Overdraft Limits Sample Clauses

Overdraft Limits. We will strive to pay overdrafts based on your relationship with Rivermark including the age of your account, frequency and amount of deposits and other related account information. Your limits may also be impacted by changes to your deposit and/or overdraft repayment patterns.
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Overdraft Limits. Trailhead utilizes intelligent dynamic overdraft limits which means that your overdraft limit may change as fre- quently as daily. You understand that your overdraft limit may be higher or lower than the previous fixed limit. Your overdraft limit may be reduced to $0 at our discretion, which may result in transactions being returned unpaid to merchants and other third parties.
Sample 1
Overdraft Limits. 6.8 Without prejudice to the Borrowers' obligations under clause 5.3 (Completion of a Utilisation Request for Ancillary Facilities), 5.7 (Overdraft requests) and 7.2 (Repayment of Overdraft Facilities), each Facility C Lender agrees with the other Finance Parties that it shall not allow a utilisation under an Overdraft Facility with a Borrower the amount of which, when aggregated with all other utilisations under Overdraft Facilities by any of the Borrowers with that Facility C Lender (the Facility C Lender's Overdraft Exposure), exceeds 50% of that Facility C Lender's Facility C Proposed Participation. The Finance Parties acknowledge however that a Facility C Lender's Overdraft Exposure may exceed 50% of its Facility C Proposed Participation by operation of clause 6.11 (Payments under Multi-Party TPA Agreements).
Sample 1

Related to Overdraft Limits

  • Overdraft In the event that the Custodian is directed by Proper Instructions to make any payment or transfer of funds on behalf of a Fund for which there would be, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of such Fund, the Custodian may, in its discretion, provide an overdraft ("Overdraft") to the Fund (such Fund being referred to herein as an "Overdraft Fund"), in an amount sufficient to allow the completion of such payment or transfer. Any Overdraft provided hereunder: (a) shall be payable on the next Business Day, unless otherwise agreed by the Overdraft Fund and the Custodian; and (b) shall accrue interest from the date of the Overdraft to the date of payment in full by the Overdraft Fund at a rate agreed upon in writing, from time to time, by the Custodian and the Overdraft Fund. The Custodian and the Funds acknowledge that the purpose of such Overdrafts is to temporarily finance the purchase or sale of securities for prompt delivery in accordance with the terms hereof. The Custodian hereby agrees to notify each Overdraft Fund by 3:00 p.m., New York time, of the amount of any Overdraft. Provided that Custodian has given the notice required by this subparagraph (f), the Funds hereby agree that, as security for the Overdraft of an Overdraft Fund, the Custodian shall have a continuing lien and security interest in and to all interest of such Overdraft Fund in Securities whose purchase is financed by Custodian and which are in Custodian's possession or in the possession or control of any third party acting on Custodian's behalf and the proceeds thereof. In this regard, Custodian shall be entitled to all the rights and remedies of a pledgee under common law and a secured party under the New York Uniform Commercial Code and any other applicable laws or regulations as then in effect."

  • Overdrafts The Trust is responsible for maintaining an appropriate level of short term cash investments to accommodate cash outflows. The Trust may obtain a formal line of credit for potential overdrafts of its custody account. In the event of an overdraft or in the event the line of credit is insufficient to cover an overdraft, the overdraft amount or the overdraft amount that exceeds the line of credit will be charged in accordance with the fee schedule set forth on Exhibit C hereto (as amended from time to time)

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