Business Overdraft definition

Business Overdraft means any NAB Business Plus, NAB Business Overdraft or NAB Farm Management Account Overdraft.
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Business Overdraft means a type of Arranged Overdraft relating to a BCA, which is classified as SME Lending, where the agreement is entered into by the borrower wholly or predominantly for the purposes of the borrower’s business.
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Business Overdraft means any NAB Business Plus, NAB Business Overdraft or NAB Farm Management Account Overdraft. Drawdown Date means the date on which funds are first drawn down under a loan NAB Invoice Finance Facility Agreement means an agreement or letter of offer (howsoever called) containing a facility for invoice finance provided by NAB to an Applicant.
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Examples of Business Overdraft in a sentence

  • Use of your Business Overdraft Line of Credit serves as your acceptance of the terms and conditions of this agreement.

  • To figure the Finance Charge on your Business Overdraft Line of Credit, we compute a daily Finance Charge by applying the daily periodic rate to the amount you owe at the end of the day (including new advances and deducting payments and credits made during that day).

  • For purposes of this Plan, “Credit Limit” is defined as the amount of credit available to you for this Business Overdraft Line Of Credit.

  • You can terminate your ANZ Business Overdraft Facility, ANZ Business Advantage Overdraft Facility, ANZ Business Credit Facility or ANZ Revolving Agri Line at any time by repaying all amounts owing under the facility and notifying ANZ.

  • We recommend that you enroll in one of the optional overdraft protection plans: Personal Savings Overdraft Service, Personal Overdraft Line of Credit, Personal Overdraft Sweep Service, Business Overdraft Line of Credit, or Commercial Credit Sweep Service.

  • Subject to credit approval, overdraft protection is available from a Business Overdraft Line only.

  • ANZ Equity Home Loan in a Company Name 1 monthFacility StatementsIssue Frequency (minimum)ANZ Business Overdraft FacilityANZ Business Advantage Overdraft Facility ANZ Equity Manager in a Company Name3 months All other ANZ Facilities 6 monthsIt is your responsibility to carefully review your statements so you are aware of the status of your account.

  • Business Overdraft Protection is available only on Canadian dollar accounts.

  • GLOSSARY OF TERMS AND ACRONYMS accessible balance – (also called total accessible balance) - Your available balance, plus the amount available in your Personal Savings Overdraft Service, Personal Overdraft Line of Credit, Personal Overdraft Sweep Service, Business Overdraft Line of Credit, Business Overdraft Sweep Service, Commercial Credit Sweep Service or other applicable overdraft protection plan, plus amounts that have been transferred pursuant to a deposit sweep arrangement.

  • The rate indicated in the Schedule to the Letter of Sanction is the KBCI Business Overdraft Rate which is the reference rate for the purposes of the Overdraft Facility.


