LF Revolving Drawing definition

LF Revolving Drawing means a drawing made by the Issuer, prior to any Liquidity Reserve Drawing, in accordance with the terms of this Agreement following the delivery by the Issuer of a LF Revolving Drawing Notice or, as the case may be, the principal amount of such drawing for the time being outstanding;
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LF Revolving Drawing means a drawing made by the Issuer in accordance with the terms of the Liquidity Facility Agreement or, as the case may be, the principal amount of such drawing for the time being outstanding;
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Examples of LF Revolving Drawing in a sentence

  • The Issuer shall not repay all or any part of any LF Revolving Drawing, Liquidity Revolving Drawing or all or any part of any Liquidity Reserve Loan except at the time and in the manner expressly provided in this Agreement but, subject to the other terms of this Agreement, shall be entitled to borrow any amount repaid.

  • Any Liabilities it may suffer or incur as a result of its funding or making arrangements to fund a LF Revolving Drawing or a Liquidity Reserve Drawing requested by the Issuer but not drawn down by reason of the operation of any one or more of the provisions of this Agreement.

  • On each LF Interest Payment Date, the Issuer (or the Cash Administrator on behalf of the Issuer) may make a new LF Revolving Drawing pursuant to clause 4 (Availability of LF Revolving Drawings) to repay an outstanding LF Revolving Drawing which is payable on such LF Interest Payment Date.

  • The duration of a LF Revolving Drawing Period shall be from (and including) the day on which the LF Revolving Drawing was made to (but excluding) the following LF Interest Payment Date.

  • Subject to the other provisions of this clause, the Issuer shall repay each LF Revolving Drawing on the last day of the LF Revolving Drawing Period applicable to such LF Revolving Drawing.

  • For the avoidance of doubt the Liquidity Standby Loan shall not include, in the case of the first Note Payment Date following the advance of a Liquidity Standby Drawing, any LF Revolving Drawing which was converted into a portion of the Liquidity Standby Loan in accordance with sub-clause 5.2.2.

  • LF Revolving Drawing Periods, Liquidity Standby Loan Periods and LF Withdrawal Periods 10 8.

  • Subject to the other provisions of this Clause, the Issuer (or the Cash Administrator on behalf of the Issuer) shall repay each LF Revolving Drawing on the Note Payment Date immediately following the last day of the LF Revolving Drawing Period applicable to such LF Revolving Drawing by payment to the Liquidity Facility Provider (or if there is a Liquidity Standby Loan outstanding, to the Liquidity Facility Reserve Account).

  • The Issuer LF Warranties shall be deemed to be repeated by the Issuer, by reference to the facts and circumstances then existing, on the date each LF Revolving Drawing Notice, each LF Withdrawal Notice or, as the case may be, each Liquidity Standby Drawing Notice is delivered and the first day of each LF Revolving Drawing Period, the first day of each Liquidity Standby Loan Period and the first day of each LF Withdrawal Period.

  • Subject to satisfaction of the conditions in Clause 4.1 (LF Revolving Drawings), an advance of the LF Revolving Drawing shall be made to the Issuer by 12.00 noon (London time) on the Note Payment Date set out in the LF Revolving Drawing Notice in the aggregate principal amount specified in the relevant LF Revolving Drawing Notice.