Overdraft Lender definition

Overdraft Lender means The Bank of Nova Scotia or any other Lender selected by the Agent and acceptable to the Borrowers who assumes in writing with the Borrowers, the Lenders and the Agent the obligation of making Overdraft Loans under Credit Facility 2.

Overdraft Lender means BNS and/or such other Lenders which agree to provide the Borrower with Overdrafts pursuant to this Agreement.

Overdraft Lender means the Lender that, subject to Section 5.1.2, makes Advances under the Overdraft Tranche. For the time being, the Overdraft Lender is BNS. If BNS resigns as Overdraft Lender, a successor shall be agreed to by the Borrowers, the Required Lenders and the Agent, acting reasonably, in which case the affected Parties shall coordinate payments in respect of amounts outstanding under the Overdraft Tranche and the Main Tranche to change the adjustments contemplated in Section 5.1.2 to reflect the change in the Overdraft Lender.

Examples of Overdraft Lender in a sentence

• In determining whether the Borrower is entitled to an Advance by way of Overdraft or Letter of Credit, the Overdraft Lender or Letter of Credit Lender, as applicable, providing that Advance, shall be entitled to the same protection to which the Agent is entitled under this Subsection 12.8(b).

• If the position or net position is a debit in favour of the Overdraft Lender, the debit shall (if the Borrowers are entitled to an Advance) be deemed to be a Prime Rate Advance (in the case of Canadian Dollars) or Base Rate Advance (in the case of US Dollars) under the Overdraft Tranche in the amount of the debit.

• All payments of principal, interest, fees and other amounts relating to the Overdraft Tranche shall be made solely to the Overdraft Lender.

• The Borrower shall be entitled to obtain Accommodations from the Overdraft Lender in amounts in Canadian Dollars or U.S. Dollars by way of Overdraft.

• Any notices by the Borrowers in connection with the Overdraft Tranche shall be made to the Overdraft Lender.

More Definitions of Overdraft Lender

Overdraft Lender means JPMorgan Chase Bank, N.A., London Branch.

Overdraft Lender means the Lender designated as such from time to time by the Agent that has agreed to provide Overdraft Availments to Maxxcom and, for the time being, means Scotiabank.

Overdraft Lender means Lloyds Bank Plc.

Overdraft Lender means The Bank of New York or any other Lender acting as the Overdraft Lender in accordance with Section 2.2 hereof.

Overdraft Lender means Chase acting as the "Overdraft Lender" in accordance with subsection 3.9.

Overdraft Lender in accordance with subsection 3.9.

Overdraft Lender means The Toronto-Dominion Bank.