D Drawing definition

D Drawing means any draw in the form of Annex D to the Letter of Credit made under the Letter of Credit to pay the unpaid interest on those Bonds which the Remarketing Agent has been unable to remarket within the time limits established in the Indenture.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

D Drawing means any drawing under the Letter of Credit made pursuant to Section 31 of the Seventh Supplement for the payment of the portion of the Purchase Price equal to the amount of accrued and unpaid interest to the date of purchase of Bonds (other than any Bank Bonds and Bonds owned by or on behalf of the Issuer) tendered pursuant to Section 6 of the Seventh Supplement upon presentation of a certificate in the form of Annex D to the Letter of Credit.

D Drawing shall have the meaning ascribed to such terms in the Letter of Credit.

Examples of D Drawing in a sentence

• 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.

• Each Series 1991 Term Loan shall bear interest from the date of the Series 1991 B Drawing and/or Series 1991 D Drawing to which it relates at a rate equal to the Base Rate plus the applicable Tranche A Base Rate Margin until such time, if any, as Borrower selects a different Tranche A Interest Rate.

• Other notices to Customer will be addressed to the account contact designated by Customer.

• The Borrower hereby agrees that the Bank shall apply the proceeds from the Pledged Bond Loan to reimburse the Bank for the amount of any A Drawing or D Drawing paid by the Bank.

• The complete Contract includes this Contract; the Request for Quotations as completed and submitted by the Contractor, and Exhibit A (Prevailing Wage Rates), Exhibit B (Contractor Safety Plan), Exhibit C (Drawing E4-4), Exhibit D (Drawing E4-1), Exhibit E (Drawing E4-2), Exhibit F (Drawing E6-2), Exhibit G (Conduit Trenching Detail), Exhibit H (Airport Substation- Construction Specifications) attached thereto; and all modifications incorporated in these documents before their execution.

More Definitions of D Drawing

D Drawing as specified in the Letter of Credit, a drawing with respect to the payment (whether at maturity, upon acceleration following an event of default, or upon redemption, of the Bonds as a whole), of the total unpaid principal of, and unpaid interest on, all of the Bonds.

D Drawing means a drawing under the Letter of Credit by a certificate in the form of Exhibit D thereto to pay a portion of purchase price corresponding to accrued interest on Bonds delivered for purchase pursuant to the Indenture.

D Drawing or "F Drawing" on the Letter of Credit, the obligation of the Bank to honor demands for payment under the Letter of Credit for interest, or portion of purchase price corresponding to interest, on the Bonds will be immediately reinstated to an amount equal to

D Drawing means an Interest Drawing on the Hanover House LC for payment of amounts equal to accrued and unpaid interest with respect to a tender of the Bonds on the first day of an Interest Rate Period (as defined in the Indenture);

D Drawing means any drawing under the Letter of Credit with respect to payment of the portion of the purchase price corresponding to interest on any Bonds referred to in the immediately preceding clause (iii), (v) "E Drawing" means any drawing under the Letter of Credit with respect to payment of the portion of the purchase price corresponding to principal on any Pledged Bonds delivered to the Trustee or the New York Paying Agent pursuant to Section 1.01(f)(ii) of the Indenture, and (vi) "F Drawing" means any drawing under the Letter of Credit with respect to payment of the portion of purchase price corresponding to interest on any Bonds referred to in the immediately preceding clause (v).

D Drawing means any drawing under the Letter of Credit made pursuant to Section 2.03(c) of Exhibit C to the 2009 Resolution for the payment of the portion of the purchase price of Eligible Bonds tendered pursuant to Section 2.01 or Section 2.02 of Exhibit C to the 2009 Resolution equal to the amount of accrued and unpaid interest on such Bonds to the date of such purchase pursuant to a certificate in the form of Annex to the Letter of Credit.

D Drawing. E Drawing" or an "F Drawing", as the case may be, as such terms are defined in the Letter of Credit.