Examples of Liquidity Purchase Agreement in a sentence
The Agent will give prompt notice to the Liquidity Bank or the Conduit Lender, as applicable, of its receipt of such request, and each of the Liquidity Bank and the Conduit Lender shall make a determination, each in its respective sole discretion, not less than 15 days prior to the expiration of the Liquidity Purchase Agreement or the Commitment Termination Date, as applicable, as to whether or not it will agree to the extension requested.
The failure of a Lender or a Liquidity Bank to provide timely notice of its decision to the Borrower shall be deemed to constitute a refusal by the applicable Lender or Liquidity Bank to extend the Commitment Termination Date or the term of such Liquidity Bank’s Liquidity Purchase Agreement, as applicable.
The Liquidity Purchase Agreement, dated as of the ------------------- Closing Date, between Variable Funding Capital Corporation, as seller, the Liquidity Banks named therein, First Union Securities, Inc., as deal agent and documentation agent, and First Union National Bank, as liquidity agent.
Each Lender Agent and the Swingline Lender, as applicable, will give prompt notice to the related Liquidity Bank or Lender, as applicable, of its receipt of such request, and each Liquidity Bank and each Lender shall make a determination, each in its respective sole discretion, not less than 15 days prior to the expiration of the related Liquidity Purchase Agreement or the Commitment Termination Date, as applicable, as to whether or not it will agree to the extension requested.
Any Lender which fails to extend the term of its Liquidity Purchase Agreement shall be a Non-Extending Lender subject to Section 2.1(d).