DLOF definition

DLOF means the draft Letter of offer to be filed with SEBI pursuant to Regulation 16 (1) of SEBI (SAST) Regulations.
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DLOF means the overdraft facility granted by the Lender to the Borrower and linked to the Account upto the Dropline Limit which limit shall be subject to Equated Monthly Reduction as appearing in the Schedule 4.
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DLOF means the overdraft facility granted by the Bank to the Borrower and linked to the DLOFAccount upto the Dropline Limit which amount limit shall be subject to Equated Monthly Reduction as appearing in the Schedule. "DLOF Account" shall have the meaning ascribed to it in as specified in the Schedule. "Events of Default" shall have the meaning ascribed to it in clause 8 of this Agreement.
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Examples of DLOF in a sentence

  • All outstanding amounts of interests, commission, discount, charges and other monies in respect of the DLOF whether debited to the Account, or not, shall also be included in determining the availability of the DLOF.

  • Drawing power in connection with the DLOF, means the extent to which the Borrower may make drawls from time to time under the DLOF, as determined by the Bank.

  • The DLOF may, without prior notice, be modified, reduced or cancelled, in whole or in part, at Bank’s sole discretion, whereupon all outstanding amounts owing under the DLOF shall become immediately due and payable, forthwith on demand.

  • The DLOF shall be available for the Tenure and the Purpose mentioned in the Schedule 4 hereto, with different operating overdraft limits (each an "Operating Limit") applicable in different months, starting with an Operating Limit for the first month as specified in the Schedule 4 ("Dropline Limit") The Operating Limit shall automatically stand reduced to the extent and in the manner provided in Sanction Letter.

  • The amounts up to which the Borrower can draw under the DLOF shall not at any time exceed the Dropline Limit, however the Dropline Limit may be extended at the sole discretion of the Bank.

  • The DLOF is subject to review at any time or a periodic review at Bank’s discretion.

  • DLOF or other account(s) (the “Account”, which expression shall mean any or each of such account(s), as the context may permit or require) at the branch(es) of the Lender as is specified in the Sanction Letter or such other branch as may be intimated to the Borrower by the Lender from time to time, for availing the Facilities up to the respective Limits.

  • The Borrower can avail the DLOF from a designated Account of the Borrower maintained with the Bank in its name.

  • The Borrower shall ensure that the DLOF Account maintained by the Borrower with the Bank is funded to such extent to ensure prompt and timely recovery of the monthly drop line amount as prescribed in Schedule hereto.

  • The value of the Security to be offered for the DLOF shall be with respect to the drawing power as determined by the Bank from time to time.