Maximum Overdraft Limit definition

Maximum Overdraft Limit means the maximum limit granted by the Borrower to the Borrower under the Overdraft Facility as more particularly mentioned in Item No.V of Schedule A hereto.
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Examples of Maximum Overdraft Limit in a sentence

  • For the first year of the Overdraft Facility, the Operating Limit shall be equal to the Maximum Overdraft Limit.

  • The Bank may, at the request of the Borrower, in its absolute discretion, increase the Maximum Overdraft Limit and/ or, as the case may be, the Operating Limit subject to such additional terms and conditions as the Bank may deem fit including, without limitation, reappraisal of the Borrower’s credit.

  • The said Maximum Overdraft Limit is the maximum limits that the Bank may allocate to the Borrower and would be subject to such further lower operating limits (“Operating Limits”) that the Bank may from time to time stipulate.

  • The Bank shall not be liable to lend to the Borrower beyond the Maximum Overdraft Limit, honour any cheques, allow any cash withdrawals (other than withdrawal in respect of the Facility subject to the terms of the Transaction Documents) or meet any further requirements of the Borrower on account of growth in business or otherwise.

  • In such event/s the Maximum Overdraft Limit and/ or, as the case may be, the Operating Limit available to the Borrower and/or the Co-Borrower/s shall be readjusted by the Bank in a manner as may be determined by the Bank in its sole discretion and intimated to the Borrower in writing.

  • The said Maximum Overdraft Limit is the maximum limits that the Bank may allocate to the Borrower and/or the Co-Borrower/s and would be subject to such further lower operating limits (“Operating Limits”) that the Bank may from time to time stipulate.

  • In such event/s the Maximum Overdraft Limit and/ or, as the case may be, the Operating Limit available to the Borrower and/or the Co-Borrower/s shall be readjusted by the Bank in a manner as may be determined by the Bank in its sole discretion and intimated to the Borrower and/or the Co-Borrower/s in writing.

  • The Bank may, at the request of the Borrower, in its absolute discretion, increase the Maximum Overdraft Limit and/ or, as the case may be, the Operating Limit subject to such additional terms and conditions as the Bank may deem fit including, without limitation, reappraisal of the Borrower's credit.

  • Provided that if the Borrower has chosen the option indicated at Item No. IX of Schedule A hereto, then in such an event the aforesaid process of review would not apply and the Bank shall be entitled to review the Maximum Overdraft Limit and the Operating Limit annually in its sole and exclusive discretion.

  • The said Maximum Overdraft Limit is the maximum limits that the Bank may allocate to the Borrower and would be subject to such further lower operating limits ("Operating Limits") that the Bank may from time to time stipulate.

Related to Maximum Overdraft Limit

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Facility Limit means, $175,000,000, as reduced or increased from time to time pursuant to the terms hereof. References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the Aggregate Capital at such time.

  • Maximum Swingline Amount means $5,000,000.

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

  • Facility Usage means, at the time in question, the aggregate amount of outstanding Loans and LC Obligations at such time.