Liquidity Drawing definition

Liquidity Drawing means a loan made or to be made under the Liquidity Facility or deemed to be made under the Liquidity Facility Agreement.

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Liquidity Drawing means a drawing under the Letter of Credit resulting from presentation of a certificate by the Trustee to the Bank in the form of Annex E to the Letter of Credit.

Liquidity Drawing means an LC Disbursement resulting from the presentation of a certificate in the form of Annex E to the Letter of Credit.

Examples of Liquidity Drawing in a sentence

In consideration and in furtherance of the foregoing, each Bank hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the Issuing Bank, such Bank’s Applicable Percentage of (x) each Liquidity Drawing constituting a Liquidity Advance, (y) each LC Disbursement made by the Issuing Bank and not reimbursed by the Applicant on the date due as provided in Sections 2.3 or 2.4 and (z) any reimbursement payment required to be refunded to the Applicant for any reason.
If the conditions precedent contained in Section 3.2 hereof are satisfied at the time of payment by the Issuing Bank of a Liquidity Drawing, such Liquidity Drawing made under the Letter of Credit shall constitute an advance (“Liquidity Advance”) to the Applicant.
No Liquidity Drawing, Liquidity Advance or the Letter of Credit, use of proceeds of the foregoing or other transaction contemplated by this Agreement will violate Anti-Corruption Laws or applicable Sanctions.
Other than on the Repayment Date and subject to the terms of this Agreement, Funding 1 may draw a new Funding 1 Liquidity Drawing or rollover an existing Funding 1 Liquidity Drawing for the purposes of this paragraph (a).
Each Liquidity Drawing must be drawn down on a Payment Date in respect of the Trust.

More Definitions of Liquidity Drawing

Liquidity Drawing means, in respect of any Bonds supported by a Bond Letter of Credit, any drawing under such Bond Letter of Credit the proceeds of which are used to pay the purchase price of such Bonds tendered for purchase by the Borrower (or any Subsidiary of the Borrower).

Liquidity Drawing shall have the meaning assigned to that term in the ▇▇▇▇ ▇▇.

Liquidity Drawing has the meaning assigned to such term in the Letter of Credit.

Liquidity Drawing has the same meaning herein as in such Letter of Credit. “Liquidity Facility” has the meaning set forth in Appendix A to the Ordinance.

Liquidity Drawing means a drawing made under clause 2.4 of this agreement.

Liquidity Drawing means, with respect to a Letter of Credit, a drawing under such Letter of Credit to purchase Bonds (or beneficial interests therein) (i) tendered for purchase at the option of the holder thereof (other than the Authority) in accordance with the terms of the Indenture and for which remarketing proceeds are not available and (ii) tendered or deemed tendered for mandatory purchase in accordance with the terms of the Indenture as a result of the expiration of the Letter of Credit on its scheduled expiration date.

Liquidity Drawing a Tender Drawing -- Principal or a Tender Drawing -- Interest (as each such term is defined in the relevant Bond Letter of Credit), the proceeds of which are to be used to fund tenders of the relevant Bonds in connection with a remarketing of the Bonds.