Foreign Currency Deposit Account definition

Foreign Currency Deposit Account means the account referred to in Part D. 1 of Section II of Schedule 1 to this Agreement.
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Foreign Currency Deposit Account means the account referred to in Part D.1(a) of Section II of Schedule 1 to this Agreement. “General Conditions” means the “International Development Association General Conditions for Credits and Grants”, dated July 31, 2010, with the modifications set forth in Section II of this Appendix.
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Foreign Currency Deposit Account means the account referred to in Section
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Examples of Foreign Currency Deposit Account in a sentence

  • The Borrower shall open, prior to furnishing to the Bank the first request for withdrawal from the Loan Account, and thereafter maintain, an account in Dollars (Foreign Currency Deposit Account) at the Borrower’s Central Bank, on terms and conditions satisfactory and acceptable to the Bank.


More Definitions of Foreign Currency Deposit Account

Foreign Currency Deposit Account means the account referred to in Part C. 1 (a) of Section II of Schedule 1 to this Agreement.
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Related to Foreign Currency Deposit Account

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Balance Currency means the currency that the trading account is denominated in and all charges including spreads, commissions and swaps, are calculated in that currency.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Cash Collateral Account means a blocked, non-interest bearing deposit account of one or more of the Loan Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner satisfactory to the Administrative Agent.

  • Foreign Currency means any currency other than the currency of Kenya;