Examples of Tender Advances in a sentence
No payment of principal under such Tender Advances or demand loans or hereunder shall reduce the stated principal amount of the Bonds of this series unless, and only to the extent that, the Reimbursement Agreement shall be terminated concurrently therewith in accordance with the provisions of Section 2.02(c) of the Reimbursement Agreement.
All interest (including, without limitation, interest on Tender Advances) and fees hereunder shall be computed on the basis of the actual number of days elapsed over a 360-day year and shall include the first day but exclude the last day of the relevant period.
At any time that Bonds are held under the Pledge Agreement, the Administrative Agent, at the request of the Trustee, shall notify such Trustee of the rate of interest applicable to, and interest payment dates for, outstanding Tender Advances relating to such Pledged Bonds.
With respect to payments of Tender Advances made by any Trustee to any LC Issuer, such payments, when such LC Issuer shall also have received certificates completed and signed by the Trustee in substantially the form provided in the applicable Xxxx XX, shall be applied by the Administrative Agent in reimbursement of such drawings (and as prepayment of Tender Advances resulting from such drawings in the manner described above).
To the extent that the Administrative Agent receives interest payable on account of any Pledged Bonds such interest received shall be applied and credited against accrued and unpaid interest on the Tender Advances that financed the Tender Drawing in respect of which such Pledged Bonds were purchased.
The Company hereby agrees to pay to the Bank the aggregate unpaid principal amount of all Tender Advances, together with all accrued and unpaid interest thereon, on the Termination Date.
The Tender Advances shall be made against and evidenced by and repayable as provided in the Reimbursement Note.
No payment of principal under such Tender Advances or demand loans or hereunder shall reduce the stated principal amount of the bonds of this series unless, and only to the extent that, the Reimbursement Agreement shall be terminated concurrently therewith in accordance with the provisions of Section 2.02(c) of the Reimbursement Agreement.
The proceeds of the Loans may be used only for Tender Advances and Refunding Loans.
Notwithstanding the foregoing, this subsection (a) shall have no force or effect if and for so long as the Obligations are secured by First Mortgage Bonds and/or cash collateral in an aggregate principal amount at least equal to the sum of (x) the Available Amount and (y) the aggregate outstanding principal amount of all unreimbursed Letter of Credit drawings, demand loans hereunder and Tender Advances.