Common use of The Overdraft Clause in Contracts

The Overdraft. Tranche may be used by a Borrower incurring overdrafts in its Canadian Dollar and US Dollar accounts with the Overdraft Lender, which shall be deemed to be Prime Rate Advances and Base Rate Advances, respectively by Overdraft Lender.

Appears in 2 contracts

Sources: Credit Agreement (ATS Corp /ATS), Second Amending Agreement (ATS Corp /ATS)