Interest Draft definition
Examples of Interest Draft in a sentence
The provisions of this paragraph providing for the reinstatement of your right to draw on us by your Interest Draft in a succeeding single drawing shall be applicable to each successive drawing by your Interest Draft under clause (1) of the immediately preceding paragraph so long as this Letter of Credit shall not have terminated as set forth below.
In the event of a drawing under any Letter of Credit with an Interest Draft, the Interest Portion of the Letter of Credit Amount shall, as provided in the applicable Letter of Credit and subject to the conditions therein set forth, be automatically reinstated by an amount equal to the amount of such drawing.
U.S. BANK NATIONAL ASSOCIATION, as Trustee By: Name: Title: * To be used in the Certificate relating to the first Interest Draft only.
FIRST UNION NATIONAL BANK, as Trustee By: ____________________________________ Name: ___________________________ Title: ___________________________ ------------------- * To be used in the Certificate relating to the first Interest Draft only.
In the event of a drawing under the Letter of ------------- Credit with an Interest Draft, the Interest Component of the Letter of Credit Amount shall, as provided in the Letter of Credit and subject to the conditions therein set forth, be automatically reinstated by an amount equal to the amount of such drawing.
In the event of a drawing under any Letter of Credit with an Interest Draft, the Interest Portion of the Letter of Credit Amount shall, as provided in the applicable Letter of Credit and subject to the conditions therein set Credit Amount shall, forth, be automatically reinstated by an amount equal to the amount of such drawing.
In the event of a drawing under the Letter of Credit with an Interest Draft, the Interest Component of the Letter of Credit Amount shall, as provided in paragraph 6 of the Letter of Credit and subject to the conditions therein set forth, be automatically reinstated by an amount equal to the amount of such drawing.
In the event of a drawing under the Letter of ------------- Credit with an Interest Draft, the Interest Component of the Letter of Credit Amount shall, as provided in paragraph 6 of the Letter of Credit and subject to the conditions therein set forth, be automatically reinstated by an amount equal to the amount of such drawing.
BRANCH BANKING AND TRUST COMPANY, as Credit Facility Trustee By: Name: Title: * To be used in the Certificate relating to the first Interest Draft only.
BRANCH BANKING AND TRUST COMPANY, as Credit Facility Trustee By: __________________________ Name: ___________________ Title: ___________________ ________________ * To be used in the Certificate relating to the first Interest Draft only.