Tender Drawing definition

Tender Drawing means such drawings, plans, sketches and details as are issued together with the Employer's Specification for the purpose of preparing Tenders.

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Tender Drawing has the meaning assigned to that term in the Letter of Credit.

Tender Drawing means a drawing under the Letter of Credit to pay the portion of the Purchase Price of the Bonds allocable to principal.

Examples of Tender Drawing in a sentence

If the Issuing Bank shall honor any Tender Drawing and if the conditions precedent set forth in Section 5.03 of this Agreement have been satisfied as of the date of such honor, then, each Participating Bank's payment made to the Issuing Bank pursuant to Section 3.07 hereof in respect of such Tender Drawing shall be deemed to constitute an advance made for the account of the Account Party by such Participating Bank (each such advance being an "Initial Advance" made by such Participating Bank).
In addition, and without limiting the provisions of the Letter of Credit, the Letter of Credit - Principal Component shall be reduced in an amount equal to any draw to pay principal of the Bonds (including any Tender Drawing), but, with respect to any Tender Drawing, such amount will be reinstated upon receipt by the Trustee of notice from the Bank that the Tender Advance applicable thereto has been repaid.
Each Tender Advance shall be in an amount equal to a corresponding Tender Drawing and the proceeds of such Tender Advance shall be applied by the Bank automatically to the payment in full of such Tender Drawing.
If less than all of such Bonds are resold, then prior to or simultaneously with such resale the Company shall prepay or cause to be prepaid a portion (as specified below) of the then outstanding principal amount (pursuant to Section 2.04) or Advance arising pursuant to such Tender Drawing, together with all interest thereon to the date of such prepayment.
The portion of such principal amount or such Advance to be prepaid shall be determined by multiplying such principal amount or such Advance by a fraction, the numerator of which shall be the principal amount of the Bonds resold and the denominator of which shall be the principal amount of all of the Bonds purchased with the proceeds of the relevant Tender Drawing.

More Definitions of Tender Drawing

Tender Drawing means any draw upon the Letter of Credit pursuant to a draft accompanied by a certificate in the form of Annex C or D to the Letter of Credit for the purchase price of the Bonds which are tendered for repurchase pursuant to Article IV of the Indenture.

Tender Drawing means a drawing under the Letter of Credit resulting from the presentation of a certificate in the form of Exhibit 2 to the Letter of Credit.

Tender Drawing means a drawing prepared by the Engineer for Tendering purpose only

Tender Drawing means any C Drawing and the related D Drawing under the Letter of

Tender Drawing means a drawing under the Bond Letter of Credit to pay the purchase price of Bonds in the amount set forth in Sections 501 through 505 of the Bond Trust Indenture and not remarketed by the Remarketing Agent on the date such Bonds are to be purchased.

Tender Drawing means any drawing under the Letter of Credit pursuant to a drawing certificate in the form of Annex B to the Letter of Credit.

Tender Drawing means a C Drawing or a D Drawing.