Liquidity Reserve Fund definition

Liquidity Reserve Fund means the liquidity reserve fund established pursuant to the Override Agreement.
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Liquidity Reserve Fund means the Funding 1 Liquidity Reserve Fund;
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Liquidity Reserve Fund shall have the meaning set forth in Section 7.5.1 hereof.
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Examples of Liquidity Reserve Fund in a sentence

  • The Cash Manager shall ensure that a separate record is kept of any amount drawn under any Issuer Reserve Fund or Issuer Liquidity Reserve Fund.

  • Any such Current Issuer Liquidity Reserve Fund and such Current Issuer Liquidity Reserve Ledger shall be established and maintained in accordance with the provisions of the Cash Management Agreement.

  • Funding undertakes to establish the Current Issuer Liquidity Reserve Fund, and an appropriate ledger therefor, on behalf of the Current Issuer should the long-term, unsecured, unsubordinated and unguaranteed debt obligations of the Seller cease to be rated at least A3 by Moody's or A- by Fitch (unless Moody's or Fitch, as applicable, confirms the then current ratings of the Current Issuer Notes will not be adversely affected by such ratings downgrade).

  • Each Borrower shall be required to establish a Liquidity Reserve Fund, which shall be constituted as a trust not revocable at the instance of such Borrower.

  • If the Cash Manager determines that there will be a Revenue Deficiency and to the extent that there are insufficient monies standing to the credit of the Liquidity Reserve Fund (if established), then the Cash Manager on behalf of the Issuer will pay or provide for that Revenue Deficiency by the application of amounts standing to the credit of the Principal Ledger.


More Definitions of Liquidity Reserve Fund

Liquidity Reserve Fund means the amount reserved from time to time in the Transaction Account by depositing amounts into the Transaction Account and crediting the Liquidity Reserve Fund Ledger in accordance with the Cash/Bond Administration Agreement;
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Liquidity Reserve Fund means the liquidity reserve fund established in the name of the Issuer on the Closing Date in an initial amount of £18,681,250.
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Liquidity Reserve Fund means the “Liquidity Reserve Fund – Louisville Arena Project” established by the Authority with the Bond Trustee pursuant to the Bond Indenture for the Benefit of the Senior Bonds.
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Liquidity Reserve Fund means at any time the credit balance on the Liquidity Reserve Ledger at such time.
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Liquidity Reserve Fund means a fund to be established on the date on which YBS ceases to be assigned a long-term unsecured, unguaranteed and unsubordinated debt obligation rating by Xxxxx'x of at least Baa2 or a long-term issuer default rating by Fitch of at least BBB or a short-term issuer default rating by Fitch of at least F2 and which will be deposited in the GIC Account and used to fund senior expenses and interest payments on the Class A Notes;
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Liquidity Reserve Fund shall have the meaning set forth in Section 7.7 hereof.
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Liquidity Reserve Fund means the liquidity reserve fund for each Granite Master Trust Issuer, in Funding's name, which Funding will be required to establish if the long-term, unsecured, unsubordinated and unguaranteed obligations of Northern Rock cease to be rated at least A3 by Moody's or A- by Fitch (unless Moody's or Fitch, as applicable, confirm that the then current ratings of the Granite Master Trust Issuer Notes will not be adversely affected). Each Granite Standalone Issuer will also be required to establish such a liquidity reserve fund if the long-term, unsecured, unsubordinated and unguaranteed obligations of Northern Rock cease to be rated at least A3 by Moody's (unless Moody's confirms that the then current ratings of the Granite Standalone Issuer Notes will not be adversely affected).
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