JV Bank Account definition

JV Bank Account shall have the meaning set forth in Section 8(f).
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JV Bank Account means the banking account which requires both signatories to operate, one each from the Founding Shareholders and the nominee director of CytoMed;
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JV Bank Account has the meaning given to that term in clause 3.3. JV General Plan means the general plan of the Joint Venture as detailed in Appendix 1.
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Examples of JV Bank Account in a sentence

  • The bank mandate and the authorised signatories to operate the JV Bank Account of the Company shall be any two Directors, comprising of (a) one Founding Shareholders’ nominee Director, and (b) the Investor’s nominee Director.

  • For the avoidance of doubt, OCR will immediately earn a 50% interest in the Joint Venture upon paying the US$2,900,000 into the JV Bank Account.

  • Liberty Star grants to OCR the sole and exclusive right to earn an undivided 50% Joint Venture interest from Liberty Star in return for OCR paying US$2,900,000 ( Sole Funding Amount) into the JV Bank Account and agreeing that these funds are to be spent on exploration activities in relation to the JV Pipes.

  • The JV Bank Account will require two signatories, one from each of USA and Lifespan for all disbursements.

  • The JV Bank Account will require two signatories, one from each of OCR and Liberty Star for all disbursements.

  • Immediately following execution of this Agreement, the parties agree to set up a bank account to hold funds on behalf of the Joint Venture ( JV Bank Account).

  • Immediately following execution of this Agreement and Payment, the parties agree to set up a bank account to hold funds on behalf of the Joint Venture (JV Bank Account).

Related to JV Bank Account

  • 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.

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

  • Client Bank Account means an account held in the name of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor; and/or an account held in the name of the Company on behalf of the Client with a Bank and/or other institution and/or any electronic payment provider and/or a credit card processor.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

  • Nominated Bank Account means MDL’s bank account as notified by MDL to the other Party from time to time.

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Sellers in a written notice to the Purchaser at least five Business Days before the Closing.

  • 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.

  • Agency Account means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Agency Account(s means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1 hereof.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Deposit Account Control Agreement.

  • Account Bank Agreement means the account bank agreement dated 15 August 2018 between the Issuer, the Trustee and The Bank of New York Mellon, London branch as the same may be amended, restated, amended and restated, novated, varied, supplemented, substituted, assigned, extended or otherwise replaced or redesignated from time to time;

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

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Earnings Account means, in relation to a Ship, an account in the name of the Borrower owning that Ship with the Account Bank designated as the Earnings Account for that Ship, or any other account (with the Account Bank or the Agent or with another bank or financial institution acceptable to the Majority Lenders) for the purpose of receiving all charter hire and other amounts paid under the relevant Time Charter;

  • Direct Account : means any Account which is not an ISA Account.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

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

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

  • Designated Account Bank has the meaning specified therefor in Schedule D-1.