Onshore Operating Account definition

Onshore Operating Account means the rupiah account of the Borrower opened or as the context may require, to be opened by the Borrower with the Onshore Account Bank, designated by the Onshore Account Bank to be the “PT HOEGH LNG LAMPUNG — Onshore Operating Account” and includes any re-designation and each sub-account thereof.
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Onshore Operating Account means the onshore operating account numbered [●]opened by the Onshore Account Bank in the name of Borrower and designated “Onshore Operating Account”, as such account may be renewed, redesignated or renumbered from time to time.
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Onshore Operating Account has the meaning given to it in the Accounts Management Agreement.
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Examples of Onshore Operating Account in a sentence

  • Borrower shall procure that all amounts transferred from the Offshore Operating Account in accordance with Section 15.2(c) (Withdrawals from Offshore Operating Account) are paid directly to the Onshore Operating Account.

  • Save as otherwise provided herein, Borrower may only withdraw amounts from the Onshore Operating Account, and shall apply all amounts so withdrawn, to pay Operating and Maintenance Costs (other than any Operating and Maintenance Costs incurred in contravention of Section 27.14 (Project Costs and Operating and Maintenance Costs) payable in riyals as and when they fall due.

  • In connection with the calculation of the Debt Service Coverage Ratio for any period any Peso denominated component of Operating Costs shall be expressed in Dollars using the Peso-to-Dollar rate of exchange actually applied upon the transfer of any amounts from any of the Offshore Accounts to the Onshore Operating Account during the relevant period.

  • The proceeds of the NPI Borrowing shall be deposited into the Onshore Operating Account and may be used by MSR at any time thereafter for the NPI Acquisition.

Related to Onshore Operating Account

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Individual development account means a contract between an account holder and a fiduciary organization, for the deposit of funds into a financial institution by the account holder, and the deposit of matching funds into the financial institution by the fiduciary organization, to allow the account holder to accumulate assets for use toward achieving a specific purpose approved by the fiduciary organization.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the Account.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Expense Account has the meaning given to such term in Section 3.01(a) hereof.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Management Accounts means the unaudited balance sheet of the Seller as at the Management Accounts Date and the unaudited statements of profit and loss of the Seller for the period commencing from 1st January 2007 and ended on the Management Accounts Date prepared in accordance with US GAAP and in a manner consistent with past practice, copies of which are annexed hereto as Exhibit B.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Primary Account or “Settlement Account” shall mean, in case of multiple Accounts linked to the ATM/Debit Card, the Account that has been designated as being the main/first Account of operation i.e. the Account from which purchase transactions, charges and fees related to the ATM/Debit Card are debited.

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Seller’s Bank Account shall have the meaning set forth in Section 3.2(b).

  • Deep poverty pocket means a population census tract having a