drawing down. , “drawn”, “drawn down” means obtaining credit by accessing all or any part of the Loan.
Drawing Date shall have the meaning set forth in Section 2.12(b) hereof.
Drawing Document means any Letter of Credit or other document presented for purposes of drawing under any Letter of Credit.
Drawing means the drawing or drawings specified in or annexed to the Specifications;
Letter of Credit Disbursement means a payment made by Issuing Lender or Underlying Issuer pursuant to a Letter of Credit.
Final Drawing has the meaning specified in Section 3.05(i).
Letter of Credit means any letter of credit issued pursuant to this Agreement.
Letter of Credit Request shall have the meaning provided in Section 2.03(a).
Dollar Letter of Credit means a Letter of Credit denominated in Dollars.
Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).
Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.
Letter of Credit Limit means $5,000,000.
Letter of Credit Bank means any Person who has provided a Servicer Letter of Credit pursuant to Section 4.02(b).
Request for Letter of Credit means a written request for a Letter of Credit substantially in the form of Exhibit D, together with the standard form of application for letter of credit used by the applicable Issuing Bank, signed by a Senior Officer of the applicable Borrower and properly completed to provide all information required to be provided therein.
Facility Letter of Credit means a Letter of Credit issued by the Issuer pursuant to Section 2.2.
Extended Letter of Credit has the meaning given that term in Section 2.3.(b).
Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).
Evergreen Letter of Credit has the meaning set forth in Section 2.01.
Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.
Canadian Letter of Credit means a Letter of Credit that is issued pursuant to this Agreement for the account of the Canadian Borrower.
Letter of Credit Default means with respect to a Letter of Credit, the occurrence of any of the following events:
Commercial Letter of Credit means any letter of credit which is a commercial letter of credit issued in respect of the purchase of goods or services by the Borrower or any of its Subsidiaries.
Letter of Credit Liability means the sum of (x) aggregate amount of the undrawn stated amount of all outstanding Letters of Credit plus (y) the amount drawn under Letters of Credit for which the Letter of Credit Issuer and the Lenders, or any one or more of them, have not yet received payment or reimbursement (in the form of a conversion of such liability to Loans, or otherwise) as required pursuant to Section 2.8.
Facility LC Application is defined in Section 2.19.3.
Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.
Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.