Tender Draft definition

Tender Draft has the meaning assigned to that term in the Letter of Credit.

Tender Draft means a Liquidity Drawing under a Xxxx XX to pay the purchase price of a series of Bonds delivered or deemed delivered to the Trustee, the Tender Agent or the Remarketing Agent pursuant to the Indenture for such series and not remarketed by the Remarketing Agent for such series of Bonds on the date such Bonds are to be purchased.

Tender Draft will mean a drawing or drawings under Exhibit B to any Letter of Credit to be used for payment of the purchase price of the applicable Bonds tendered to the Tender Agent in accordance with the Indenture and not remarketed.

Examples of Tender Draft in a sentence

• Unless the Borrower shall have previously advised the Bank in writing or the Bank has actual knowledge that one or more of the above statements is no longer true, the Borrower shall be deemed to have represented and warranted, on the date of payment by the Bank under the Letter of Credit pursuant to a Tender Draft, that on the date of such payment the above statements are true and correct.

• As security for the payment of each Tender Advance under this Agreement, the Borrower is pledging to the Administrative Agent pursuant to the Pledge Agreement, and granting to the Administrative Agent, for the benefit of the Administrative Agent, the LC Issuers and the Lenders, a security interest in, all of its right, title and interest in and to all Pledged Bonds arising in connection with a Tender Draft.

• All sums of money so paid to the Agent in respect of Pledged Bonds shall be credited against the obligation of the Company to reimburse the Agent, with interest under Section 2.10.5 for the amount drawn with a Tender Draft to fund the purchase of such Pledged Bonds pursuant to the Indenture.

• Unless the Borrower or the Guarantor shall have previously advised the Bank in writing or the Bank has actual knowledge that the above statement is no longer true, the Borrower and the Guarantor shall be deemed to have represented and warranted, on the date of payment by the Bank under the Letter of Credit pursuant to a Tender Draft, that on the date of such payment the above statement is true and correct.

• EXB-4 Fax dated 4/14/04 to Anthony Morrison, Out of State Inquiry Unit requesting status of case in the state of New York.

More Definitions of Tender Draft

Tender Draft with respect to any Existing Letter of Credit, a Tender Draft as defined in such Existing Letter of Credit.

Tender Draft means a Liquidity Drawing under a Bond LC to pay the purchase price of a series of Bonds delivered or deemed delivered to the Trustee, the Tender Agent or the Remarketing Agent pursuant to the Indenture for such series and not remarketed by the Remarketing Agent for such series of Bonds on the date such Bonds are to be purchased.

Tender Draft has the meaning assigned to that term in the applicable Bond Letter of Credit.

Tender Draft means a "A DRAWING" as such term is defined in the Letter of Credit.

Tender Draft shall have the meaning specified in each Letter of Credit, as applicable.

Tender Draft has the meaning assigned to that term in the Letter of Credit. "Termination Date" means the last day a drawing is available under the Letter of Credit. "Trustee" means any Person or group of Persons at the time serving as trustee under the Indenture.

Tender Draft means a drawing under the Letter of Credit pursuant to Section 2.3 of the Indenture.