Overdraft Facilities definition

Overdraft Facilities means together the Secured Overdraft Facility and the Unsecured Overdraft Facility; “person” includes an individual, firm, company, corporation and an unincorporated body of persons;

Overdraft Facilities means the Secured Overdraft Facility, the Unsecured Overdraft Facility and the OD Protection;

Overdraft Facilities means any provision of funds to the public sector resulting or likely to result in a debit balance;

Examples of Overdraft Facilities in a sentence

• Subject to Applicable Law, we will give you 10 days prior notice of any demand for payment of Overdraft Facilities if you have defaulted in payment of any other sums owing on any other Account with us.

• Subject to applicable law, we will give you 10 days prior notice of any demand for payment of Overdraft Facilities if you have defaulted in payment of any other sums owing on any other Account with us.

• Distance Marketing Information for Current Accounts, Debit Cards and Overdraft Facilities (“the Current Account Service”) applies to you if you have dealt with us at a distance e.g. by phone, internet and post.

• OD Protection.6.02 Any overdraft by the Customer exceeding the aggregate amount granted available by the Bank to the Customer pursuant to any Overdraft Facilities shall be deemed to be unauthorised overdraft.

• These Terms and Conditions, the Overdraft Facilities, any security created by the Customer in favour of the Bank, the account relationship between the Bank and the Customer and the Bank’s obligations to pay any amount standing to the credit of a Sub-account shall be governed by the laws of Hong Kong.

More Definitions of Overdraft Facilities

Overdraft Facilities means any overdraft facilities (which may be in sterling or other currencies) provided to the Borrower or any other member of the Borrower's Restricted Group by Overdraft Banks which have signed Overdraft Bank Agreements with the Borrower or, as the case may be, the other member of the Borrower's Restricted Group.

Overdraft Facilities means local lines of credit made available to Foreign Restricted Subsidiaries.

Overdraft Facilities means local lines of credit of the Company's Foreign Subsidiaries, together with any credit support provided by the Company or any Restricted Subsidiary, providing for availability in an aggregate amount not to exceed $25.0 million at any time outstanding.

Overdraft Facilities means any overdraft facility provided by a creditor to any member of the Group including any other facility which in the normal course of usage operates on a fluctuating basis, together with any facility under which any Finance Party guarantees such facility.

Overdraft Facilities means facilities relating to Indebtedness permitted pursuant to Section 8.2(n) of the Credit Agreement, including, without limitation, guarantees thereof.

Overdraft Facilities means facilities relating to Indebtedness (as such term is defined in the Credit Agreement) permitted pursuant to Section 8.2(b)(xii) of the Credit Agreement, including, without limitation, guarantees thereof.

Overdraft Facilities means an explicit contract through which credit institutions make available to a natural person funds which exceed the current balance in his current account;