Examples of Initial Credit Facility Provider in a sentence
If the Controlling Party is the Policy Provider or the Initial Credit Facility Provider, only it may give a Default Notice.
Upon a request by the Initial Credit Facility Provider, the Cash Manager shall provide the Initial Credit Facility Provider with the amount of Investment Earnings held in the Credit Facility Reserve Account as of the applicable date of determination.
The Initial Credit Facility Provider agrees that its rights of reimbursement in respect of the drawings under the amended Initial Credit Facility will be the same as its rights of reimbursement set forth in Section 3.08, and fees payable in respect of the amended Initial Credit Facility shall be on the same basis and terms as the fees paid in respect of the Initial Credit Facility entered into on the Initial Closing Date.
Upon any such modification, the Issuer shall deliver to the Holders, the Trustee, the Policy Provider and the Initial Credit Facility Provider a certificate of the Issuer certifying that such modification will not adversely affect the Holders, the Policy Provider or the Initial Credit Facility Provider.
Each of the Trustee and the Drawing Agent shall notify the Issuer, the Guarantor, the Policy Provider and the Initial Credit Facility Provider promptly of any claim asserted against the Trustee or the Drawing Agent, as applicable, for which it may seek indemnity; provided, however, that failure to provide such notice shall not invalidate any right to indemnity hereunder.
In connection with the amendment of the Initial Credit Facility to cover the Refinancing Securities, the Initial Credit Facility Provider agrees to deliver to the Issuer and the Guarantor, on or prior to the date of Refinancing, legal opinions and corporate documents in respect of the amended Initial Credit Facility, substantially similar in form, scope and substance to the legal opinions and corporate documents delivered by the Initial Credit Facility Provider on the Initial Closing Date.
On each Payment Date, the Cash Manager shall direct the Operating Bank to pay to the Initial Credit Facility Provider all Investment Earnings on amounts on deposit in the Credit Facility Reserve Account.
The Initial Credit Facility Provider shall notify the Issuers, the Cash Manager and the Policy Provider promptly upon the occurrence of a Downgrade Event.
Each Additional Issuance shall be authorized pursuant to one or more Board Resolutions and shall be effected only following receipt of a Rating Agency Confirmation and upon obtaining the prior written consent of the Policy Provider (unless a Policy Non-Consent Event has occurred) and the Initial Credit Facility Provider (unless an Initial Credit Facility Non-Consent Event has occurred).
No Exit Load will be applicable in case of switch between the Schemes, Motilal Oswal Focused Fund, Motilal Oswal Midcap Fund, Motilal Oswal Flexi Cap Fund, Motilal Oswal Dynamic Fund, Motilal Oswal Equity Hybrid Fund, Motilal Oswal Large and Midcap Fund , Motilal Oswal Multi Asset Fund and other schemes as may be amended by AMC vide its addendum issued in this regard.