Liquidity Account. The "startup day" of each REMIC for purposes of the REMIC Provisions is the Closing Date.
Liquidity Account. All loss, if any, from such investments shall become a charge to the Class A-6 Liquidity Account.
Liquidity Account. The Original Guarantor shall procure that from the date of this Agreement, a balance of $8,000,000 shall be credited to the Liquidity Account, increasing to $9,000,000 from the first Drawdown Date in respect of a New Vessel Tranche.
Liquidity Account. On or prior to the Closing Date, the Accounts Agent shall establish and maintain a segregated trust account no. 33114, in the name of the Trustee in its trust capacity and entitled "Liquidity Account" (the "Liquidity Account"). The Liquidity Account shall be funded (i) on the Closing Date with the net proceeds from the issuance and sale of the Initial Bonds in an amount equal to the Liquidity Reserve Required Balance as of the Closing Date and (ii) by a transfer of funds, if any, from the Collections Accounts to the Liquidity Account in accordance with clause (v) of Section 502(b). At any time, and from time to time, EP may deliver to the Trustee, for allocation to the Liquidity Account in satisfaction of all or a portion of the then applicable Liquidity Reserve Required Balance (1) one or more letters of credit (each, a "Letter of Credit") or (2) for so long as EP has a Required Credit Rating from Moody's and Standard & Poor's with respect to its short-term debt obligations, a guaranty from EP in favor of the Trustee (a "Withdrawal Guaranty"), substantially in the form of Exhibit F. Each such Letter of Credit described in this Section 503(a)(2) (A) shall be from a bank or trust company authorized to engage in the banking business having a combined capital and surplus of at least $500,000,000 or the equivalent thereof whose long-term unsecured debt is rated "A" (or its equivalent) or higher by Standard & Poor's or "A2" (or its equivalent) or higher by Moody's or, if both such rating agencies are no longer rating unsecured debt of banks or trust companies, a comparable rating of another internationally recognized rating agency selected by the Issuer, (B) shall name the Trustee as its sole beneficiary, (C) shall provide that the Trustee may unconditionally draw, upon presentation of the documentation required by such Letter of Credit, under any circumstances that would otherwise permit withdrawals from the Liquidity Account or at any time within thirty (30) days before the expiration of such Letter of Credit (unless such Letter of Credit is replaced with another Letter of Credit that meets the requirements of this Section 503)) and (D) shall provide that the reimbursement obligations thereunder will not be for the account of the Issuer. Upon delivery of one or more Letters of Credit or a Withdrawal Guaranty, as the case may be, in satisfaction of all or a portion of the Liquidity Reserve Required Balance, the Trustee shall, as specified in an Officer's Certi...
Liquidity Account. “Liquidity Account” shall have the meaning ascribed to such term in paragraph 5.6 of this Agreement.
Liquidity Account. Throughout the term of the Loan, Borrower shall maintain the Liquidity Account in accordance with the requirements of paragraph
Liquidity Account. 2.1. The Liquidity Provider opens an account (hereinafter referred to as “the Liquidity Account”) for the Issuer, on which all transactions carried out by the Liquidity Provider under the Contract on behalf of the Issuer are recorded. No transaction other than those provided for in the Contract shall be recorded on the Liquidity Account.
2.2. Under no circumstances may the Liquidity Account show a debit balance on its cash part or on its securities part.
2.3. To enable the Liquidity Provider to carry out the interventions provided for in the Contract, the Issuer, in accordance with the provisions of Article 10, credits the Liquidity Account with: - the sum of 200 000 euros.
2.4. The conditions under which the Issuer may allocate cash and securities resources to the credit of the Liquidity Account are subject to restrictions specified in Article 4, paragraph 6 of the AMF Decision, as mentioned in Article 10.
Liquidity Account. (a) On or prior to the Closing Date, the Trustee shall establish and maintain a segregated trust account no. 30537, created and established by the Trustee in its trust capacity in its Corporate Trust Office and entitled "Liquidity Account" (the "Liquidity Account"). The Liquidity Account shall be funded (i) on the Closing Date with the net proceeds from the issuance and sale of the Bonds in an amount equal to the Liquidity Reserve Required Balance as of the Closing Date and (ii) by a transfer of funds, if any, from the Collections Accounts to the Liquidity Account in accordance with clause (v) of Section 502(b). At any time, and from time to time, EPEC may deliver to the Trustee, for allocation to the Liquidity Account in satisfaction of all or a portion of the then applicable Liquidity Reserve Required Balance (1) one or more letters of credit (each, a "Letter of Credit") or (2) for so long as EPEC has a Required Credit Rating with respect to its long-term debt obligation from Standard & Poor's and Moody's, a guaranty from EPEC in favor of the Trustee (a "Withdrawal Guaranty"), substantially in the form of Exhibit F. Each Letter of Credit (A) shall be from a financial institution rated at least Aa3 (or its equivalent) by Moody's and AA- (or its equivalent) by Standard & Poor's, (B) shall name the Trustee as its sole beneficiary, (C) shall
Liquidity Account. (a) The Borrower shall cause to be deposited into the Liquidity Account (which, in each case, may be from the proceeds of any Loan extended on a Drawdown Date): (i) on the first Drawdown Date after the Closing Date, an amount equal to $1,000,000; (ii) on the third Drawdown Date after the Closing Date, an amount equal to the amount required to cause the balance in the Liquidity Account to be equal to the Liquidity Account Required Amount; and (iii) on the Drawdown Date on which the sum of the principal balance of each Loan as of its Drawdown Date (regardless of subsequent principal repayment) exceeds 25% of the Maximum Loan Amount, an amount equal to the amount required to cause the balance in the Liquidity Account to be equal to the Liquidity Account Required Amount. - 26 - (b) If the Servicer determines, with respect to any Collection Period, that a Shortfall will exist on the related Payment Date, (a) the Servicer will give the Security Trustee notice of the amount of such Shortfall in the Monthly Report in sufficient detail to permit the Security Trustee to determine the amount of the Shortfall and (b) on the related Payment Date, prior to applying amounts in accordance with Section 8.01, the Security Trustee will deposit the amount of any Shortfall into the Collections Account from the Liquidity Account and shall comprise part of the Available Collections Amount for such Payment Date.
Liquidity Account. 67 Section 13.04. Credit Enhancement........................................................ 68 Section 13.05. Reports by Trustee to Holders............................................. 68 Section 13.06. Trust Estate.............................................................. 68 -iv- These STANDARD TERMS AND CONDITIONS OF TRUST AGREEMENT dated as of January 1, 1995 (herein called these "Standard Terms of Trust Agreement") are incorporated by reference in, and are intended to form a part of, each Supplemental Trust Agreement to which these Standard Trust Agreement Terms are appended (each, a "Supplement," and each such Supplement together with the Standard Terms of Trust Agreement incorporated by reference therein, a "Trust Agreement").
