Examples of Remarketing Drawing in a sentence
Such interest shall be payable on each Interest Payment Date for so long as such Remarketing Drawing or any portion thereof is unreimbursed.
The amount of any unreimbursed Remarketing Drawing shall bear interest from the date of the Remarketing Drawing at a rate per annum equal to the Prime Rate plus one percent (1.0%).
The portion of a Remarketing Drawing used by the Trustee to pay the interest portion of the purchase price of Bonds or Beneficial Ownership Interests duly tendered, or deemed tendered, for purchase on the applicable Bond Purchase Date shall be paid on the date of such Remarketing Drawing, together with the sum of $50 for each such Remarketing Drawing.
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.
This new legislation is aimed at strengthening the role of Traditional Leaders and the Khoi-San community as well as providing for support, recognition, and new roles and responsibilities.
The unpaid balance of the Remarketing Drawing shall bear interest at the Interest Rate, which interest shall be paid to the Bank monthly in arrears on the first Business Day of each month commencing the month following the month in which the Remarketing Drawing occurs.
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.
Any amounts received by the Bank from the remarketing of Notes purchased out of a Remarketing Drawing and registered to the Bank or, at the direction of the Bank, to the Borrower, shall be applied against the Borrower's obligation to reimburse the Bank for the amount of the Remarketing Drawing.
At any time that any Remarketing Drawing is outstanding on any loan payment date set forth in Schedule 1 of the Borrower Note, the Bank shall apply any payment of principal on the Borrower Note in an amount equal to the principal amount of Pledged Notes to be redeemed on such date as a repayment of the Remarketing Drawing.
Any such payment or prepayment of the Remarketing Drawing shall constitute a payment or prepayment of the Borrower Promissory Note for all purposes hereof and of the Borrower Promissory Note.