Overdraft Loans definition

Overdraft Loans has the meaning set out in Section 2.2.

Overdraft Loans means unsecured overdraft advances, including negotiable order of withdrawal line of credit accounts, relating to the Assumed Deposits, as of the Close of Business, plus accrued interest, which do not exceed the applicable credit limit for such Assumed Deposit by more than 10% of that limit and that are linked to an open Deposit account.

Overdraft Loans and "Over Advances") (as each such term is defined in each Other Loan Agreement) is less than or equal to $5,400,000, such portion of the outstanding principal balance of the Revolving Loans shall bear interest to maturity at the Reference Rate in effect from time to time plus one and one-half percent (1.5%) per annum, and

Examples of Overdraft Loans in a sentence

• Overdraft Loans and Over Advances shall bear interest at the rate(s) determined pursuant to Section 2.7 or Section 2.8 of the Credit Agreement, as applicable.

• The Obligations of the Floor Plan Borrowers under this Agreement and any of the other Loan Documents to reimburse the Floor Plan Agent for Drafts presented by a Manufacturer under a Drafting Agreement and to repay any Swing Line Loans, the Floor Plan Loans or the Swing Line Overdraft Loans, as the case may be, funded to pay a Draft shall be unconditional and irrevocable.

• For certainty, notwithstanding Section 4.1, no Drawdown Notice need be delivered by the Borrower in respect of Overdraft Loans.

• Subject to the terms and conditions of this Agreement, including Sections 2.1 and 5.7 hereof, a Floor Plan Borrower may prepay, in whole or in part, from time to time, outstanding Floor Plan Loans, Swing Line Loans or Swing Line Overdraft Loans and may reborrow Floor Plan Loans and Swing Line Loans.

• The foregoing power of attorney shall be coupled with an interest, and shall be irrevocable so long as this Agreement remains in effect, any Drafting Agreement remains in effect or any Obligations (including Letter of Credit Obligations and Swing Line Overdraft Loans) remain outstanding under this Agreement or any of the Notes.

More Definitions of Overdraft Loans

Overdraft Loans means unsecured overdraft loans, including negotiable order of withdrawal line of credit accounts, relating to the Deposits, as of the close of business on the Closing Date, plus accrued interest, which do not exceed the applicable credit limit and are linked to any open account and are not sixty (60) or more days delinquent as of the Closing Date.

Overdraft Loans as defined in Section 2.1(c) and including any Backdated Overdraft Loans.

Overdraft Loans means all overdraft balances on Deposits made pursuant to a written credit agreement between Seller and the account party.

Overdraft Loans means loans made by way of creating or increasing overdrafts in a Borrower’s Account.

Overdraft Loans means the amount outstanding under the Overadvance Availability.

Overdraft Loans immediately after the words "Term Loan" on the first line thereof.

Overdraft Loans is defined in SECTION 2.01(c)(i).