Drawing Certificate definition

Drawing Certificate means a certificate of the Tranche A-5 Term Loan Lender certifying that (i) an amount equal to the proposed Tranche A-5 Term Loan Borrowing has been drawn under the [***] Letter of Credit and (ii) the Borrower has reimbursement obligations due to the Tranche A-5 Term Loan Lender in such amount.
Drawing Certificate means any certificate or other document presented in connection with a drawing under a Letter of Credit.
Drawing Certificate means, a certificate of a duly authorized officer of the Servicer that:

Examples of Drawing Certificate in a sentence

  • The original of this Letter of Credit (and all amendments, if any) is not required to be presented in connection with any presentment of a Drawing Certificate by Beneficiary hereunder in order to receive payment.

  • All payments made under this Letter of Credit shall be made with Issuer’s own immediately available funds by means of wire transfer in immediately available United States dollars to Beneficiary’s account as indicated by Beneficiary in its Drawing Certificate or in a communication accompanying its Drawing Certificate.

  • Irrespective of any other provision of this paragraph, if we receive a Drawing Certificate from you within the last 30 calendar days of any current term, the current term shall be extended automatically for a period of thirty (30) calendar days.

  • The Administrative Agent shall not be responsible for or have any duty to request any [***] Drawing Certificate or ascertain or inquire into any [***] Drawing Certificate or the contents of any [***] Drawing Certificate.

  • The Drawing Certificate may be presented by (a) physical delivery, (b) as a PDF attachment to an e-mail to [bank email address] or (c) facsimile to [bank fax number [XXX-XXX-XXXX]] confirmed by [e-mail to [bank email address]].


More Definitions of Drawing Certificate

Drawing Certificate. The undersigned, duly Authorized Officer of the Xxxxx County Airport Authority ("Airport Authority"), hereby certifies to [Issuer] (the "Bank"), with reference to [Issuer] Irrevocable Letter of Credit No. (the "Letter of Credit") (any capitalized term used herein with out definition shall have the meaning specified in the Letter of Credit), that the Airport Authority is making a drawing under the Letter of Credit in the amount of $ , which represents amounts required by to be maintained under Section __ of the Agreement, which is in effect as of the date hereof, and the Letter of Credit is scheduled to expire within thirty (30) days from the date of delivery of this certificate and the Airport Authority has not received notice from [Issuer] that it intends to extend the Letter of Credit and no substitute security satisfactory to the Airport Authority has been delivered to the Airport Authority as of the date hereof. As of the date hereof, the aggregate amount drawn under such Letter of Credit plus the amount requested in this Drawing Certificate does not exceed Dollars ($ ).
Drawing Certificate. A completed drawing certificate substantially in the form attached to the Letter(s) of Credit delivered on the Closing Date.
Drawing Certificate. Dear Sirs: The undersigned, duly Authorized Officer of the Wayne County Airport Authority ("Airport Authority"), hereby certifies to [Issuer] with reference to [Issuer] Irrevocable Letter of Credit No. (the "Letter of Credit") (any capitalized term used herein without definition has the meaning specified in the Letter of Credit) that:
Drawing Certificate means a certificate in the form of Exhibit 3, 4 or 5 to the Letter of Credit.
Drawing Certificate means a Principal and Interest Drawing Certificate or an Interest Only Drawing Certificate, as the case may be.
Drawing Certificate means a drawing certificate substantially in the form of the schedule to this Letter of Credit (in the event that any Drawing Certificate is communicated electronically by SWIFT, that Drawing Certificate will not be required to be executed). “Expiry Date” means [_____]. “Total Available Amount” means [_____].
Drawing Certificate shall have the meaning assigned thereto in the Letter of Credit Reimbursement Agreement.