Overdraft Lender definition

Overdraft Lender means The Bank of Nova Scotia or any other Lender selected by the Administrative Agent and acceptable to the Borrower who assumes in writing the obligation to make Overdraft Loans under the Credit Facility on behalf of the Lenders.

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 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.

Examples of Overdraft Lender in a sentence

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

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

• All Advances under the Overdraft Tranche shall be made solely by the Overdraft Lender and records concerning Advances under the Overdraft Tranche shall be maintained solely by the Overdraft Lender.

• Subject to Section 5.1.2, Advances under the Main Tranche shall be made by the Lenders and Advances under the Overdraft Tranche shall be made by the Overdraft Lender.

• Tranche may be used by a Borrower incurring overdrafts in its Canadian Dollar and US Dollar accounts with the Overdraft Lender, which shall be deemed to be Prime Rate Advances and Base Rate Advances, respectively by Overdraft Lender.

More Definitions of Overdraft Lender

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.

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

Overdraft Lender means The Toronto-Dominion Bank.

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 the financial institution shown in Schedule 1.1(rr) as the lender under the Overdraft Commitment together with its successors and assigns in such capacity.

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