Remarketing Drawing definition

Remarketing Drawing shall have the meaning set forth in the Letter of Credit.
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Remarketing Drawing is used as defined in each of the Credit Enhancement Letters of Credit, as the context requires.
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Remarketing Drawing has the definition set forth in the Letter of Credit.
Sample 1

Examples of Remarketing Drawing in a sentence

  • Drawings on a Gables Bond Enhancement Letter of Credit other than a Regular Drawing or a Remarketing Drawing may be reimbursed through the obtaining of a Loan as provided in this Section 2.4. The Issuing Lender is authorized to provide notices to the Trustee as provided in the Gables Bond Enhancement Letters of Credit and the Bond Documents.

  • With respect to any Remarketing Drawing only, such amount will be reinstated only upon receipt by the applicable Trustee of notice from the Issuing Lender that the Reimbursement Obligation with respect to such Remarketing Drawing has been repaid other than as a result of a borrowing under this Agreement.

  • Drawing" means an Interest Drawing, a Principal Drawing or a Remarketing Drawing as the context requires, and when used in the plural form, refers to all or any combination of them.

  • Notwithstanding the foregoing, there shall be only one Interest Period applicable at any time for all Remarketing Loans outstanding hereunder as LIBOR Rate Loans, except that any LIBOR Rate Loan arising from a Remarketing Drawing which occurs during an existing Interest Period shall have a separate "short" initial Interest Period from and including the date of the Remarketing Drawing until the last day of the then existing Interest Period.

  • The duration of each Interest Period shall be one month, except that any LIBOR Rate Loan arising from a Remarketing Drawing which occurs during an existing Interest Period shall have a separate "short" initial Interest Period from and including the date of the Remarketing Drawing until the last day of the then existing Interest Period.

  • In addition to all other collateral for the Obligations, the Obligation are and shall continue to be further secured by a pledge of and a security interest in any Floating Rate Notes purchased with the proceeds of any Remarketing Drawing (the "Pledged Notes"), which pledge and security interest Funding hereby grants to the Banks.

  • For any payment of principal and/or interest not paid when due (taking into account any grace periods), except a Remarketing Drawing (as defined in the Agreement), the Borrower shall pay a late charge of an amount equal to the greater of twenty-five dollars ($25) or two percent (2%) of the amount of the payment.

  • As soon as possible following any Remarketing Drawing, and in any event within ten (10) days of the date of such Drawing, Funding will cause the Trustee to deliver the Pledged Notes related to that Drawing to the Agent, for the benefit of the Banks, which Pledged Notes shall be registered in the name of the Agent, for the benefit of the Banks, or in the name of Funding and accompanied by appropriate endorsements or assignments executed on behalf of Funding in blank, with the signatures guaranteed.

  • Proceeds of the Remarketing Reimbursement Loan-1994 Refunding Bonds shall be used solely to reimburse the Enhancement Issuer for all or a portion of the Principal Amount of the related Remarketing Drawing for the 1994 Refunding Bonds which have not been sold by the Remarketing Agent subsequent to the Remarketing Drawing.

  • Each Remarketing Reimbursement Loan-1994 Refunding Bonds shall be in an amount not in excess of the amount due to the Enhancement Issuer from the Borrower on the related reimbursement due date on account of the portion of the Remarketing Drawing representing the Principal Amount.


More Definitions of Remarketing Drawing

Remarketing Drawing means a Remarketing Drawing as defined in the Letter of Credit.
Sample 1
Remarketing Drawing representing the Principal Amount. The term "Principal Amount" is used in the preceding sentence as that term is defined in the 1993 Direct-Pay Letter of Credit. Proceeds of the Remarketing Reimbursement Loan-1993 Bonds shall be used solely to reimburse the Enhancement Issuer for all or a portion of the Principal Amount of the related Remarketing Drawing for the 1993 Bonds which have not been sold by the Remarketing Agent subsequent to the Remarketing Drawing. Each Remarketing Reimbursement Loan-1993 Bonds shall be represented by the promissory note of the Borrower (a "Remarketing Reimbursement Note-1993 Bonds"), delivered to the Enhancement Issuer contemporaneously with the making of the Remarketing Reimbursement Loan-1993 Bonds, with each such note substantially in the form of the Term Note, with the following exceptions:
Sample 1

Related to Remarketing 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).

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Working Drawings means the final working drawings approved by Landlord, as amended from time to time by any approved changes thereto, and “Work” means all improvements to be constructed in accordance with and as indicated on the Working Drawings, together with any work required by governmental authorities to be made to other areas of the Building as a result of the improvements indicated by the Working Drawings. Landlord’s approval of the Working Drawings shall not be a representation or warranty of Landlord that such drawings are adequate for any use or comply with any Law, but shall merely be the consent of Landlord thereto. Tenant shall, at Landlord’s request, sign the Working Drawings to evidence its review and approval thereof. After the Working Drawings have been approved, Tenant shall cause the Work to be performed in accordance with the Working Drawings.

  • Construction Drawings means those drawings containing the technical details associated with the design, construction and installation of the Infrastructure;

  • Contract Drawings means those drawings specifically entitled as such and listed in the Specifications or in any Addendum, or any drawings furnished by the Commissioner, pertaining or supplemental thereto.

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

  • Disbursement Request means a disbursement request from the Borrower to the Administrative Agent and the Collateral Agent in the form attached hereto as Exhibit C in connection with a disbursement request from the Unfunded Exposure Account in accordance with Section 2.04(d) or a disbursement request from the Principal Collection Subaccount in accordance with Section 2.18, as applicable.

  • Notice of Extension/Conversion means the written notice of extension or conversion in substantially the form of Schedule 3.2, as required by Section 3.2.

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

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • LC Request a request for issuance of a Letter of Credit, to be provided by Borrower Agent to Issuing Bank, in form satisfactory to Agent and Issuing Bank.

  • Draw Request Any request by the Borrower, pursuant to Section 2.2 of this Agreement, for a disbursement of any portion of the proceeds of the Loan.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • As-built drawings, as used in this clause, means drawings submitted by the Contractor or subcontractor at any tier to show the construction of a particular structure or work as actually completed under the contract. “As-built drawings” shall be synonymous with “Record

  • 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”;

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