Overdraft Facilities definition

Overdraft Facilities means together the Secured Overdraft Facility and the Unsecured Overdraft Facility; “person” includes an individual, firm, company, corporation and an unincorporated body of persons;

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Overdraft Facilities means any overdraft facilities (which may be in sterling or other currencies) provided to the Borrower or any other member of the Borrower's Restricted Group by Overdraft Banks which have signed Overdraft Bank Agreements with the Borrower or, as the case may be, the other member of the Borrower's Restricted Group.

Overdraft Facilities means the Secured Overdraft Facility, the Unsecured Overdraft Facility and the OD Protection;

Examples of Overdraft Facilities in a sentence

• The Bank may however, at its own discretion, allow drawings beyond the Drawing Power, including ad hoc / temporary facilities and/or Temporary Overdraft Facilities (“▇▇▇”), for such time as may be considered necessary and shall at any time without notice call upon the Borrower to repay such excess drawings.

• The Agent may instruct professional advisers to provide advice in connection with this Agreement and the Overdraft Facilities.

• Each Facility C Lender shall notify the Facility Agent of any Overdraft Facilities created pursuant to this clause.

• Interest in respect of Overdraft Facilities shall accrue on a daily basis and shall be calculated and payable within five Business Day after the end of each calendar month (notwithstanding that the Overdraft Facility may have been cancelled and/or repaid during that month) in accordance with its terms and/or with the terms of this Agreement.

• The Overdraft Borrower agrees to pay to the Agent on demand each amount due and payable by the Overdraft Borrower to the Overdraft Bank under the Overdraft Facilities.

More Definitions of Overdraft Facilities

Overdraft Facilities means any provision of funds to the public sector resulting or likely to result in a debit balance;

Overdraft Facilities means local lines of credit of the Company's Foreign Subsidiaries, together with any credit support provided by the Company or any Restricted Subsidiary, providing for availability in an aggregate amount not to exceed $25.0 million at any time outstanding.

Overdraft Facilities means local lines of credit made available to Foreign Restricted Subsidiaries.

Overdraft Facilities means facilities relating to Indebtedness permitted pursuant to Section 8.2(n) of the Credit Agreement, including, without limitation, guarantees thereof.

Overdraft Facilities means facilities relating to Indebtedness (as such term is defined in the Credit Agreement) permitted pursuant to Section 8.2(b)(xii) of the Credit Agreement, including, without limitation, guarantees thereof.

Overdraft Facilities means facilities relating to Indebtedness (as such term is defined in the Credit Agreement) permitted pursuant to Section 8.2(n) of the Credit Agreement, including, without limitation, guarantees thereof.

Overdraft Facilities means an explicit contract through which credit institutions make available to a natural person funds which exceed the current balance in his current account;