Class G Liquidity Provider definition

Class G Liquidity Provider means Citibank, N.A., or any successor thereto.
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Class G Liquidity Provider means [-], or any successor thereto.
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Class G Liquidity Provider means MSCS, together with any Replacement Liquidity Provider which has issued a Replacement Liquidity Facility to replace any Class G Liquidity Facility pursuant to Section 3.6(e).
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Examples of Class G Liquidity Provider in a sentence

  • The Subordination Agent shall promptly, but not less than 25 days prior to such Business Day, send to American, the Trustees, the Class G Liquidity Provider and the Policy Provider a Written Notice establishing such Business Day as the date for the distribution of the proceeds of such Policy Drawing, which date shall constitute a Special Distribution Date.

  • None of the Subordination Agent, the Class G Liquidity Provider, the Trustee or any Holder shall have any right to payment from the Premium paid or payable hereunder or from any amounts paid by American pursuant to Section 3.02, 3.03, 3.04, 3.05 or 3.06 hereof.

  • If at any time the Subordination Agent shall have actual knowledge of the issuance of an Order, the Subordination Agent shall promptly give notice thereof to American, each Trustee, the Class G Liquidity Provider and the Policy Provider.

  • The terms of this Agreement shall inure to the benefit of the Class G Liquidity Provider and Policy Provider, and each of their successors and permitted assigns.

  • Upon the issuance of any Replacement Liquidity Facility for the Class G Certificates pursuant to Section 3.06(e), the Policy Provider agrees to promptly deliver to the Replacement Liquidity Provider providing such Replacement Liquidity Facility a certified copy of the Policy, provided that the Class G Liquidity Provider being replaced returns its certified copy of the Policy to the Policy Provider.

  • Owner agrees and acknowledges that each of the Class G Liquidity Provider and Policy Provider shall be third party beneficiaries of the indemnities contained in Section 6(b), and each of the Class G Liquidity Provider and Policy Provider may rely on such indemnities to the same extent as if such indemnities were made to each of the Class G Liquidity Provider and the Policy Provider directly.

  • The Trustee agrees, in addition to the agreements contained in Section 7.02 of the Basic Agreement, that it will promptly transmit any such notices to the Class G Liquidity Provider and the Policy Provider.

  • The Subordination Agent shall promptly, but not less than 20 days prior to the Special Distribution Date established pursuant to this Section 3.07(b), send to American, the Trustees, the Class G Liquidity Provider and the Policy Provider, a Written Notice of such Special Distribution Date.

  • Each of the parties hereto agrees and acknowledges that the Class G Liquidity Provider and the Policy Provider shall be third party beneficiaries of each of the representations, warranties and covenants made herein by such party, and that each of the Class G Liquidity Provider and Policy Provider may rely on such representations and warranties to the same extent as if such representations and warranties were made to each of the Class G Liquidity Provider and Policy Provider directly.

  • The Class G Liquidity Provider agrees to make such Excess Interest Policy Drawings and that the proceeds thereof shall reduce pro tanto the Liquidity Obligations owing to it.


More Definitions of Class G Liquidity Provider

Class G Liquidity Provider means Bayerische Landesbank Girozentrale, or any successor thereto.
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Class G Liquidity Provider has the meaning specified in the Intercreditor Agreement.
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Class G Liquidity Provider means CSFB, together with any Replacement Liquidity Provider which has issued a Replacement Liquidity Facility to replace the Class G Liquidity Facility pursuant to Section 3.6(e).
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Class G Liquidity Provider means MSCS, together with any Replacement Liquidity Provider which has issued a Replacement Liquidity Facility to replace the Class G Liquidity Facility pursuant to Section 3.6(e).
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Class G Liquidity Provider means Westdeutsche Landesbank Girozentrale, acting through its New York branch, together with any Replacement Liquidity Provider which has issued a Replacement Liquidity Facility to replace any Class G Liquidity Facility pursuant to Section 3.6(e).
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Related to Class G Liquidity Provider

  • Class B Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Class A Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Replacement Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Liquidity Provider has the meaning assigned to such term in the recital of parties to this Agreement.

  • Liquidity Providers means, collectively, the Class A Liquidity Provider and the Class B Liquidity Provider.

  • Liquidity Facility Provider means a Person that is a party to a Liquidity Facility with the Authority with respect to specified Bonds and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.

  • Class A Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Class B Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Liquidity Provider Ratings Event means the Liquidity Provider shall fail to maintain at any time short-term debt ratings in one of the two highest ratings categories from the Requisite NRSROs or, if applicable, such other short-term debt ratings as may be required for the VRDP Shares to satisfy the eligibility criteria under Rule 2a-7 under the 1940 Act.

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • Net WAC Rate Carryover Reserve Account The Net WAC Rate Carryover Reserve Account established and maintained pursuant to Section 4.10.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Class C Reserve Account Percentage means, for any Distribution Date on which a condition in the left column of the following table was in effect on the immediately preceding Distribution Date, the percentage in the corresponding right column of the following table (or if more than one conditions were in effect on the immediately preceding Distribution Date, the largest percentage). Condition: The three-month rolling average Excess Spread Percentage is: Class C Reserve Account Percentage:

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • Conduit Credit Enhancer shall have the meaning assigned to such term in Section 14(d).

  • Swap Provider means any Person that, at the time it enters into a Swap Agreement is a Lender or an Affiliate of a Lender, in its capacity as a party to such Swap Agreement.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Class B Noteholders’ Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period on the Class B Notes at the interest rate for such Class on the Outstanding Amount of the Notes of such Class on the immediately preceding Payment Date (or, in the case of the initial Payment Date, on the Closing Date), after giving effect to all payments of principal to the Noteholders of such Class on or prior to such preceding Payment Date. For all purposes of this Agreement and the Basic Documents, interest with respect to all Class B Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The interest due on these Classes of notes on each Payment Date will be the product of: · the Outstanding Principal Balance of the Class B Notes; · the Class B Interest Rate; and · 30 (or, in the case of the initial Payment Date, 26) divided by 360.

  • Class B Noteholders’ Interest Distribution Amount means, for any distribution date, the sum of: • the amount of interest accrued at the class B note rate for the related accrual period on the outstanding principal balance of the class B notes on the immediately preceding distribution date, after giving effect to all principal distributions to class B noteholders on that preceding distribution date, and • the Class B Note Interest Shortfall for that distribution date.

  • Class B Noteholders’ Interest Distributable Amount means, with respect to any Payment Date, the sum of the Class B Noteholders’ Monthly Interest Distributable Amount for such Payment Date and the Class B Noteholders’ Interest Carryover Shortfall for such Payment Date.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Class B Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class B Percentage for that distribution date, plus any Class B Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class B Noteholders’ Principal Distribution Amount will not exceed the principal balance of the class B notes.In addition, on the class B maturity date, the principal required to be distributed to the class B noteholders will include the amount required to reduce the outstanding principal balance of the class B notes to zero.

  • Liquidity Account has the meaning set forth in Section 6.22(a).

  • Credit Enhancement Percentage For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balances of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.

  • Class B Noteholders Distribution Amount” means, for any distribution date, the sum of the Class B Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Principal Distribution Amount for that distribution date.

  • Class A Certificateholder The registered holder of a Class A Certificate.