B Drawing definition

B Drawing means any draw in the form of Annex B to the Letter of Credit made under the Letter of Credit to pay unpaid interest upon an optional and/or a mandatory redemption of a portion of the Bonds.

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B Drawing shall have the meaning specified in the Letter of Credit which shall be a drawing in respect of the payment of principal of the Bonds.

B Drawing. C Drawing" and "D Drawing" as such terms are defined in the Letter of Credit.

Examples of B Drawing in a sentence

• In addition to Exhibit A (Legal Description of Property), Exhibit A-1 (Legal Description of Center), Exhibit B (Drawing of Premises), Exhibit C (Parking), Exhibit D (Work Letter), Exhibit E (Existing Rights), and Rider One (Rules), this Lease includes: No other Exhibits or Riders.

• If any payment under the Letter of Credit with respect to an "A Drawing", a "B Drawing" or a "C Drawing" shall be reimbursed to the Bank on the same date such payment is made by the Bank, no interest shall be payable on the reimbursed amount.

• Bank shall, and ▇▇▇▇▇▇▇▇ hereby authorizes Bank to, debit the Reimbursement Account on each Redemption Payment Date and on each Interest Payment Date to fund the A Drawing or the B Drawing or the F Drawing pursuant to which the interest payment was made.

• Upon application of any such payment against all or any portion of the principal amount of a Series 1993 Construction Loan or Series 1993 Term Loan that reflects a Series 1993 B Drawing, Agent shall release from the pledge and security interest created by the Series 1993 Pledge Agreement a principal amount of Series 1993 Bonds equal to the principal amount of the Series 1993 Construction Loan or Series 1993 Term Loan that relates to the Series 1993 B Drawing being repaid.

• Upon payment to Agent of any remarketing proceeds, such payment shall first be applied by Agent against so much of principal amount of the appropriate Series 1991 Construction Loan or Series 1991 Term Loan that reflects a Series 1991 D Drawing and thereafter against the principal amount of such Series 1991 Construction Loan or Series 1991 Term Loan that reflects a Series 1991 B Drawing and finally against accrued interest on any Tranche A Loan.

More Definitions of B Drawing

B Drawing means a draw made by you under this Letter of Credit with respect to the payment of principal (including without limitation upon maturity, redemption, defeasance or acceleration) on the Bonds.

B Drawing means a drawing under the Letter of Credit to pay the principal of the Bonds due to maturity, redemption, or acceleration.

B Drawing means a drawing under the Letter of Credit made pursuant to Section 15(a) of the Seventh Supplement for the payment of the interest of the Bonds payable from the Letter of Credit pursuant to a certificate in the form of Annex B to the Letter of Credit.

B Drawing shall have the meaning provided in Section 1B.05(b).

B Drawing and "Pledged Bonds", shall have the respective meanings assigned to such terms in the above-referenced Letter of Credit.

B Drawing means a drawing made by sight draft accompanied by a certificate in the form of Exhibit B to Annex 1 hereto to pay the portion of the redemption price of Bonds corresponding to the principal amount of such Bonds redeemed by the Issuer pursuant to the Indenture and delivered to the Trustee for cancellation, or to pay the principal portion of the Bonds at their stated maturities or upon acceleration of payments due on such Bonds pursuant to the Indenture.

B Drawing as specified in each Letter of Credit, a drawing with respect to the payment of the principal amount of, and the unpaid interest on, the related Bonds upon an optional or mandatory redemption of less than all of such Bonds then outstanding.