Examples of Overdraft Loan in a sentence
The Overdraft Loan shall be drawn by the Bank automatically fulfilling against and up to the extent of the Overdraft Facility those payment orders for which the credit balance of the Bank Account fails to provide sufficient coverage.
Within the limit of the Overdraft Facility specified in the Overdraft Facility Agreement, the Bank shall provide an Overdraft Loan for the Customer in respect of the Bank Account specified in the Overdraft Facility Agreement without specific instructions from the Customer at the time and in such amount as is necessary to meet any payment order submitted against the aforementioned Bank Account of the Customer.
The total amount of the Overdraft Loan drawn from the Overdraft Facility and not yet repaid shall become due and payable in lump sum on the date of Maturity of the Overdraft Facility.
Four out the ten public bodies monitored in northern part of Cyprus did not have a specific website as of September 2010.
Each Swing Line Overdraft Loan Borrowing may be prepaid at any time and from time to time, in whole or in part, subject to the requirements of Section 5.10, but otherwise without premium or penalty.