Liquidity Put definition

Liquidity Put means the sale by a Conduit Purchaser, pursuant to its Program Support Agreement, to one or more of its Program Support Providers of an interest in such Conduit Purchaser’s interest in the Series 2010-3 Note funded or maintained by it at the time of such sale.

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Liquidity Put is defined in Section 3.1.

Liquidity Put has the meaning given to that term in the Overall Agreement.

Examples of Liquidity Put in a sentence

An example of the computation of the Liquidity Put Number is set forth in Exhibit 3.3(a).
The Liquidity Puts with respect to each Optionor shall expire on the earlier of (a) the date on which such Optionor owns no Stock, (b) the date on which such Optionor has exercised both of its Liquidity Puts or has exercised a Liquidity Put for all of its Option Shares and (c) the date of termination of the Liquidity Put Period.
If any Managing Agent exercises a Liquidity Put with respect to any request for Advance or any existing Advance funded by a Conduit Purchaser, such Managing Agent shall use reasonable efforts to notify the Master Servicer and RCFC of such possibility.
Notwithstanding the foregoing, if a defaulting Optionor is the Initiating Optionor, any Tagging Optionor may proceed with a previously delivered Tagging Optionor’s Notice and close on the purchase of Put Option Shares, but such closing shall be counted as the exercise of a Liquidity Put by the Tagging Optionor.
Except as provided in clause (A) of the immediately preceding sentence, the fact that a Unit is put and not purchased in a year shall not entitle the Unitholder to any Liquidity Put priority in any subsequent year.
Upon an Optionor’s exercise of its first Liquidity Put or its right as a Tagging Optionor pursuant to Section 3(e)(i), if such Optionor has exercised such Liquidity Put or its right as a Tagging Optionor pursuant to Section 3(e)(i) for less than all of its Option Shares, such Optionor may exercise any remaining Liquidity Put only after at least twelve months have lapsed following the delivery of such Optionor’s prior Notice of Exercise or Tagging Optionor’s Notice (as defined below), as the case may be.
In any event, promptly (but in no event more than one Business Day) after the occurrence of a Liquidity Put or a CP Disruption Event, each applicable Managing Agent shall notify the Master Servicer and RCFC as to the occurrence of such Liquidity Put or CP Disruption Event.
A pro rata portion of the foregoing amount will be paid in respect of each fraction of a Unit purchased pursuant to the Liquidity Put.
A Managing Agent’s failure to so notify shall not in any way prevent the exercise of a Liquidity Put.
No Executive put right (other than the Special Liquidity Put Right, as described below).

More Definitions of Liquidity Put

Liquidity Put means, with respect to a Structured Purchaser, that such Structured Purchaser, pursuant to its Liquidity Agreement, has sold to one or more Support Banks an interest in such Structured Purchaser's interest in the Class A Certificates funded or maintained by such Structured Purchaser at the time of such sale.

Liquidity Put shall have the meaning provided for in the Put Option Agreement.

Liquidity Put has the meaning as set forth in the GA Overall Agreement and the TX Overall Agreement, respectively, and as applicable.