Liquidity Account definition

Liquidity Account has the meaning set forth in Section 6.22(a).

Liquidity Account means any segregated account maintained by the Issuer with the Pledge Agent, relating to any single series of Securities and for the benefit of Holders of such series, it being understood that the Issuer is not required to have a Liquidity Account.

Liquidity Account means an account in the name of the Borrower with the Account Bank designated “Red Rose Shipping Corp. - Liquidity Account”, or any other account (with that or another office of the Account Bank which replaces such account and is designated by the Agent as the Liquidity Account for the purposes of this Agreement;

Examples of Liquidity Account in a sentence

• Notwithstanding the provisions of clause (A) of the preceding sentence, if the Redemption Date is the Term Redemption Date, then such deposit of Deposit Securities (which may come in whole or in part from the Term Redemption Liquidity Account) shall be made no later than fifteen (15) calendar days prior to the Term Redemption Date.

• The Deposit Securities included in the Liquidity Account for any Purchased VRDP Shares may be applied by the Fund, in its discretion, towards payment of the Redemption Price for such Purchased VRDP Shares.

• The Fund shall cause the Custodian not to permit any lien, security interest or encumbrance to be created or permitted to exist on or in respect of any Liquidity Account Investments included in the Term Redemption Liquidity Account for any Series of MuniFund Term Preferred Shares, other than liens, security interests or encumbrances arising by operation of law and any lien of the Custodian with respect to the payment of its fees or repayment for its advances.

• The “Term Redemption Amount” for any Series of MuniFund Term Preferred Shares shall be equal to the Redemption Price to be paid on the Term Redemption Date for such Series, based on the number of shares of such Series then Outstanding, assuming for this purpose that the Dividend Rate for such Series in effect at the time of the creation of the Term Redemption Liquidity Account for such Series will be the Dividend Rate in effect for such Series until the Term Redemption Date for such Series.

• Upon the deposit by the Fund with the Redemption and Paying Agent of Deposit Securities having an initial combined Market Value sufficient to effect the redemption of the MuniFund Term Preferred Shares of a Series on the Term Redemption Date for such Series in accordance with Section 2.5(d)(ii), the requirement of the Fund to maintain the Term Redemption Liquidity Account as contemplated by this Section 2.11 shall lapse and be of no further force and effect.

More Definitions of Liquidity Account

Liquidity Account means an account in the name of the Borrower with the Agent in Hamburg designated "Ultra One Shipping Ltd — Liquidity Account", or any other account (with that or another office of the Agent or with a bank or financial institution other than the Agent) which replaces such account and is designated by the Agent as the Liquidity Account for the purposes of this Agreement in accordance with the Agent's instructions in writing;

Liquidity Account means the account of that name in the Bond Fund established pursuant to the Indenture. "Liquidity Agreement" means the Standby Bond Purchase Agreement dated as of April 4, 2001, between theIssuer and the Bank, and any amendment, successor or replacement thereof.

Liquidity Account means each Control Account established by the Loan Parties (a) for which the Administrative Agent shall act as the depository or securities intermediary, as the case may be or (b) for which a Lender (other than Bank of America) shall act as the depository or securities intermediary, as the case may be, which account(s) shall, in the case of this clause (b), (x) be subject to an Account Control Agreement in favor of the Administrative Agent evidencing its first priority perfected Lien for the benefit of Secured Parties and (y) provide the Administrative Agent with the ability to accurately monitor the account balances in such account(s) (including information regarding any withdrawals and deposits relating to such account(s) and receipt by the Administrative Agent of continuous account information and monitoring) in a manner and pursuant to terms reasonably acceptable to the Administrative Agent.

Liquidity Account means the deposit account number XXXXXX6694 maintained with Bank of America; provided that, such deposit account is subject to no Liens other than the Administrative Agent’s first priority security interest and, subject to the Intercreditor Agreement, Liens permitted under Sections 7.1(q)(ii), (q)(iii) and (w).

Liquidity Account means the bank account opened in the name of the Original Guarantor with the Account Holder and designated as the "Liquidity Account".

Liquidity Account means an account to be established by the Issuer with the Offshore Account Bank prior to disbursement, to be pledged and blocked in favour of the Offshore Security Agent, and where the Offshore Account Bank shall waive any set-off rights to such account.

Liquidity Account means the account of that name established in the Purchase Fund pursuant to Section 8.10 hereof.