Common use of NO OVERDRAWN BALANCE Clause in Contracts

NO OVERDRAWN BALANCE. Notwithstanding the provisions of CLAUSE 2.1, amounts shall only be withdrawn from the Seventh Issuer Transaction Account to the extent that such withdrawal does not cause the Seventh Issuer Transaction Account to become overdrawn.

Appears in 2 contracts

Samples: Permanent Mortgages Trustee LTD, Permanent Mortgages Trustee LTD

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NO OVERDRAWN BALANCE. Notwithstanding the provisions of CLAUSE 2.1, amounts shall only be withdrawn from the Seventh Eighth Issuer Transaction Account to the extent that such withdrawal does not cause the Seventh Eighth Issuer Transaction Account to become overdrawn.

Appears in 2 contracts

Samples: Account Agreement (Permanent Mortgages Trustee LTD), Permanent Financing (No. 8) PLC

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