Reserve Facility Provider definition

Reserve Facility Provider means any issuer of a Reserve Facility.
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Reserve Facility Provider means any provider of a Reserve Facility, any successor thereto or any replacement therefor.
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Reserve Facility Provider means the Initial Reserve Facility Provider and any other provider of a Reserve Facility.
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Examples of Reserve Facility Provider in a sentence

  • All provisions relating to the rights of a Credit Provider, Liquidity Provider or Reserve Facility Provider shall be of no further force and effect if all amounts owing to such Credit Provider, Liquidity Provider or Reserve Facility Provider shall have been paid pursuant to the terms of the applicable Credit Enhancement, Liquidity Facility or Reserve Facility and such Credit Enhancement, Liquidity Facility or Reserve Facility shall no longer be in effect.

  • Pursuant to the Liquidity Reserve Facility Agreement, the Liquidity Reserve Facility Provider has agreed to grant a facility to the Issuer in order to make good any shortfall on the paymentof any interest due by the Issuer to the Class A Noteholders and the Class B Noteholders.

  • This JV caters to Protective coatings, floor coatings, road marking paints and powder coatings.

  • If the Authority shall fail to pay any Reserve Facility Costs in accordance with the above requirements, a Reserve Facility Provider shall be entitled to exercise any and all legal and equitable remedies available to such Reserve Facility Provider, including those provided under this Indenture other than remedies which would adversely affect Owners of the Bonds.

  • This Indenture shall not be discharged until all Reserve Facility Costs owing to a Reserve Facility Provider shall have been paid in full.

  • Amounts in respect of Reserve Facility Costs paid to a Reserve Facility Provider shall be credited first to the expenses due, then to interest due and then to principal due.

  • Interest shall accrue and be payable on such draws and expenses from the date of payment by a Reserve Facility Provider at the rate specified in the agreement with respect to such Reserve Facility.

  • As and to the extent payments are made to a Reserve Facility Provider on account of principal due, the coverage under the Reserve Facility will be increased by a like amount, subject to the terms of the Reserve Facility.

  • A Supplemental Trust Agreement establishing the terms and provisions of a Series of Junior Subordinate Bonds may provide that any Credit Provider, Liquidity Provider or Reserve Facility Provider may exercise any right under this Trust Agreement given to the Holders of the Junior Subordinate Bonds to which such Credit Enhancement, Liquidity Facility or Reserve Facility relates.

  • Each Credit Provider, Credit Enhancement Provider or Reserve Facility Provider with respect to Bonds or any Series is an express third-party beneficiary of this Indenture with the power to enforce the provisions hereof against the parties hereto, subject to the provisions herein.

Related to Reserve Facility Provider

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Required Facility Lenders means, with respect to any Facility on any date of determination, Lenders having more than 50% of the sum of (i) the outstanding Loans under such Facility and (ii) the aggregate unused Commitments under such Facility; provided that, to the same extent set forth in Section 10.07(h) with respect to determination of Required Lenders, the Loans of any Affiliated Lender shall in each case be excluded for purposes of making a determination of Required Facility Lenders.