Overdraft Facility Agreement definition

Overdraft Facility Agreement means an agreement between the Borrowers and a Lender for an overdraft facility agreement in the amount of the Overdraft Facility Commitment.

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Overdraft Facility Agreement means every overdraft facility agreement that the Lender and the Borrower have entered into or shall enter into (and also jointly all such agreements) under which the Borrower has or shall have a claim upon meeting conditions for the overdraft loan drawing specified therein. Sanctions mean any business, territorial, economic, commodity or financial sanctions, embargos, or other restrictive measures arising out of any regulation or other decision by any Sanction Authority.

Overdraft Facility Agreement means an uncommitted overdraft credit facility for the benefit of the Euro Holding Company as evidenced by a separate agreement between the Overdraft Lender and the Euro Holding Company, as the same may be amended, modified, exchanged or substituted from time to time.

Examples of Overdraft Facility Agreement in a sentence

Timing and mechanics of Overdraft Loans shall be as set forth in the Overdraft Facility Agreement.
Notwithstanding anything to the contrary in the Account Agreement or an Overdraft Facility Agreement, however, you must immediately repay any overdraft resulting from debits made under this Section.
Subject to the terms of this Agreement, the Euro Holding Company may borrow, repay and reborrow Overdraft Loans at any time prior to the Facility Termination Date in accordance with the terms of the Overdraft Facility Agreement.
The terms and conditions of borrowing in respect to the Overdraft Loans, including borrowing procedures, shall be as set forth in the Overdraft Facility Agreement.
The Overdraft Facility Agreement shall take effect upon its execution and delivery on terms acceptable to the Overdraft Lender and satisfaction of all conditions to effectiveness thereto.
Upon the effectiveness of the Overdraft Facility Agreement, the Lenders and the Borrowers hereby agree that the US Facility Commitment held by JPMorgan shall be reduced by a Dollar Amount of up to €6,000,000 and the Euro Facility Commitment held by JPMorgan shall increase in the same amount (up to €6,000,000).
In the event the Borrower and/or the Co-Borrower/s is desirous of premature closure of the Overdraft Facility by repaying all the Dues and terminating this Overdraft Facility Agreement, the Borrower and/or the Co-Borrower/s shall be liable to pay to the Bank premature closure charges at such percentage of the Maximum Overdraft Limit or Operating Limit as the case may be as indicated in Schedule 1 Part A hereto.
In the event the Borrower is desirous of premature closure of the Overdraft Facility by repaying all the Dues and terminating this Overdraft Facility Agreement, the Borrower shall be liable to pay to the Bank premature closure charges at such percentage of the Operating Limit as indicated in the Schedule The other charges payable by the Borrower on the said Account shall be as per the account opening terms and conditions applicable to accounts similar to the said Account.

More Definitions of Overdraft Facility Agreement

Overdraft Facility Agreement means any agreement between a member of the Group and the Overdraft Bank relating to the Overdraft Facility. PARTY means a party to this Deed.

Overdraft Facility Agreement means the multicurrency overdraft facility agreement in the maximum amount of HUF 1,120,000,000 available in HUF, USD and EUR concluded by the Borrower and the Bank under the contract no. EMC-1/2009 dated on 5 January 2009 which was amended several times previously and on or about the date of this Credit Facility Agreement.

Overdraft Facility Agreement means the SEK 865,000,000 overdraft facilities entered into by the Issuer and DNB Sweden AB/DNB Bank ASA, Sweden Branch, Swedbank AB, Svenska Handelsbanken AB and Danske Bank A/S, Danmark, Sverige Filial.