Overdraft Amount definition

Overdraft Amount means a Domestic Overdraft Amount or Offshore Overdraft Amount, as applicable.

Overdraft Amount means, as at any date of determination, the aggregate amount of outstanding overdrafts charged to the Overdraft Account.

Overdraft Amount means the amount of any overdraft and the interest on the Overdraft Amount which you agree to pay to Vancity in accordance with the section of this Agreement entitled Overdrafts.

Examples of Overdraft Amount in a sentence

• In order to be granted an Overdraft, you should make an Overdraft request by completing the relevant Form.ADCB may in exceptional cases and in its sole discretion also grant an Exceptional Overdraft Amount without an Overdraft request where there are insufficient funds in your Account to cover a particular payment from your Account.

• If ADCB refuses to grant this Exceptional Overdraft Amount, it can refuse to effect the payment that you have authorised.If you are granted an Overdraft by ADCB, the General Loan Terms will apply to you.

• On the day such Multicurrency Revolving Loans are made, Administrative Agent’s Multicurrency Revolver Pro Rata Share of the Domestic Overdraft Amount being refunded shall be deemed to be paid with the proceeds of a Multicurrency Revolving Loan made by Administrative Agent and such portion of the Domestic Overdraft Amount deemed to be so paid shall no longer be outstanding.

• Notwithstanding the foregoing, at no time shall the Total Overdraft Usage exceed the Maximum Overdraft Amount.

• Xxxxxxxx shall pay to Bank on demand an amount equal to the Domestic Overdraft Amount then outstanding in respect of such overdraft.

More Definitions of Overdraft Amount

Overdraft Amount means, at any time, the principal amount by way of loan overdraft or guarantee outstanding under the Overdraft Facility at that time;

Overdraft Amount means a Domestic Overdraft Amount or Offshore Overdraft Amount, as applicable. “Overdraft Provider” means the Domestic Overdraft Provider or an Offshore Overdraft Provider, as applicable. “Owens-Brockway” means Owens-Brockway Glass Container Inc., a Delaware corporation.

Overdraft Amount funds (utilized or to be utilized) allocated by the Bank to the Client in accordance with the conditions of the Agreement, based on repayment, pricing, security and terms.

Overdraft Amount and "Overdraft Commitment" in the Credit Agreement are hereby deleted in their entirety, and in connection therewith, there shall be no overdraft facility available to the U.K. Borrower under the terms of the Credit Agreement.

Overdraft Amount means the sum of Four Million Pounds (4,000,000), initially, as it shall or may be reduced from time to time hereafter pursuant to the operation and effect of Sections 2.6 and 2.7.

Overdraft Amount shall include all amounts disbursed by the Bank pursuant to the Facility granted hereunder. GRANT OF FACILITY 3. Notwithstanding the Maximum Overdraft Limit, unless the Bank otherwise permits, the Borrower shall not be entitled to operate the Facility beyond the Drawing Power which may be determined by the Bank from time to time on the basis of the Bank's margin requirements and the value of the Security or otherwise . The Borrower is aware and agrees that the Bank may, from time to time, vary the Drawing Power without any intimation to the Borrower, and the Borrower agrees to at all times (and in particular before any cheque is presented for payment) to keep itself informed of the Drawing Power and the Bank's margin requirements as varied from time to time. The Borrower has understood and is aware of the Bank's methodology of computing the Drawing Power and compute the Borrower's' Drawing Power before issuing any cheque or drawing any money under the Facility. The Borrower shall at all times confine the borrowings to the drawing power allotted within the limit of a particular facility, namely, the value of the security less the corresponding margin stipulated from time to time in respect of the said facility or the limit set by the Bank, whichever is lower, and in no case shall the Borrower exceed such limit. The Bank may however at the specific request of the Borrower and in its own discretion, allow drawings beyond such drawing power or limit for such time as may be considered necessary and shall at any time without notice call upon the Borrower to repay such excess drawings. All rights and obligations of the Bank and the Borrower respectively under the Master Facility Agreement and this Schedule, if any and under any sanction letter and/or security documents shall extend to cover such excess drawings notwithstanding the specific limit stipulated herein. The Bank shall not honour cheque(s) issued by the Borrower for the purpose other than agreed upon between the Borrower and the Bank and for amounts exceeding the limits sanctioned.

Overdraft Amount shall include all amounts disbursed by the Bank pursuant to the Facility granted hereunder. GRANT OF FACILITY