Definition of Tender Drawing

  1. 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.

Examples of Tender Drawing in a sentence

  1. As security for the payment of the obligations of the Borrowers in respect of LC Loans, SWMP will pledge to Collateral Agent, and grant to Collateral Agent a security interest in, its right, title and interest in and to Bonds delivered to the Trustee for the account of the LC Issuer in connection with any Tender Drawing (herein called Pledged Bonds), pursuant to a pledge agreement in the form of Exhibit D-4 (the Bond Pledge Agreement).

Definition of Tender Drawing in Reimbursement Agreement

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.