Draw Notice definition

Draw Notice has the meaning set forth in Section 2.02.

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Draw Notice means a written notice to the LOC Bank setting forth the Letter of Credit Draw that the Company requests from the LOC Bank pursuant to the Letter of Credit and which identifies the Additional Closing Date and which includes the Draw Notice Representation.

Draw Notice has the meaning given to it in Clause 26.15(g).

Examples of Draw Notice in a sentence

• Upon receipt of a Draw Notice by such Borrower, such Borrower shall be irrevocably and unconditionally obligated to reimburse the L/C Issuer for any amounts paid by the L/C Issuer upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind on the second Domestic Business Day following the date of receipt.

• The Borrower shall reimburse the LC Issuer not later than 10:00 a.m. (New York time) on the Business Day following its receipt of a Draw Notice (such next Business Day, the “Reimbursement Date”) in an amount equal to the amount so paid by the LC Issuer.

• The Issuer shall have delivered a Delayed Draw Notice to the Purchasers and Agent at least fifteen (15) Business Days prior to the proposed Delayed Draw Funding Date.

• Each Delayed Draw Notice shall be deemed to be a representation and warranty by the Issuer that the conditions specified in Section 8.2 and Section 8.3 have been satisfied on and as of the date of the applicable Delayed Draw Funding Date.

• Each Delayed Draw Notice shall be irrevocable and shall specify (i) the requested date of the issuance of such Delayed Draw Notes (which shall be a Business Day) (each a “Delayed Draw Funding Date”) and (ii) the principal amount of such Delayed Draw Notes to be issued and purchased.

More Definitions of Draw Notice

Draw Notice means the form of notice, substantially in the form of Exhibit B hereto, from the City to the Bank requesting that the Bank advance funds hereunder.

Draw Notice has the meaning assigned to that term in subsection 3.3B.

Draw Notice means a notice, substantially in the form set forth hereto as Exhibit B, pursuant to which the Borrower requests Draws from the Lenders.

Draw Notice has the meaning set forth in Section 4.10(b).

Draw Notice means a Draw Notice substantially in the form of Exhibit C hereto.

Draw Notice has the meaning specified therefor in Section 2.02(a)(i).

Draw Notice means a written notice from the Company to the Investor that the Company is requesting an Advance under the Note. Each Draw Notice shall set forth the amount of the Advance requested, the date such Advance is requested, which date shall not be earlier than fifteen (15) days after the date the Company delivers the Draw Notice to the Investor, and shall contain a certification by the Company's Chief Executive Officer that (i) the Company has complied with all of the conditions precedent to an Advance as set forth in Sections 3.2(b) and (c), as applicable, and (ii) the Company is in compliance with all of its covenants under this Agreement.