More Definitions of Business Overdraft

Business Overdraft means a facility which is stipulated as a business overdraft in the business overdraft facility schedule. business overdraft facility schedule means the Schedule of that name that forms part of this facility agreement. Bank of Queensland Limited ABN 32 000 000 000 AFSL and Australian Credit Licence No. 244616 29 business term loan means a facility which is stipulated as a business term loan facility in the business term loan facility schedule. business term loan facility schedule means the Schedule of that name that forms part of this facility agreement. change of credit means a change in the financial position of you or any person who has given a guarantee of your obligations under this facility agreement or an adverse change in the value of the security property which we determine would, it had occurred at the time we approved the facility, have materially affected our decision to provide the facility on the terms set out in the facility agreement. commercial rate loan means a facility which is stipulated as a commercial rate loan in the commercial rate loan facility schedule. commercial rate loan base rate for a commercial rate loan, is the internal rate or rates we set daily for each facility type for each of the interest periods. You can find out what this rate is for a particular day by contacting your branch. commercial rate loan facility schedule means the Schedule of that name that forms part of this facility agreement. completion for a construction finance facility, means the date of issue of a certificate of practical completion in a form suitable to us by a consultant we appoint or approve for the works. construction finance facility, means a business term loan or a commercial rate loan which is to be used for construction purposes. control of a corporation includes the direct or indirect power to directly or indirectly:
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Business Overdraft sub-facility means the sub-facility which is stipulated as a business overdraft sub-facility in the Schedule. change of credit means a default or change in the financial position of you or any person who has given a guarantee of your obligations under this aggregate trade facility agreement, an adverse change in the value of the security property or a breach of a financial covenant which we determine would, if it had occurred at the time we approved the facility, have materially affected our decision to provide the facility on the terms set out in the aggregate trade facility agreement. close out costs means those costs that are or would be incurred by us if:
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Business Overdraft means a facility which is stipulated as a business overdraft in the business overdraft facility schedule. business overdraft facility schedule means the Schedule of that name that forms part of this facility agreement. business term loan means a facility which is stipulated as a business term loan facility in the business term loan facility schedule. business term loan facility schedule means the Schedule of that name that forms part of this facility agreement. change of credit means a change in the financial position of you or any person who has given a guarantee of your obligations under this facility agreement or an adverse change in the value of the security property which we determine would, it had occurred at the time we approved the facility, have materially affected our decision to provide the facility on the terms set out in the facility agreement. commercial rate loan means a facility which is stipulated as a commercial rate loan in the commercial rate loan facility schedule. commercial rate loan base rate for a commercial rate loan, is the internal rate or rates we set daily for each facility type for each of the interest periods. It includes a market rate component which is calculated according to a money market or some other external reference rate, or a rate otherwise designated as a variable or floating rate (e.g. BBSW). If the market rate is not available or if, in our reasonable opinion, the market rate becomes inappropriate, the market rate will be the rate reasonably determined by us acting in good faith having regard to comparable indices then available to us. If the market rate is less than zero, the market rate shall be deemed to be zero. You can find out what this rate is for a particular day by contacting your branch. commercial rate loan facility schedule means the Schedule of that name that forms part of this facility agreement. completion for a construction finance facility, means the date of issue of a certificate of practical completion in a form suitable to us by a consultant we appoint or approve for the works. construction finance facility, means a business term loan or a commercial rate loan which is to be used for construction purposes. control of a corporation includes the direct or indirect power to directly or indirectly:
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Business Overdraft sub-facility means the sub-facility which is stipulated as a business overdraft sub-facility in the Schedule. change of credit means a default or change in the financial position of you or any person who has given a guarantee of your obligations under this aggregate trade facility agreement, anadverse change inthe value ofthe security property or a breach of a financial covenant which we determine would, if it had occurred at the time we approved the facility, have materially affected our decision to provide the facility on the terms set out in the aggregate trade facility agreement. control of a corporation includes the direct or indirect power to directly or indirectly:
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Business Overdraft means any overdraft facility provided by the Transferor in respect of which the borrower is categorised as at the Effective Date as a business or commercial borrower by the Transferor which remains unsatisfied or outstanding as at the Effective Date and any offer for any such loan or overdraft made by the Transferor which is outstanding at the Effective Date;
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Business Overdraft means a facility which is stipulated as a business overdraft in the business overdraft facilityschedule. business overdraft facility schedule means the Schedule ofthat name that forms part of this facility agreement. 103892277.1 Bank of Queensland Limited ABN 32 000 000 000 AFSL and Australian Credit Licence No. 244616 25 business term loan means a facility which is stipulated as a business term loan facility in the business term loan facility schedule. business term loan facility schedule means the Schedule ofthat name that forms part of this facility agreement. change of credit means a change in the financial position of you or any person who has given a guarantee of your obligations under this facility agreement or an adverse change in the value of the security property which we reasonably determine would, if it had occurred at the time we approved the facility, have materially affected our decision to providethe facility on the terms set out in the facility agreement. completion for a construction finance facility, means the date of issue of a certificate of practical completion in a form suitable to us by a consultant we appoint or approvefor the works. construction finance facility, means a business term loan ora market rate loan which is to be used for construction purposes. control of a corporation includes the direct or indirect powerto directly or indirectly:
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Related to Business Overdraft

  • Overdraft means any payment or transfer of funds on behalf of a Fund or series of a Fund for which there are, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of such Fund or series thereof.

  • Overdraft Facility or ‘Facility’ means an authorised debit balance that may be offered to you at our discretion from time to time allowing your Account to go overdrawn up to an agreed Overdraft Limit.

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

  • Customer Credit Liabilities means, at any time, the aggregate remaining balance reflected on the books and records of the Loan Parties at such time of (a) outstanding gift certificates and gift cards of the Loan Parties entitling the holder thereof to use all or a portion of the gift certificate or gift card to pay all or a portion of the purchase price for any Inventory, and (b) outstanding merchandise credits and customer deposits of the Loan Parties.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof.

  • Cash Management Systems has the meaning ascribed to it in Section 1.8.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Hedging Liabilities means the Liabilities owed by any Debtor to the Hedge Counterparties under or in connection with the Hedging Agreements.

  • foreign expenditures means expenditures in the currency of any country other than that of the Borrower for goods or services supplied from the territory of any country other than that of the Borrower;

  • Trade Payables means, with respect to any Person, any accounts payable or any other indebtedness or monetary obligation to trade creditors created, assumed or Guaranteed by such Person or any of its Subsidiaries arising in the ordinary course of business in connection with the acquisition of goods or services.

  • Resource recovery facility means a solid waste facility

  • Cash Management System shall have the meaning assigned to such term in Section 9.01.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other customary cash management arrangements.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Cash Management Agreements means any agreement providing for treasury, depository, purchasing card or cash management services, including in connection with any automated clearing house transfer of funds or any similar transaction entered into in the ordinary course of business.

  • Banking Product Obligations means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person in respect of any treasury, depository and cash management services, netting services and automated clearing house transfers of funds services, including obligations for the payment of fees, interest, charges, expenses, attorneys’ fees and disbursements in connection therewith.

  • Customer Deposits means at any time, the aggregate amount at such time of (a) deposits made by customers with respect to the purchase of goods or the performance of services and (b) layaway obligations of the Borrowers.

  • Management Accounts Date means 30 September 2017;

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Cash Management Document means any certificate, agreement or other document executed by any Loan Party in respect of the Cash Management Obligations of any Loan Party.

  • Cash Management Obligations means obligations owed by the Company or any Subsidiary to any Lender or a Cash Management Bank in respect of (1) any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds and (2) the Company’s or any Subsidiary’s participation in commercial (or purchasing) card programs at the Lender or any Affiliate (“card obligations”).

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Banking Services Agreement means any agreement entered into by the Borrower or any Subsidiary in connection with Banking Services.