Drawing means the drawing or drawings specified in or annexed to the Specifications;
Interest Drawing has the meaning assigned to such term in Section 3.6(a).
Letter of Credit Disbursement means a payment made by Issuing Lender or Underlying Issuer pursuant to a Letter of Credit.
Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).
Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.
Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).
Drawing Date shall have the meaning set forth in Section 2.12(b) hereof.
Letter of Credit Outstandings means, at any time, the sum of (i) the aggregate Stated Amount of all outstanding Letters of Credit and (ii) the amount of all Unpaid Drawings.
LOC means the entity awarded the Championships and entering into this Agreement, having executed the Attached Bid.
Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan Commitment, and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is Twenty Million Dollars ($20,000,000.00).
Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.