Common use of Overdraft Loans Clause in Contracts

Overdraft Loans. (i) From time to time on any Business Day during the period from the Closing Date to the Termination Date, upon presentment to the Overdraft Line Bank for payment of an item drawn by a Multicurrency Borrower on a Euro Overdraft Account or Sterling Overdraft Account (each an “Account” and collectively the “Accounts”) with the Overdraft Line Bank in an amount that, when charged against the Account, creates an overdraft in the Account, the Overdraft Line Bank shall pay such item to the extent not subject to the limitations set forth in this Section 2.01(c)(i), and such payment shall be deemed an “Overdraft Loan”. Each Overdraft Loan provided hereunder shall bear interest at the interest rate set forth in Section 4.01(a)(ii). At no time shall the aggregate amount of Overdraft Loans exceed the lesser of (A) the Overdraft Line Commitment and (B) the Availability for the Multicurrency Facility at such time. Overdraft Loans shall be repaid pursuant to the terms of Section 2.01(h) or as otherwise provided in this Agreement.

Overdraft Loans. (i) From time to time on any Business Day during the period from the Closing Date to the Termination Date, upon presentment to the Overdraft Line Bank for payment of an item drawn by a Multicurrency Borrower on a Euro Overdraft Account or Sterling Overdraft Account (each an “Account” "ACCOUNT" and collectively the “Accounts”"ACCOUNTS") with the Overdraft Line Bank in an amount that, when charged against the Account, creates an overdraft in the Account, the Overdraft Line Bank shall pay such item to the extent not subject to the limitations set forth in this Section SECTION 2.01(c)(i), and such payment shall be deemed an “Overdraft Loan”"OVERDRAFT LOAN". Each Overdraft Loan provided hereunder shall bear interest at the interest rate set forth in Section SECTION 4.01(a)(ii). At no time shall the aggregate amount of Overdraft Loans exceed the lesser of (A) the Overdraft Line Commitment and (B) the Availability for the Multicurrency Credit Facility at such time; provided, further, that the Overdraft Loans provided to the relevant Multicurrency Borrower with respect to the Euro Overdraft Accounts shall not exceed the Euro Overdraft Limit, and the Overdraft Loans provided to the relevant Multicurrency Borrower with respect to the Sterling Overdraft Accounts shall not exceed the Sterling Overdraft Limit. Overdraft Loans shall be repaid pursuant to the terms of Section SECTION 2.01(h) or as otherwise provided in this Agreement.

Overdraft Loans. (i) From time to time on any Business Day during the period from the Closing Date to the Termination Date, upon presentment to the Overdraft Line Bank for payment of an item drawn by a Multicurrency Borrower on a Euro Overdraft Account or Sterling Overdraft Account (each an “Account” and collectively the “Accounts”) with the Overdraft Line Bank in an amount that, when charged against the Account, creates an overdraft in the Account, the Overdraft Line Bank shall pay such item to the extent not subject to the limitations set forth in this Section 2.01(c)(i), and such payment shall be deemed an “Overdraft Loan”. Each Overdraft Loan provided hereunder shall bear interest at the interest rate set forth in Section 4.01(a)(ii). At no time shall the aggregate amount of Overdraft Loans exceed the lesser of (A) the Overdraft Line Commitment and (B) the Availability for the Multicurrency Credit Facility at such time. Overdraft Loans shall be repaid pursuant to the terms of Section 2.01(h) or as otherwise provided in this Agreement.