Liquidity Facility. Payments of interest on the Series 2002-1G-1 Certificates will be supported by the Primary Liquidity Facility to be provided by the Primary Liquidity Provider and the Above-Cap Liquidity Facility to be provided by the Above-Cap Liquidity Provider, in each case for the benefit of the Applicable Certificateholders.
Liquidity Facility. The Funding 1 Liquidity Facility may be utilised by way of Funding 1 Liquidity Facility Loans and Funding 1 Liquidity Facility Stand-by Loans.
Liquidity Facility. At the time of initial issuance and delivery of the Bonds, there is no Liquidity Facility in effect with respect to any Series of Bonds. The Borrower may at any time, upon notice to the Issuer, deliver to the Trustee a Liquidity Facility effective at the start of a Rate Period, or at another time consistent with the Indenture, subject to the conditions set forth in this Section 5.13 and in Section 5.15 and to the requirements of the Indenture. Not less than thirty (30) days prior to the delivery of a Liquidity Facility with respect to a Series of Bonds, the Borrower shall (i) deliver to the Trustee and the Remarketing Agent a written commitment for the delivery of such Liquidity Facility, (ii) inform the Trustee and the Remarketing Agent of the date on which the Liquidity Facility will become effective and (iii) inform the Trustee of the rating expected to apply to such Series of Bonds after the related Liquidity Facility is delivered. On or prior to the date of the delivery of a Liquidity Facility to the Trustee, the Borrower shall cause to be furnished to the Trustee and the Issuer (i) an opinion of Bond Counsel to the effect that the delivery of such Liquidity Facility to the Trustee is authorized under the Indenture and complies with the terms hereof and thereof and will not adversely affect the Tax-Exempt status of the Bonds and (ii) an opinion to the effect that the Liquidity Facility is exempt from registration under the Securities Act of 1933, as amended, and is enforceable in accordance with its terms, except to the extent that enforceability thereof may be limited by bankruptcy, reorganization or similar laws limiting the enforceability of creditors’ rights generally and except that no opinion need be expressed as to the availability of any discretionary equitable rights. SECTION 5.14
Liquidity Facility. In addition to the Security Deposit, and as additional security for the payment of the Rent and as an inducement to Landlord to enter into this Agreement with Tenant, Marriott and Tenant entered into that certain Liquidity Facility Agreement of even date herewith, which Liquidity Facility Agreement was assigned by Tenant to Landlord, pursuant to which Marriott has agreed to fund any and all shortfalls for the payment of Minimum Rent and Percentage Rent for the Collective Leased Properties as and to the extent set forth in the Liquidity Facility Agreement. Any default in the payment of Minimum Rent or Percentage Rent which is cured by a draw under the Liquidity Facility Agreement shall, upon such draw, be deemed cured except to the extent that funds remaining available under the Liquidity Facility Agreement prior to such draw are insufficient to pay the amount of Minimum Rent or Percentage Rent due. A default by Tenant under the Liquidity Facility Agreement, after the giving of any notice and the expiration of any cure period required thereunder, shall be and constitute a default hereunder and under the Other Leases. Landlord agrees that notwithstanding any other provision of this Agreement, Landlord may, at its sole option, appropriate and apply the Security Deposit (or any Collective Security Deposit) to cure any Event of Default or elect to have such default cured by a draw upon the Liquidity Facility.
Liquidity Facility. Stand-by Drawing may be made or requested to be made after the end of the Funding 1 Liquidity Facility Commitment Period.
Liquidity Facility. 25 ARTICLE 4........................................................................................................25 4.1 Permitted Use............................................................................................25 4.2 Compliance with Legal/Insurance Requirements, Etc........................................................27 4.3 Environmental Matters Remediation, Indemnification, Etc..................................................27 ARTICLE 5........................................................................................................28 5.1 Maintenance and Repair;..................................................................................28 5.2 Tenant's Personal Property...............................................................................33
Liquidity Facility. 6 Section 2.1. Transfer to Investors.........................................7 Section 2.2. Transfer Price Reduction Discount.............................7 Section 2.3. Payments to FALCON............................................7 Section 2.4. Limitation on Commitment to Purchase from FALCON..............7 Section 2.5. Defaulting Investors..........................................7
Liquidity Facility. The occurrence and continuance of an Event of ------------------ Default under the Liquidity Facility.
Liquidity Facility. Section 10.1. The Liquidity Facility 21 Section 10.2. Substitute Liquidity Facility 21 Section 10.3. Rights of Liquidity Provider 22
Liquidity Facility. 39 Section 14.1 Transfer to Financial Institutions.....................39 Section 14.2 Transfer Price Reduction Yield.........................40 Section 14.3 Payments to Conduit....................................40 Section 14.4 Limitation on Commitment to Purchase from Conduit......40 Section 14.5 Defaulting Financial Institutions......................40
