Draw Deadline definition

Draw Deadline means the time by which the Credit Facility Provider or Liquidity Facility Provider must receive documentation from the Trustee to be obligated to advance funds to pay principal of or interest on or the Purchase Price of Bonds by the applicable Bank Settlement Deadline. While the initial Credit Facility and Liquidity Facility remains in effect, the Draw Deadline for purchases of Bonds tendered for purchase in accordance with Article IV is 12:00 noon, New York City time, and for payment of principal of and interest on Bonds is 4:00 p.m., New York City time, on the immediately preceding Business Day.
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Examples of Draw Deadline in a sentence

  • Upon receipt via the Securities Depository of the Tendered Bonds of such subseries from tendering Bondholders that have been successfully remarketed, the Remarketing Agent for such Bonds shall cause to be paid via the Securities Depository to the Tender Agent the Purchase Price of the remarketed Bonds by 30 minutes before the applicable Draw Deadline.

  • All Bonds to be purchased on any Purchase Date or Mandatory Purchase Date shall be required to be delivered to the Tender Agent’s Securities Depository participant account at or before 30 minutes before the Draw Deadline for purchases of Bonds on such date.

  • In addition, prior to the Term A-1 Loan Draw Deadline, the Company may, upon notice to the Administrative Agent as set forth above, from time to time terminate (in whole or in part) the unused portion of the aggregate Term A-1 Commitments, and prior to the Term A-2 Loan Draw Deadline, the Company may, upon notice to the Administrative Agent as set forth above, from time to time terminate (in whole or in part) the unused portion of the aggregate Term A-2 Commitments.

  • Amounts may only be drawn under this Section 2.01(a) on or before the Term A-1 Loan Draw Deadline.

  • The Buyer will be required to advance funds with respect to such Transaction by the Accelerated Downgrade Liquidity Draw Deadline, notwithstanding any failure of the Seller to comply with Paragraphs 3(b)(i), 3(e) and 8(b) in connection with such deemed request.

  • All unfunded Term A-1 Commitments shall expire on the Term A-1 Loan Draw Deadline.

  • The Term A-1 Loan Unused Fee shall accrue at all times from the Closing Date until the Term A-1 Loan Draw Deadline, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the Term Loan Draw Deadline.

  • All unfunded Term A-2 Commitments shall expire on the Term A-2 Loan Draw Deadline.

  • Amounts may only be drawn under this Section 2.01(a) on or before the Term Loan Draw Deadline.

  • All unfunded Term Commitments shall expire on the Term Loan Draw Deadline.