Liquidity Drawing definition

Liquidity Drawing means a loan made or to be made under the Liquidity Facility or deemed to be made under the Liquidity Facility Agreement.

Liquidity Drawing means an LC Disbursement resulting from the presentation of a certificate in the form of Annex E to the Letter of Credit.

Liquidity Drawing means a drawing under the Letter of Credit resulting from presentation of a certificate by the Trustee to the Bank in the form of Annex E to the Letter of Credit.

Examples of Liquidity Drawing in a sentence

• The City agrees to immediately reimburse (or cause to be immediately reimbursed) the Bank for the full amount of any Liquidity Drawing (but only if the conditions precedent contained in Section 4.2 hereof are not satisfied on the date of payment by the Bank of such Liquidity Drawing) and all other Drawings made under the Letter of Credit on the date of payment of each such Drawing.

• No Liquidity Drawing, Liquidity Advance or the Letter of Credit, use of proceeds of the foregoing or other transaction contemplated by this Agreement will violate Anti-Corruption Laws or applicable Sanctions.

• The City promises to pay to the Bank the portion of each Liquidity Advance representing the interest component of the purchase price of the Bonds on the date of such Liquidity Drawing.

• The City shall repay the principal amount of each Term Loan in installments as to principal, commencing on the first Quarterly Payment Date following the Term Loan Conversion Date, and on each Quarterly Payment Date thereafter, with the final installment in an amount equal to the then outstanding principal amount due and payable on the earlier to occur of (i) the date which is the fifth anniversary of the date the related Liquidity Drawing was made and (ii) the Maturity Date.

More Definitions of Liquidity Drawing

Liquidity Drawing means, in respect of any Bonds supported by a Bond Letter of Credit, any drawing under such Bond Letter of Credit the proceeds of which are used to pay the purchase price of such Bonds tendered for purchase by the Borrower (or any Subsidiary of the Borrower).

Liquidity Drawing shall have the meaning assigned to that term in the Xxxx XX.

Liquidity Drawing has the same meaning herein as in such Letter of Credit. “Liquidity Facility” has the meaning set forth in Appendix A to the Ordinance.

Liquidity Drawing shall have the meaning assigned to that term in the Letters of Credit.

Liquidity Drawing means a drawing made under clause 2.4 of this agreement.

Liquidity Drawing a Tender Drawing -- Principal or a Tender Drawing -- Interest (as each such term is defined in the relevant Bond Letter of Credit), the proceeds of which are to be used to fund tenders of the relevant Bonds in connection with a remarketing of the Bonds.

Liquidity Drawing. As provided in the Bonds Letter of Credit.