Commercial Paper Notes. All conditions precedent for the issuance of the Commercial Paper Notes hereunder and under the Ordinance shall have been satisfied.
Commercial Paper Notes. On any day, any short-term promissory notes issued by any Conduit Lender with respect to financing any Advance hereunder that are allocated, in whole or in part, by such Conduit Lender to fund or maintain the Outstanding Borrowings.
Commercial Paper Notes. Each Note (including all Bank Notes) has been duly and validly issued under the Resolution or the Credit Agreement Resolution, as applicable, and are entitled to the benefits thereof.
Commercial Paper Notes. (a) Book-Entry Commercial Paper Notes shall be represented by one or more master notes ("Master Note" or "Master Notes") which shall be executed by manual or facsimile signature by an Authorized Representative (as hereafter defined). Bank will hold the Master Note(s) in safekeeping for the account of DTC, in accordance with Bank's customary practice.
Commercial Paper Notes. On any day, any short-term promissory notes issued by a Conduit Lender, if any.
Commercial Paper Notes. Short-term promissory notes issued or to be issued by VFCC.
Commercial Paper Notes. The term "COMMERCIAL PAPER NOTES" means asset-backed short-term promissory notes to be issued by the CP Issuer, each such Commercial Paper Note (a) having a maturity at the time of issuance of not more than 270 days and (b) not containing any provision for extension, renewal or automatic "rollover". The Commercial Paper Notes will be issued in such face amounts (but not less than $200,000 each ($10,000 if purchased by the Dealer for its own account) and integral multiples of $1,000 in excess thereof) and will be sold at such discounts from their CP Matured Values as shall be approved by the CP Issuer. No interest-bearing Commercial Paper Notes will be issued.
Commercial Paper Notes. Short-term promissory notes issued by Lender to fund its Loans or investments in receivables or other financial assets.
Commercial Paper Notes. It is understood and agreed that the provisions of this Letter of Credit are intended to provide for payment of the Commercial Paper Notes at their maturity. Accordingly, in actions taken by you as beneficiary of the Letter of Credit you shall not be acting as an agent of the Company but exclusively as fiduciary on behalf of the holders of Commercial Paper Notes. This Letter of Credit shall expire with respect to each commercial Paper Note authenticated and delivered or identified on the records of DTC's book-entry system pursuant to the Depositary Agreement at the earlier of (i) payment of such Commercial Paper Note, or (ii) 5:00 P.M. New York time on the fifteenth day after the maturity date of such Commercial Paper Note (or, if such day is not a Business Day, the first Business Day thereafter). In no event shall this Letter of Credit remain in effect after 5:00 P.M. New York time on December 16, 1992. This Letter of Credit sets forth in full the terms of our undertaking and this undertaking shall not in any way be modified, amended or amplified by reference to any document, instrument or agreement referred to herein or to which this Letter of Credit relates, and any such reference shall not be deemed to incorporate by reference any such document, instrument or agreement.
Commercial Paper Notes. DTFC agrees that each promissory note constituting a Commercial Paper Note shall (a) be substantially in the form of Exhibit A to the Depositary Agreement or substantially in the form of the Master Note attached as Exhibit E to the Depositary Agreement, and be completed in accordance with this Liquidity Agreement and the Depositary Agreement (including any provisions for book-entry securities contained therein), (b) be dated the date of issuance thereof, (c) be made payable to the order of a named payee or bearer, (d) have a maturity date which shall not be later than the earlier of (i) the third Business Day prior to the earliest of the Scheduled Liquidity Commitment Termination Date and the Series 1998-1 Letter of Credit Expiration Date in effect on the date of issuance thereof and (ii) the date which is 58 days after the date of issuance thereof, (e) be in a face amount of at least $100,000 and an integral multiple of $1,000, and (f) be exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 3(a)(3)
