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.

  • The parties hereto agree that in the context of the provisions of Section 3.8, the Overdraft Provider may make Advances in excess of its Available Revolving Commitment and that, notwithstanding anything to the contrary in this Agreement, all Advances by the Overdraft Provider in excess of its Pro Rata Share of the Revolving Commitments shall be deemed for all intents and purposes, Advances made pursuant to this Agreement under the Revolving Facility and shall constitute Obligations hereunder.

  • All payments, repayments and prepayments of principal and interest on Advances made by the Overdraft Provider pursuant to Section 3.8, until the date at which such Advances shall have been redistributed in accordance with Section 16.3, shall be effected by direct payments to the Overdraft Provider by deposit into the Canadian Operating Account or the U.S. Operating Account, as the case may be.

  • The Overdraft Provider shall disburse an amount in Canadian Dollars or U.S. Dollars, as the case may be, equal to such Overdraft, rounded up to the nearest $100,000 Canadian Dollars or $100,000 U.S. Dollars (without exceeding $20,000,000 Cdn or the Equivalent in U.S. Dollars), provided that at the time of such disbursement, there are sufficient Available Revolving Commitments to proceed to such disbursement to cover such Overdraft.

  • The Borrower also hereby expressly acknowledges and agrees with respect to the Canadian Operating Account and the U.S. Operating Account, that all deposits and credits made into said accounts under the terms hereof by the Overdraft Provider shall constitute prima facie evidence of Advances by the Overdraft Provider under the Revolving Facility.

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

  • Where there is a Credit Balance, such Credit Balance shall be imputed firstly to the repayment of the Prime Rate Loans or U.S. Base Rate Loans, as the case may be, made by of the Overdraft Provider which have not been the subject of a Redistribution and which exceed the Revolving Commitment of the Overdraft Provider, until said amount in excess of the Revolving Commitment of the Overdraft Provider is repaid in full or is redistributed pursuant to a Redistribution.

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.

  • Cash Manager means Northern Rock or such other person or persons for the time being acting, pursuant to the Cash Management Agreement, as agent for the Mortgages Trustee, Funding and (following enforcement of the Funding Security) the Security Trustee for the purposes of, inter alia, managing all cash transactions and maintaining certain ledgers on behalf of the Mortgages Trustee, Funding and (following enforcement of the Funding Security) the Security Trustee;

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Banking Services Provider means any Lender (other than a Defaulting Lender) or Affiliate of a Lender (other than a Defaulting Lender) that provides Banking Services to any Credit Party.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other cash management arrangements.

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Cash Management Obligation means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person under or in respect of a Cash Management Agreement.

  • Cash Management Obligations means obligations owed by the Borrower or any Restricted Subsidiary to any Lender or any Affiliate of a Lender in respect of any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds.

  • Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time.

  • Hedging Provider any Person that has entered into a Hedging Agreement with a Grantor with the obligations of such Grantor thereunder being secured by one or more Loan Documents, as designated by the Borrower in accordance with Section 8.4 hereof (provided that no Person shall, with respect to any Hedging Agreement, be at any time a Hedging Provider with respect to more than one Credit Facility).

  • Cash Management Bank means any Person that, at the time it enters into a Cash Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Cash Management Agreement.

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof or any Agent or affiliate thereof, which has been designated by such Lender and the Borrower, by notice to the Administrative Agent not later than 90 days after the execution and delivery by the Borrower or such Guarantor, as a “Specified Cash Management Agreement”.

  • Cash Management Agreements means any agreement providing for treasury, depository, purchasing card or cash management services, including in connection with any automated clearing house transfer of funds or any similar transaction.

  • Cash Management System shall have the meaning assigned to such term in Section 9.01.

  • Cash Management Arrangements means all cash management arrangements pursuant to which Honeywell or its Subsidiaries automatically or manually sweep cash from, or automatically or manually transfer cash to, accounts of SpinCo or any member of the SpinCo Group.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Cash Management Order means the Final Order (A) Authorizing the Debtors to (I) Continue Using Their Existing Cash Management System, (II) Maintain Existing Bank Accounts and Business Forms, and (III) Continue Using Certain Investment Accounts; (B) Authorizing Continued Intercompany Transactions and Netting of Intercompany Claims; and (C) Granting Postpetition Intercompany Claims Administrative Expense Priority [D.I. 801].

  • Cash Management Systems has the meaning ascribed to it in Section 1.8.

  • Financial Services Provider means any Lender and any other provider of financial services or products;

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.