Definition of Policy Drawing

  1. Policy Drawing means any payment of a claim under the Policy.

Examples of Policy Drawing in a sentence

  1. Notwithstanding anything to the contrary contained in this Indenture, all payments received by the Trustee in respect of a Policy Drawing (including, without limitation, that portion, if any, of the proceeds of a Policy Drawing for any Avoided Payment that is to be paid to the Trustee and not to any receiver, conservator, debtor-in-possession or trustee in bankruptcy as provided in the Policy) shall be promptly paid to the Holders of the Class G-1 Notes.

Definition of Policy Drawing in Agreement

Policy Drawing means any payment of a claim under the Policy.