Common use of Overdraft Clause in Contracts

Overdraft. under the Agreement and relevant overdraft agreement and in accordance with conditions thereof, overdraft (limit) is a maximum limit of amount of debit balance allowed by the Bank on the Customer’s Account for the short period of time which enables the Customer to utilize repeatedly funds within the debit balance in excess of the amount deposited at his/her/its Account (including with the purpose of full or partial refinancing of utilized Credit Amount), and the accrued debt shall in the first place be automatically covered from the amount entered to the Account. Furthermore, the Parties acknowledge and agree that: (a) when using the Credit Amount, for the purpose of calculating the volume of the Credit Amount to be utilized within the maximum limit, the volume/portion of the Credit Amount utilized by the Customer under the relevant overdraft agreement and already fulfilled against the Bank shall not be taken into consideration; (b) when refinancing utilized Credit Amount fully or partially, the liability to be refinanced shall not be taken into account in the course of calculating maximum limit envisaged by the relevant overdraft agreement, and (c) in case the Overdraft is approved in one currency and the relevant Credit Amount or part thereof are issued/supplied in another currency, then the conditions of Sub-paragraph 3.5.2 of the Annex No. 1 shall apply.

Overdraft. under the General Credit Line Agreement and relevant overdraft agreement Overdraft Agreement and in accordance with conditions thereof, overdraft Overdraft (limit) is a maximum limit of amount of debit balance allowed by the Bank on the Customer’s Account for the short period of time which enables the Customer to utilize repeatedly funds within the debit balance in excess of the amount deposited at his/her/its Account (including with the purpose of full or partial refinancing of utilized Credit Overdraft Amount), and the accrued debt shall in the first place be automatically covered from the amount entered to the Account. Furthermore, the Parties acknowledge and agree that: (a) when using the Credit Amount, for the purpose of calculating the volume of the Credit Amount to be utilized within the maximum limit, the volume/portion of the Credit Amount utilized by the Customer under the relevant overdraft agreement Overdraft Agreement and already fulfilled against the Bank shall not be taken into consideration; (b) when refinancing utilized Credit Amount fully or partially, the liability obligation to be refinanced shall not be taken into account in the course of calculating maximum limit envisaged provided by the relevant overdraft agreementOverdraft Agreement, and (c) in case the Overdraft is approved in one currency and the relevant Credit Amount or part thereof are issued/supplied in another currency, then the conditions of Sub-paragraph 3.5.2 3.4.4 of the Annex No. 1 shall apply.

Overdraft. under the Agreement and relevant overdraft agreement and in accordance with conditions thereof, overdraft (limit) is a maximum limit of amount of debit balance allowed by the Bank on the Customer’s Account for the short period of time which enables the Customer to utilize repeatedly funds within the debit balance in excess of the amount deposited at his/her/its Account (including with the purpose of full or partial refinancing of utilized Credit Amount), and the accrued debt shall in the first place be automatically covered from the amount entered to the Account. Furthermore, the Parties acknowledge and agree that: (a) when using the Credit Amount, for the purpose of calculating the volume of the Credit Amount to be utilized within the maximum limit, the volume/portion of the Credit Amount utilized by the Customer under the relevant overdraft agreement Agreement and already fulfilled against the Bank shall not be taken into consideration; (b) when refinancing utilized Credit Amount fully or partially, the liability to be refinanced shall not be taken into account in the course of calculating maximum limit envisaged by the relevant overdraft agreementAgreement, and (c) in case the Overdraft is approved in one currency and the relevant Credit Amount or part thereof are issued/supplied in another currency, then the conditions of Sub-paragraph 3.5.2 of the Annex No. 1 shall apply.