Common use of Documents to be presented Clause in Contracts

Documents to be presented. Funds under this Letter of Credit are available to you, against presentment to us of the following drawings (collectively, a "DRAWING") in accordance with Section 6 below: (a) in the case of a demand for payment of the unpaid interest accrued on the Bonds, a certificate signed by you in the form of Exhibit A hereto appropriately completed (an "INTEREST DRAWING"); (b) in the case of a demand for payment of the unpaid principal of the Bonds, a Certificate signed by you in the form of Exhibit B hereto appropriately completed (a "PRINCIPAL DRAWING"); and (c) in the case of a demand for payment of the Purchase Price of the Bonds pursuant to Article IV of the Bond Indenture, a certificate signed by you in the form of Exhibit C hereto appropriately completed (a "PURCHASE Drawing").

Appears in 1 contract

Sources: Letter of Credit Reimbursement Agreement (Wellsford Real Properties Inc)

Documents to be presented. Funds under this Letter of Credit are available to you, against presentment to us of the following drawings (collectively, a "DRAWINGDrawing") in accordance with Section 6 below: (a) in the case of a demand for payment of the unpaid interest accrued on the Bonds, a certificate signed by you in the form of Exhibit A hereto appropriately completed (an "INTEREST DRAWINGInterest Drawing"); (b) in the case of a demand for payment of the unpaid principal of the Bonds, a Certificate signed by you in the form of Exhibit B hereto appropriately completed (a "PRINCIPAL DRAWINGPrincipal Drawing"); and (c) in the case of a demand for payment of the Purchase Price of the Bonds pursuant to Article IV of the Bond Indenture, a certificate signed by you in the form of Exhibit C hereto appropriately completed (a "PURCHASE Purchase Drawing").

Appears in 1 contract

Sources: Letter of Credit Reimbursement Agreement (Wellsford Real Properties Inc)