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 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. Bank of Queensland Limited ABN 32 000 000 000 AFSL and Australian Credit Licence No. 244616 27 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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Examples of Business Overdraft in a sentence

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

  • 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).

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

  • 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.

  • 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.

  • You agree that you are jointly and severally the TD Business Overdraft Protection Loan.

  • Any ANZ Business Overdraft that we provide to you under the Facility will be attached to your Mandatory Account.

  • Those Settlement Class Members who, according to the data provided to Plaintiffs’ expert, were assessed one or more Eligible TD Available Balance Business Overdraft Charges and whose Business Accounts were closed with $75.00 or more owed to TD Bank for Overdraft Fees, other TD Bank fees, and overdrafts the Bank paid but for which the Bank was not reimbursed, may be entitled to be credited with a portion of the Overdraft Forgiveness Amount.

  • If we have agreed to provide you with an ANZ Business Overdraft at the date of your Letter of Offer, a sub-limit for the ANZ Business Overdraft will be set out in your Letter of Offer.


More Definitions of Business Overdraft

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 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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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
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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 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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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 value at such time of (a) outstanding gift certificates and gift cards of the Borrowers entitling the holder thereof to use all or a portion of the certificate or gift card to pay all or a portion of the purchase price for any Inventory, and (b) outstanding merchandise credits of the Borrowers.

  • Trunk line means the coaxial/optic fiber cable network and other allied equipment such as receiver nodes, amplifiers, splitters etc. owned and installed by the multi-system operator or its associate companies for the purpose of transmitting Cable TV Signal to various LCOs till the receiving end of various LCOs, including the LCO, to enable them to re-transmit the Cable TV Signal to respective subscribers; All other words and expressions used in this interconnection agreement but not defined, and defined in the Act and rules and regulations made thereunder or the CTN Act and the rules and regulations made thereunder, shall have the meanings respectively assigned to them in those Acts or the rules or regulations, as the case may be.

  • 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 or any Agent or affiliate thereof, which has been designated by such Lender and the Borrower, by notice to the Administrative Agent not later than 90 days after the execution and delivery by the Borrower or such Guarantor, as a “Specified Cash Management Agreement”.

  • 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.

  • Credit Risk Management Agreement The respective agreements between the Credit Risk Manager and the Servicer and/or Master Servicer regarding the loss mitigation and advisory services to be provided by the Credit Risk Manager.

  • Resource recovery facility means a solid waste facility

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

  • Large Facility Interconnection Procedures or “LFIP”) shall mean the interconnection procedures applicable to an Interconnection Request pertaining to a Large Generating Facility that are included in Attachment X of the NYISO OATT. Standard Large Generator Interconnection Agreement (“LGIA”) shall mean this Agreement, the form of interconnection agreement applicable to an Interconnection Request pertaining to a Large Generating Facility, that is included in Attachment X of the NYISO OATT. System Deliverability Upgrades shall mean the least costly configuration of commercially available components of electrical equipment that can be used, consistent with Good Utility Practice and Applicable Reliability Requirements, to make the modifications or additions to Byways and Highways and Other Interfaces on the existing New York State Transmission System and Distribution System that are required for the proposed project to connect reliably to the system in a manner that meets the NYISO Deliverability Interconnection Standard at the requested level of Capacity Resource Interconnection Service. System Protection Facilities shall mean the equipment, including necessary protection signal communications equipment, required to (1) protect the New York State Transmission System from faults or other electrical disturbances occurring at the Large Generating Facility and (2) protect the Large Generating Facility from faults or other electrical system disturbances occurring on the New York State Transmission System or on other delivery systems or other generating systems to which the New York State Transmission System is directly connected. System Upgrade Facilities shall mean the least costly configuration of commercially available components of electrical equipment that can be used, consistent with Good Utility Practice and Applicable Reliability Requirements, to make the modifications to the existing transmission system that are required to maintain system reliability due to: (i) changes in the system, including such changes as load growth and changes in load pattern, to be addressed in the form of generic generation or transmission projects; and (ii) proposed interconnections. In the case of proposed interconnection projects, System Upgrade Facilities are the modifications or additions to the existing New York State Transmission System that are required for the proposed project to connect reliably to the system in a manner that meets the NYISO Minimum Interconnection Standard. Tariff shall mean the NYISO Open Access Transmission Tariff (“OATT”), as filed with the Commission, and as amended or supplemented from time to time, or any successor tariff. Trial Operation shall mean the period during which Developer is engaged in on-site test operations and commissioning of the Large Generating Facility prior to Commercial Operation.

  • Infrastructure facility means a building; structure; or networks of buildings, structures, pipes, controls, and equipment, or portion thereof, that provide transportation, utilities, public education, or public safety services. Included are government office buildings; public schools; courthouses; jails; prisons; water treatment plants, distribution systems, and pumping stations; wastewater treatment plants, collection systems, and pumping stations; solid waste disposal plants, incinerators, landfills, and related facilities; public roads and streets; highways; public parking facilities; public transportation systems, terminals, and rolling stock; rail, air, and water port structures, terminals, and equipment.

  • 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 cash management arrangements.

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

  • Cash Management Agreements means those certain cash management agreements, in form and substance satisfactory to Agent, each of which is among the applicable Credit Party, Agent, and one of the Cash Management Banks.

  • 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 deposits made by customers with respect to the purchase of goods or the performance of services.

  • Management Accounts Date means 30 September 2010;

  • 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 Borrower or any Restricted Subsidiary to any Lender or any Affiliate of a Lender in respect of any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds.

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);