Overdraft Letter definition

Overdraft Letter means the overdraft facility letter between Lloyds TSB Bank plc and the Account Party dated on or about the date of this agreement, as amended, supplemented or extended from time to time, which documents the terms and conditions of a £2,000,000 overdraft facility made available to the Account Party;
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Overdraft Letter means the overdraft letter setting out the terms of the Overdraft Facility and incorporating the General Business Conditions (Allgemeine Geschaftsbedingungen) of Chase Manhattan Bank AG (as amended or varied from time to time in accordance with Clause 6.5 (Overdraft Facility)) entered into on or about the date hereof between the Overdraft Bank and the Borrower in respect of the Overdraft Facility;
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Examples of Overdraft Letter in a sentence

  • FACILITY The Overdraft Bank hereby grants to the Borrower upon the terms and subject to the conditions of the Overdraft Letter and this Agreement, a denominated euro overdraft facility in an aggregate amount of EUR 15,000,000.

Related to Overdraft 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.

  • 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.

  • 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.

  • Facility Letter means, in relation to any Facilities, such facility letters from Citibank to me or any agreement, document or instrument or arrangement from time to time made between Citibank and me relating to such Facilities, whether they are expressed to be subject to the Terms or otherwise.

  • 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.