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

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 those overdrafts of the book balance of any accounts ---------- constituting Deposit Liabilities and all consumer lines of credit made available to customers of the Branch Offices as protection against the overdrafts of such accounts, which in each instance are evidenced by a pre-approval of such credit and an obligation by the customer to repay such borrowing plus applicable accrued interest.

Overdrafts means those overdrafts of the book balance of any deposit accounts which are not overdrawn for more than ten (10) days as of the Closing Date and which are not evidenced by a customer loan and promissory note.

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