Overdraft Advance definition

Overdraft Advance has the meaning set forth in Section 3.7.

Overdraft Advance means, save as otherwise provided herein, an advance (as from time to time reduced by repayment) made or to be made by the Overdraft Bank under Clause 4 of the Master Overdraft Facility Agreement and attributable to the Transaction.

Overdraft Advance is defined in Section 6. “Finance Charge” is defined in Section 12.

Examples of Overdraft Advance in a sentence

• We will not charge the Cash Advance Transaction Fee on any Overdraft Advance.

• Borrower must pay (a) the outstanding amount of any Overdraft Advance, within 1 Business Day after the date of the Overdraft Advance, and (b) interest on the amount of the Overdraft Advance, at a rate per annum equal to the Bank One Prime Rate plus 2%, within 9 days after the date of Lender’s invoice or, if applicable, within 2 days after the date of Lender’s account analysis statement.

• Borrower must pay (a) the outstanding amount of any Overdraft Advance, within 1 Business Day after the date of the Overdraft Advance, and (b) interest on the amount of the Overdraft Advance, at a rate per annum equal to the Bank One Prime Rate plus 2%, within 9 days after the date of Lender's invoice or, if applicable, within 2 days after the date of Lender's account analysis statement.

• If, under the authorization given by Borrower in the Funding Bank Agreement or pursuant to this Agreement, Lender debits Borrower's Operating Account or directs the Funding Bank to honor an item presented against the Operating Account or against the Check Disbursement Account, and that debit or direction results in an overdraft, Lender may make an additional Warehousing Advance to fund that overdraft ("Overdraft Advance").

• Borrower must pay (a) the outstanding amount of any Overdraft Advance, plus interest on that Overdraft Advance, within 1 Business Day after the date of the Overdraft Advance, and (b) interest on the amount of the Overdraft Advance, at a rate per annum equal to the Bank One Prime Rate plus 2%, within 9 days after the date of Lender's invoice or, if applicable, within 2 days after the date of Lender's account analysis statement.

More Definitions of Overdraft Advance

Overdraft Advance means an overdraft advance on the Overdraft Account made or to be made available to the Account Holder or, as the case may be, the amount of such overdraft advance for the time being outstanding;

Overdraft Advance means any advance made hereunder by the Banks to BNP Paribas pursuant to Subsection 2.01(c) hereof under the Overdraft Advance Sub-limit.

Overdraft Advance has the meaning set forth in Section 3.8. "Participant" has the meaning set forth in Section 11.8. "Permitted Affiliate Transactions" means, subject to all terms, conditions and provisions of this Agreement, transactions between Borrower and its Affiliates in connection with (i) the securitization, sale, hypothecation or pledge of certain assets of Borrower (other than any item of Collateral) or its Affiliates, (ii) hedging activities involving Borrower and certain of its Affiliates, and/or the origination, and (iii) acquisition of Mortgage Loans, Mortgage Notes, Mortgages, Security Agreements and all other documents, agreements and instruments related thereto. "Person" means and includes natural persons, corporations, limited liability companies, limited liability partnerships, limited partnerships, general partnerships, joint stock companies, joint ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or other organizations, whether or not legal entities, and governments and agencies and political subdivisions of those governments. "Plan" means each employee benefit plan (whether in existence on the date of this Agreement or established after that date), as that term is defined in Section 3 of ERISA, maintained for the benefit of directors, officers or employees of Borrower or any ERISA Affiliate. "Pledged Assets" means, collectively, Pledged Loans and Pledged Securities. "Pledged Hedging Accounts" has the meaning set forth in Section 4.1 (g). "Pledged Hedging Arrangements" has the meaning set forth in Section 4.1 (g).

Overdraft Advance is defined in Section 5.9.

Overdraft Advance means any Advance under the Overdraft Note.

Overdraft Advance has the meaning set forth in Exhibit B-SF.

Overdraft Advance means any advance made hereunder by Bank of ----------------- America under the Overdraft Line.