CHNL » Topics » nominated account

This excerpt taken from the CHNL 8-K filed Oct 10, 2007.
nominated account means in relation to a facility, the account described in the Details as such, or such other account acceptable to the Bank as the Borrower nominates for the purposes of debiting and crediting amounts in relation to this Agreement.

 

This excerpt taken from the CHNL 8-K filed May 18, 2007.
nominated account means in relation to a facility, the account described in the Details as such, or such other account acceptable to the Bank as the Borrower nominates for the purposes of debiting and crediting amounts in relation to this Agreement.

This excerpt taken from the CHNL 8-K filed Feb 8, 2007.

2              Nominated account

The Bank may debit the nominated account with any amounts payable by the Borrower in relation to the facility including any amounts paid by the Bank under a bank guarantee, interest, fees and charges, taxes, enforcement expenses, economic costs and amounts payable by the Borrower under an indemnity.

This excerpt taken from the CHNL 8-K filed Nov 17, 2006.
nominated account means in relation to a facility, the account described in the Details as such, or such other account acceptable to the Bank as the Borrower nominates for the purposes of debiting and crediting amounts in relation to this Agreement.

This excerpt taken from the CHNL 8-K filed Sep 21, 2006.
nominated account means:

(a)                                  for a facility other than a bill facility, an account for debiting amounts agreed to be debited to the nominated account; or

(b)                                 for a bill facility, an account for debiting and crediting any amounts under this Agreement, being the account specified as such in the Details of Facilities for that facility, or any other account which:

(i)                                     we agree is the nominated account for that facility from time to time; or

(ii)                                  you advise us in a drawdown notice issued either after the date of this Agreement is to be the nominated account.

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