Common use of Treatment of Draws Clause in Contracts

Treatment of Draws. Each draw under a Negotiated Letter of Credit shall be treated as a 5-Year Advance by the Issuing Syndication Party under the 5-Year Facility and shall bear interest at the Base Rate until paid in full.

Treatment of Draws. Each draw under a Negotiated Letter of Credit shall be treated as a 5-Year an Advance by the Issuing Syndication Party under the 5-Year Facility and shall bear interest at the Base Rate until paid in full.

Treatment of Draws. Each draw under a Negotiated Letter of Credit shall be treated as a 5-Year an Advance by the Issuing Syndication Party under the 53-Year Facility and shall bear interest at the Base Rate until paid in full.