Examples of Interest Drawing in a sentence
Pursuant to the Indenture: (a) all of the Bonds that are allocable to the Loan shall initially bear interest at the Flexible Rate until the date, if any, upon which the Interest Rate determination method is changed as described in the Indenture, (b) while the Bonds bear interest at the Flexible Rate, interest shall be payable in arrears at the end of each applicable Flexible Rate Period, and (c) all interest on the Bonds shall be paid from the proceeds of an Interest Drawing under the Letter of Credit.
Upon each Interest Drawing under any Liquidity Facility, the Subordination Agent will be obligated to reimburse (to the extent that the Subordination Agent has available funds therefor) the Liquidity Provider for the amount of such drawing.
Any amendment, waiver or consent relating to Section 2.2 or the obligations of the Swingline Lender under this Agreement or any other Loan Document shall, in addition to the Lenders required hereinabove to take such action, require the written consent of the Swingline Lender.
Each Principal Drawing and Interest Drawing may be delivered to us in person, by mail, by a delivery service or by telecopy transmission at such number as is indicated below or as we shall notify you in writing from time to time.
After an Interest Drawing, our obligation to honor drawings under this Letter of Credit with respect to interest on Notes will be automatically reinstated on the date of our receipt of the reimbursement of all amounts due to us with respect to such Interest Drawing (in accordance with the terms of the Letter of Credit and Reimbursement Agreement), such reinstatement to be in an amount equal to the amount of such Interest Drawing.