Term Drawing definition

Term Drawing means any drawing under a Bond L/C to pay the purchase price of Bonds tendered pursuant to the terms of the applicable Indenture.
Sample 1Sample 2Sample 3
Term Drawing means (i) in the case of each Borrower other than Telekabel Wien any borrowing by way of an advance under Facility B or, as the context requires, the principal amount of that borrowing outstanding at any relevant time and/or (ii) in the case of Telekabel Wien each borrowing by Telekabel Wien against the issue by Telekabel Wien of a Telekabel Note under Facility B or, as the context requires, the principal amount of such Telekabel Note outstanding at any relevant time;
Sample 1

Examples of Term Drawing in a sentence

  • To the extent that the Administrative Agent receives interest payable on account of any Pledged Bonds such interest received shall be applied and credited first against accrued and unpaid interest on the Tender Advance Revolving Loan that financed the Term Drawing in respect of which such Pledged Bonds were purchased.

  • The obligation of Borrower to reimburse Issuing Bank or the Banks, as the case may be, for Term Drawing Payments (such obligation referred to as a "Term Reimbursement Obligation") shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement and any Term Standby Letter of Credit agreement.

  • The relevant Borrower may by notice received by the Agent not later than 10 a.m. on the third Banking Day before the beginning of each Interest Period in respect of a Term Drawing specify whether such Interest Period shall have a duration of one month or two, three or six months or (with the prior agreement of all of the Banks) any other period.

  • If more than one Term Drawing (other than a Term Drawing made against the issue by Telekabel Wien of a Telekabel Note) is outstanding each such Term Drawing shall be of a Euro Amount which is a minimum of Euro 10,000,000 and, in the case of such a Term Drawing in euro, an integral multiple of Euro 5,000,000 or the balance of the Facility B Outstandings.

  • Agent may, if it so elects (but shall have no obligation to), treat any Term Drawing Payment as a Prime Loan.

  • The Agent shall notify the relevant Borrower and the Banks promptly of the amount of each Term Drawing, the duration of each Interest Period or other period for the calculation of interest (or, as the case may be, default interest) and of each rate of interest determined by it under this clause 5.

  • Upon the receipt by Agent of any Term Reimbursement Payment, Agent promptly shall pay to each Bank that has paid its Proportionate Share of the applicable Term Drawing Payment, such Bank's Proportionate Share of the Term Reimbursement Payment and shall promptly pay to Issuing Bank the balance of such Term Reimbursement Payment.

  • The right of Agent to treat a Term Drawing Payment as a Prime Loan shall not be affected by the occurrence or existence of any Event of Default, the failure of Borrower to satisfy any conditions precedent to a Loan, or any other circumstance or condition.

  • Term Drawing Payments (defined below) shall bear interest at a fluctuating per annum rate equal to the Prime Rate plus two percent (2.00%).

  • Telekabel Wien shall also deliver to the Agent original Telekabel Notes the details of which correspond with the relevant Term Drawings in respect of each Term Drawing outstanding to Telekabel Wien either on consolidation pursuant to clause 4.10(b) or together with any relevant notice given pursuant to clause 4.11.

Related to Term Drawing

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

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

  • 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.

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

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

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

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

  • Delayed Draw Term Loan Commitment means the commitment of each Lender to make Delayed Draw Term Loans on each Delayed Draw Funding Date hereunder in an aggregate principal amount not to exceed the amount set forth under the heading “Delayed Draw Term Loan Commitment” opposite its name in Schedule 2.01 hereto. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $1,150,000,000.

  • Delayed Draw Term Lender means, at any time, any Lender that has a Delayed Draw Term Commitment or a Delayed Draw Term Loan at such time.

  • 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.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term A Lenders pursuant to Section 2.01(a).

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

  • LOC means the entity awarded the Championships and entering into this Agreement, having executed the Attached Bid.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

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

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan Notes means the promissory notes of the Borrower (if any) in favor of any of the Term Loan Lenders evidencing the portion of the Term Loan provided by any such Term Loan Lender pursuant to Section 2.2(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Term A Lender means, at any time, any Lender that has a Term A Commitment or a Term A Loan at such time.

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Term Loan Lender means a Lender with a Term Loan Commitment or a Term Loan.

  • Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).

Most Referenced Clauses

Most Referenced Definitions