Reimbursements of Amounts Drawn. (a) At or before 11:00 a.m. (Toronto time) on the date specified by a Beneficiary as a drawing date under a Documentary Credit, the Borrower shall pay to the Documentary Credit Lender an amount in same day funds equal to the amount to be drawn by the Beneficiary under the Documentary Credit.
Appears in 5 contracts
Samples: Assignment and Assumption (Midamerican Funding LLC), Midamerican Energy Co, Assignment and Assumption (Midamerican Funding LLC)
Reimbursements of Amounts Drawn. (a) At or before 11:00 a.m. (Toronto time) on the date specified by a Beneficiary as a drawing date under a Documentary Credit, the Borrower shall pay to the Documentary Credit Lender Lender, in the same currency, an amount in same day funds equal to the amount to be drawn by the Beneficiary under the Documentary Credit.
Appears in 1 contract
Reimbursements of Amounts Drawn. (a) At or before 11:00 11 :00 a.m. (Toronto time) on the date specified by a Beneficiary as a drawing date under a Documentary Credit, the Borrower shall pay to the Documentary Credit Lender an amount in same day funds equal to the amount to be drawn by the Beneficiary under the Documentary Credit.
Appears in 1 contract
