Common use of Excessive Drawing Clause in Contracts

Excessive Drawing. 5.1 When the Bank has in its discretion paid from the Savings Account an amount in excess of the funds available for payment (including the case where such excess over the funds available for payment occurred as a result of the cancellation of a credit entry in accordance with Paragraph 3 and 4 of Article 11 (Deposits) of “Section 1. Deposit Account General Agreement”), the Customer shall reimburse the Bank, immediately upon demand, for payment of the deficiency.