Definition of Term Drawing

  1. Term Drawing means any drawing under a Bond L/C to pay the purchase price of Bonds tendered pursuant to the terms of the applicable Indenture.

Examples of Term Drawing in a sentence

  1. The obligation of the Lenders to make each Tender Advance Revolving Loan shall be subject to the condition precedent that, on the date of the related Term Drawing, the following statements shall be true:

Definition of Term Drawing in Credit Agreement

Term Drawing means any drawing under a Bond L/C to pay the purchase price of Bonds tendered pursuant to the terms of the applicable Indenture.