overdraft facility limit definition

overdraft facility limit means the credit limit or facility limit applicable to any overdraft facility.
overdraft facility limit means an amount of up to Fifty million Dollars ($50,000,000) or such other sum as may be approved in writing by the Bank in its absolute discretion, as such amount may be reduced or cancelled by any relevant term of this Agreement;
overdraft facility limit means the Overdraft Facility Limit set out in the Supplemental Overdraft Facility Letter.

More Definitions of overdraft facility limit

overdraft facility limit means the maximum credit limit as stipulated in the Quotation.

Related to overdraft facility limit

  • 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 Limit means, $175,000,000, as reduced or increased from time to time pursuant to the terms hereof. References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the Aggregate Capital at such time.

  • 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 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.