Purchase Drawing definition

Purchase Drawing means a Drawing under the Letter of Credit to pay the purchase price of the Bonds following the failure to remarket any Bonds as set forth in Section 3.02 of the Indenture.
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Purchase Drawing. Principal Drawing," and "Interest Drawing."
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Purchase Drawing has the meaning assigned to such term in the Letter of Credit.
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Examples of Purchase Drawing in a sentence

  • Unless otherwise directed by Required Revolver Lenders, the applicable L/C Issuer shall then deliver notice to the applicable Trustee prior to the fifth Business Day after any such Bond Purchase Drawing that the amount of such drawing will not be reinstated.

  • Unless otherwise directed by U.S. Required Lenders, the applicable U.S. L/C Issuer shall then deliver notice to the applicable Trustee prior to the fifth Business Day after the applicable Bond Purchase Drawing that the amount of such drawing will not be reinstated, if the applicable Bond Documents permit such notice; otherwise, the U.S. L/C Issuer may send notice of an event of default and a direction to cause a redemption of the applicable Bonds.

  • The Premium Component shall be reduced immediately following our honoring any draft drawn hereunder to pay premium on Eligible Bonds in connection with a Redemption/Mandatory Purchase Drawing, by an amount equal to the amount of such draft.

  • Unless otherwise directed by Required Lenders, the applicable L/C Issuer shall then deliver notice to the applicable Trustee prior to the fifth Business Day after any such Bond Purchase Drawing that the amount of such drawing will not be reinstated.

  • Each drawing on a Special Letter of Credit other than a Purchase Drawing and the reimbursement obligation of the Borrower in respect thereof, shall, notwithstanding the delivery of Bonds in respect thereof to the Tender Agent as custodian for the Banks, be governed by paragraph (d) of this Section 2.03.

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  • Unless otherwise directed by U.S. Required Lenders, the applicable U.S. L/C Issuer shall then deliver notice to the applicable Trustee prior to the fifth (5th) Business Day after the applicable Bond Purchase Drawing that the amount of such drawing will not be reinstated, if the applicable Bond Documents permit such notice; otherwise, the U.S. L/C Issuer may send notice of an event of default and a direction to cause a redemption of the applicable Bonds.

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  • Each Purchase Drawing honored by us hereunder shall automatically reduce the Principal Component and the amount available to be drawn hereunder by subsequent Purchase Drawings or Principal Drawings by an amount equal to the amount of such Purchase Drawing.

  • In addition to the Lien created under the Pledge and Security Agreement securing the reimbursement obligations of the Borrower hereunder for a Purchase Drawing - Shawnee Village Bonds, the Borrower hereby grants to the Agent, for the benefit of each Bank, a Lien on and a security interest in such Shawnee Village Bonds, until such time as such Advance shall have been paid in full.


More Definitions of Purchase Drawing

Purchase Drawing means a drawing under the Letter of Credit pursuant to a Purchase Drawing, as defined in the Letter of Credit, to purchase Bonds that are tendered or deemed tendered.
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Purchase Drawing shall have the meaning set forth in the Letter of Credit. REPORTABLE EVENT shall mean an event described in Section 4043(b) of ERISA (with respect to which the 30-day notice requirement has not been waived by the PBGC).
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Purchase Drawing shall have the meaning assigned to such ---------------- term in the applicable Special Letter of Credit. (xiii) "Remarketing Agreements" means that certain Remarketing ---------------------- Agreement dated as of June 1, 1995, among the Borrower, the Industrial Development Board of the Parish of Lafayette, Louisiana, Inc. and Xxxxxxxx Xxxxxx Refsnes, Inc. in connection with the Series 1995 Lafayette Bonds, and that certain Remarketing Agreement dated as of June 1, 1995, among the Borrower, the Industrial Development Board of the Parish of Calcasieu, Louisiana, Inc. and Xxxxxxxx Xxxxxx Refsnes, Inc. in connection with the Series 1995 Calcasieu Bonds.
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Purchase Drawing. As defined in the Eagle Ranch Letter of Credit.
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Purchase Drawing has the meaning assigned to such term in the Letter of Credit. “Purchase Notice” shall have the meaning assigned to such term in Section 2.04(g). “Purchase Price” shall have the meaning set forth in the Letter of Credit.
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Purchase Drawing means a drawing made on the Letter of Credit with respect to the payment of the purchase price of Notes tendered for purchase in accordance with the terms of the Indenture.
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Related to Purchase Drawing

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

  • Final Drawing has the meaning specified in Section 3.05(i).

  • 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.

  • Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

  • Drawing means the drawing or drawings specified in or annexed to the Specifications;

  • Downgrade Drawing has the meaning assigned to such term in Section 3.6(c).

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Shop Drawing means any and all drawings, diagrams, layouts, explanations, illustrations, manufacturer's drawings or other written or graphic materials which illustrate any portion of the construction work.

  • First draw sample means a one−liter sample of tap water that has been standing in plumbing pipes at least 6 hours and is collected without flushing the tap.

  • Unpaid Drawing shall have the meaning provided in Section 3.4(a).

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.

  • The DRAWINGS / MAPS means the drawing/map or drawings/maps mentioned in NIT and any modifications of them approved by the Employer or any further Working drawings/maps or sketches by the Employer or any further working drawings/maps or sketches which may be furnished or approved in writing by the Employer.

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

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • 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.

  • Special Drawing Rights and the symbol “SDR” mean special drawing rights as valued by the International Monetary Fund in accordance with its Articles of Agreement”;

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • The Advance Purchase Order or “Letter of Intent” means the intention of Purchaser to place the Purchase Order on the bidder.

  • Equipment Advance is defined in Section 2.1.1.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Notice of Drawdown means a notice substantially in the form set out in Schedule 4 (Notice of Drawdown).

  • Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit H, signed by a Responsible Official of Borrower, and properly completed to provide all information required to be included therein.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • Drawing Date shall have the meaning set forth in Section 2.12(b) hereof.

  • Unapplied Non-Extension Advance means any Non-Extension Advance other than an Applied Non-Extension Advance.