Owners’ Account definition
Owners’ Account means any Dollar bank account (includes any sub-account thereof) as may from time to time be notified by the Owners to the Charterers by not less than three (3) Banking Days prior written notice;
Owners’ Account means the account established by Owner into which Manager is to deposit all amounts collected by Manager under Section VI.A.
Owners’ Account has the meaning given to such term in paragraph (f) (Payment account information) of Clause 40 (Hire).
Examples of Owners’ Account in a sentence
Company agrees to notify Bank within a reasonable time not to exceed thirty (30) calendar days (except where applicable law provides a sixty (60) calendar day review period) after Company receives a periodic statement of any discrepancy between Company’s records and the information in the periodic statement with respect to Entries credited and debited to Company’s and/or Owners’ Account.
The periodic statement issued by Bank for Company’s Account will reflect Entries credited and debited to Company’s and/or Owners’ Account.
Owners’ Funds shall be withdrawn from the Owners’ Account only upon the signature of the Manager or its duly appointed designee.
More Definitions of Owners’ Account
Owners’ Account or "Account of Owner" shall have the meaning set forth in Section 4.02 of this Agreement.
Owners’ Account is defined in subsection 3.7(b).
Owners’ Account has the meaning given in Clause 26.6;
Owners’ Account shall have the meaning given to such term in Appendix C hereof. “Owner’s Representations” shall have the meaning given to such term in Section 4.1 hereof.
Owners’ Account. The account of the Owner at a bank or other entity most recently designated in a written notice by the Owner to the Servicer as the "Owner's Account."
Owners’ Account means such account in the name of the Owners which is held with DnB NOR and is specified as being the “Owners Account” for the purposes of this Charter or such other account as the Owners may specify to the Charterers from time to time in writing;
Owners’ Account means the account established by Owner into which Manager is to deposit all amounts collected by Manager under Section VI.A. "PERSON" means an individual, partnership, joint venture, corporation, trust, unincorporated association or other entity. "PRIME RATE" means the rate of interest announced by ▇▇▇▇▇▇ Guaranty Trust Company of New York or its successors, from time to time in its New York City office as its "prime" rate, or if no such rate is announced, then the rate charged to its best corporate customers for demand loans. "PROPERTY" means the Land together with all of the improvements now or hereafter erected thereon (including, without limitation, buildings, parking structures, paved areas, landscaped areas, landscaping, sidewalks, bridges and tunnels) commonly known as ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ as it may be expanded or renovated from time to time hereafter, together with all fixtures, machinery, equipment, and other property located thereon belonging to or leased or licensed by or for Owner and used in connection with the operation thereof. "RELATED PERSON" means, with respect to any Person (the "SUBJECT PERSON"), any other Person having any of the following relationships with the Subject Person: (i) any Affiliate of the Subject Person; 8 <PAGE> (ii) any other Person owning directly or indirectly more than fifteen percent (15%) of the issued and outstanding stock of, or more than a fifteen percent (15%) beneficial or voting interest in, the Subject Person; or (iii) any other Person more than fifteen percent (15%) of the issued and outstanding stock of which, or more than a fifteen percent (15%) beneficial or voting interest in which, is owned directly or indirectly by the Subject Person; "SMALL SHOP LEASE" means any Lease which both (i) covers a gross leasable area at the Property which is twenty thousand (20,000) square feet or less, and (ii) has a term, including renewal options (if any), less than or equal to ten (10) years; provided, however that the term "Small Shop Lease" expressly excludes all Temporary Leases. "STANDARD FORM OF SHOP LEASE" means the standard form leasing documents for Small Shop Leases and Large Shop Leases at the Property as approved by Owner, which approval will not be unreasonably withheld by Owner, as the same may be amended or restated from time to time in accordance with the provisions of this Agreement. "TEMPORARY LEASE" means any Lease of a temporary or seasonal nature, having a term, including renewal options...