Committed Liquidity Facility definition

Committed Liquidity Facility means a liquidity loan agreement, credit facility and/or purchase agreement providing for the several commitments of the Committed Liquidity Providers party thereto in the aggregate to make loans to, or acquire interests in the assets of, a Class A-1R Noteholder in an aggregate principal amount at any one time outstanding at least equal to the Class A-1R Commitment of such Class A-1R Noteholder.
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Committed Liquidity Facility means an undrawn portion of an assumed off-balance sheet liability of a bank that would be utilized to finance debt obligations of a customer that mature in the next 30 days, where such a customer is unable to rollover the debt on the financial markets. The amount of undrawn portion that can be utilized to finance debt obligations of a customer due after the next 30 days is not considered a committed liquidity facility.
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Examples of Committed Liquidity Facility in a sentence

  • The liability of the CLF Participant under the Committed Liquidity Facility will be in all cases that of principal, and not as agent or trustee, regardless of any dealings, understandings or agreements that the CLF Participant may have with any person other than the Reserve Bank, or any right, title or interest of such person.

  • Each indemnity in these Terms and Conditions is a continuing obligation, separate and independent from the other obligations of the Reserve Bank and the CLF Participant, and survives the termination of the Committed Liquidity Facility.

  • The execution of a CLF Commitment Deed by the Reserve Bank and an ADI will establish a Committed Liquidity Facility between the Reserve Bank and that ADI as CLF Participant and will constitute a valid, binding and enforceable agreement between the Reserve Bank and the ADI on the terms and conditions set out in the CLF Commitment Deed and these Terms and Conditions.

  • Other than to the extent expressly provided in these Terms and Conditions or the RITS Membership Documents, the CLF Participant will pay any taxes, duties or charges which arise in relation to the Committed Liquidity Facility.

  • The Reserve Bank will not be liable for any delay or failure to perform any of its obligations under or in respect of the Committed Liquidity Facility if such delay or failure is due to fire, earthquake, flood, war, riot, revolution or any other cause beyond the reasonable control of the Reserve Bank.

  • The CLF Participant may not assign, charge or otherwise deal with (including any dealing with any interest in or the creation of any interest in) its rights or obligations under the Committed Liquidity Facility without the prior written consent of the Reserve Bank.

  • We are an ADI and a RITS Member and we wish to be a party to a Committed Liquidity Facility with the Reserve Bank on the terms and conditions set out in the CLF Terms and Conditions.