Reimbursement of Liquidity Advances. The Sponsor shall reimburse or cause to be reimbursed Fxxxxxx Mac for each Liquidity Advance, from the sources and in the priority established in accordance with the provisions of this Agreement and Section 4.03 of the Series Certificate Agreement (except to the extent that remarketing proceeds have already become available for application to such reimbursement), together with interest on the Liquidity Advance that has accrued but has not been paid, under Section 3.3(a) on the first to occur of: (a) 60 days following the Liquidity Advance. (b) if the related Pledged Class A Certificates are remarketed by the Remarketing Agent, the date on which the proceeds of that remarketing are delivered to the Administrator; (c) the date on which the related Pledged Class A Certificates are redeemed or otherwise paid in full and canceled; (d) the Liquidity Commitment Termination Date; or (e) the date on which the Series Certificate Agreement terminates.
Appears in 2 contracts
Samples: Bond Exchange, Reimbursement, Pledge and Security Agreement (America First Multifamily Investors, L.P.), Bond Exchange, Reimbursement, Pledge and Security Agreement (America First Tax Exempt Investors Lp)
Reimbursement of Liquidity Advances. The Sponsor shall reimburse or cause to be reimbursed Fxxxxxx Xxxxxxx Mac for each Liquidity Advance, from the sources and in the priority established in accordance with the provisions of this Agreement and Section 4.03 of the Series Certificate Agreement (except to the extent that remarketing proceeds have already become available for application to such reimbursement), together with interest on the Liquidity Advance that has accrued but has not been paid, under Section 3.3(a) on the first to occur of:
(a) 60 days following the Liquidity Advance.
(b) if the related Pledged Class A Certificates are remarketed by the Remarketing Agent, the date on which the proceeds of that remarketing are delivered to the Administrator;
(c) the date on which the related Pledged Class A Certificates are redeemed or otherwise paid in full and canceled;
(d) the Liquidity Commitment Termination Date; or
(e) the date on which the Series Certificate Agreement terminates.
Appears in 2 contracts
Samples: Bond Exchange, Reimbursement, Pledge and Security Agreement (America First Multifamily Investors, L.P.), Bond Exchange, Reimbursement, Pledge and Security Agreement (America First Multifamily Investors, L.P.)
