Credit Line/Overdraft Sample Clauses

Credit Line/Overdraft. 3.2.1. Scope of the Credit Line/Overdraft and the rule of issuance of the Credit Amount within the Credit Line/Overdraft
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Credit Line/Overdraft. Scope of the Credit Line/Overdraft and the rule of issuance of the Credit Amount within the Credit Line/Overdraft In case of the positive decision regarding the approval of the Credit Line/Overdraft by the Bank and/or its authorized body, the Bank and the Customer will enter into the supplemental agreement (the Credit Line Agreement/Overdraft Agreement) which will outline particular terms of using such a Credit Line/Overdraft. The Credit Amount within the Credit Line/Overdraft will be allocated on the basis of application submitted by the Customer periodically, within 10 (ten) calendar days after submitting the relevant application, provided that all conditions envisaged by the General Credit Line Agreement and/or the Credit Line Agreement/Overdraft Agreement are met in a form acceptable to the Bank. The Bank is authorized to reject allocation of the Credit Amounts within the Credit Line/Overdraft in case conditions and requirements set forth by the General Credit Line Agreement and/or any other agreement related to financial liabilities concluded with the Bank are violated, and/or the Customer does not use the Credit Line/Overdraft for 180 (one hundred and eighty) calendar days or for the term envisaged in corresponding Credit Line Agreement/Overdraft Agreement; Unless otherwise determined by the Bank in the Credit Line Agreement/Overdraft Agreement and/or as a precondition for allocation of particular Credit Amount, the Credit Amount shall be repaid before the expiration date of the Credit Line Agreement/Overdraft Agreement. The Customer is entitled to request unilaterally reduction of the maximum amount of the agreed Credit Line/Overdraft on the basis of a written request. In case of such reduction, increase of the maximum amount of the Credit Line/Overdraft is possible only upon written consent of the Bank. Interest and Commission Fee for the Credit amounts used/unused within the Credit Line/Overdraft, and the rule of their accrual The Interest envisaged by the Credit Line Agreement/Overdraft Agreement shall be charged to each Credit amount utilized within the Credit Line/Overdraft.
Sample 1

Related to Credit Line/Overdraft

  • Credit Line If your application is approved by us, this agreement will constitute a revolving line of credit for an amount which will be the credit line under your Account. We will advise you of the amount of your credit line. That amount will be the maximum amount you may have outstanding at any time. You agree not to attempt to obtain more credit than the amount of your credit line. However, if you temporarily exceed your credit line, you agree to repay the excess immediately, even if we have not yet billed you. Obtaining such credit does not increase your credit line and if you exceed your Credit Limit repeatedly, we may suspend your credit privilege under this Agreement. We retain the right to increase or decrease your credit line at any time for any reason. Any increase of reduction on the limit of your credit line will be shown on your monthly statement or by separate notice together with any changes in the applicable minimum monthly payments. Your eligibility for this credit line is determined by our loan policy and may be terminated at our sole discretion, without demand or notice. You may close your credit line at any time by notifying us in writing and returning all Cards cut in half. If you terminate this Agreement or if we terminate or suspend your credit privileges, the provisions of this Agreement and your liability hereunder shall otherwise remain in full force and effect until you have paid us all sums due under this Agreement and returned all Cards.

  • Credit Limit 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.

  • Loan Amount 4. ACCOUNT NAME(S) ............................................................................................................................................................................. BANK NAME / BRANCH ..................................................................................................................................................................

  • Overdraft In the event that the Custodian is directed by Proper Instructions to make any payment or transfer of funds on behalf of a Fund for which there would be, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of such Fund, the Custodian may, in its discretion, provide an overdraft ("Overdraft") to the Fund (such Fund being referred to herein as an "Overdraft Fund"), in an amount sufficient to allow the completion of such payment or transfer. Any Overdraft provided hereunder: (a) shall be payable on the next Business Day, unless otherwise agreed by the Overdraft Fund and the Custodian; and (b) shall accrue interest from the date of the Overdraft to the date of payment in full by the Overdraft Fund at a rate agreed upon in writing, from time to time, by the Custodian and the Overdraft Fund. The Custodian and the Funds acknowledge that the purpose of such Overdrafts is to temporarily finance the purchase or sale of securities for prompt delivery in accordance with the terms hereof. The Custodian hereby agrees to notify each Overdraft Fund by 3:00 p.m., New York time, of the amount of any Overdraft. Provided that Custodian has given the notice required by this subparagraph (f), the Funds hereby agree that, as security for the Overdraft of an Overdraft Fund, the Custodian shall have a continuing lien and security interest in and to all interest of such Overdraft Fund in Securities whose purchase is financed by Custodian and which are in Custodian's possession or in the possession or control of any third party acting on Custodian's behalf and the proceeds thereof. In this regard, Custodian shall be entitled to all the rights and remedies of a pledgee under common law and a secured party under the New York Uniform Commercial Code and any other applicable laws or regulations as then in effect."

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

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