Drawing Event definition

Drawing Event means an event on any Distribution Date where Party B, after giving effect to the subordination provisions of the Intercreditor Agreement and any Election Interest Payments made by the Policy Provider (but without regard to drawings under a Primary Liquidity Facility or withdrawals from the Cash Collateral Account or Above-Cap Account), shall not have sufficient funds for the payment of accrued interest due and owing on the Class G–2 Certificates other than any amount of interest due and payable on the Class G–2 Certificates on such Distribution Date that remains unpaid due to the failure of the Depositary to pay any amount of accrued interest on the Deposits on such Distribution Date.

Drawing Event means either the Junior Rent Reserve Drawing Event, the Senior Rent Reserve Drawing Event, the Well Maintenance Reserve Drawing Event or the Indemnity Reserve Drawing Event, as applicable, each as defined in the Depositary Agreement.

Drawing Event means any of the events set forth in Paragraphs 6(b)(iv) and (v).

Examples of Drawing Event in a sentence

• A Bid Security Drawing Event has occurred, and the Beneficiary demands payment of [amount] under the SBLC, such payment to be made to [insert account instructions].

• A Bid Security Drawing Event has occurred and the Beneficiary hereby demands payment of [amount] under the SBLC, such payment to be made to [insert account instructions].

• Funds under this SBLC are available to you at sight upon our receipt of a certificate in the form of Annex A attached hereto (a “Demand Certificate”), notifying us of the occurrence of a Bid Security Drawing Event as defined in the Instruction to Bidders, viz: 1.

• Funds under this SBLC are available to PSALM, at sight, upon our receipt of the original copy of the SBLC and a Demand Certificate: (1) in the form of Annex A attached to this document notifying us of the occurrence of a Bid Security Drawing Event defined in the Bidding Procedures; (2) appropriately completed and signed by PSALM’s authorized officer, employee or signatory; and, (3) presented as specified on or before the Expiration Date defined in this document.

• To register a Golden Ticket, a Golden Ticket holder must (1) sign and acknowledge the documents reasonably required by the Sponsor (the “Registration Materials”), which will be distributed with the Golden Ticket; and (2) mail the signed and acknowledged Registration Materials to: Pittsburgh Penguins Golden Ticket Prize Drawing Event, 1001 Fifth Avenue, Pittsburgh, PA 15219.

More Definitions of Drawing Event

Drawing Event means any deficiency in the Accounts under this Depositary Agreement other than the Loss Proceeds Account, the Special Rent Reserve Account and the Distribution Account.

Drawing Event means any one or more of the following:

Drawing Event means, in respect of each Purchaser, the occurrence and continuance of (a) an Act of Bankruptcy, or (b) the failure of such Purchaser (x) to replace or renew (when required pursuant to Section 7.20) an Acceptable Letter of Credit at least thirty (30) days prior to the expiration of the Acceptable Letter of Credit being replaced or renewed or (y) to replace (when required pursuant to Section 7.20) an Acceptable Letter of Credit within ten (10) days after the earlier of the day on which such Purchaser shall (A) have been given notice by Seller that the long-term, senior unsecured debt obligations of the Issuing Bank shall cease to have a rating of not less than A by S&P or Xxxxx'x or (B) have Knowledge of such cessation.

Drawing Event means an event on any Distribution Date that is not a date on which Final Disposition proceeds are being distributed and where Party B, after giving effect to the subordination provisions of the Intercreditor Agreement and any Election Interest Payments made by the Policy Provider (but without regard to drawings under the Primary Liquidity Facility or withdrawals from the Primary Cash Collateral Account or Above-Cap Account or under the Policy (other than Election Interest Payments)), shall not have sufficient funds for the payment of any amounts due and owing in respect of accrued interest on the Class G Certificates.

Drawing Event has the meaning set forth in Section 3.1.

Drawing Event means (a) there has occurred, and is continuing at the time of reference, a Stabilization Failure with respect to a Covered Eligible Bond, or (b) the Expiration Date has occurred and at such time there remain any Covered Eligible Bonds that are secured by Properties which are not Stabilized Properties.

Drawing Event has the meaning given in the JV Agreement.