Liquidity Purchasers definition
Examples of Liquidity Purchasers in a sentence
Any such reduction in the Maximum Purchase Amount of the Conduit Purchaser in a Purchaser Group shall automatically result in a reduction of the aggregate Commitments of the Liquidity Providers in such Purchaser Group, which shall be allocated among such Liquidity Purchasers pro rata based on their respective Liquidity Percentages.
The Facility Termination Date shall only be extended upon the consent of (i) the CP Purchasers, (ii) 100% of the Liquidity Purchasers and (iii) the SBA.
After the date of the initial Purchase, until the occurrence of the Termination Date, the CP Purchasers and the Liquidity Purchasers shall make subsequent Purchases in accordance with the provisions of the Indenture, but subject to the provisions of Section 2.1 (b) and Section 2.2 hereof.
On the date of such Purchase, each CP Purchaser or each Liquidity Purchaser shall, upon satisfaction of the applicable conditions set forth in Article III, make available to the Issuer, in same day funds, in the Funding Account, an amount equal to such CP Purchaser's or such Liquidity Purchaser's ratable share of the Purchase.
If such Liquidity Agent shall resign, then its related Purchasers during such 5-day period shall appoint from among the related Liquidity Purchasers a successor Liquidity Agent.
The Commitment Termination Date shall only be extended upon the consent of (i) the CP Purchasers, (ii) 100% of the Liquidity Purchasers and (iii) the SBA.
Collectively, the CP Purchasers and the Liquidity Purchasers and any other Person that may agree from time, pursuant to the pertinent Assignment and Acceptance, to fund an Advance hereunder and their successors and assigns.
If for any reason no successor Liquidity Agent is appointed by the applicable Purchasers during such 5-day period, then effective upon the expiration of such 5-day period, the related Liquidity Purchasers shall perform all of the duties of its related Liquidity Agent hereunder and all payments in respect of the Note and any amount due at any time hereunder or under any Fee Letter directly to the applicable Liquidity Purchaser and for all purposes shall deal directly with the Liquidity Purchasers.
To the Liquidity Agent for the account of the Liquidity Purchasers, the Facility Fees on each Scheduled Payment Date.
The Administrator shall not consent to increase the foregoing limit without the prior consent of the Liquidity Purchasers and written confirmation from each of the Rating Agencies then rating the Commercial Paper Notes that such higher exposure will not result in a downgrading or withdrawal of the ratings of the Commercial Paper Notes.