Liquidity Reserve Fund definition

Liquidity Reserve Fund means the liquidity reserve fund established pursuant to the Override Agreement.

Liquidity Reserve Fund means the Funding 1 Liquidity Reserve Fund;

Liquidity Reserve Fund shall have the meaning set forth in Section 7.5.

Examples of Liquidity Reserve Fund in a sentence

• Except in the case of Funding 1 in respect of its rights to repayment of the amounts standing to the credit of the Issuer Liquidity Reserve Fund in accordance with paragraph 11 of Schedule 2 hereto, a person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Xxx 0000 to enforce any term of this Agreement, but this does not affect any right or remedy of a third party which exists or is available apart from that Act.

• The Liquidity Reserve Fund will be established on the Issue Date.

• The Liquidity Reserve Fund Required Amount will be calculated by the Cash Administrator on each Determination Date as follows: on the Issue Date, 2.0 per cent.

• Reserve funds The Cash Administrator shall, on behalf of the Issuer, create the Liquidity Reserve Fund in the ledgers maintained in the Transaction Account for this purpose, the "Liquidity Reserve Fund Ledger".

• X Note Proceeds The proceeds of the X Notes will be used to fund: the Issuer Costs and Expenses; part of the Initial Purchase Consideration; and the Liquidity Reserve Fund.

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;

Liquidity Reserve Fund means at any time the credit balance on the Liquidity Reserve Ledger at such time.

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;

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.

Liquidity Reserve Fund shall have the meaning set forth in Section 7.7 hereof.

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).

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.