Overdraft Line shall have the meaning assigned to such term in Section 6.01(w).
Overdraft Line means Indebtedness with respect to overdraft protections (including, but not limited to, intraday, ACH and purchasing card/T&E services), established for any of the Company and its Subsidiaries’ ordinary course of operations, which Indebtedness may be secured.
Overdraft Line shall have the meaning assigned to such term in Section 4.03(b)(xxx).
Examples of Overdraft Line in a sentence
If we process the transfer and unless your overdraft protection is provided via an Overdraft Line of Credit, you agree to cover any overdraft amount plus any applicable fees.
You could lose all your money in your account plus your maximum Overdraft Line of Credit.
To figure the Finance Charge on your Business Overdraft Line of Credit, we compute a daily Finance Charge by applying the daily periodic rate to the amount you owe at the end of the day (including new advances and deducting payments and credits made during that day).
If the funds available in your checking account are not sufficient to cover an item presented for payment, an advance will occur from your Business Checking Overdraft Line of Credit.
Use of your Business Overdraft Line of Credit serves as your acceptance of the terms and conditions of this agreement.
More Definitions of Overdraft Line
Overdraft Line has the meaning specified in Section 8.04(g).
Overdraft Line has the meaning set forth in Section 10.02(cc).
Overdraft Line has the meaning assigned to such term in Section 4.03(b)(xxx).
Overdraft Line shall have the meaning provided in the recitals of this Agreement.
Overdraft Line shall have the meaning provided in Section 9.04(o).
Overdraft Line means that certain discretionary overdraft line the Borrower maintains with Fortis in a maximum amount of $30,000,000.
Overdraft Line means lines of credit or overdraft facilities (including, but not limited to, intraday, ACH and purchasing card/T&E services) extended by one or more financial institutions and (in each case) established for the Issuer’s and the Subsidiaries’ ordinary course of operations. “Pari Passu Indebtedness” means: (a) with respect to the Issuer, the Notes and any Indebtedness which ranks pari passu in right of payment to the Notes; and (b) with respect to any Subsidiary Guarantor, its Subsidiary Guarantee and any Indebtedness which ranks pari passu in right of payment to such Subsidiary Guarantor’s Subsidiary Guarantee. “Permitted Holders” means, at any time, each of (i) Cyrus Capital Partners, L.P., Monarch Alternative Capital LP, GoldenTree Asset Management, GSO Capital Partners, Brigade Capital Management, Davidson Kempner Capital Management LP, Xxxxxx, Xxxxxx & Company L.P., Aegon Asset Management, Benefit Street Partners and their respective Affiliates (but excluding any private equity investment fund Affiliate thereof that is primarily a private equity fund), (ii) the Management Group, (iii) any Person that has no material assets other than the Capital Stock of the Issuer, any direct or indirect parent of the Issuer and other Permitted Holders and, directly or indirectly, holds or acquires 100% of the total voting power of the Voting Stock of the Issuer, and of which no other Person or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision), other than any of the other Permitted Holders, holds more than 50% of the total voting power of the Voting Stock thereof, and any New Parent and its subsidiaries, (iv) any Person who is acting solely as an underwriter in connection with a public or private offering of Equity Interests of the Issuer or any of its direct or indirect parent companies, acting in such capacity, and (v) any group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision) the members of which include any of the Permitted Holders specified in clauses (i), (ii), (iii) and (iv) above and that, directly or indirectly, hold or acquire beneficial ownership of the Voting Stock of the Issuer (a “Permitted Holder Group”), so long as (1) each member of the Permitted Holder Group has voting rights proportional to the percentage of ownership interests held or acquired by such member (or more favorable voting rights, in the case of any Permitted Holde...