Liquidity Draw definition

Liquidity Draw means a drawing in respect of a CE Letter of Credit that is not classified as a Credit Draw.
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Liquidity Draw means any advance made or to be made under this agreement.
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Liquidity Draw into the XX xxxx collateral account and shall use such funds in the same manner as the CE Letter of Credit would be used hereunder.
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Examples of Liquidity Draw in a sentence

  • A drawing may only be made under the Liquidity Facility (a Liquidity Draw) if (among other things) no event of default subsists under the Liquidity Facility (as described in paragraph (h)) at the date of the relevant drawdown notice and the relevant drawdown date or will result from the provision of the Liquidity Draw.

  • The Trustee must, if so directed by the Manager, make that Liquidity Draw and have the proceeds of the Liquidity Draw deposited or transferred into the Collection Account on or before the relevant Payment Date.

  • This clause survives the repayment of any relevant Liquidity Draw and the termination of this agreement.

  • The Trustee shall pay accrued interest on each Liquidity Draw in respect of its Funding Period in arrear on each Payment Date and on repayment or prepayment of all or the relevant part of the Liquidity Draw.

  • Clause 16.1 will only apply in relation to any unpaid Liquidity Draw if, at the time the Liquidity Draw was required to be paid, the aggregate of all Liquidity Draws was equal to or greater than the Liquidity Limit.

  • Firstly, that litter from such vehicles is better dealt with under the provisions of the LNLC Act and to exclude these vehicles would have made the operation of a public litter reporting program more difficult in that checks would need to be made against a list of licence plates which would need to be kept up to date.

  • The Trust Manager directs the Trustee to, and the Trustee shall, apply the proceeds of each Liquidity Draw to fund Liquidity Shortfalls in relation to the Trust by crediting it to the Collection Account to be applied in accordance with clause 6 of the Series Notice, and for no other purpose.

  • A drawing may only be made under the Liquidity Facility (a Liquidity Draw) if (among other things) no event of default subsists under the Liquidity Facility (as described in sub-paragraph (h)) at the date of the relevant drawdown notice and the relevant drawdown date or will result from the provision of the Liquidity Draw.

  • The Buyer will be required to advance funds with respect to such Transaction by the Accelerated Downgrade Liquidity Draw Deadline, notwithstanding any failure of the Seller to comply with Paragraphs 3(b)(i), 3(e) and 8(b) in connection with such deemed request.

  • The Beneficiary shall, in accordance with Section 5.07 of the Collateral Agreement, deposit the amount of the Special Liquidity Draw into the XX xxxx collateral account and shall use such funds in the same manner as the CE Letter of Credit would be used hereunder.


More Definitions of Liquidity Draw

Liquidity Draw means a drawing under the Liquidity Facility.
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Liquidity Draw means a draw made by the Trustee on the Liquidity Reserve to fund Liquidity Shortfalls in accordance with clause 5.
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Related to Liquidity Draw

  • Liquidity Advance means a loan, advance, purchase or other similar action made by a Liquidity Provider pursuant to a Liquidity Agreement.

  • Liquidity Amount means, as of any date of determination, the sum of (a) the Aggregate Borrowing Availability as of such date and (b) the Unrestricted Cash Amount as of such date.

  • 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).

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Downgrade Drawing has the meaning assigned to such term in Section 3.6(c).

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

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

  • Agent Advance shall have the meaning provided in Section 2.01(e).

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

  • Tranche B Advance has the meaning specified in Section 2.01(b).

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

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Downgrade Advance means an Advance made pursuant to Section 2.02(c).

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

  • Revolving Advance has the meaning given in Section 2.1.

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Liquidity Condition means an event of immediate termination or suspension as specified in a Liquidity Facility, upon the occurrence of which the Standby Purchaser is not obligated to purchase Multi-Modal Bonds, and, accordingly, such Bonds are not subject to tender for purchase.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • 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".

  • Liquidity Facility “Loan Trustee”, “Long-Term Rating”, “Non-Extended Facility”, “Operative Agreements”, “Participation Agreements”, “Performing Equipment Note”, “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Series A Equipment Notes”, “Scheduled Payment”, “Short-Term Rating”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Trust Agreement”, “Trustee”, “Underwriters”, “Underwriting Agreement” and “United States”.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Applied Downgrade Advance has the meaning assigned to such term in Section 2.06(a).

  • Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

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

  • Revolving Line Maturity Date is that date which is two (2) years following the Effective Date.