Drawing Amount definition

Drawing Amount means, with respect to any DSR Letter of Credit, as of any date of determination, the amount available to be drawn thereunder as of such date.

Drawing Amount means, at any time, an amount equal to the lesser of the (x) Adjusted Stated Limit and (y) the amount by which the Chargebacks and other due fees intended to be collateralized by the Reserve Account then owing by SAI under the Bankcard Agreement (excluding any Chargebacks and other amounts for which a Drawing has been previously made under the Letter of Credit) exceeds the sum of (i) cash on deposit in the Reserve Account at the time of such demand plus (y) the available amount under any other guaranty, letter of credit or other collateral provided by SAI as collateral for its obligations under the Bankcard Agreement.

Drawing Amount means the maximum aggregate amount that the beneficiaries may at any time draw under outstanding Letters of Credit, as such aggregate amount may be reduced from time to time pursuant to the terms of the Letters of Credit.

Examples of Drawing Amount in a sentence

• The applicable rate per annum on the Maximum Drawing Amount shall be as set forth in the Pricing Table.

• Each such Syndicated Loan Request shall reflect the Maximum Drawing Amount of all Letters of Credit outstanding and the amount of all Loans outstanding (including Competitive Bid Loans and Swing Line Loans).

• At any time, the sum of (a) the aggregate Maximum Drawing Amount of all outstanding Letters of Credit at such time plus (b) the aggregate amount of all Unpaid Reimbursement Obligations at such time.

• If Bank of America resigns as Issuing Bank, it shall retain all the rights and obligations of the Issuing Bank hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as Issuing Bank and all Unpaid Reimbursement Obligations plus the Maximum Drawing Amount with respect thereto (including the right to require the Lenders to make Base Rate Loans or make payments with respect to Reimbursement Obligations).

• As of any date, the sum of the Maximum Drawing Amount as of such date and all Unpaid Reimbursement Obligations as of such date.

More Definitions of Drawing Amount

Drawing Amount means, with respect to any Reserve Account Credit Support or Cash Management Collateral as of any date, the amount available to be drawn under such Reserve Account Credit Support or Cash Management Collateral as of such date.

Drawing Amount has the meaning specified in [Clause 4.1];

Drawing Amount means, with respect to each Letter of Credit at the time in question, the maximum amount which Agent would be called upon to advance under such Letter of Credit if such Letter of Credit were then drawn upon in full. If any Letter of Credit provides that the amount which may be drawn upon thereunder shall increase or decrease according to a schedule set forth therein, the Drawing Amount for such Letter of Credit shall increase or decrease in accordance with such schedule.

Drawing Amount shall have the meaning specified in Section 2.06(c) -------------- hereof.

Drawing Amount has the meaning given in Section 2.1(d).

Drawing Amount. Means the maximum aggregate amount that the beneficiaries may at any time draw under outstanding Letters of Credit, as such aggregate amount may be reduced from time to time pursuant to the terms of the Letters of Credit. Effective Date. Means the date on which the initial Loans are made hereunder. Eligible Assignee. Means (a) a Lender; (b) an Affiliate of the Lender; (c) an Approved Fund; and (d) any other Person (other than a natural person) approved by (i) the Administrative Agent and the Issuing Bank; and (ii) the Borrowers (such approval not to be unreasonably withheld or delayed); provided that the Borrowers approval shall not be required if an Event of Default has occurred and is continuing. “Eligible Assignee” shall not include any of the Borrowers or any of the Borrowers’ Affiliates or Subsidiaries.

Drawing Amount as of the date of determination with respect to a DSR Letter of Credit, the maximum amount that could then be drawn under such DSR Letter of Credit. “Drawstop Equity Contribution”: an equity contribution made by the Borrower at any time on or after the Closing Date; provided that (x) at the time of such equity contribution one or more conditions precedent required by any of Section 4.2 or 4.3 shall not be satisfied and (y) the proceeds of such equity contribution are applied to pay Project Costs.