Examples of Standby Drawing in a sentence
A Liquidity Facility Stand-by Drawing shall also be made if the Liquidity Facility is not renewed following its commitment termination date.
Prior to the delivery of a Loan Enforcement Notice, if a drawing is made or any other amount is outstanding under any Borrower Liquidity Facility Agreement (other than a Standby Drawing), no Borrower will be permitted to make any subsequent payment of or in respect of its Senior Debt (or, where such payment would otherwise be permitted by the terms hereof, make any Restricted Payment) unless and until all amounts owing under the relevant Borrower Liquidity Facility Agreement have been paid in full.
Each date upon which such Stand-by Drawing is made is a Liquidity Drawdown Date.
In the event of a Stand-by Drawing being made, the amount of such drawing deposited into the Transaction Account will be transferred to the relevant GIC Account.
A Cash Advance Facility Stand-by Drawing shall also be made if the Cash Advance Facility is not renewed following its commitment termination date.
A Liquidity Facility Stand-by Drawing credited to the Liquidity Facility Stand-by Drawing Account may be utilised by the Issuer in the same manner as described in Availability above.
Stand-by Drawing may be made or requested to be made after the end of the Funding 1 Liquidity Facility Commitment Period.
Amounts so credited to the Transaction Account may be utilised by the Issuer in the same manner as if the Liquidity Facility Stand-by Drawing had not been made.
Subject to the following sentence, any repayment of the Liquidity Facility after the Liquidity Facility Stand-by Drawing shall be made to the Liquidity Facility Stand-by Drawing Account.
Upon utilisation of a Liquidity Facility Drawing from the Liquidity Facility Stand-by Drawing Account, the Liquidity Facility Stand-by Drawing Account shall be debited for an amount equal to such Liquidity Facility Drawing and such amount will be credited to the Interest Account to be applied by or on behalf of the Issuer in accordance with the Liquidity Facility Agreement.