Common use of INTEREST ON OVERDRAFTS EXCEEDING THE AGREED LIMIT Clause in Contracts

INTEREST ON OVERDRAFTS EXCEEDING THE AGREED LIMIT. Subject to the provisions contained in 3.1 above, the Borrower shall pay HBU compensation, in an amount to be determined by HBU, in respect of the amount by which the Borrower's debit balance exceeds the agreed amount of the overdraft facility. The Borrower shall nevertheless remain obliged to reduce the debit balance to the agreed amount of the overdraft facility.

INTEREST ON OVERDRAFTS EXCEEDING THE AGREED LIMIT. Subject to the provisions contained in 3.1 above, the Borrower shall pay HBU compensation, in an amount to be determined by HBU, in respect of the amount by which the Borrower's ’s debit balance exceeds the agreed amount of the overdraft facility. The Borrower shall nevertheless remain obliged to reduce the debit balance to the agreed amount of the overdraft facility.