Liquidity Provider definition

Liquidity Provider means each bank or other financial institution that provides liquidity support to any Conduit Purchaser pursuant to the terms of a Liquidity Agreement.

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

Liquidity Provider has the meaning specified in the introductory paragraph to this Agreement.

Examples of Liquidity Provider in a sentence

• On Redemption Trade Date, in the case of a cash Redemption Order, the Trust in its sole discretion, shall select a Liquidity Provider and execute a trade to sell the SOL in exchange for cash to be delivered on the Redemption Settlement Date.

• If the Authorized Participant or its designee, or the Liquidity Provider, as applicable, fails to consummate the foregoing, the order shall be cancelled.

• Upon settlement of the SOL sale by the Trust to the Liquidity Provider and the receipt of the Liquidity Provider’s cash in the Trust’s Clearing Account, the Trust instructs the SOL Custodian to transfer the cash to the Trust’s Cash Custodian account.

• The Trust acknowledges that, if the actual cash sale price realized from selling SOL to the Liquidity Provider is above the Basket Cash Component, the Authorized Participant shall be entitled to retain the difference and the Required Cash Redemption Total shall be increased accordingly.

• The Liquidity Provider delivers SOL to the Trust’s Clearing Account in exchange for the cash purchase price, a delivery facilitated by the SOL Custodian under the Clearing Agreement.

More Definitions of Liquidity Provider

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

Liquidity Provider. Has the meaning specified in the Intercreditor Agreement.

Liquidity Provider means a person that is obligated to provide funds to a conduit to enable the conduit to pay principal or interest in respect of a maturing securitized product;

Liquidity Provider. Means, with respect to the Certificates of any series, a bank, insurance company, financial institution or other Person that agrees to provide a Liquidity Facility for the benefit of the holders of Certificates of such series.

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

Liquidity Provider means the entity, which may be a Related Liquidity Provider, obligated to pay the Purchase Price of a Group of 2024 Series A Variable Rate Bonds pursuant to the terms of the Liquidity Facility.

Liquidity Provider means any entity in such capacity pursuant to a VRDP Purchase Agreement, initially, Citibank, N.A.