Examples of Conduit in a sentence
Conduit should be made of a suitable material and shall be mounted clear of the surface on which it runs in order to simplify cleaning.
Conduit shall be sized so that internal cleaning will be possible.
In the event of any such grant by such Conduit Lender of a participating interest to a Liquidity Provider or other Program Support Provider, such Conduit Lender shall remain responsible for the performance of its obligations hereunder.
The Borrowers agree that each Liquidity Provider and Program Support Provider of any Conduit Lender hereunder shall be entitled to the benefits of Sections 2.5 and 2.7 and Articles VI and VIII.
Any amount which such Conduit Lender does not pay pursuant to the operation of the preceding sentence shall not constitute a claim (as defined in §101 of the Bankruptcy Code) against or corporate obligation of such Conduit Lender for any such insufficiency unless and until such Conduit Lender satisfies the provisions of clauses (i) and (ii) above.