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.

  • 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.

  • 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.

  • 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 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 Bonds to which such Credit Enhancement, Liquidity Facility or Reserve Facility relates.

Related to Reserve Facility Provider

  • Liquidity Facility Provider means a Person that is a party to a Liquidity Facility with the Authority with respect to specified Bonds and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.

  • Liquidity Providers means, collectively, the Class A Liquidity Provider and the Class B Liquidity Provider.

  • Off-site facility means a structural BMP located outside the subject property boundary described in the permit application for land development activity.

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • Collateral Provider means the Security Collateral Provider under a Security Document or the Transferor under a Transfer Annex, according to context, in relation to which “Collateral Taker” means the Secured Party or the Transferee, as the case may be.

  • Liquidity Provider has the meaning assigned to such term in the recital of parties to this Agreement.

  • Required Facility Lenders means, with respect to any Facilities on any date of determination, Lenders having or holding more than 50% of the sum of (a) the aggregate principal amount of outstanding Loans under such Facilities and (b) the aggregate unused Commitments under such Facilities; provided that the portion of outstanding Loans and the unused Commitments of such Facilities, as applicable, held or deemed held by a Defaulting Lender shall be excluded for purposes of making a determination of Required Facility Lenders.

  • Facility Account means the account of Seller at Bank One, Account ---------------- No. 10-36987.

  • Credit Enhancement means, with respect to this Agreement, any credit enhancement or other credit support arrangement in support of the obligations of the Company hereunder or with respect hereto, including any guarantee, collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin, reimbursement obligation or any similar arrangement.