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.
Overdraft means any payment or transfer of funds on behalf of a Fund or series of a Fund for which there are, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of such Fund or series thereof.
Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.
Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.
Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time.
Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).
Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.
Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).
Permitted Overadvance means an Overadvance made by the Agent, in its discretion, which:
Loan Disbursement Handbook means ADB’s Loan Disbursement Handbook (2012, as amended from time to time);
Facility Letter of Credit means a Letter of Credit issued by the Issuer pursuant to Section 2.2.
Swingline Facility means the swingline facility established pursuant to Section 2.2.
Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.
Financial Letter of Credit means any Letter of Credit other than a Performance Letter of Credit.
Construction Lender means a person who makes a construction loan.
Borrower’s Account shall have the meaning set forth in Section 2.8.
Letter of Credit Liabilities means, at any time and in respect of all Letters of Credit, the sum of (a) the aggregate amount available to be drawn under all such Letters of Credit plus (b) the aggregate unpaid amount of all Reimbursement Obligations then due and payable in respect of previous drawings under such Letters of Credit.
Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.
Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.
Facility Account means the account of Seller at Bank One, Account ---------------- No. 10-36987.
Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.
Letter of Credit Liability means the sum of (x) aggregate amount of the undrawn stated amount of all outstanding Letters of Credit plus (y) the amount drawn under Letters of Credit for which the Letter of Credit Issuer and the Lenders, or any one or more of them, have not yet received payment or reimbursement (in the form of a conversion of such liability to Loans, or otherwise) as required pursuant to Section 2.8.
Disbursement is defined in Section 2.6.2.
LOC means the entity awarded the Championships and entering into this Agreement, having executed the Attached Bid.
Cash Management Account has the meaning set forth in Section 2.7(a).
Lender’s Account means the account identified in Schedule L-1.