Operations Account definition

Operations Account has the meaning given in clause 8.3;

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Operations Account has the meaning given to that term in Clause 18.1(a)(ii) (The Accounts).

Operations Account means the account maintained in accordance with this Agreement showing the charges and credits incurred or obtained by the Operator that are chargeable or credited to the Company.

Examples of Operations Account in a sentence

• SOCAR shall pay a mutually agreed fee for such use to be credited to the Petroleum Operations Account.

• Fees from Third Parties' access to Contractor Facilities shall be credited to the Petroleum Operations Account.

• Fees from Third Parties’ access to Contractor Facilities shall be credited to the Petroleum Operations Account.

• Any gain or loss resulting from the exchange of currencies required for Petroleum Operations and any fees or other banking charges levied in connection with such exchange of currencies or any gain or loss resulting from translation of expenditures and sales revenues in accordance with the provisions of Article 19.11 shall be included in Costs and Expenses and recoverable from Cost Recovery Petroleum and credited or charged to the Petroleum Operations Account.

• Funds from such sales prior to Zero Balance will be credited to the Petroleum Operations Account and after Zero Balance will be credited to SOCAR’s account.

More Definitions of Operations Account

Operations Account means the escrow account established pursuant to clause 5.4(a) to which all Revenues and Advances shall be paid and where such Revenues, Advances and all expenditures and receipts in relation to Operations shall be recorded;

Operations Account has the meaning given to such term in the Accounts Agreement.

Operations Account has the meaning given in Section 8.3 of the Indenture.

Operations Account means the deposit account in the name of the Borrower established at Connect One, which such deposit account shall only hold unrestricted cash and shall not hold any customer cash or other amounts held in trust for third parties.

Operations Account means the books of account maintained by the Operator to record all Costs, credits and other transactions arising out of or in connection with Operations.

Operations Account means the INR denominated bank account in the name of the Company with account number 912020059522625 held with Axis Bank, Fort, Mumbai Branch.

Operations Account means the deposit account in the name of the Borrower established at Connect One, which such deposit account shall only hold unrestricted cash and shall not hold any customer cash or other amounts held in trust for third parties. “Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient 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 Loan or Loan Document). “Other Taxes” means all present or future stamp, court or 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. “Participant Register” has the meaning specified therefor in Section 12.07(i). -30- 939843v.13