Alternate Liquidity definition

Alternate Liquidity means, with respect to a Group of 2020 Series I-3 Variable Rate Bonds, any instrument providing for the timely payment of the Purchase Price of 2020
Alternate Liquidity means, with respect to a Group of 2022 Series A-2 Variable Rate Bonds, any instrument providing for the timely payment of the Purchase Price of 2022
Alternate Liquidity means, with respect to a Group of 2021 Series F-3 Variable Rate Bonds, any instrument providing for the timely payment of the Purchase Price of 2021

Examples of Alternate Liquidity in a sentence

  • If a Term Rate will be in effect during the term of the current Liquidity Facility, the Authority may not furnish an Alternate Liquidity Facility with a Scheduled Expiration Date earlier than the Scheduled Expiration Date in the Liquidity Facility then in effect.

  • Cohen and Diaz, and determined, in her discretion, that the exchanges constituted attempts by counsel to identify whether the case had merit; discussions of strategy; or attempts to explain a legal standard.

  • The Bonds accruing interest at a Flexible, Daily, Weekly, Monthly, Quarterly, or Semiannual Rate will be subject to mandatory tender for purchase on the date of substitution of an Alternate Liquidity Agreement for the then existing Liquidity Agreement.

  • If a purchase of Bonds is effected pursuant to this subsection, the existing Liquidity Agreement, if necessary, will be used to provide funds for such purchase, rather than the Alternate Liquidity Agreement.

  • Sources of Alternate Liquidity The District has moneys in certain accounts which are designated for certain uses but which can be used on a temporary basis for its other obligations, including its Note.

  • It shall report these matters to the Senate for review and for action at the request of any member of the Senate.

  • If the Stated Expiration Date of the Letter of Credit is not extended, the Authority agrees to use its best efforts to arrange for (i) the substitution of the Letter of Credit by an Alternate Liquidity Facility or an Alternate Credit Facility or (ii) the redemption or defeasance of all of the 2015 GR-5 Notes supported by the Letter of Credit on or prior to the then existing Stated Expiration Date.

  • The Commission agrees that, as a condition to the effectiveness of the Alternate Liquidity Facility, the issuer of the Alternate Liquidity Facility will provide funds, to the extent necessary, in addition to other funds available, on the date the Alternate Liquidity Facility becomes effective for the purchase of all Purchased Bonds at a purchase price of par plus accrued interest (at the Purchased Bond Rate) through the purchase date.

  • After the Substitution Date, no drawing under a predecessor Liquidity Facility shall be made by the Trustee if the Alternate Liquidity Facility shall be effective and available to make drawings thereunder on the date of such drawing.

  • The University shall not obtain a Liquidity Facility for Bonds of a Series or provide for the delivery of an Alternate Liquidity Facility for such Bonds to the Trustee without the prior consent of the Insurer of the Bonds if any.


More Definitions of Alternate Liquidity

Alternate Liquidity means, with respect to a Group of 2023 Series E-3 Variable Rate Bonds, any instrument providing for the timely payment of the Purchase Price of 2023

Related to Alternate Liquidity

  • Available Liquidity means on any date, the sum of (i) the excess, if any, of (x) the amount of all Revolving Credit Commitments of each Lender that is not a Defaulting Lender on such date over (y) the aggregate Revolving Credit Exposure on such date plus (ii) the aggregate amount of unrestricted cash and Permitted Investments of the Company and its Restricted Subsidiaries on such date.