Liquidity Period Sample Clauses

Liquidity Period. During any Liquidity Period, at the election of the Administrative Agent, the Administrative Agent may cause the ledger balance in any Deposit Account subject to a Deposit Account Control Agreement as of the end of a Business Day to be applied to the Secured Obligations at the beginning of the next Business Day. If a credit balance results from such application, it shall be made available to the Borrower upon its request.
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Liquidity Period. For purposes of this Section 14.5.7, the “liquidity period” means the period beginning as of the date of termination of the HCTRA-TxDOT Interoperable Relationship (or the first Service Commencement Date, whichever is later) and ending as of the earlier of
Liquidity Period. The definition of Liquidity Period set forth in the Loan Agreement is hereby deleted in its entirety and the following substituted therefor:

Related to Liquidity Period

  • Benchmark Unavailability Period Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any pending request for a SOFR Borrowing of, conversion to or continuation of SOFR Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Base Rate Loans. During a Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of Base Rate.

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