Liquidity Facility definition

Liquidity Facility. “Liquidity Obligations”, “Loan Trustee”, “Non-Extended Facility”, “Note Purchase Agreement”, “Operative Agreements”, “Participation Agreement”, “Performing Equipment Note”, “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Scheduled Payment”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, and “Underwriting Agreement”.

Liquidity Facility. Means, initially, the Revolving Credit Agreement dated as of the date hereof relating to the Applicable Certificates, between the Liquidity Provider and Wilmington Trust, National Association, as Subordination Agent, as agent and trustee for the Applicable Trust, and, from and after the replacement of such agreement pursuant to the Intercreditor Agreement, the replacement liquidity facility therefor, in each case as amended, supplemented or otherwise modified from time to time in accordance with their respective terms.

Liquidity Facility means, at any time, the Class A Liquidity Facility or the Class B Liquidity Facility, as applicable.

Examples of Liquidity Facility in a sentence

• The Authority hereby appoints RBC Capital Markets, LLC as Remarketing Agent to remarket the 2024 Series C-2 Bonds pursuant to the Indenture, and to keep such books and records as shall be consistent with prudent industry practice and to make such books and records available for inspection by the Liquidity Facility Provider, the Authority, the Paying Agent and the Trustee at all reasonable times.

• In drawing on the Liquidity Facility, the Paying Agent will be acting on behalf of the owners of the 2024 Series C-2 Bonds by facilitating payment of the Purchase Price of their 2024 Series C-2 Bonds and not on behalf of the Authority and will not be subject to the control of the Authority.

• If a Term Rate will be in effect during the term of the current Liquidity Facility, the Authority may not furnish an Alternate Liquidity Facility with a Scheduled Expiration Date earlier than the Scheduled Expiration Date in the Liquidity Facility then in effect.

• In addition to redemption pursuant to this Article III, Bank Bonds are subject to redemption in accordance with the terms of the Liquidity Facility.

• Anything in the Indenture to the contrary notwithstanding, if there shall have occurred and be continuing an Event of Default described in Section 7.1(b) of the Master Indenture with respect to a failure to pay any Principal Installment or interest on the 2024 Series C-2 Bonds, the Remarketing Agent shall not remarket, and the Liquidity Facility Provider shall not be required to purchase pursuant to the Liquidity Facility, any 2024 Series C-2 Bonds.

More Definitions of Liquidity Facility

Liquidity Facility. Means, initially, the Revolving Credit Agreement dated as of March 15, 2000 relating to the Applicable Certificates, between the Liquidity Provider and Wilmington Trust Company, as Subordination Agent, as agent and trustee for the Applicable Trust, and, from and after the replacement of such agreement pursuant to the Intercreditor Agreement, the replacement liquidity facility therefor, in each case as amended, supplemented or otherwise modified from time to time in accordance with their respective terms.

Liquidity Facility has the meaning set forth in the ninth recital to the Note Purchase Agreement.

Liquidity Facility means, at any time, the Class AA Liquidity Facility, the Class A Liquidity Facility or the Class B Liquidity Facility, as applicable.

Liquidity Facility means the securitisation position arising from a contractual agreement to provide funding to ensure timeliness of cash flows to investors;

Liquidity Facility. Has the meaning specified in Section 1.1 of the Intercreditor Agreement.

Liquidity Facility. Means the Irrevocable Revolving Credit Agreement Class A Certificates dated December 23, 1997 relating to the Certificates between the Liquidity Provider and the Subordination Agent, as amended, replaced, supplemented or otherwise modified from time to time in accordance with its terms and the terms of the Intercreditor Agreement.

Liquidity Facility. With respect to the Certificates of any Series, means any revolving credit agreement or similar facility relating to the Certificates of such series between a Liquidity Provider and a Subordination Agent, as amended, replaced, supplemented or otherwise modified from time to time in accordance with its terms and the terms of any Intercreditor Agreement.