Temporary Overdraft definition
Examples of Temporary Overdraft in a sentence
We are only liable to refund interest paid by you up to an amount equivalent to the Temporary Overdraft Interest Rate.
The Bank may however, at its own discretion, allow drawings beyond the Drawing Power, including ad hoc / temporary facilities and/or Temporary Overdraft Facilities (“▇▇▇”), for such time as may be considered necessary and shall at any time without notice call upon the Borrower to repay such excess drawings.
The Bank may however, at its own discretion, allow drawings beyond the Drawing Power, including ad hoc/ temporary facilities and/or Temporary Overdraft Facilities (“▇▇▇”), for such time as may be considered necessary and shall at any time without notice call upon the Borrower to repay such excess drawings.
If part of the prepaid Commitment Fee pertains to a period after which the Additional Temporary Overdraft Facility has been made available, that prepaid part of the Commitment Fee shall be credited to the Borrower by offsetting against other margins or fees that the Borrower shall pay under this Agreement.
The Facility Fee shall be paid the first time on the first day of the Facility Period, and shall be calculated on the total amount of the Overdraft Facility and, when made available to the Borrower, the Additional Temporary Overdraft Facility, as available on the date the Facility Fee falls due.
For the time during which the Borrower has not yet requested the Additional Temporary Overdraft Facility to be made available by the Bank, the Borrower shall pay to the Bank in advance on the first day of the Facility Period and thereafter yearly in advance a Commitment Fee of 0.15 per cent on the amount of the Additional Temporary Overdraft Facility.