Overdrafts definition

Overdrafts means overdrafts of the book balance of any accounts constituting Deposit Liabilities and all consumer lines of credit made available to customers of the Branches as a protection against overdrafts of such accounts.

Overdrafts means those overdrafts of the book balance of any Deposit Accounts, which are not subject to Cash Reserve Lines of Credit.

Overdrafts means only overdrafts in Transaction Accounts (other than overdrafts extended pursuant to a formal line of credit or similar arrangement) maintained at the Branches.

Examples of Overdrafts in a sentence

• The Custodian and each Fund acknowledge that the purpose of such Overdrafts is to temporarily finance the purchase or sale of securities for prompt delivery in accordance with the terms hereof, or to meet emergency expenses not reasonably foreseeable by such Fund.

• At the request of the Custodian, each applicable Fund, on behalf of one or more of its Portfolios, shall pledge, assign and grant to the Custodian a security interest in certain specified securities of the applicable Portfolio, as security for Overdrafts provided to such Portfolio, under the terms and conditions set forth in Appendix "C" attached hereto.

• The Custodian and the Funds acknowledge that the purpose of such Overdrafts is to temporarily finance the purchase or sale of securities for prompt delivery in accordance with the terms hereof.

• As security for any Overdrafts (as defined in the Custodian Agreement) of any Portfolio, the applicable Fund, on behalf of such Portfolio, shall pledge, assign and grant to the Custodian a security interest in Collateral (as hereinafter defined), under the terms, circumstances and conditions set forth in this Appendix "C".

• The purpose of such Overdrafts is to temporarily finance extraordinary or emergency expenses not reasonably foreseeable by the Fund.

More Definitions of Overdrafts

Overdrafts means negative balances on Deposit accounts and HRB Prepaid Cards.

Overdrafts means those overdrafts of the book balance of any Deposit Accounts which are not subject to Cash Reserve Lines of Credit.

Overdrafts means those overdrafts of the book balance of any Deposit Accounts which are not overdrawn for more than seven days as of the Closing Date and which are not evidenced by a Loan.

Overdrafts has the meaning set forth in the definition of Obligations.

Overdrafts means overdrafts on the accounts of the Borrower maintained with the Swing Line Lender for the purpose of, among other things, obtaining Swing Line Advances and which overdrafts shall accrue interest at the same rate per annum as Prime Loans (for amounts denominated in Cdn. Dollars) or USBR Loans (for amounts denominated in U.S. Dollars) and such interest shall be payable in accordance with the Swing Line Lender’s customary practices.

Overdrafts means the overdrafts made or to be made available pursuant to these terms and conditions.

Overdrafts. If your account becomes overdrawn, we have the right to return or pay the item and impose a fee for each overdraft created by checks, in-person withdrawals, or by other electronic means, as applicable. We are not required to permit overdrafts, but if we do, you agree that we may charge interest at the highest rate permitted by law and/or a handling fee for each overdraft. You agree to make immediate payment to the Bank in the amount of the overdraft together with the applicable service charges. If your account is a joint account and becomes overdrawn, you authorize us at our discretion to use funds from any joint owner's account to pay the overdraft and associated service charges. If we determine that overdrafts against your account are excessive, we may charge special fees and/or close the account at our discretion. We will limit the number of fees we charge to a maximum of 3 per day. Stopping Payment on a Check: If you do not want us to pay a check or draft you have written or authorized, you can order us to stop payment prior to the check being presented. A stop payment order (verbal or written) is valid for six months and may be renewed for another six months by informing us again. A confirmation of your stop payment order will be sent to your address on record. Unless contact is made either correcting or cancelling the stop payment, the stop payment is considered to be verified and in effect as per the information on the form. If you do not renew the stop payment order, the Bank will not be liable for items paid after the order ceased to be in effect. YOUR STOP PAYMENT ORDER MUST INCLUDE YOUR NAME, YOUR ACCOUNT NUMBER, AND EITHER THE CHECK NUMBER OR EXACT