Examples of Liquidity Provider in a sentence
Permit or cause the redemption (pursuant to the terms of the Ordinance) of any and all Liquidity Provider Bonds prior to selecting, or causing to be selected, for redemption any Bonds that are not Liquidity Provider Bonds.
The Bonds, the Liquidity Provider Bonds and the other Obligations of the City hereunder are secured by an irrevocable Lien on and pledge of, and are payable solely from the Security; and such Lien and pledge of the Security shall be (i) pari passu with the Lien on the Security granted in support of the Parity Obligations under the Ordinance and (ii) prior in right and claim as to any other indebtedness, liability or obligation (other than Parity Obligations) of the City payable from the Security.
On the effective date of such Alternate Credit Facility or an Alternate Liquidity Facility, any and all Obligations due hereunder and all principal and interest due on the Liquidity Provider Bonds shall be payable in full to the Bank.
In the event of any such grant by such Conduit Lender of a participating interest to a Liquidity Provider or other Program Support Provider, such Conduit Lender shall remain responsible for the performance of its obligations hereunder.
The Bonds, the Liquidity Provider Bonds and the other Obligations constitute Parity Bonds or Parity Obligations, as applicable, under the Ordinance.