C Drawing definition

C Drawing shall have the meaning specified in the Letter of Credit which shall be a drawing in respect of the payment of interest, or the portion of the purchase price of Bonds corresponding to interest, on the Bonds.

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C Drawing shall have the meaning ascribed to such terms in the Letter of Credit.

C Drawing means any draw in the form of Annex C to the Letter of Credit made under the Letter of Credit to pay the principal amount of those Bonds which the Remarketing Agent has been unable to remarket within the time limits established in the Indenture.

Examples of C Drawing in a sentence

Such interest shall be payable in arrears on the first day of each month following such C Drawing and on the date that such C Drawing is reimbursed in full to Bank.
Such interest shall be payable in arrears on the first day of each month following such C Drawing and on the date that such C Drawing is reimbursed in full to the Bank.
In addition, Borrower shall pay to Bank interest on the unreimbursed amount of each C Drawing at a variable per annum rate equal to the Base Rate per annum plus 2.75% from the date such C Drawing is paid by Bank until the amount of such C Drawing is reimbursed in full to Bank.
Any C Drawing remaining unreimbursed after 90 days from date of advance shall bear interest at a variable per annum rate equal to the Commercial Base Rate plus 2% until reimbursed in full to the Bank.
In addition, Borrower shall pay to Bank interest on the unreimbursed amount of each C Drawing at a variable per annum rate equal to the Base Rate per annum plus the Applicable Margin from the date such C Drawing is paid by Bank until the amount of such C Drawing is reimbursed in full to Bank.

C Drawing shall have the meaning specified in the Letter of Credit which shall be a drawing in respect of the payment of interest, or the portion of Purchase Price corresponding to interest, on the Bonds.

C Drawing and "D Drawing" as such terms are defined in the Letter of Credit.

C Drawing means any drawing under the Letter of Credit made pursuant to Section 31 of the Seventh Supplement for the payment of the portion of the Purchase Price equal to the principal amount of Bonds (other than any Bank Bonds and Bonds owned by or on behalf of the Issuer) tendered pursuant to Section 6 of the Seventh Supplement upon presentation of a certificate in the form of Annex C to the Letter of Credit.

C Drawing means a drawing made by sight draft accompanied by a certificate in the form of Exhibit C to Annex 1 hereto to pay the portion of the redemption price of Bonds corresponding to the principal amount of such Bonds redeemed by the Issuer pursuant to the Indenture and delivered to the Trustee for cancellation, or to pay the principal portion of the Bonds at their stated maturities or upon acceleration of payments due on such Bonds pursuant to the Indenture.

C Drawing. For the payment of interest due and payable on the Bonds. The undersigned, a duly authorized officer of the Trustee named below (the "Trustee"), hereby certifies to Central Fidelity National Bank (the "Bank"), with reference to Irrevocable Letter of Credit No. SB-013200 (the "Letter of Credit") (any capitalized term used herein and not defined shall have its respective meaning as set forth in the Letter of Credit) issued by the Bank in favor of the Trustee, that: