Overdraft Facility Letter definition

Overdraft Facility Letter means the facility letter from The Governor and Company of the Bank of Scotland to the Borrower dated 10th August 2000 (as supplemented on or around the date of the Supplemental Facility Agreement and as amended, varied, supplemented, novated or replaced from time to time) in relation to working capital facilities of up to £6,000,000;

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Overdraft Facility Letter included in Schedule 11 to the Facility Agreement shall be amended by the insertion of the words “and on or around the date of the Second Supplemental Facility Agreement” after the words “... the Supplemental Facility Agreement” and prior to the words “and as amended, varied, supplemented, novated or replaced from time to time)” where they appear therein;

Overdraft Facility Letter included in Schedule 10 to the Mezzanine Facility Agreement shall be amended by the insertion of the words “and on or around the date of the Second Supplemental Mezzanine Facility Agreement” after the words “... the Supplemental Mezzanine Facility Agreement” and prior to the words “and as amended, varied, supplemented, novated or replaced from time to time)” where they appear therein;

Examples of Overdraft Facility Letter in a sentence

• A copy of the supplemental overdraft facility letter entered into or around the date hereof in relation to the Overdraft Facility Letter.

• A copy of the second supplemental overdraft facility letter entered into or around the date hereof in relation to the Overdraft Facility Letter.

• A copy of the second supplemental overdraft facility letter entered into on or around the date hereof in relation to the Overdraft Facility Letter.

• A copy of the supplemental overdraft facility letter entered into on or around the date hereof in relation to the Overdraft Facility Letter.

• The Overdraft Facility Bank may terminate and cancel the Overdraft Facility in accordance with the terms of the Overdraft Facility Letter.

• Interest shall be debited by the Overdraft Facility Bank to the relevant current account of the Borrower on the dates which the Overdraft Facility Bank debits interest on overdrafts in accordance with the terms of the Overdraft Facility Letter and on the date on which the Overdraft Facility becomes repayable in accordance with the terms of the Overdraft Facility Letter.

• In the event of any inconsistency between the terms of this Agreement and the Overdraft Facility Letter in relation to the Overdraft Facility, the terms of the Overdraft Facility Letter shall prevail.

• On each date on which any sum is due from the Borrower to the Overdraft Facility Bank in respect of the Overdraft Facility, the Borrower shall make that sum available to the Overdraft Facility Bank so as to be received by the Overdraft Facility Bank in Sterling and in immediately available cleared funds in accordance with the terms of the Overdraft Facility Letter.

• In the event the Other Currency requested or elected by a requesting Borrower to be continued is not available to an Other Currency Lender, then an Other Currency Lender shall, in the case of Other Currency Advances (other than Other Currency Overdraft Advances), notify such Borrower no later than the date of the proposed Other Currency Borrowing and, in the case of Other Currency Overdraft Advances, pursuant to the terms of the Other Currency Overdraft Facility Letter.

• In the event the Other Currency requested or elected by a requesting Borrower to be continued is not available to the Other Currency Lender, then the Other Currency Lender shall, in the case of Other Currency Advances (other than Other Currency Overdraft Advances), notify such Borrower no later than the date of the proposed Other Currency Borrowing and, in the case of Other Currency Overdraft Advances, pursuant to the terms of the Other Currency Overdraft Facility Letter.

More Definitions of Overdraft Facility Letter

Overdraft Facility Letter means the overdraft facility letter dated 10th August 2000 from the Overdraft Bank to the Parent and others as amended, supplemented, restated or novated from time to time;

Overdraft Facility Letter means the letter dated on or about today's date under which an overdraft facility in an amount of L2,750,000 is to be made available to the Borrower by the Bank.

Overdraft Facility Letter means the letter agreement entered into on 28 June 2024, pursuant to which the Original Lender makes an unsecured overdraft facility in an aggregate principal amount of ZAR500,000,000 (five hundred million Rand) available to the Borrower; 1.1.79. "Party" means a party to this Agreement; 1.1.80. "Permitted Acquisition" means: 1.

Overdraft Facility Letter means the letter between the Borrower and the Overdraft Facility Bank dated 2 September 1997 relating to the Overdraft Facility

Overdraft Facility Letter means the facility letter dated 7 August 2001 (as amended or extended or replaced from time to time) from the Bank to the Borrowers providing for an overdraft facility of up to £1,000,000;