Temporary Overdraft Facility definition

Temporary Overdraft Facility means the temporary overdraft facility granted under the Letter of Offer;
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Temporary Overdraft Facility means the additional group multi-currency facility/account credit made available under this Agreement as described in Clause 2.2; Business Day means a day (other than a Saturday or Sunday) on which banks are open for general business in Stockholm; EBITDA means, in relation to any period, the consolidated operating profit of the Group for such period before any of the following items and without double-counting: (a) before any deduction of corporate tax or other taxes on income gains; (b) before any deduction for interest payable and interest in respect of subordinated debt; (c) after deducting (to the extent otherwise included) interest receivable; (d) after deducting (to the extent otherwise included) the amount of profit (or adding back the amount of loss) of any Group Company (other than the Company) which is attributable to any third party (other than a Group Company) which is a shareholder in that Group Company; (e) after adding back or deducting, as the case may be, the amount of any loss or gain against book value arising on a disposal of any asset (other than stock disposed of in the ordinary course of trading), to the extent included in arriving at EBITDA; (f) before deducting amortisation of any goodwill or any intangible assets; (g) before deducting all depreciation whatsoever; (h) after adding back or deducting, as the case may be, any unrealized loss or gain due to exchange rate movements to the extent included in the calculation of EBITDA; (i) excluding any extraordinary and such non-recurring items which, in case of an accumulated amount in excess of SEK 250,000, are approved by the Bank (acting reasonably); and (j) after adding interest income generated from the customer financing business. Event of Default each such event as specified in Clause 11;
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Examples of Temporary Overdraft Facility in a sentence

  • It is not in dispute that on 22nd December, 2016 the Applicant granted the Respondent a Short Term Temporary Overdraft Facility for K478,000.00 to enable him bring his Home Loan arrears up to date.

  • In this respect, there seems to appear the acceptation of different truths, which changes in time.The Western Marxist alternative, that was influenced by the writings of Lukács, Gramsci, Frankfurt School, Fromm, Sartre, Gorz has always been critical of the existing socialisms in the Eastern Block.

  • For the time during which the Borrower has not yet requested the Additional Temporary Overdraft Facility to be made available by the Bank, the Borrower shall pay to the Bank in advance on the first day of the Facility Period and thereafter yearly in advance a Commitment Fee of 0.15 per cent on the amount of the Additional Temporary Overdraft Facility.

  • The Facility Fee shall be paid the first time on the first day of the Facility Period, and shall be calculated on the total amount of the Overdraft Facility and, when made available to the Borrower, the Additional Temporary Overdraft Facility, as available on the date the Facility Fee falls due.

Related to Temporary Overdraft Facility

  • 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.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • 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.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Loan Facility means the Revolving Loan Facility, the Transaction Specific Loan Facility or the Transaction Specific Revolving Loan Facility established by Lender in favor of Borrower under the Loan Documents.

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • Energy facility means an energy plant or transmission

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • Facility C means the term loan facility made available under this Agreement as described in paragraph (c) of Clause 2.1 (Facilities).

  • Replaced Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Revolving Line is an Advance or Advances in an amount equal to Ten Million Dollars ($10,000,000).

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • 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.

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Facility Usage means, at the time in question, the aggregate amount of outstanding Loans and LC Obligations at such time.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.