Draw Certificate definition

Draw Certificate means, with respect to each draw under the Bonds, a certificate of the Company, approved by the Owners of all of the Bonds, such approval to be evidenced by their execution thereof, in substantially the form attached to the Indenture as Exhibit C.

Draw Certificate means that certain schedule, updated from time to time and signed by Lender and Payor, evidencing the initial amount funded by Lender and the amount funded under each subsequent draw (if any), as well as any repayments of principal or interest that have occurred subsequent to the initial funding hereunder.

Draw Certificate means the City’s certificate requesting a Draw, which shall be in substantially the form attached hereto as Exhibit A.

Examples of Draw Certificate in a sentence

• In clarification, we agree to honor the Draw Certificate as specified in the preceding sentences, without regard to the truth or falsity of the assertions made therein.

• We hereby agree to honor a drawing hereunder made in compliance with this Letter of Credit by transferring in immediately available funds the amount specified in the Draft delivered to us in connection with such drawing to such account at such bank in the United States as you may specify in your Draw Certificate.

• If the Draw Certificate is presented to us at such address by 12:00 noon, [] time on any Business Day, payment will be made not later than our close of business on third succeeding business day and if such Draw Certificate is so presented to us after 12:00 noon, [ _] time on any Business Day, payment will be made on the fourth succeeding Business Day.

• Developer shall present to City a Draw Certificate for payment by City, which Draw Certificate shall seek repayment of Developer Reimbursable Project Costs that have been previously certified by City pursuant to a Certification Application.

• Disbursement to Developer of sufficient proceeds from the Special Allocation Fund, to the extent such funds are available in the Special Allocation Fund, to pay on the Draw Certificate shall be made within ten (10) business days after the Draw Certificate is submitted; provided, however, that the Developer shall allow five (5) business days grace period prior to pursuing any action to enforce a disbursement.

More Definitions of Draw Certificate

Draw Certificate means the Certificate to be executed in connection with each Draw as required by Section 10(G) hereof, the form of which is attached as Exhibit B.

Draw Certificate means the certificate to be executed in connection with each Draw as required by Section 10(F) hereof, the form of which is attached hereto as Exhibit B.

Draw Certificate has the meaning given thereto in Section 6. “Event of Default” has the meaning given thereto in Section 22. “Facility Amount” has the meaning given thereto in Section 6.

Draw Certificate has the meaning set forth in Section 2.03.

Draw Certificate has the meaning specified in Section 7.5.

Draw Certificate means a certificate in the form of Exhibit 3.2 hereto, to be provided by the Borrower to the Agent and each of the Banks pursuant to Section 3.2 hereof in order to request that each Bank make a Revolving Loan or the Agent issue a Letter of Credit pursuant to the terms of this Agreement.

Draw Certificate means a certificate required to be presented in connection with any withdrawal from the Operating Account, substantially in the form annexed hereto as Exhibit D.