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 means a drawing under the Liquidity Facility.
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Examples of Liquidity Draw in a sentence

  • 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.

  • 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.

  • 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.

  • Subject to the terms of this agreement, the Trustee must repay each Liquidity Draw on the last day of its Funding Period, to the extent that amounts are available for that purpose under clause 6.10(a)(iv) of the Series Notice.

  • 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 ▇▇ ▇▇▇▇ collateral account and shall use such funds in the same manner as the CE Letter of Credit would be used hereunder.

  • Interest accrues daily on the outstanding principal amount of each Liquidity Draw at the rate per annum equal to the sum of the Margin and the Bank ▇▇▇▇ Rate for the relevant Funding Period, calculated on actual days elapsed and a year of 365 days.

  • The Banks will be required to advance funds with respect to such Loan or Loans by the Accelerated Downgrade Liquidity Draw Deadline, notwithstanding any failure of the Company to comply with Sections 2.01(b), 2.02(a) and 4.01(c) in connection with such deemed request.

  • Interest accrues daily on the outstanding principal amount of each Liquidity Draw at the rate per annum equal to the sum of the Margin and the Bank Bill Rate for the relevant Funding Period, calculated on actual days elapsed and a year of 365 days.


More Definitions of Liquidity Draw

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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Liquidity Draw into the ▇▇ ▇▇▇▇ 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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Related to Liquidity Draw

  • Liquidity Amount means, as at any date of determination, the lesser of (i) the aggregate amount of unrestricted and unencumbered cash maintained by the Borrower and its Subsidiaries in the United States as of such date and (ii) $20,000,000.

  • 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.