Common use of Account Holder’s confirmation Clause in Contracts

Account Holder’s confirmation. The written confirmation of the Account Holder that the Accounts have been opened with the Account Holder and to its actual knowledge are free from Encumbrances other than as created by or pursuant to the Security Documents and rights of set off in favour of the Account Holder as account holder.

Account Holder’s confirmation. The written confirmation of the Account Holder that the relevant Earnings Accounts have been opened with the Account Holder and to its actual knowledge are free from Encumbrances other than as created by or pursuant to the Security Documents and rights of set off in favour of the Account Holder as account holder.

Account Holder’s confirmation. The written confirmation of the Account Holder that the Existing Vessel Borrower’s Accounts have been opened with the Account Holder and to its actual knowledge are free from Encumbrances other than as created by or pursuant to the Security Documents and rights of set off in favour of the Account Holder as account holder.

Account Holder’s confirmation. The written confirmation of the Account Holder that the Accounts have been opened with the Account Holder and to its actual knowledge are free from Encumbrances other than as created by or pursuant to the Security 124 Documents and rights of set off in favour of the Account Holder as account holder.

Account Holder’s confirmation. The written confirmation of the Account Holder that the relevant Earnings Accounts have been opened with the Account Holder and to its actual knowledge are free from Encumbrances 122 other than as created by or pursuant to the Security Documents and rights of set off in favour of the Account Holder as account holder.