Overdraft Provider definition

Overdraft Provider means the Domestic Overdraft Provider or an Offshore Overdraft Provider, as applicable.
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Overdraft Provider means The Toronto-Dominion Bank, in its capacity as the Person maintaining the Canadian Operating Account and the U.S. Operating Account, it being understood that the Overdraft Provider must at all times be the same Person that occupies the function of Agent;
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Overdraft Provider means: (i) Barclays Bank PLC in its capacity as overdraft provider hereunder (and not, for the avoidance of doubt, Barclays Overdraft Agent through which Barclays Bank PLC acts in connection with Short-Term Advances) until the date, if any, that is 30 days after the date Barclays Bank PLC notifies the Borrowers that no more Short-Term Advances will be made by it; or (ii) any other Lender that may, from time to time, be appointed to act as the overdraft provider hereunder in accordance with Clause 30.5; "OVERDRAFT PROVIDER TRANSFER CERTIFICATE" means a certificate substantially in the form set out in the Eighth Schedule signed by the Overdraft Provider and the Overdraft Facility Transferee whereby: (i) the Overdraft Provider seeks to procure the transfer to the Overdraft Facility Transferee of all (but not part) of the Overdraft Provider's rights and obligations hereunder upon and subject to the conditions set out in Clause 30.5; and -------------------------------------------------------------------------------- --------------------------------------------------------------------------------
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Examples of Overdraft Provider in a sentence

  • For purposes of this Section 11.12, the term “Lender” shall include any Overdraft Provider.

  • Each Agent, each Lender, each Overdraft Provider, each Issuing Lender and their respective Affiliates (collectively, solely for purposes of this paragraph, the “Lenders”), may have economic interests that conflict with those of the Loan Parties, their stockholders and/or their affiliates.

  • Any Offshore Overdraft Provider may resign at any time by giving thirty (30) days’ prior written notice thereof to the Lenders, the relevant Offshore Borrower, Borrowers’ Agent and Administrative Agent.

  • Promptly upon such other Lender agreeing to such request and repayment of all outstanding Short-Term Advances together with accrued interest thereon to the existing Overdraft Provider, the existing Overdraft Provider shall transfer to such Lender all (but not part) of its rights, benefits and obligations hereunder as the Overdraft Provider.

  • Nothing contained in this Section shall be construed as obliging any of the other Revolving Lenders or Other Lenders, as the case may be, to make a payment to the Overdraft Provider or any such Revolving Lender having a disproportionately higher share under the terms of this Section in an amount which exceeds the Available Revolving Commitment of such other Revolving Lender or Other Lender on such day.

  • Assignments and Transfers by Banks, Change of Overdraft Provider.

  • If any portion of any such amount paid to any Offshore Overdraft Provider should be recovered by or on behalf of such Offshore Borrower from such Offshore Overdraft Provider in bankruptcy, by assignment for the benefit of creditors or otherwise, the loss of the amount so recovered shall be ratably shared among all Lenders in the manner contemplated by subsection 10.6.

  • Any amount to be so disbursed by the Overdraft Provider shall constitute an Advance by way of Prime Rate Loan or U.S. Base Rate Loan, as the case may be, made by the Overdraft Provider, and such Advance shall be made by the close of business on the Business Day immediately following the one during which such Overdraft occurs, but shall be deemed to have been so made effective as of the close of business on the Business Day during which such Overdraft occurs.

  • Any Offshore Overdraft Provider may resign at any time by giving 30 days’ prior written notice thereof to the Lenders, the relevant Offshore Borrower, Borrowers’ Agent and Administrative Agent.

  • Each Agent, each Lender, each Domestic Overdraft Provider, each Isuing Lender and their respective Affiliates (collectively, solely for purposes of this paragraph, the “Lenders”), may have economic interests that conflict with those of the Loan Parties, their stockholders and/or their affiliates.

Related to Overdraft Provider

  • Overdraft means any payment or transfer of funds on behalf of a Fund or series of a Fund for which there are, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of such Fund or series thereof.

  • Overdraft Facility or ‘Facility’ means an authorised debit balance that may be offered to you at our discretion from time to time allowing your Account to go overdrawn up to an agreed Overdraft Limit.

  • Cash Management Document means any certificate, agreement or other document executed by any Loan Party in respect of the Cash Management Obligations of any Loan Party.

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

  • Hedging Agreement Provider means any Person that enters into a Hedging Agreement with a Credit Party or any of its Subsidiaries that is permitted hereunder to the extent such Person is a (a) Lender, (b) an Affiliate of a Lender or (c) any other Person that was a Lender (or an Affiliate of a Lender) at the time it entered into the Hedging Agreement but has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement.