Ancillary Services definition
Examples of Ancillary Services in a sentence
In addition, Bank may, in its sole discretion, charge as Non-Formula Revolving Line Advances any amounts that become due or owing to Bank or for which Bank becomes liable in connection with the provision of the Ancillary Services, including, without limitation, the unreimbursed amount on any drawn but unreimbursed Letter of Credit.
Subject to the terms and conditions of this Agreement and availability under the Non-Formula Revolving Line, at any time and from time to time from the date hereof through the Business Day immediately prior to the Non-Formula Revolving Line Maturity Date, Borrower may request the provision of Ancillary Services from Bank.
Borrower authorizes Bank to hold such balances in pledge and to decline to honor any drafts thereon or any requests by Borrower or any other Person to pay or otherwise transfer any part of such balances for so long as the applicable Ancillary Services are outstanding or continue.
Subject to and upon the terms and conditions of this Agreement, Borrower may request Non-Formula Revolving Line Advances in an aggregate outstanding amount not to exceed the Non-Formula Revolving Line minus the Ancillary Services Usage Amount.
The aggregate limit of the Ancillary Services shall not exceed the Non-Formula Revolving Line, provided that availability under the Non-Formula Revolving Line shall be reduced by the Ancillary Services Usage Amount.