Interest Purchase Drawing definition

Interest Purchase Drawing means a drawing pursuant to Annex D of the Letter of Credit.
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Interest Purchase Drawing means the portion of a drawing under the Letter of Credit pursuant to a Purchase Drawing to pay the portion of the purchase price of Eligible Bonds representing accrued and unpaid interest on Eligible Bonds to be purchased.
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Interest Purchase Drawing shall have the meaning assigned to that term in the Letter of Credit.
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Examples of Interest Purchase Drawing in a sentence

  • In satisfaction of its obligation to reimburse the Bank for any amount drawn under the Letter of Credit, the Borrower hereby agrees to (i) pay to the Bank the amount of each Interest Drawing and each Interest Purchase Drawing on the day such drawing is honored by the Bank and (ii) to pay to the Bank the amount of each Principal Drawing and each Principal Purchase Drawing on the day such drawing is honored by the Bank.


More Definitions of Interest Purchase Drawing

Interest Purchase Drawing means the portion of a drawing under the Letter of Credit pursuant to a Purchase Drawing, as defined in the Letter of Credit, to pay the portion of the purchase price of Bonds representing accrued interest on Bonds to be purchased. The Interest Purchase Drawing for each Purchase Drawing is set forth in paragraph 3(b) of the certificate submitted for the Purchase Drawing.
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Related to Interest Purchase Drawing

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

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Record drawing or “as-builts” means a set of reproducible drawings which show significant changes in the work made during construction and which are usually based on drawings marked up in the field and other data furnished by the contractor.

  • LIBOR Interest Payment Date means, with respect to a LIBOR Rate Loan, the Termination Date and the last day of each Interest Period applicable to such Loan or, with respect to each Interest Period of greater than three months in duration, the last day of the third month of such Interest Period and the last day of such Interest Period.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Revolving Loan Maturity Date means April 15, 2012, unless extended by Lender pursuant to any modification, extension or renewal note executed by Borrowers and accepted by Lender in its sole and absolute discretion in substitution for the Revolving Note.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Revolving Line Maturity Date is that date which is two (2) years following the Effective Date.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Interest Proceeds means, with respect to any Collection Period or the related Determination Date, without duplication, the sum of:

  • Interest Payment Amount With respect to each outstanding Class of Notes and any Payment Date, the Interest Accrual Amount for such Class of Notes, less any Modification Loss Amount for such Payment Date allocated to reduce the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(f) hereof, or plus any Modification Gain Amount for such Payment Date allocated to increase the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(g) hereof.

  • Fixed Rate Interest Payment Date has the meaning set forth in clause (d) of Section 2.01 of this Supplemental Indenture.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • REMIC Certificate Maturity Date The "latest possible maturity date" of the Regular Certificates as that term is defined in Section 2.07.

  • Applicable Maturity Date means (a) with respect to the Revolving Loans, the Swing Line Loans and Letters of Credit, the Revolving Loan Maturity Date and (b) with respect to the Term Loan, the Term Loan Maturity Date.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Reset Interest Period means each period from (and including) the First Call Date or any Reset Date and ending on (but excluding) the next Reset Date;

  • Subsequent Interest Period has the meaning specified in Section 307.

  • New Revolving Loan has the meaning specified in Section 2.14(a).