Liquidity Commitments Clause Samples
A Liquidity Commitments clause defines the obligations of parties to provide or maintain a certain level of readily available funds or assets, ensuring that sufficient liquidity is present to meet financial obligations. This clause typically specifies the minimum amounts, acceptable forms of liquidity (such as cash or credit lines), and the conditions under which these resources must be accessible. By establishing clear requirements for liquidity, the clause helps prevent cash flow shortages and ensures that parties can meet their payment or settlement responsibilities as they arise.
Liquidity Commitments. Subject to and in accordance with the terms and conditions of this Series 1997-1 Liquidity Agreement (including Article VI), each Liquidity Lender severally and not jointly agrees to make Revolving Advances and Refunding Advances, and the Swing Line Lender agrees to make Swing Line Advances (relative to such Liquidity Lender, or to the Swing Line Lender, as the case may be, collectively, together with its Commitment Termination Date Liquidity Advance, its "Liquidity Advances"), to RFC pursuant to this Section 3.1.
Liquidity Commitments. 6 SECTION 3.1.1. Refunding Advance Commitment........................................ 7 SECTION 3.1.2. Swing Line Commitment............................................... 7 SECTION 3.1.3. Use of Proceeds..................................................... 7
Liquidity Commitments. Borrowing Procedures, Liquidity Advances and Notes ------------------------------------------------------------------------- SECTION
3.1. Liquidity Commitments.......................................................... 5 --------------------- SECTION
Liquidity Commitments. Purchases or sales of the asset-backed security made pursuant to, and consistent with, commitments of the securitization participant to provide liquidity for the asset-backed security.
Liquidity Commitments. Each of the undersigned hereby agrees that the Liquidity Commitment of each Liquidity Lender from the date hereof through the Scheduled Liquidity Commitment Termination Date with respect to such Liquidity Lender shall be as set forth next to such Liquidity Lender’s signature on the signature pages hereto. Each of the undersigned further agrees that, for the avoidance of doubt, the Liquidity Commitment of any such Liquidity Lender shall be terminated as of the date hereof if such Liquidity Commitment is $0 on the signature pages hereto (any such Liquidity Lender whose Liquidity Commitment is being terminated hereby, a “Terminated Liquidity Lender”). As of the date hereof, each Terminated Liquidity Lender shall no longer constitute a “Liquidity Lender” under the Liquidity Agreement and the other CP Program Documents, shall not have any rights or obligations (other than under Sections 11.13 and 11.14 of the Liquidity Agreement) under the Liquidity Agreement and the other CP Program Documents and shall no longer be bound by the terms and conditions set forth in the Liquidity Agreement (other than under Sections 11.13 and 11.14 of the Liquidity Agreement) and the other CP Program Documents. Each of the undersigned further agrees that, for the avoidance of doubt, if the Liquidity Commitment of any Liquidity Lender is being reduced hereby to an amount greater than $0, then the Liquidity Commitment of such Liquidity Lender shall be terminated as of the date hereof by the amount of such reduction (any such Liquidity Lender whose Liquidity Commitment is being partially terminated hereby, a “Partially Terminated Liquidity Lender” and the portion of such Partially Terminated Liquidity Lender’s Liquidity Commitment that is being terminated hereby, a “Partially Terminated Liquidity Commitment Amount”). As of the date hereof, each Partially Terminated Liquidity Lender shall no longer constitute a “Liquidity Lender” under the Liquidity Agreement and the other CP Program Documents with respect to such Partially Terminated Liquidity Commitment Amount (but shall remain a “Liquidity Lender” under the Liquidity Agreement and the other CP Program Documents with respect to the Liquidity Commitment set forth next to such Liquidity Lender’s signature on the signature pages hereto), shall not have any rights or obligations under the Liquidity Agreement and the other CP Program Documents with respect to such Partially Terminated Liquidity Commitment Amount (but shall have all rights...
Liquidity Commitments. 6 SECTION 3.1.1. Revolving Advance Commitment...................... 7 SECTION 3.1.2. Refunding Advance Commitment...................... 7 SECTION 3.1.3. Swing Line Commitment............................. 7 SECTION 3.1.4. Use of Proceeds................................... 8 SECTION 3.2 Liquidity Lenders Not Required to Make Certain Liquidity Advances............................... 8 SECTION 3.2.1. Revolving Advances................................ 8 SECTION 3.2.2. Refunding and Swing Line Advances................. 8 SECTION 3.2.3. Failure to Fund................................... 8 SECTION 3.3. Termination and Reduction of the Liquidity Commitments...................................... 9 SECTION 3.4. Increase of the Aggregate Liquidity Commitment....................................... 10 SECTION 3.5. Extensions of Scheduled Liquidity Commitment Termination Date................................. 10
Liquidity Commitments. On the terms and subject to the conditions of this Agreement (including Article VI), each Liquidity Lender severally agrees to make loans characterized hereunder as "Revolving Advances" and "Refunding Advances" (relative to such Liquidity Lender, collectively, its "Liquidity Advances") to the Borrower pursuant to the Liquidity Commitments described in this Section 3.1.
Liquidity Commitments. Subject to and in --------------------- accordance with the terms and the conditions of this Agreement (including Article VI), each Liquidity Lender severally and not jointly agrees to make Revolving Advances and Refunding Advances (relative to such Liquidity Lender, together with its Commitment Termination Date Liquidity Advance, its "Liquidity Advances"), to ▇▇▇▇▇ pursuant to this Section 3.01.
Liquidity Commitments