Examples of Borrower Liquidity in a sentence
The occurrence of a Trigger Event referred to in Paragraph 4 (Drawdown on Liquidity Facilities) of Part 1 (Trigger Events) of this Schedule 3 will be remedied if the aggregate balance drawn down (other than by way of Standby Drawings) under the Issuer Liquidity Facilities or the Borrower Liquidity Facilities, as the case may be, is restored to zero.
Prior to the delivery of a Loan Enforcement Notice, if a drawing is made or any other amount is outstanding under any Borrower Liquidity Facility Agreement (other than a Standby Drawing), no Borrower will be permitted to make any subsequent payment of or in respect of its Senior Debt (or, where such payment would otherwise be permitted by the terms hereof, make any Restricted Payment) unless and until all amounts owing under the relevant Borrower Liquidity Facility Agreement have been paid in full.
The Borrower Liquidity Facility Provider has provided a 364 day commitment (which may be renewed) to permit drawings where there will be insufficient funds available: (1) to pay amounts scheduled to be paid under outstanding Treasury Transactions under any Borrower Hedging Agreement and (2) to fund any EIB Liquidity Shortfall.
LIQUIDITY FACILITY AGREEMENTS The Borrower Liquidity Facilities and Letters of Credit Under the terms of a Borrower Liquidity Facility Agreement, Lloyds Bank plc has made available to Heathrow: (a) a£1,000,000 committed sterling revolving credit facility; and (b) a sterling letter of credit facility in place of its commitment under the revolving credit facility.
To maintain, as of the end of each fiscal quarter, based on the combined financial results as reported on the SEC Form 10-Q or 10-K, as applicable, of each Borrower, Liquidity of at least Twenty Million Dollars ($20,000,000.00).
To maintain, as of the end of each fiscal quarter, based on the combined financial results as reported on the SEC Form 10-Q or 10-K, as applicable, of each entity comprising Borrower, Liquidity of at least Seven Million Dollars ($7,000,000.00).
To maintain, as of the end of each fiscal quarter, based on the combined financial results as reported on the SEC Form 10-Q or 10-K, as applicable, of each Borrower, Liquidity of at least Ten Million Dollars ($10,000,000.00).
For the avoidance of doubt, no Borrower Secured Liabilities (other than Borrower Secured Liabilities owed under the Borrower Liquidity Facility or as a result of a Permitted Hedge Termination, Permitted Lease Termination or Independent Enforcement Action or the obligations and liabilities under the Non-Migrated Bonds and the Non-Migrated Bond Guarantee) may be accelerated other than by delivery of a Loan Acceleration Notice.
Upon the delivery of a Loan Acceleration Notice or, if earlier, upon acceleration and cancellation of a Borrower Liquidity Facility provided pursuant to a Borrower Liquidity Facility Agreement in accordance with the terms thereof, all amounts credited to a Liquidity Standby Account in respect of a Borrower Liquidity Facility Provider will be paid by or on behalf of the Borrower Security Trustee or any Receiver to such Borrower Liquidity Facility Provider.
To maintain, as of the end of each fiscal quarter, based on the combined financial results as reported on the SEC Form 10Q of each entity comprising Borrower, Liquidity of at least Seven Million Dollars ($7,000,000.00).