Draw Notice definition

Draw Notice has the meaning set forth in Section 2.02.

Draw Notice means a written notice to the LOC Bank setting forth the Letter of Credit Draw that the Company requests from the LOC Bank pursuant to the Letter of Credit and which identifies the Additional Closing Date and which includes the Draw Notice Representation.

Draw Notice means the form of notice, substantially in the form of Exhibit B hereto, from the City to the Bank requesting that the Bank advance funds hereunder.

Examples of Draw Notice in a sentence

• A Draw Notice must be executed by an IOU Authorized Representative.

• IOU agrees to provide contemporaneously a copy of the Draw Notice to CCA.

• In the event any Draw Notice provides instructions different than the Wire Transfer Instructions set forth in Section 4(h), Bank shall seek confirmation of such Wire Transfer Instructions by telephone call-back to an Authorized Representative, and Bank may rely upon the confirmation of anyone purporting to be that Authorized Representative.

• In issuing the Draw Notice, IOU shall be further deemed to represent and warrant to Bank and CCA that CCA has not, within the 20-day period after IOU has submitted the Involuntary Return Advice Letter, notified IOU in writing of (i) CCA’s agreement to promptly pay amounts owed by CCA for reentry fees through direct payment by CCA to IOU or (ii) CCA’s consent that IOU may withhold CCA customer payment remittances in satisfaction of the Draw Amount.

• With respect to any Draw Notice, the following security procedure will apply.

More Definitions of Draw Notice

Draw Notice has the meaning given to it in Clause 26.15(g).

Draw Notice means a notice, substantially in the form set forth hereto as Exhibit B, pursuant to which the Borrower requests Draws from the Lenders.

Draw Notice has the meaning set forth in Section 4.10(b).

Draw Notice means a Draw Notice substantially in the form of Exhibit C hereto.

Draw Notice has the meaning specified therefor in Section 2.02(a)(i).

Draw Notice has the meaning specified in Section 3.2(a).

Draw Notice means a written notice from the Company to the Investor that the Company is requesting an Advance under the Note. Each Draw Notice shall set forth the amount of the Advance requested, the date such Advance is requested, which date shall not be earlier than fifteen (15) days after the date the Company delivers the Draw Notice to the Investor, and shall contain a certification by the Company's Chief Executive Officer that (i) the Company has complied with all of the conditions precedent to an Advance as set forth in Sections 3.2(b) and (c), as applicable, and (ii) the Company is in compliance with all of its covenants under this Agreement.