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<br />e <br /> <br />e <br /> <br />VI. OVERDRAFTS <br /> <br />A. The City does not intend to have a net overdraft position through- <br /> <br />out the course of the contract. An overdraft is defined as a <br /> <br />negative demand balance in the City accounts col1ectively, not <br /> <br />by individual account. <br /> <br />B. Should an overdraft occur in the aggregate, the following stipula- <br />tions shall apply: <br /> <br />1. The maximum number of days the net overdraft will be allowed <br />is <br /> <br />2. The maximum amount of the overdraft to be allowed will be <br /> <br />$ <br /> <br />3. The interest rate will be <br />on an actual day basis. <br /> <br />per annum computed <br /> <br />-15- <br />