The Liquidity Facility. 2.1 Liquidity Facility; Amount 7 2.2 Pro Rata Share of Lender 7
2.3 Termination 8
The Liquidity Facility. The Corporation shall use its best efforts to cause the Liquidity Facility or a Substitute Liquidity Facility to be continuously maintained in full force and effect (except when not required pursuant to Article V of the Bond Indenture or when the Bonds are bearing interest at Indexed Put Rates) in an amount equal to the Outstanding principal amount of the Bonds plus required interest coverage thereon, until all of the Bonds have been paid in full or their payment provided for in accordance with the Bond Indenture. Unless the Corporation has elected to convert all of the Bonds to the Fixed Rate and such Bonds will not be secured by a Liquidity Facility after the Conversion Date, the Corporation will exercise its best efforts to extend the term of the Liquidity Facility currently in effect or to cause a Substitute Liquidity Facility to be delivered by the Liquidity Provider to the Bond Trustee not less than 30 days prior to the termination date of the Liquidity Facility then in effect pursuant to the provisions of the Bond Indenture.
The Liquidity Facility. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances to the Borrower from time to time on any Business Day during the Liquidity Availability Period in an amount for each such Borrowing not to exceed such Lender’s Unused Liquidity Revolving Credit Commitment at such time. Within the limits of each Lender’s Unused Liquidity Revolving Credit Commitment, amounts borrowed under this Section 2.01(d) and repaid or prepaid may be reborrowed.
The Liquidity Facility. 12. The Bank will make available to the Contributor a liquidity credit facility (the “Liquidity Facility”), the proceeds of which shall be used solely for the purposes of payments under the Guarantee Agreement. The terms and conditions of the Liquidity Facility are set out in Annex 2.
13. In the event that a Demand is made under the Guarantee Agreement which cannot be funded by the Upfront Payment or by amounts otherwise available under the Dedicated Register, the Bank shall fund the amount due under the Guarantee Agreement by making an Advance to the Contributor under its Liquidity Facility. In the event that the amounts available under the Liquidity Facility are not sufficient to fund such Demand, the Contributor shall upon first demand pay such amount to the Bank.
The Liquidity Facility. Provider shall promptly notify the Issuer and the Cash Manager on the Quotation Date of each determination of EURIBOR and the Mandatory Cost made by it.
The Liquidity Facility. Provider must provide a certificate to the Trust Manager setting out details of the relevant Changed Costs Event and the calculations made by the Liquidity Facility Provider to determine the new amount payable under clause 10.
1. Any such certificate signed by the Liquidity Facility Provider as to an amount payable by the Trustee under this clause 10 is conclusive evidence of the amount stated in it in the absence of manifest error. In determining additional amounts payable under this clause 10, the Liquidity Facility Provider may use averaging and attribution methods commonly used by financiers or any other reasonable averaging or attribution method.
The Liquidity Facility. The Liquidity Facility Lender agrees, on the terms and conditions set forth herein, to make loans to Borrower (each such loan, a "LIQUIDITY FACILITY LOAN"; collectively, the "LIQUIDITY FACILITY LOANS") from time to time on any Business Day during the period from the Third Amendment Effective Date to the Liquidity Facility Commitment Termination Date in an aggregate amount not to exceed $10,000,000 at any time outstanding (the "LIQUIDITY FACILITY COMMITMENT"). Within the limits of the Liquidity Facility Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(c), prepay under Section 2.07 and reborrow from time to time under this Section 2.01(c) provided, that, notwithstanding any of the foregoing, after giving effect to any such prepayment(s), the outstanding principal amount of Revolving Loans and Liquidity Facility Loans shall be in accordance with the proviso at the end of Section 2.01(a). Notwithstanding anything to the contrary contained in this Agreement or the Loan Documents, the Borrower shall not terminate or permanently reduce the Liquidity Facility Commitment without the consent of the Administrative Agent and the Required Lenders.
The Liquidity Facility. Subject to the terms of this Agreement, the Liquidity Facility Provider makes available to the Servicer and the Cash Manager (each acting on behalf of the Issuer) a euro loan facility (the Liquidity Facility) in an aggregate principal amount equal to the Liquidity Commitment.
The Liquidity Facility. Subject to the terms and conditions set forth herein, each Lender agrees to make Liquidity Revolving Loans to the Borrower in Dollars from time to time during the Availability Period in an aggregate principal amount that will not result in (i) the amount of such Lender’s Liquidity Revolving Credit Exposure exceeding such Lender’s Liquidity Commitment or (ii) the sum of the total Liquidity Revolving Credit Exposures exceeding the Liquidity Aggregate Commitment. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Liquidity Revolving Loans.
The Liquidity Facility. Provider must provide a certificate to the Global Trust Manager setting out details of the relevant Changed Costs Event and the calculations made by the Liquidity Facility Provider to determine the new amount payable under clause 10.
1. Any such certificate signed by the Liquidity Facility Provider as to an amount payable by the Issuer Trustee under this clause 10 is conclusive evidence of the amount stated in it in the absence of manifest error. In determining additional amounts payable under this clause 10, the Liquidity Facility Provider may use averaging and attribution methods commonly used by financiers or any other reasonable averaging or attribution method.
