Common use of Overdraft Facility Clause in Contracts

Overdraft Facility. (1) In cases where the amount requested for direct debit payment or withdrawals is in excess of the funds available in the account, the account is automatically overdrawn against the debenture (hereinafter referred to as “Collateral Debenture”) and the fixed term yen deposits which the Bank designates, such as Time Deposit, Premium Time Deposit, and PoweredOne (hereinafter referred to as “Collateral Deposits”. If an eligible product for collateral is added, it shall be announced by the Bank in an appropriate manner.)

Overdraft Facility. (1) In cases where the amount requested for direct debit payment or withdrawals is in excess of the funds available in the account, the account is automatically overdrawn against the debenture fixed-term yen deposits designated by the Bank such as Time Deposit, Premium Time Deposit and Structured Deposit designated by the Bank (hereinafter referred to as “Collateral Debenture”) and the fixed term yen deposits which the Bank designates, such as Time Deposit, Premium Time Deposit, and PoweredOne (hereinafter referred to as “Collateral Deposits”. If an eligible product for collateral is specified or added, it shall be announced by the Bank in an appropriate manner.)

Overdraft Facility. (1) In cases where the amount requested for direct debit payment or withdrawals is in excess of the funds available in the account, the account is automatically overdrawn against the debenture (hereinafter referred to as “Collateral Debenture”) and the fixed term yen deposits which the Bank designates, such as Time Deposit, Premium Time Deposit, and PoweredOne (hereinafter referred to as “Collateral Deposits”. If an eligible product for collateral is added, it shall be announced by the Bank in an appropriate manner.)