Liquidity Support Facility definition
Liquidity Support Facility means (a) any irrevocable direct-pay letter of credit, line of credit or similar facility issued by, or bond purchase agreement entered into by, any financial or similar institution and obtained by or on behalf of the Corporation pursuant to Section 401 hereof, which is in effect and has been delivered to the Trustee to provide Liquidity Support for any Variable Rate Bonds; or (b) in the event of delivery of any Alternate Liquidity Support Facility and so long as Liquidity Support for the Outstanding Variable Rate Bonds is provided thereby, such Alternate Liquidity Support Facility.
Liquidity Support Facility means (a) the Initial Liquidity Support Facility; or (b) in the event of delivery of any Alternate Liquidity Support Facility, the Alternate Liquidity Support Facility then in effect.