Overdraft Outstanding definition

Overdraft Outstanding means, at any time, any amount outstanding in overdraft on any Overdraft Account under an Overdraft Facility;
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Overdraft Outstanding means the sum of the outstanding overdraft amounts advanced pursuant to the Overdraft Facility in U.S Dollars, or a U.S. Dollar Equivalent as calculated on the date such an amount is advanced, combined with the accumulated interest on such amounts.
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Examples of Overdraft Outstanding in a sentence

  • On the last day of each Interest Period the relevant Borrower shall pay accrued interest on the Advance and an Overdraft Outstanding Amounts which that Interest Period relates.

  • Subject to the terms and conditions set forth herein, each Lender agrees to make Revolving Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment or (b) the sum of (i) the total Revolving Credit Exposures and (ii) the Overdraft Outstanding exceeding the total Commitments.

  • Any payment of accrued interest in relation to any Overdraft Outstanding Amount may be paid by causing or increasing a negative balance in the relevant Overdraft Account, without a need to file an Overdraft Instruction (but always subject to Available Facility).

  • Facility B and Facility C are renewable and may be utilised repeatedly during the entire Availability Period for the relevant Facility, so that each receipt of funds in the relevant Overdraft Account causes partial or complete repayment of the relevant Overdraft Outstanding Amount, and as a consequence the relevant Available Facility is renewed accordingly in whole or in part.