Overdraft Limit Sample Clauses

Overdraft Limit. If you qualify, the Credit Union may pay overdrafts up to a limit to which you qualify, we may pay overdrafts up to this overdraft limit provided you continue to qualify for the service. The Credit Union’s fees and charges and each paid check or item will be included in this limit. This overdraft limit will not be included or reflected in the actual balance of your account provided by a teller, at ATM or POS facilities, through online services or on your periodic statements. If you have reached your overdraft limit, any checks or items presented to us will be returned for insufficient funds.
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Overdraft Limit. You may overdraw your account to the maximum amount approved (“Overdraft Limit”). • We reserve the right to change your Overdraft Limit by giving 10 days written notice to you at your latest address on file with us. • Even if your Everyday Banking Plan waives the fixed monthly fee and/or any per item overdraft fee for this overdraft facility, a fee will be charged when your overdraft is in excess of your Overdraft Limit.
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Overdraft Limit. The Total Amount Owing must not, at any time, exceed the Overdraft Limit.
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Overdraft Limit. 1. Any overdraft must operate within an authorized credit limit.
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Overdraft Limit. You agree that your Overdraft Limit will be either: • the amount you have applied for; or • such lower amount as we determine following an assessment of your ability to repay your Overdraft. We will tell you of the lower amount and you can access the funds once you agree to the new amount. We will notify you of your Overdraft Limit where it is lower than the amount you applied for.
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Overdraft Limit is the maximum amount of the negative balance on the Borrower’s Account, allowed by the Bank for a fixed period of time.
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Overdraft Limit the maximum amount, allowed by the Bank to the Borrower for a fixed period of time, within which the Borrower has the right to use the Overdraft, provided that the Borrower has sufficient Free Equity.
Sample 1
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Overdraft Limit. You agree that your overdraft limit will be either: • the amount you have applied for; or • such lower amount as we determine following an assessment of your ability to repay your overdraft. We will tell you of the lower amount and you can access the funds once you agree to the new amount. • We will notify you of your overdraft limit where it is lower than the amount you applied for. Accessing your Overdraft You will be able to access your overdraft once we have completed our assessment of your ability to repay your overdraft and checked that the amount you are eligible for is either the amount you applied for or for a lesser amount as agreed by you. Overdraft Interest rates The annual percentage interest rate applies provided your balance does not exceed your overdraft limit. The excess annual percentage interest rate applies to that part of your balance that exceeds your overdraft limit.
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Related to Overdraft Limit

  • 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."

  • Overdrafts The Trust is responsible for maintaining an appropriate level of short term cash investments to accommodate cash outflows. The Trust may obtain a formal line of credit for potential overdrafts of its custody account. In the event of an overdraft or in the event the line of credit is insufficient to cover an overdraft, the overdraft amount or the overdraft amount that exceeds the line of credit will be charged in accordance with the fee schedule set forth on Exhibit C hereto (as amended from time to time)

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