VRDN definition

VRDN means, at any time, a variable rate demand note having, at the time of acquisition, (a) in the case of long term notes (greater than 90 days to maturity), a long term rating of A or higher by S&P or Fitch, or (b) in the case of short term notes, a short term rating of A-1 or higher by S&P or F-1 or higher by Fitch.
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VRDN means Variable Rate Demand Notes.
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Examples of VRDN in a sentence

  • All references in the Note, the Collateral Pledge Agreement, and the other Credit Documents to “the Loan Agreement (Broker-Dealer VRDN Facility)”, and any other references of similar import shall henceforth mean the Agreement as amended by this Amendment.

  • LANDLORD: LTF REAL ESTATE VRDN I, LLC, a Delaware limited liability company By: ▇▇▇▇ ▇.

  • This Note amends, restates and replaces the Revolving Credit Note (Broker-Dealer VRDN Facility) dated September 30, 2008, and is not a novation thereof.

  • MORTGAGOR: LTF REAL ESTATE VRDN I, LLC, a Delaware limited liability company By: Name: Title: STATE OF MINNESOTA ) ) ss.

  • On the Date of Issuance, the Remarketing Agent shall deliver to the Borrower a certificate identifying each officer of the Remarketing Agent qualifying as a VRDN Product Manager on such date, and each such officer's title, address and telephone number.

  • LESSOR: LTF REAL ESTATE VRDN I, LLC, a Delaware limited liability company By Name: ▇▇▇▇ ▇.

  • On the last day of the applicable Interest Period as to any amounts deposited to the Cash Collateral Account pursuant to CLAUSE (a) above or if a drawing under the VRDN Letter of Credit or a Letter of Credit occurs with respect to any amounts deposited to the Cash Collateral Account pursuant to CLAUSE (b) above, each Borrower hereby authorizes the Agent to use the monies deposited in the Cash Collateral Account to make payment to the payee with respect to such Loan or drawing.

  • Such Supporting Letter of Credit or Cash Collateral shall be held by the Agent for the benefit of the Lenders, as security for, and to provide for the payment of, the Reimbursement Obligations and all reimbursement and other obligations with respect to the VRDN Letter of Credit.

  • LTF Real Estate VRDN I, LLC has caused this Note to be executed in its name and on its behalf by the manual signature of an authorized representative of Borrower as of the date set forth above.

  • In connection therewith, Kell▇▇▇▇▇ ▇▇▇ll also deliver to the Agent, at Kell▇▇▇▇▇'▇ ▇▇▇ense, a mortgagee title insurance policy in favor of the Agent and the Lenders insuring such VRDN Mortgage to create and convey such Lien, subject only to such exceptions consented to by the Agent, and shall deliver to the Agent the other items set forth in SECTION 5.1(d)(xvii), (xxi), (xxii) and (xxiii) with respect to such VRDN Real Estate, all in form and substance satisfactory to the Agent.

Related to VRDN

  • Nightclub means an establishment that provides

  • Pioneer or the "Company" means Pioneer Natural Resources Company and its subsidiaries.

  • GPS means Global Positioning System.

  • DNR means the Washington State Department of Natural Resources, acting through an authorized employee.

  • Crop Tree means the largest undamaged conifer trees with good form and free of disease.