Common use of REPAYMENT OF OVERDRAFTS Clause in Contracts

REPAYMENT OF OVERDRAFTS. In the event that there is an overdraft of the Non-Interest Account (as provided for in Section 5.5 hereof), any monies paid into the Non-Interest Account will first be used to credit such overdraft.

Appears in 27 contracts

Samples: Deposit Account Agreement, Deposit Account Agreement (CurrencyShares South African Rand Trust), Deposit Account Agreement (Currencyshares Canadian Dollar Trust)

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REPAYMENT OF OVERDRAFTS. In the event that there is an overdraft of the Non-Interest Account (as provided for in Section Clause 5.5 hereofabove), any monies paid into the Non-Interest Account will first be used to credit such overdraft.

Appears in 2 contracts

Samples: Deposit Account Agreement (Currencyshares Chinese Renminbi Trust), Deposit Account Agreement (Currencyshares Chinese Renminbi Trust)

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REPAYMENT OF OVERDRAFTS. In the event that there is an overdraft of in the Non-Interest Account (as provided for due to payment of interest on redemptions of shares in Section 5.5 hereof)the Trust, any monies paid into the Non-Interest Account will first be used to credit such overdraft.

Appears in 1 contract

Samples: Deposit Account Agreement (Euro Currency Trust)

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