Temporary Overdraft Facility definition

Temporary Overdraft Facility means the temporary overdraft facility granted under the Letter of Offer;
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Temporary Overdraft Facility means the additional group multi-currency facility/account credit made available under this Agreement as described in Clause 2.2; Business Day means a day (other than a Saturday or Sunday) on which banks are open for general business in Stockholm; EBITDA means, in relation to any period, the consolidated operating profit of the Group for such period before any of the following items and without double-counting: (a) before any deduction of corporate tax or other taxes on income gains; (b) before any deduction for interest payable and interest in respect of subordinated debt; (c) after deducting (to the extent otherwise included) interest receivable; (d) after deducting (to the extent otherwise included) the amount of profit (or adding back the amount of loss) of any Group Company (other than the Company) which is attributable to any third party (other than a Group Company) which is a shareholder in that Group Company; (e) after adding back or deducting, as the case may be, the amount of any loss or gain against book value arising on a disposal of any asset (other than stock disposed of in the ordinary course of trading), to the extent included in arriving at EBITDA; (f) before deducting amortisation of any goodwill or any intangible assets; (g) before deducting all depreciation whatsoever; (h) after adding back or deducting, as the case may be, any unrealized loss or gain due to exchange rate movements to the extent included in the calculation of EBITDA; (i) excluding any extraordinary and such non-recurring items which, in case of an accumulated amount in excess of SEK 250,000, are approved by the Bank (acting reasonably); and (j) after adding interest income generated from the customer financing business. Event of Default each such event as specified in Clause 11;
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Examples of Temporary Overdraft Facility in a sentence

  • 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.

Related to Temporary Overdraft Facility

  • 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.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Credit Note means a document issued by a registered person under sub-section (1) of section 34;