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;
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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;
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Examples of Overdraft Facility Letter in a sentence

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

  • During the three months ended March 31, 2013, the Company has incurred legal fees of $207,000 from a law firm of which a director of the Company is a partner.

  • For Exception Fees 53 and 54, the applicable provisions included the two provisions extracted at [84]-[85] above as well as the terms of an Overdraft Facility Letter of Offer for $10,000 dated 28 April 2011 (para 20 of Annexure 2) which stated: A fee is charged if the balance of your Overdraft facility exceeds $50 or will exceed $50 after a requested debit has been processed.

  • However, that an incorrect line in the November 2016 Fact Sheet suggested that EPA had performed the risk assessment -- as opposed to having overseen its performance -- was unfortunate but not, in the Region’s view, a basis to require it either re-propose the draft Permit or deny the Permit application.

  • The Bank shall be entitled (but shall not be obliged) to terminate the Account and/or claw back/ recover all Monthly Interests already paid/credited to the Designated Account in the event of breach of any provision of these terms and conditions and/or the Secured Overdraft Facility Letter by the Customer and/or Early Redemption.

  • 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.

  • DS/NT/s2.1 Dear Sirs, Business Overdraft Facility Letter Barclays Bank PLC (the “Bank”) agrees to provide Cash America International Inc (the “Borrower”) with an Overdraft Facility (the “Facility”) subject to the terms and conditions stated below.

  • 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;
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Overdraft Facility Letter means the letter dated 10 August 1998 under which an overdraft facility in an amount of L2,750,000 is to be made available to the Borrower by the Bank;
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Overdraft Facility Letter means the letter between the Borrower and the Overdraft Facility Bank dated 2 September 1997 relating to the Overdraft Facility
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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;
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Related to Overdraft Facility Letter

  • Overdraft Facility or ‘Facility’ means an authorised debit balance that may be offered to you at our discretion from time to time allowing your Account to go overdrawn up to an agreed Overdraft Limit.

  • Facility Letter means the facility letter and the other letters of offer or other letters which may from time to time be issued by the Bank to the Borrower in relation to the Facilities.

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

  • Facility Letter of Credit means a Letter of Credit issued by an Issuer pursuant to Section 2.15.

  • Overdraft means any payment or transfer of funds on behalf of a Fund or series of a Fund for which there are, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of such Fund or series thereof.

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of January 1, 2007, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Credit Line Agreement means the related credit line account agreement for a Mortgage Loan executed by the related mortgagor and any amendment or modification of it.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time.

  • Facility Agreements means the agreements of that name between the Issuer and different

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof or any Agent or affiliate thereof, which has been designated by such Lender and the Borrower, by notice to the Administrative Agent not later than 90 days after the execution and delivery by the Borrower or such Guarantor, as a “Specified Cash Management Agreement”.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Borrower Credit Agreement Obligations the collective reference to the unpaid principal of and interest on the Loans and Reimbursement Obligations and all other obligations and liabilities of the Borrower (including, without limitation, interest accruing at the then applicable rate provided in the Credit Agreement after the maturity of the Loans and Reimbursement Obligations and interest accruing at the then applicable rate provided in the Credit Agreement after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) to the Administrative Agent or any Lender, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, this Agreement, or the other Loan Documents, or any Letter of Credit, or any other document made, delivered or given in connection therewith, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by the Borrower pursuant to the terms of any of the foregoing agreements).

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Local Facility Agreements means any agreement under which a Local Facility is made available.

  • Credit Facility Agent means the then acting Agent as defined in and under the Credit Facility or any successor thereto.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Interest Rate or Currency Protection Agreement of any Person means any forward contract, futures contract, swap, option or other financial agreement or arrangement (including caps, floors, collars and similar agreements) relating to, or the value of which is dependent upon, interest rates or currency exchange rates or indices.

  • Cash Management Obligations means (a) obligations in respect of any treasury management services, overdraft and related liabilities arising from treasury, depository, cash pooling arrangements and cash management services or any automated clearing house transfers of funds and (b) other obligations in respect of netting services, employee credit, commercial credit card, debit card, stored value card or purchase card programs and similar arrangements.

  • Credit Agreement Obligations means the “Obligations” as defined in the Credit Agreement.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Credit Facility Documents means the collective reference to any Credit Facility, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.