Examples of Liquidity Advance in a sentence
The City shall not request any Drawing or Liquidity Advance, and the City, including its officers, employees and agents, shall not use the proceeds of any Drawing, Liquidity Advance or the Letter of Credit (A) in violation of any Anti- Corruption Laws, or (B) in any manner that would result in the violation of any Sanctions applicable to any party hereto.
No Liquidity Drawing, Liquidity Advance or the Letter of Credit, use of proceeds of the foregoing or other transaction contemplated by this Agreement will violate Anti-Corruption Laws or applicable Sanctions.
The City promises to pay to the Bank the portion of each Liquidity Advance representing the interest component of the purchase price of the Bonds on the date of such Liquidity Drawing.
The amount of the Letter of Credit and the amounts available to be drawn thereunder by the Trustee shall not be increased with respect to the conversion of a Liquidity Advance to a Term Loan.
The City shall pay or cause to be paid interest on the unpaid amount of each Liquidity Advance from the date that such Liquidity Advance is made by the Bank until such amount is repaid in full.