Committed Liquidity Provider definition

Committed Liquidity Provider has the meaning specified in Section 6.03(f).
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Committed Liquidity Provider means a bank or other institution or entity from which a Class A-1R Noteholder (or a prospective transferee) is entitled under a Class A-1R Liquidity Facility to draw upon a loan made available by such bank or other institution or entity or to sell interests in the assets of such 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 Provider means a bank or other institution or entity from which or to which a Class A-D/R Noteholder (or a prospective transferee) is entitled under a Class A-D/R Liquidity Facility to draw upon a loan made available by such bank or other institution or entity or to sell interests in the assets of such Class A-D/R Noteholder in an aggregate principal amount at least equal to the Class A- D/R Commitment of such Class A-D/R Noteholder.
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Examples of Committed Liquidity Provider in a sentence

  • The Class A-R Noteholders and/or their Committed Liquidity Provider will be obligated to advance funds in Euro and/or Sterling to the Issuer up to an aggregate principal amount not to exceed€100,000,000 (as reduced from time to time in accordance with the Class A-R Note Purchase Agreement).

  • The Class A-R Noteholders and/or their Committed Liquidity Provider will be obliged to advance funds in Euro and/or Sterling to the Issuer up to an aggregate principal amount not to exceed€100,000,000 (as reduced from time to time in accordance with the Class A-R Note Purchase Agreement).

  • The Trustee shall promptly (at the written direction (which may be in the form of standing instructions) of such Holder or Committed Liquidity Provider, as applicable) invest any amounts on deposit in any Holder Subaccount in securities which satisfy the definition of Eligible Investments maturing on the day following the date of acquisition thereof.

  • Electronic submission waiver requests must be submitted no later than 15 days prior to the application deadline date and must be submitted to Michelle.M.Miller@HUD.gov.

  • The Trustee shall promptly (at the direction of the such Holder or such Committed Liquidity Provider, as applicable) invest any amounts on deposit in any Holder Subaccount in securities which satisfy the definition of Eligible Investments maturing on the day following the date of acquisition thereof (collectively, the “Class A-2 Permitted Investments”).

  • The Class A1-R Noteholders and/or their Committed Liquidity Provider and Related CP Issuer will be obligated to advance funds in Euro and/or U.S. Dollars and/or Sterling to the Issuer up to an aggregate principal amount not to exceed €58,630,000 (as reduced from time to time in accordance with the Class A1-R Note Purchase Agreement).

  • Investment earnings received during each Due Period in respect of such Eligible Investments in a Holder Subaccount will be paid to the applicable Holder or Committed Liquidity Provider, as applicable, on the related Payment Date so long as it is not a Defaulting Holder at such time, and otherwise shall be deposited into such Holder Subaccount.

  • Each Holder or Committed Liquidity Provider, as applicable, agrees to notify the Class A-1AR Note Agent promptly after any deposit of funds by such Holder or Committed Liquidity Provider, as applicable, into a Holder Subaccount.

  • Each Holder or Committed Liquidity Provider, as applicable, agrees that if it fails at any time to comply with or satisfy the Class A-1AR Ratings Criteria, such Holder or Committed Liquidity Provider, as applicable, shall, within five Business Days thereafter, deposit or cause to be deposited cash in immediately available funds in an amount equal to the undrawn amount of the related Holder's Class A-1AR Commitment in a Holder Subaccount.

  • Each Holder, Committed Liquidity Provider and the Class A-1AR Note Agent agrees that it shall not file, cause the filing of or join any Person in a petition in bankruptcy against the Issuer in any jurisdiction for any amounts due hereunder until at least one year and one day, or if longer the applicable preference period then in effect, after the payment in full of all the Notes issued under the Indenture.


More Definitions of Committed Liquidity Provider

Committed Liquidity Provider means a bank or other institution or entity from which a Class A1-R Noteholder (or a prospective transferee) is entitled under a Class A1-R Liquidity Facility to draw upon a loan made available by such bank or other institution or entity or to sell interests in the assets of such Class A1-R Noteholder in an aggregate principal amount at any one time outstanding at least equal to the Class A1-R Commitment of such Class A1-R Noteholder.
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Related to Committed Liquidity Provider

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

  • 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.

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

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

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

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

  • 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.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Revolving Agent means the collateral agent (or the administrative agent acting as collateral agent) under any Revolving Credit Agreement, and its successors and assigns in such capacity and, from and after the execution of a Revolving Credit Substitute Facility, one or more other agents, collateral agents, trustees or similar contractual representatives for one or more holders of indebtedness or other Obligations evidenced thereunder or governed thereby and its successors and assigns in such capacity, but in no event shall any Obligor or Affiliate thereof be, or appoint, the Revolving Agent.

