Interest Drawing definition

Interest Drawing has the meaning assigned to such term in Section 3.6(a).

Interest Drawing. Has the meaning specified in Section 1.01 of the Intercreditor Agreement.

Interest Drawing has the meaning assigned to such term in Section 3.6(a) of the Intercreditor Agreement.

Examples of Interest Drawing in a sentence

• Pursuant to the Indenture: (a) all of the Bonds that are allocable to the Loan shall initially bear interest at the Flexible Rate until the date, if any, upon which the Interest Rate determination method is changed as described in the Indenture, (b) while the Bonds bear interest at the Flexible Rate, interest shall be payable in arrears at the end of each applicable Flexible Rate Period, and (c) all interest on the Bonds shall be paid from the proceeds of an Interest Drawing under the Letter of Credit.

• Upon each Interest Drawing under any Liquidity Facility, the Subordination Agent will be obligated to reimburse (to the extent that the Subordination Agent has available funds therefor) the Liquidity Provider for the amount of such drawing.

• The "Maximum Available Commitment" at any time under each Liquidity Facility is an amount equal to the then Required Amount of such Liquidity Facility less the aggregate amount of each Interest Drawing outstanding under such Liquidity Facility at such time, provided that following a Downgrade Drawing, a Final Drawing or a Non-Extension Drawing under a Liquidity Facility, the Maximum Available Commitment under such Liquidity Facility shall be zero.

• Each Principal Drawing and Interest Drawing may be delivered to us in person, by mail, by a delivery service or by telecopy transmission at such number as is indicated below or as we shall notify you in writing from time to time.

• After an Interest Drawing, our obligation to honor drawings under this Letter of Credit with respect to interest on Notes will be automatically reinstated on the date of our receipt of the reimbursement of all amounts due to us with respect to such Interest Drawing (in accordance with the terms of the Letter of Credit and Reimbursement Agreement), such reinstatement to be in an amount equal to the amount of such Interest Drawing.

More Definitions of Interest Drawing

Interest Drawing has the meaning assigned to that term in the Letter of Credit.

Interest Drawing shall have the meaning set forth in the Letter of Credit.

Interest Drawing is defined in Section 3.5(a) of the Indenture.

Interest Drawing means a drawing under the Letter of Credit resulting from the presentation of a certificate in the form of Annex F to the Letter of Credit.

Interest Drawing as defined in the relevant Bond Letter of Credit.

Interest Drawing means a drawing under the Letter of Credit, accompanied by a certificate in the form of Annex B to the Letter of Credit.

Interest Drawing means a drawing under the Letter of Credit pursuant to an Interest Drawing, as defined in the Letter of Credit, to pay interest accrued on the Bonds whether by reason of (i) a regularly scheduled interest payment on the Bonds, (ii) an optional redemption of the Bonds in whole or in part, (iii) a purchase in lieu of redemption or (iv) the occurrence of an acceleration.