshore Accounts, 60 UCLA L.
U.S. Justice Department Press Release, Court Authorizes Service of John Doe Summons Seeking the Identities of U.S. Taxpayers with Offshore Accounts at CIBC FirstCaribbean International Bank (Apr.
More Definitions of Offshore Accounts
Offshore Accounts means, collectively, the Offshore Construction Account, the Performance LD Account, the Xxxxx XX Account, the Prepayment Account, the Offshore Debt Service Accrual Account and the Offshore Debt Service Reserve Account.
Offshore Accounts has the meaning given to it in Section 12.1 (Maintenance of Project Accounts) and “Offshore Account” means any of the Offshore Accounts.
Offshore Accounts are accounts maintained by Borrower or its Subsidiaries outside the United States with other financial institutions (other than Bank or Bank’s Affiliates), “Operating Documents” are, for any Person, such Person’s formation documents, as certified by the Secretary of State (or equivalent agency) of such Person’s jurisdiction of organization on a date that is no earlier than thirty (30) days prior to the Effective Date, and, (a) if such Person is a corporation, its bylaws in current form, (b) if such Person is a limited liability company, its limited liability company agreement (or similar agreement), and (c) if such Person is a partnership, its partnership agreement (or similar agreement), each of the foregoing with all current amendments or modifications thereto. “Overadvance” is defined in Section 2.2. “Patents” means all patents, patent applications and like protections including without limitation improvements, divisions, continuations, renewals, reissues, extensions and continuations-in-part of the same. “Payment/Advance Form” is that certain form attached hereto as Exhibit D. “Perfection Certificate” is defined in Section 5.1. “Permitted Amount” is defined in Section 6.6(a). “Permitted Indebtedness” is: (a) Borrower’s Indebtedness to Bank under this Agreement and the other Loan Documents; (b) Indebtedness existing on the Effective Date and shown on the Perfection Certificate; (c) Subordinated Debt; (d) unsecured Indebtedness to trade creditors incurred in the ordinary course of business; (e) Indebtedness incurred as a result of endorsing negotiable instruments received in the ordinary course of business; (f) Indebtedness secured by Liens permitted under clauses (a) and (c) of the definition of “Permitted Liens” hereunder; and (g) extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness (a) through (f) above, provided that the principal amount thereof is not increased or the
Offshore Accounts are accounts maintained by a Borrower’s Subsidiaries outside the United States with financial institutions other than Bank or Bank’s Affiliates, provided that the maximum balance maintained in such accounts does not exceed the aggregate amount of Sixty-Five Million Dollars ($65,000,000.00) at any time. “Operating Documents” are, for any Person, such Person’s formation documents, as certified by the Secretary of State (or equivalent agency) of such Person’s jurisdiction of organization on a date that is no earlier than 30 days prior to the Effective Date, and, (a) if such Person is a corporation, its bylaws in current form, (b) if such Person is a limited liability company, its limited liability company agreement (or similar agreement), and (c) if such Person is a partnership or limited partnership, its partnership agreement or limited partnership agreement (or similar agreement), each of the foregoing with all current amendments or modifications thereto. “Other Connection Taxes” are, with respect to Bank, Taxes imposed as a result of a present or former connection between Bank and the jurisdiction imposing such Tax (other than connections arising from Bank having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Credit Extension or Loan Document). “Other Taxes” are all present or future stamp, court, documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment. “Overadvance” is defined in Section 1.3. “Parent” is defined in Section 1.12(b). “Patents” are all patents, patent applications and like protections including without limitation improvements, divisions, continuations, renewals, reissues, extensions and continuations-in-part of the same. “Payment Conditions” are, with respect to any payment or Investment, the following conditions (i) if at the time of and immediately after the contemplated payment or Investment, Borrowers are utilizing greater than or equal to seventy-five percent (75%) of the lesser of (A) the Revolving Line or (B)...
Offshore Accounts has the meaning set forth in the Accounts Agreement.
Offshore Accounts means those Accounts of a Company due from United States citizens located outside of the United States on a United States military base with an APO/FPO address in an aggregate amount not to exceed $300,000 or such other amount as the Agent shall from time to time determine.
Offshore Accounts are accounts maintained by Borrower’s Subsidiaries outside the United States and United Kingdom with financial institutions other than Bank or Bank’s Affiliates, provided that the maximum balance maintained in such accounts does not exceed: (i) on or before December 31, 2016, the aggregate amount of Twenty Million Dollars ($20,000,000.00) at any time and (ii) on and after January 1, 2017, the aggregate amount of Fifteen Million Dollars ($15,000,000.00) at any time.