Arranged overdraft limit definition

Arranged overdraft limit means an overdraft amount we have agreed with you.
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Arranged overdraft limit means the arranged overdraft limit set out in the Facility Letter as such limit may be varied by Us from time to time in accordance with these Terms and Conditions for Arranged Overdrafts;
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Examples of Arranged overdraft limit in a sentence

  • This Agreement, together with all the Exhibits attached hereto and incorporated by reference herein, constitutes the entire undertaking between the parties hereto, and supersedes any and all prior agreements, arrangements and undertakings between the parties.

  • If you go over your Arranged overdraft limit, fees and charges will apply.

  • If the Cleared balance or the Arranged overdraft limit is not enough to cover the payments, some or all of them may not be paid.4.2 If you have an Arranged overdraft on your Account, separate and extra terms and conditions will apply, which will have been provided to you.

  • If you want to go overdrawn or over any Arranged overdraft limit for a short period, you should discuss this with us beforehand.

  • However, any Arranged overdraft limit will have an interest-free portion within the Arranged limit.2.2 We work out debit interest each day on the overdrawn balance of the Account.

  • However, any Arranged overdraft limit will have an interest- free portion within the arranged limit.

  • If the Cleared balance or the Arranged overdraft limit is not enough to cover the payments, some or all of them may not be paid.4.2 If you have an arranged overdraft on your Account, separate and extra terms and conditions will apply, which will have been provided to you.

  • We may in the future also allow payments by other methods which we make available.2.5 We will only allow payments from a joint Account in line with the latest signing instruction (Mandate) that controls how you use the Account.2.6 If we allow money to be withdrawn from your Account and this takes your balance overdrawn or over any Arranged overdraft limit (if we have already agreed a limit with you), we will not be making a commitment to allow up to these amounts to be withdrawn in the future.

  • It means that if you lodge a cheque on a banking day you will be able to withdraw the funds no later than 23:59 the next banking day (except bank holidays).‘Interest-free limit’ means the part of any Arranged overdraft limit on which wedo not charge interest.

  • If, by using your Card, you go overdrawn and you do not have an Arranged overdraft or you go over the Arranged overdraft limit and we have not given you permission to do so, you must immediately pay back the amount by which you have gone over the limit.

Related to Arranged overdraft limit

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.