Unpaid Drawing definition

Unpaid Drawing shall have the meaning provided in Section 3.4(a).

Unpaid Drawing shall have the meaning provided for in Section 2.05(a).

Unpaid Drawing means, with respect to any Letter of Credit, the aggregate Dollar amount of the draws made on such Letter of Credit that have not been reimbursed by the applicable Borrower or the applicable LC Obligor or converted to a Revolving Loan pursuant to Section 2.05(f)(i), and, in each case, all interest that accrues thereon pursuant to this Agreement.

Examples of Unpaid Drawing in a sentence

• The Administrative Agent shall use the proceeds of such Revolving Credit Loans solely for purpose of reimbursing the Letter of Credit Issuer for the related Unpaid Drawing.

• Such Loans made in respect of such Unpaid Drawing on such Reimbursement Date shall be made without regard to the Minimum Borrowing Amount and without regard to the satisfaction of the conditions set forth in Section 7.

• The Administrative Agent shall use the proceeds of such Revolving Credit Loans solely for the purpose of reimbursing the Letter of Credit Issuer for the related Unpaid Drawing.

• Such Revolving Credit Loans made in respect of such Unpaid Drawing on such Required Reimbursement Date shall be made without regard to the Minimum Borrowing Amount and without regard to the satisfaction of the conditions set forth in Section 7.

• The Administrative Agent shall use the proceeds of such Loans solely for purpose of reimbursing the relevant Issuing Bank for the related Unpaid Drawing.

More Definitions of Unpaid Drawing

Unpaid Drawing has the meaning set forth in Section 2.10(d).

Unpaid Drawing shall have the same meaning for such term as set forth in the Credit Agreement;

Unpaid Drawing. As defined in Section 2.12.

Unpaid Drawing drawings on Letters of Credit that have not been reimbursed by the applicable Borrower.

Unpaid Drawing as defined in Section 3.4(a).

Unpaid Drawing means, with respect to any Letter of Credit, the aggregate Dollar or Dollar Equivalent amount, as applicable, of the draws made on such Letter of Credit that have not been reimbursed by the Borrower or the applicable LC Obligor or converted to a Revolving Loan pursuant to Section 2.05(f)(i), and, in each case, all interest that accrues thereon pursuant to this Agreement.

Unpaid Drawing. As defined in Section 2.11.