Mandatory Liquidity Test definition

Mandatory Liquidity Test has the meaning ascribed thereto in Clause 5.3 of the Asset Monitoring Agreement.
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Mandatory Liquidity Test means the liquidity test set out in Article 40g of the Wft Prudential Rules Decree (Besluit prudentiële regels Wft), as amended from time to time, and as set out in the Asset Monitoring Appointment Agreement.
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Mandatory Liquidity Test has the meaning ascribed to such term in the Asset Monitoring Agreement. MAR means Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse. Margin means, in relation to any Covered Bond, the margin as indicated in the applicable Final Terms as Margin.
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Examples of Mandatory Liquidity Test in a sentence

  • The Administrator shall timely notify the Asset Monitor of the timing of the determinations referred to in the Mandatory Liquidity Test.

  • To the extent within its powers, the Issuer shall ensure that the CBC, the Administrator, the Internal Cover Pool Monitor and the Asset Monitor shall receive all such information that is required to check compliance with the Asset Cover Test, the Amortisation Test and the Mandatory Liquidity Test and to verify compliance with Articles 3:33b and 3:33ba of the Wft and Articles 40e up to and including 40m of the Decree, in accordance with the requirements prescribed by the CB Regulations.

  • Subject to the Asset Monitoring Appointment Agreement, the Mandatory Liquidity Test shall be carried out in relation to a Calculation Date immediately preceding each anniversary of the Programme Date, as applicable.


More Definitions of Mandatory Liquidity Test

Mandatory Liquidity Test means the requirement for the Issuer under the CB Legislation to ensure that at all times sufficient liquidity is maintained or generated by the CBC to cover the maximum cumulative net liquidity outflow (including all payment outflows falling due on one day, including principal and interest payments and payments under derivative contracts forming part of the Programme, net of all payment inflows falling due on the same day for claims related to the cover assets) for the following 180 day-period, in each case as calculated and determined in accordance with the Decree.".
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Mandatory Liquidity Test has the meaning ascribed thereto in Clause 3.3 of the Asset Monitor Appointment Agreement.
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Related to Mandatory Liquidity Test

  • Available Liquidity means on any date, the sum of (i) the excess, if any, of (x) the amount of all Revolving Credit Commitments of each Lender that is not a Defaulting Lender on such date over (y) the aggregate Revolving Credit Exposure on such date plus (ii) the aggregate amount of unrestricted cash and Permitted Investments of the Company and its Restricted Subsidiaries on such date.

  • Free Liquidity means, at any date of determination, the aggregate of the Cash Balance and any Commitments under this Agreement or any other amounts available for drawing under other revolving or other credit facilities of the NCLC Group, which remain undrawn, could be drawn for general working capital purposes or other general corporate purposes and would not, if drawn, be repayable within six months.

  • Required Amount shall have the meaning set forth in Section 4.8.