Acceleration Drawing definition
Acceleration Drawing means a drawing under the Letter of Credit resulting from the presentation of a certificate in the form of Exhibit 1 to the Letter of Credit.
Acceleration Drawing has the meaning given to that term in the Letter of Credit.
Acceleration Drawing means a drawing under the Tranche E Letter of Credit for the purpose of paying the Face Amount of all Series 1 CP Notes (other than Delayed Notes) then outstanding, as provided in the Tranche E Letter of Credit.
Examples of Acceleration Drawing in a sentence
As used in this Agreement: "Acceleration Drawing" - means a drawing under the Letter of Credit resulting from the presentation of a certificate in the form of "Exhibit F" to the Letter of Credit.
The Available Amount of the Tranche E Letter of Credit shall be reduced immediately and automatically to zero upon payment by the Tranche E Issuing Bank of the amount demanded in an Acceleration Drawing thereunder, and may not thereafter be reinstated under any circumstances.