Unpaid Drawings definition

Unpaid Drawings shall have the meaning provided in Section 2.04(a).

Unpaid Drawings has the meaning specified in Section 2.3(e).

Unpaid Drawings means the Several Unpaid Drawings and the Fronted Unpaid Drawings.

Examples of Unpaid Drawings in a sentence

• If on any date (after giving effect to any other payments on such date) (A) the Aggregate Credit Facility Exposure exceeds the Total Credit Facility Amount, or (B) the Revolving Facility Exposure of any Lender exceeds such Lender’s Commitment, then , in the case of each of the foregoing, the Borrower shall, on such day, prepay on such date the principal amount of Loans and, after Loans have been paid in full, Unpaid Drawings, in an aggregate amount at least equal to such excess.

• The Borrower shall default in the payment when due of any principal of the Loans or any interest on the Loans or any Unpaid Drawings, fees or of any other amounts owing hereunder or under any other Credit Document and such default shall continue for five or more days.

• Upon any change in the Revolving Loan Commitments and, as a result thereof the RL Percentages, of the Revolving Lenders pursuant to Sections 2.13 or 13.04, it is hereby agreed that with respect to all outstanding Letters of Credit and Unpaid Drawings relating thereto, there shall be an automatic adjustment to the participations pursuant to this Section 3.04 to reflect the new RL Percentages of the Revolving Lenders.

• Special work includes, but is not limited to independent analysis, recommendations on unforeseen problems, opportunities for improvement, research and recommendations on alternative courses of action.

• Upon any change in the Revolving Loan Commitments or RL Percentages of the Lenders pursuant to Section 2.13, 2.15 or 13.04(b), it is hereby agreed that, with respect to all outstanding Letters of Credit and Unpaid Drawings relating thereto, there shall be an automatic adjustment to the participations pursuant to this Section 3.04 to reflect the new RL Percentages of the assignor and assignee Lender, as the case may be.

More Definitions of Unpaid Drawings

Unpaid Drawings means, as of any date of determination, the amount set forth in clause (b) of the definition of LC Exposure.

Unpaid Drawings means, collectively, the Tranche 1 Unpaid Drawings and the Tranche 2 Unpaid Drawings.

Unpaid Drawings has the meaning specified in the definition of “L/C Exposure”.

Unpaid Drawings means the aggregate principal amount drawn under the Letters of Credit and paid by the Issuing Bank with respect to which the Borrower has not reimbursed the Issuing Bank.

Unpaid Drawings means, collectively, the Tranche 1 Unpaid Drawings and Tranche 2 Unpaid Drawings.

Unpaid Drawings any payment or disbursement made by the L/C Issuer with respect to a L/C and not reimbursed by the Borrowers.

Unpaid Drawings means, collectively, the Unpaid Domestic Facility Drawings and the Unpaid Canadian Facility Drawings.