Drawing Document definition

Drawing Document means any Letter of Credit or other document presented for purposes of drawing under any Letter of Credit.

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Drawing Document means any Letter of Credit or other document presented for purposes of drawing under any Letter of Credit, including by electronic transmission such as SWIFT, electronic mail, facsimile or computer-generated communication.

Drawing Document is defined in Section 9.4 hereof.

Examples of Drawing Document in a sentence

• An Instruction to release any such Drawing Document or Property shall be deemed a representation by Applicant to Bank that Applicant seeks such release for one of said purposes.

• Applicant’s acceptance or retention of a Drawing Document presented under or in connection with any Credit (whether or not the document is genuine) or of any Released Merchandise shall ratify Bank’s honor of the presentation and preclude Applicant from raising a defense, set-off or claim with respect to Bank’s honor of such Credit.

• If, at an Applicant's request, a Letter of Credit is issued in transferable form, the Letter of Credit Issuer shall have no duty to determine the proper identity of anyone appearing in any transfer request, Drawing Document, or other document as transferor or transferee, nor shall the Letter of Credit Issuer be responsible for the validity, appropriateness or correctness of any transfer.

• If, at an Applicant’s request, a Letter of Credit is issued in transferable form, the Letter of Credit Issuer shall have no duty to determine the proper identity of anyone appearing in any transfer request, Drawing Document, or other document as transferor or transferee, nor shall the Letter of Credit Issuer be responsible for the validity, appropriateness or correctness of any transfer.

• The Borrower’s acceptance or retention of a Drawing Document presented under or in connection with any Letter of Credit (whether or not the document is genuine) shall ratify the Issuing Lender’s honor of the presentation and preclude the Borrower from raising a defense, set-off or claim with respect to the Issuing Lender’s honor of such Letter of Credit.

More Definitions of Drawing Document

Drawing Document means any document presented for purposes of drawing under a Letter of Credit.

Drawing Document means any document referred to in or related to any Letter of Credit that is required to be presented in order to make a draw under such Letter of Credit.

Drawing Document means any Letter of Credit or other document presented for purposes of drawing under any Letter of

Drawing Document means any draft or other document presented for purposes of demanding payment under a Letter of Credit.

Drawing Document has the meaning specified in Section 2.01(b).

Drawing Document means any Letter of Credit or other document presented for purposes of drawing under any Letter of Credit, including by electronic transmission such as SWIFT, electronic mail, facsimile or computer generated communication. “Early Opt-in Election” means, if the then-current Benchmark is the LIBOR Rate, the occurrence of: (a) a notification by the Agent to (or the request by the Borrower to the Agent to notify) each of the other parties hereto that at least five currently outstanding Dollar-denominated syndicated credit facilities at such time contain (as a result of amendment or as originally executed) a SOFR- based rate (including SOFR, a term SOFR or any other rate based upon SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are publicly available for review), and (b) the joint election by the Agent and the Borrower to trigger a fallback from the LIBOR Rate and the provision by the Agent of written notice of such election to the Lenders. “Earn-Outs” means unsecured liabilities of a Loan Party arising under an agreement to make any deferred payment as a part of the Purchase Price for a Permitted Acquisition, including performance bonuses or consulting payments in any related services, employment or similar agreement, in an amount that is subject to or contingent upon the revenues, income, cash flow or profits (or the like) of the target of such Permitted Acquisition. “EBITDA” means, with respect to any fiscal period and with respect to any Person determined, in each case, on a consolidated basis in accordance with GAAP: (a) the consolidated net income (or loss), minus (b) without duplication, the sum of the following amounts for such period to the extent included in determining consolidated net income (or loss) for such period: (i) extraordinary gains, and (ii) interest income, plus (c) without duplication, the sum of the following amounts for such period to the extent included in determining consolidated net income (or loss) for such period: (i) non-cash extraordinary losses, (ii) Interest Expense,

Drawing Document means any Letter of Credit or other document presented for purposes of drawing under any Letter of Credit, including by electronic transmission such as SWIFT, electronic mail, facsimile or computer generated communication. “EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. “EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. “EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. “Eligible Cash on Hand” means cash and money market fund owned by a Loan Party, which are (a) available for use by a Loan Party, without condition or restriction (other than in favor of the Agent), (b) free and clear of any pledge or other Lien (other than the Liens in favor of Agent and Liens permitted under clauses (a), (e) and (l) of the definition of Permitted Encumbrances), (c) subject to a perfected first- priority security interest of the Agent, (d) in a deposit account or money market account at ▇▇▇▇▇ Fargo or an Affiliate of ▇▇▇▇▇ Fargo specifically and solely used for purposes of holding such cash and which account is subject to a Blocked Account Agreement (Access Restricted Immediately), and (e) for which the Agent shall have received evidence, in form and substance reasonably satisfactory to the Agent, of the amount of such cash held in such deposit account or money market account, as applicable, as of the applicable date of the calculation of Availability by the Agent and the satisfaction of the other conditions herein (it being understood that a report of a cash balance from the depositary of such deposit account or the intermediary of such money market account, as applicable, shall be reasonably satisfactory evidence of the amount of cash in such account). “Eligible Assignee” means (a) a Credit Party or any of its Affiliates; (b) a ban...