Examples of Bond Purchase Drawing in a sentence
Unless otherwise directed by Required Revolver Lenders, the applicable L/C Issuer shall then deliver notice to the applicable Trustee prior to the fifth Business Day after any such Bond Purchase Drawing that the amount of such drawing will not be reinstated.
Unless otherwise directed by U.S. Required Lenders, the applicable U.S. L/C Issuer shall then deliver notice to the applicable Trustee prior to the fifth Business Day after the applicable Bond Purchase Drawing that the amount of such drawing will not be reinstated, if the applicable Bond Documents permit such notice; otherwise, the U.S. L/C Issuer may send notice of an event of default and a direction to cause a redemption of the applicable Bonds.
Unless otherwise directed by Required Lenders, the applicable L/C Issuer shall then deliver notice to the applicable Trustee prior to the fifth Business Day after any such Bond Purchase Drawing that the amount of such drawing will not be reinstated.
Unless otherwise directed by U.S. Required Lenders, the applicable U.S. L/C Issuer shall then deliver notice to the applicable Trustee prior to the fifth (5th) Business Day after the applicable Bond Purchase Drawing that the amount of such drawing will not be reinstated, if the applicable Bond Documents permit such notice; otherwise, the U.S. L/C Issuer may send notice of an event of default and a direction to cause a redemption of the applicable Bonds.
Upon receipt by us or by the Trustee as our agent of Bonds pledged in connection with any Bond Purchase Drawing pursuant to Section 4.1 or 4.2 of the Indenture, the Stated Amount shall be automatically and irrevocably reinstated by the amount of such Bond Purchase Drawing, and we will send you written notice confirming such receipt and reinstatement.
Provided, however, if a drawing is a Bond Purchase Drawing, and is made by 11:00 a.m., New York City time, on a Business Day, and conforms to the terms and conditions hereof, we shall pay you the amount specified, in immediately available funds, not later than 2:00 p.m. on the same Business Day.
Upon receipt by us or our agent of Bonds pledged in connection with any Bond Purchase Drawing pursuant to the Pledge and Security Agreement, the Stated Amount shall be automatically and irrevocably reinstated by the amount of such Bond Purchase Drawing.