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

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Liquidity Commitment means, as to each Committed Lender in any Conduit Group, its commitment to such Conduit Group’s Conduit under the Liquidity Agreements, (which shall equal 102% of such Conduit Group’s Percentage of the Aggregate Commitment hereunder).

  • Fronting Bank means each Lender identified as a “Fronting Bank” on Schedule II and any other Lender (in each case, acting directly or through an Affiliate) that delivers an instrument in form and substance satisfactory to the Borrowers and the Administrative Agent whereby such other Lender (or its Affiliate) agrees to act as “Fronting Bank” hereunder and that specifies the maximum aggregate Stated Amount of Letters of Credit that such other Lender (or its Affiliates) will agree to issue hereunder.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • Revolving Administrative Agent has the meaning assigned to such term in the preamble of this 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.

  • Conduit Lender any special purpose corporation organized and administered by any Lender for the purpose of making Loans otherwise required to be made by such Lender and designated by such Lender in a written instrument; provided, that the designation by any Lender of a Conduit Lender shall not relieve the designating Lender of any of its obligations to fund a Loan under this Agreement if, for any reason, its Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement with respect to its Conduit Lender, and provided, further, that no Conduit Lender shall (a) be entitled to receive any greater amount pursuant to Section 2.18, 2.19, 2.20 or 10.5 than the designating Lender would have been entitled to receive in respect of the extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment.

  • Letter of Credit Issuer means such successor or such new issuer of Letters of Credit effective upon such appointment. At the time such resignation or replacement shall become effective, the Borrower shall pay to the resigning or replaced Letter of Credit Issuer all accrued and unpaid fees pursuant to Sections 4.1(c) and 4.1(d). The acceptance of any appointment as a Letter of Credit Issuer hereunder whether as a successor issuer or new issuer of Letters of Credit in accordance with this Agreement, shall be evidenced by an agreement entered into by such new or successor issuer of Letters of Credit, in a form satisfactory to the Borrower and the Administrative Agent and, from and after the effective date of such agreement, such new or successor issuer of Letters of Credit shall become a “Letter of Credit Issuer” hereunder. After the resignation or replacement of a Letter of Credit Issuer hereunder, the resigning or replaced Letter of Credit Issuer shall remain a party hereto and shall continue to have all the rights and obligations of a Letter of Credit Issuer under this Agreement and the other Credit Documents with respect to Letters of Credit issued by it prior to such resignation or replacement, but shall not be required to issue additional Letters of Credit. In connection with any resignation or replacement pursuant to this clause (a) (but, in case of any such resignation, only to the extent that a successor issuer of Letters of Credit shall have been appointed), either (i) the Borrower, the resigning or replaced Letter of Credit Issuer and the successor issuer of Letters of Credit shall arrange to have any outstanding Letters of Credit issued by the resigning or replaced Letter of Credit Issuer replaced with Letters of Credit issued by the successor issuer of Letters of Credit or (ii) the Borrower shall cause the successor issuer of Letters of Credit, if such successor issuer is reasonably satisfactory to the replaced or resigning Letter of Credit Issuer, to issue “back-stop” Letters of Credit naming the resigning or replaced Letter of Credit Issuer as beneficiary for each outstanding Letter of Credit issued by the resigning or replaced Letter of Credit Issuer, which new Letters of Credit shall be denominated in the same currency as, and shall have a face amount equal to, the Letters of Credit being back-stopped and the sole requirement for drawing on such new Letters of Credit shall be a drawing on the corresponding back-stopped Letters of Credit. After any resigning or replaced Letter of Credit Issuer’s resignation or replacement as Letter of Credit Issuer, the provisions of this Agreement relating to a Letter of Credit Issuer shall inure to its benefit as to any actions taken or omitted to be taken by it (A) while it was a Letter of Credit Issuer under this Agreement or (B) at any time with respect to Letters of Credit issued by such Letter of Credit Issuer.

  • Committed Line shall have the meaning given to such term in the preamble hereto.

  • Local Facility Provider means HSBC Trinkaus & Xxxxxxxxx XX, Deutsche Bank AG, Commerzbank Aktiengesellschaft and Hong Kong and Shanghai Banking Corporation Ltd., Thailand, Bank of America, N.A., Canada Branch, FIA Card Services, N.A., Citibank N.A., Citibank (China) Co., Ltd., Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex, Bank of America, N.A., provided in each case it has become a party to, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, the First Lien Intercreditor Agreement in its capacity as local facility provider.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Liquidity Agent means any bank or other financial institution acting as agent for the various Liquidity Providers under each Liquidity Agreement.

  • Replacement Liquidity Facility Responsible Officer", "Scheduled Payment", "Special Payment", "S&P", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreement", "Trustee", "Underwriters", "Underwriting Agreement", "United States" and "Written Notice".