Examples of Letter of Credit Draw in a sentence
Subject to Section 2.2(a) and Section 6.3, at any time during the Commitment Period, in order to exercise its right to issue and sell additional Common Stock or Warrants to Purchaser and request a Letter of Credit Draw, the Company shall concurrently deliver (i) a Draw Notice to the LOC Bank at least five Business Days prior to the applicable Additional Closing Date and (ii) a copy of any Draw Notice to Purchaser.
Subject to the terms and conditions set forth in this Agreement, including Section 2.2(c), the number of shares of Common Stock that Purchaser shall receive for each Letter of Credit Draw shall be determined by dividing the amount of the Letter of Credit Draw by the Common Stock Purchase Price.
The aggregate amount of all payments made by (i) the Company in satisfaction of claims for indemnification pursuant to Section 5.1(b) shall not exceed an amount equal to the sum of the amount of the Initial Investment plus any amounts paid to the Company pursuant to a Letter of Credit Draw (the “Cap”) and (ii) Purchaser in satisfaction of claims for indemnification pursuant to Section 5.1(c) shall not exceed the Cap.
Reconcile the electronic draw to the financial report only if an expense adjustment was made to the award that affected the expense balance since the last draw period.Both the financial status report (Federal SF269) and the cash transactions report used for the Letter of Credit Draw (SF272) are populated from the same information in PeopleSoft FMS.
The Trustee shall cause the proceeds of any demand on the Series 2015-1 Demand Note to be deposited into the Series 2015-1 Distribution Account.(ii) Letter of Credit Draw.
URI Letter of Credit Draw is $29,532,499 for expenses through June 30, 2003.
The AIG Highstar Payment Certificate or Notification of Substitute Letter of Credit Draw shall reference a TCC Obligation Notice previously delivered to AIG Highstar and state that TCC is obligated to make a payment to the Issuer referenced in the TCC Obligation Notice and specify the amount of such payment.
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Between the Petition Date and June 24, 2011, Prudential has been paid $17,300,000 from the Letter of Credit Draw, $83,322,017 from the Hotel Sale (as defined and discussed below) and approximately $26,827,781 from sales of Residences.4 The Prudential Loan Claim shall include post-petition interest, as provided for under the Prudential Loan Documents, from the Petition Date through and including the Confirmation Date.
In the event that the AIG 11 <PAGE> Highstar Payment Certificate or Notification of Substitute Letter of Credit Draw is for an amount less than the amount specified in the original TCC Obligation Notice, such TCC Obligation Notice immediately shall be reduced by the amount set forth in the AIG Highstar Payment Certificate or Notification of Substitute Letter of Credit Draw paid by the issuing bank.