Principal Purchase Drawing definition

Principal Purchase Drawing means a drawing pursuant to Annex C of the Letter of Credit.
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Principal Purchase Drawing means a drawing under the Letter of Credit pursuant to a Purchase Drawing to pay the portion of the purchase price of Eligible Bonds representing the principal amount of Eligible Bonds to be purchased.
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Principal Purchase Drawing shall have the meaning assigned to that term in the Letter of Credit.
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Examples of Principal Purchase Drawing in a sentence

  • Upon any disbursement made under the Letter of Credit pursuant to a Principal Purchase Drawing, the Co-Paying Agent (as defined in the Second Trust Agreement) shall hold for the benefit of the Bank under the Pledge Agreement any Remarketing Certificates purchased with the proceeds of such Principal Purchase Drawing until such time as such Certificates are remarketed, redeemed or canceled.

  • Pursuant to the Pledge Agreement, the Borrower has agreed to pledge to the Bank, and grant to the Bank a security interest in, its right, title and interest in Certificates purchased with the proceeds of any Principal Purchase Drawing and delivered to the Bank (the "Remarketing Certificates"; such Certificates when released by the Bank pursuant to Section 5 of the Pledge Agreement shall cease to be Remarketing Certificates).

  • In satisfaction of its obligation to reimburse the Bank for any amount drawn under the Letter of Credit, the Borrower hereby agrees to (i) pay to the Bank the amount of each Interest Drawing and each Interest Purchase Drawing on the day such drawing is honored by the Bank and (ii) to pay to the Bank the amount of each Principal Drawing and each Principal Purchase Drawing on the day such drawing is honored by the Bank.


More Definitions of Principal Purchase Drawing

Principal Purchase Drawing means a drawing under the Letter of Credit pursuant to a Purchase Drawing, as defined in the Letter of Credit, to pay the portion of the purchase price of Bonds representing the principal amount of Bonds to be purchased. The Principal Purchase Drawing for each Purchase Drawing is set forth in paragraph 3(a) of the certificate submitted for such Purchase Drawing.
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Related to Principal Purchase Drawing

  • Final Purchase Date means the final date on which a purchase and sale of Loans and their Related Security is completed pursuant to the terms of the Mortgage Sale Agreement;

  • Optional Purchase Date As defined in Section 8.01(a) of the Servicing Agreement. Optional Purchase Percentage: 10.00%.

  • Original Purchase Date means with respect to any Loan, the date such Loan was purchased by Town Hall Funding from the Master Depositor pursuant to the Conveyance Agreement.

  • Incremental Purchase means a purchase of one or more Purchaser Interests which increases the total outstanding Aggregate Capital hereunder.

  • Aggregate Supplemental Purchase Amount with respect to this Supplemental Transfer Agreement shall be $________; provided, however, that such amount shall not exceed the amount on deposit in the Supplemental Loan Account.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Final Purchase Price has the meaning set forth in Section 2.02.

  • Initial Purchase Date means the date of the Initial Purchase.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Principal Paying Agent means the Principal Paying Agent as specified in § 2 (1) of the General Conditions.

  • Principal Payment Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

  • Optional Purchase Price has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement.

  • Defaulted Note Purchase Date shall have the meaning assigned to such term in Section 12.

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

  • REMIC Certificate Maturity Date The "latest possible maturity date" of the Regular Certificates as that term is defined in Section 2.07.

  • Series 2020 Bonds means the Series 2020A Bonds and the Series 2020B Bonds.

  • Optional Purchase Percentage means 5%.

  • Series 2015 Bonds means, collectively, the Series 2015B Bonds, Series 2015C Bonds and Series 2015D Bonds.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • VWAP Purchase Amount means, with respect to any particular VWAP Purchase Notice, the portion of the Available Amount to be purchased by the Buyer pursuant to Section 1(c) hereof pursuant to a valid VWAP Purchase Notice which requires the Buyer to buy the VWAP Purchase Share Percentage of the aggregate shares traded on the Principal Market during normal trading hours on the VWAP Purchase Date up to the VWAP Purchase Share Volume Maximum, subject to the VWAP Minimum Price Threshold.

  • Optional Redemption Pricing Date means a Valuation Date on which a Redemption Order is determined to be valid and accepted by or on behalf of the Issuer in accordance with the terms of the LS Operating Procedures Agreement.

  • Initial Optional Purchase Date The first Distribution Date following the date on which the Aggregate Loan Balance is less than 10.00% of the Cut-off Date Balance.

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 77% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date. Servicer: Calmco, or its successors in interest, as applicable.

  • Subsequent Notes means any Notes issued after the First Issue Date on one or more occasions.

  • Subordinate Principal Prepayments Distribution Amount For any Distribution Date, the Subordinate Prepayment Percentage of the Principal Prepayment Amount.