Standby Drawing definition

Standby Drawing has the meaning given to it in the relevant Liquidity Facility Agreement.
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Standby Drawing means a drawing made under the Issuer Liquidity Facility Agreement as a result of a downgrade of an Issuer Liquidity Facility Provider below the Minimum Long Term Issuer Credit Rating or in the event that the Issuer Liquidity Facility Provider fails to renew its Commitment;
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Standby Drawing means a drawing made under a DSR Liquidity Facility Agreement as a result of a downgrade of a DSR Liquidity Facility Provider below the Minimum Short-term Rating or in the event that the DSR Liquidity Facility Provider fails to renew its commitment on the expiry of the term of such DSR Liquidity Facility Agreement;
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More Definitions of Standby Drawing

Standby Drawing means a drawing made under the Borrower Liquidity Facility Agreement as a result of a downgrade of a Borrower Liquidity Facility Provider below the Minimum Long Term Rating or in the event that the Borrower Liquidity Facility Provider fails to renew its Commitment;
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Related to Standby Drawing

  • Letter of Credit means any letter of credit issued pursuant to this Agreement.

  • Standby Letter of Credit means any Letter of Credit other than a Commercial Letter of Credit.

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

  • Fronted Letter of Credit means a standby Letter of Credit issued by an Issuing Lender having an L/C Fronting Commitment in which each Lender purchases a risk participation pursuant to Section 3.4.

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