Common use of Overdraft Advances Clause in Contracts

Overdraft Advances. Notwithstanding any other provision of this Agreement, if, pursuant to this Agreement, the Agent debits the Borrowers’ Operating Accounts, Cash Collateral Account or Funding Account to honor an item presented against any such account and that debit or direction results in an overdraft, the Agent may, but in no event shall be obligated to, make an additional Advance to fund that overdraft (an “Overdraft Advance”). The Borrowers shall pay the outstanding amount of any Overdraft Advance within one (1) Business Day after the date of the Overdraft Advance.

Overdraft Advances. Notwithstanding any other provision of this Agreement, if, pursuant to this Agreement, the Agent debits the Borrowers’ Borrower's Operating Accounts, Cash Collateral Account or Funding Account to honor an item presented against any such account the Operating Account and that debit or direction results in an overdraft, the Agent may, but in no event shall be obligated to, make an additional Warehousing Advance to fund that overdraft (an “"Overdraft Advance”"). The Borrowers Borrower shall pay the outstanding amount of any Overdraft Advance within one (1) Business Day after the date of the Overdraft Advance.

Overdraft Advances. Notwithstanding any other provision of this Agreement, if, pursuant to this Agreement, the Agent debits the Borrowers’ Borrower’s Operating AccountsAccount, Cash Collateral Account, Investable Capital Account or Funding Account to honor an item presented against any such account and that debit or direction results in an overdraft, the Agent may, but in no event shall be obligated to, make an additional Advance to fund that overdraft (an “Overdraft Advance”). The Borrowers Borrower shall pay the outstanding amount of any Overdraft Advance within one (1) Business Day after the date of the Overdraft Advance.