Common use of Overdraft Loans Clause in Contracts

Overdraft Loans. (i) From time to time on any Business Day during the period from the Closing Date to the Termination Date, upon presentment to the Overdraft Line Bank for payment of an item drawn by a Multicurrency Borrower on a Euro Overdraft Account or Sterling Overdraft Account (each an “Account” and collectively the “Accounts”) with the Overdraft Line Bank in an amount that, when charged against the Account, creates an overdraft in the Account, the Overdraft Line Bank shall pay such item to the extent not subject to the limitations set forth in this Section 2.01(c)(i), and such payment shall be deemed an “Overdraft Loan”. Each Overdraft Loan provided hereunder shall bear interest at the interest rate set forth in Section 4.01(a)(ii). At no time shall the aggregate amount of Overdraft Loans exceed the lesser of (A) the Overdraft Line Commitment and (B) the Availability for the Multicurrency Facility at such time. Overdraft Loans shall be repaid pursuant to the terms of Section 2.01(h) or as otherwise provided in this Agreement. (ii) Notwithstanding the foregoing clause (i), the Overdraft Line Bank shall not make any Overdraft Loan in the period commencing on the second Business Day after it receives written notice from any Multicurrency Lender that one or more of the conditions precedent contained in Section 5.02 shall not on such date be satisfied, and ending when such conditions are satisfied, and the Overdraft Line Bank shall not otherwise be required to determine that, or take notice whether, the conditions precedent set forth in Section 5.02 hereof have been satisfied in connection with the making of any Overdraft Loan.

Overdraft Loans. (i) From time to time on any Business Day during the period from the Closing Date to the Termination Date, upon presentment to the Overdraft Line Bank for payment of an item drawn by a Multicurrency Borrower on a Euro Overdraft Account or Sterling Overdraft Account (each an “Account” and collectively the “Accounts”) with the Overdraft Line Bank in an amount that, when charged against the Account, creates an overdraft in the Account, the Overdraft Line Bank shall pay such item to the extent not subject to the limitations set forth in this Section 2.01(c)(i), and such payment shall be deemed an “Overdraft Loan”. Each Overdraft Loan provided hereunder shall bear interest at the interest rate set forth in Section 4.01(a)(ii). At no time shall the aggregate amount of Overdraft Loans exceed the lesser of (A) the Overdraft Line Commitment and (B) the Availability for the Multicurrency Credit Facility at such time. Overdraft Loans shall be repaid pursuant to the terms of Section 2.01(h) or as otherwise provided in this Agreement. (ii) Notwithstanding the foregoing clause (i), the Overdraft Line Bank shall not make any Overdraft Loan in the period commencing on the second Business Day after it receives written notice from any Multicurrency Lender that one or more of the conditions precedent contained in Section 5.02 shall not on such date be satisfied, and ending when such conditions are satisfied, and the Overdraft Line Bank shall not otherwise be required to determine that, or take notice whether, the conditions precedent set forth in Section 5.02 hereof have been satisfied in connection with the making of any Overdraft Loan.

Overdraft Loans. (i) From time to time on any Business Day during the period from the Closing Date to the Termination Date, upon presentment to the Overdraft Line Bank for payment of an item drawn by a Multicurrency Borrower on a Euro Overdraft Account or Sterling Overdraft Account (each an “Account” "ACCOUNT" and collectively the “Accounts”"ACCOUNTS") with the Overdraft Line Bank in an amount that, when charged against the Account, creates an overdraft in the Account, the Overdraft Line Bank shall pay such item to the extent not subject to the limitations set forth in this Section SECTION 2.01(c)(i), and such payment shall be deemed an “Overdraft Loan”"OVERDRAFT LOAN". Each Overdraft Loan provided hereunder shall bear interest at the interest rate set forth in Section SECTION 4.01(a)(ii). At no time shall the aggregate amount of Overdraft Loans exceed the lesser of (A) the Overdraft Line Commitment and (B) the Availability for the Multicurrency Credit Facility at such time; provided, further, that the Overdraft Loans provided to the relevant Multicurrency Borrower with respect to the Euro Overdraft Accounts shall not exceed the Euro Overdraft Limit, and the Overdraft Loans provided to the relevant Multicurrency Borrower with respect to the Sterling Overdraft Accounts shall not exceed the Sterling Overdraft Limit. Overdraft Loans shall be repaid pursuant to the terms of Section SECTION 2.01(h) or as otherwise provided in this Agreement. (ii) Notwithstanding the foregoing clause CLAUSE (iI), the Overdraft Line Bank shall not make any Overdraft Loan in the period commencing on the second Business Day after it receives written notice from any Multicurrency Lender that one or more of the conditions precedent contained in Section SECTION 5.02 shall not on such date be satisfied, and ending when such conditions are satisfied, and the Overdraft Line Bank shall not otherwise be required to determine that, or take notice whether, the conditions precedent set forth in Section SECTION 5.02 hereof have been satisfied in connection with the making of any Overdraft Loan. (iii) The Multicurrency Borrowers, upon three (3) Business Days' written notice to the Administrative Agent may request, no more than twelve (12) times in any Fiscal Year, that the Euro Overdraft Limit or the Sterling Overdraft Limit be reduced by an amount equal to not less than $500,000 (such amount, the "OVERDRAFT REDUCTION AMOUNT"), and that the Euro Overdraft Limit or the Sterling Overdraft Limit not so reduced be correspondingly increased by the Overdraft Reduction Amount.