Overdraft Line definition

Overdraft Line means Indebtedness with respect to overdraft protections (including, but not limited to, intraday, ACH and purchasing card/T&E services), established for any of the Company and its Subsidiaries’ ordinary course of operations, which Indebtedness may be secured.

Overdraft Line shall have the meaning assigned to such term in Section 4.03(b)(xxx).

Overdraft Line has the meaning set forth in Section 10.02(cc).

Overdraft Line has the meaning specified in Section 8.04(g).

Overdraft Line means Indebtedness with respect to overdraft protections (including, but not limited to, intraday, ACH and purchasing card/T&E services), established for any of the Operating Partnership and its Subsidiaries’ ordinary course of operations, which Indebtedness may be secured.

Overdraft Line shall have the meaning provided in the recitals of this Agreement.

Overdraft Line means Indebtedness with respect to overdraft protections (including, but not limited to, intraday, ACH and purchasing card/T&E services), established for any of the Company and its Subsidiaries’ ordinary course of operations, which Indebtedness may be secured. “Ownership Share” means, with respect to any Subsidiary of a Person (other than a Wholly Owned Subsidiary) or any Joint Venture of a Person, the greater of (a) such Person’s relative nominal direct and indirect ownership interest (expressed as a percentage) in such Subsidiary or Joint Venture or (b) such Person’s relative direct and indirect economic interest (calculated as a percentage) in such Subsidiary or Joint Venture determined in accordance with the applicable provisions of the declaration of trust, articles or certificate of incorporation, articles of organization, partnership agreement, joint venture agreement or other applicable organizational document of such Subsidiary or Joint Venture. “Parent” means Park Hotels & Resorts Inc. and its permitted successors and assigns. “Parent Entity” means Parent, PK Domestic REIT and any other direct or indirect parent of the Company. “Park CMBS Loan Agreement” means that certain Loan Agreement dated October 24, 2016, related to the Hilton Hawaiian Village property, as it may have been or may be amended, restated, supplemented, refinanced or otherwise modified from time to time. “Park Credit Agreement” means that certain ▇▇▇▇▇▇▇ and Restated Credit Agreement, dated as of December 1, 2022 (as amended, restated, supplemented or otherwise modified from time to time), by and among the Company, Parent, PK Domestic LLC, the other Subsidiaries of the Company from time to time party thereto as Subsidiary Borrowers (as defined therein), ▇▇▇▇▇ Fargo Bank, National Association, as administrative agent, and the lenders from time to time party thereto. “Park Loan Documents” means, collectively, (i) the Park Credit Agreement, (ii) any fee letters pursuant to the Park Credit Agreement, (iii) any letter of credit applications and any other document, agreement and instrument entered into by a letter of credit issuer and the Company relating to a letter of credit issued pursuant to the Park Credit Agreement, (iv) the Park CMBS Loan Agreement, (v) the Park Mortgage Facilities and (vi) all guarantees and other documents related to the foregoing, as amended, restated, refunded, renewed, replaced, refinanced, supplemented or otherwise modified from time to time. “Park Mortga...

Overdraft Line means lines of credit or overdraft facilities (including, but not limited to, intraday, ACH and purchasing card/T&E services) extended by one or more financial institutions and (in each case) established for the Issuer’s and the Subsidiaries’ ordinary course of operations. “Pari Passu Indebtedness” means: (a) with respect to the Issuer, the Notes and any Indebtedness which ranks pari passu in right of payment to the Notes; and (b) with respect to any Subsidiary Guarantor, its Subsidiary Guarantee and any Indebtedness which ranks pari passu in right of payment to such Subsidiary Guarantor’s Subsidiary Guarantee. “Permitted Holders” means, at any time, each of (i) Cyrus Capital Partners, L.P., Monarch Alternative Capital LP, GoldenTree Asset Management, GSO Capital Partners, Brigade Capital Management, Davidson Kempner Capital Management LP, ▇▇▇▇▇▇, ▇▇▇▇▇▇ & Company L.P., Aegon Asset Management, Benefit Street Partners and their respective Affiliates (but excluding any private equity investment fund Affiliate thereof that is primarily a private equity fund), (ii) the Management Group, (iii) any Person that has no material assets other than the Capital Stock of the Issuer, any direct or indirect parent of the Issuer and other Permitted Holders and, directly or indirectly, holds or acquires 100% of the total voting power of the Voting Stock of the Issuer, and of which no other Person or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision), other than any of the other Permitted Holders, holds more than 50% of the total voting power of the Voting Stock thereof, and any New Parent and its subsidiaries, (iv) any Person who is acting solely as an underwriter in connection with a public or private offering of Equity Interests of the Issuer or any of its direct or indirect parent companies, acting in such capacity, and (v) any group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision) the members of which include any of the Permitted Holders specified in clauses (i), (ii), (iii) and (iv) above and that, directly or indirectly, hold or acquire beneficial ownership of the Voting Stock of the Issuer (a “Permitted Holder Group”), so long as (1) each member of the Permitted Holder Group has voting rights proportional to the percentage of ownership interests held or acquired by such member (or more favorable voting rights, in the case of any Permitted Holde...

Overdraft Line means that certain discretionary overdraft line the -------------- Borrower maintains with Bank of America.