Interest Draw definition

Interest Draw shall have the meaning assigned thereto in the Letter of Credit Reimbursement Agreement.
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Interest Draw has the meaning set forth in the seventh paragraph of the Letter of Credit.
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Interest Draw has the meaning set forth in the Letter of Credit.
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Examples of Interest Draw in a sentence

  • The Collateral Agent requests an Interest Draw in the amount of the accompanying draft to pay the fees due and payable under the Reimbursement Agreement.

  • Upon receipt of such notice, the Trustee shall execute a Note Payment Draw Certificate and shall make a draw (an "Interest Draw") under the Letter of Credit in an amount equal to the Interest Draw Amount, by delivering such Note Payment Draw Certificate to L/C Issuer (with a copy to the Authority and L/C Provider).

  • All Note Payment Draw Amounts (other than Interest Draw Amounts and Principal Draw Amounts) shall be delivered to the Trustee to be used to make payments on the Senior Notes or otherwise as set forth in the Indenture.

  • Any Interest Draw Amounts received pursuant to Section 2.1.1 shall be immediately deposited into the Interest Payment Account established pursuant to the Cash Collateral and Disbursement Agreement for distribution to the Holders.

  • If the Authority fails to deliver the notice as contemplated by the foregoing sentence, and the Interest Draw Amount is positive, then the Trustee shall make such Interest Draw in the amount of the Interest Draw Amount without the participation of the Authority by delivering a Note Payment Draw Certificate completed in the manner described above to L/C Issuer (with a copy to the Authority and L/C Provider).

  • Pursuant to Section 4.12(d): --------------------------- Class B Interest Draw Amount in respect of the preceding Monthly Period.........................$_______ 3.

  • One or more Vessels has been Delivered to the Owners on or prior to the date hereof and the Collateral Agent is entitled to make an Interest Draw under the Letter of Credit pursuant to the terms of the Intercreditor Agreement, the First Priority Indenture and the Second Priority Indenture.

  • The Collateral Agent requests an Interest Draw in the amount of the accompanying draft to pay a First Priority Note Interest Shortfall of $_______ that is not attributable to Additional Interest.

  • The Collateral Agent is the Collateral Agent under the Intercreditor Agreement and has been directed by the Trustee under the Second Priority Indenture to request this Interest Draw.

Related to Interest Draw

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Term Advance has the meaning specified in Section 2.01(a).

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.