Liquidity Draw definition

Liquidity Draw means any advance made or to be made under this agreement.
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Liquidity Draw means a drawing in respect of a CE Letter of Credit that is not classified as a Credit Draw.
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Liquidity Draw means a draw made by the Trustee on the Liquidity Reserve to fund Liquidity Shortfalls in accordance with clause 5.7.
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Examples of Liquidity Draw in a sentence

  • If the Trust Manager determines on any Determination Date that there is a Liquidity Shortfall for the relevant Collection Period the Trust Manager must on that date direct the Trustee to make a Liquidity Draw on or before the Payment Date following that Determination Date equal to the amount which the Trustee is permitted to draw under clause 3.1 of the Liquidity Facility.

  • The Trustee must, if so directed by the Trust Manager but subject to the terms of the Liquidity Facility, make that Liquidity Draw and have the proceeds of the Liquidity Draw deposited into the Collection Account on or before 11.00 am (Sydney time) on the Payment Date.

  • This amount will be a Liquidity Draw in relation to the relevant Determination Date (“Liquidity Draw”).

  • A drawing may only be made under the Liquidity Facility (a Liquidity Draw) if (among other things) no event of default subsists under the Liquidity Facility (as described in paragraph (h)) at the date of the relevant drawdown notice and the relevant drawdown date or will result from the provision of the Liquidity Draw.

  • The Trustee must, if so directed by the Manager, make that Liquidity Draw and have the proceeds of the Liquidity Draw deposited or transferred into the Collection Account on or before the relevant Payment Date.

  • Upon the occurrence of a Tier One Acceleration Event occurs, at the direction of the Lender, such Liquidity Draw shall become immediately due and payable on the date of such Tier One Acceleration Event.

  • This clause survives the repayment of any relevant Liquidity Draw and the termination of this agreement.

  • Clause 16.1 will only apply in relation to any unpaid Liquidity Draw if, at the time the Liquidity Draw was required to be paid, the aggregate of all Liquidity Draws was equal to or greater than the Liquidity Limit.

  • Firstly, that litter from such vehicles is better dealt with under the provisions of the LNLC Act and to exclude these vehicles would have made the operation of a public litter reporting program more difficult in that checks would need to be made against a list of licence plates which would need to be kept up to date.

  • If the Manager determines on any Determination Date that the Yield Reserve Draw and the Principal Draw are less than the Payment Shortfall for the relevant Collection Period, the Trustee must (at the direction of the Manager) on that date request, to the extent available, a Liquidity Draw under the Liquidity Facility Agreement equal to the difference between the Payment Shortfall and the sum of the Yield Reserve Draw and the Principal Draw.


More Definitions of Liquidity Draw

Liquidity Draw into the XX xxxx collateral account and shall use such funds in the same manner as the CE Letter of Credit would be used hereunder.
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Liquidity Draw means a drawing under the Liquidity Facility.
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Related to Liquidity Draw

  • Liquidity Amount means, as of any date of determination, the sum of (a) the Aggregate Borrowing Availability as of such date and (b) the Unrestricted Cash Amount as of such date.

  • Liquidity Commitment means, with respect to each Liquidity Bank, its commitment to make Liquidity Fundings pursuant to the Liquidity Agreement to which it is a party.

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Downgrade Drawing has the meaning assigned to such term in Section 3.6(c).

  • Class B Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Liquidity Agent means any bank or other financial institution acting as agent for the various Liquidity Providers under each Liquidity Agreement.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Class A Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Downgrade Advance means an Advance made pursuant to Section 2.02(c).

  • Class B Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Revolving Advance has the meaning given in Section 2.1.

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Liquidity Condition means an event of immediate termination or suspension as specified in a Liquidity Facility, upon the occurrence of which the Standby Purchaser is not obligated to purchase Multi-Modal Bonds, and, accordingly, such Bonds are not subject to tender for purchase.

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

  • Replacement Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Liquidity Facility “Liquidity Obligations”, “Loan Trustee”, “Non-Extended Facility”, “Note Purchase Agreement”, “Operative Agreements”, “Participation Agreement”, “Performing Equipment Note”, “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Scheduled Payment”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, and “Underwriting Agreement”.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Applied Downgrade Advance has the meaning assigned to such term in Section 2.06(a).

  • Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

  • Class A Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Replacement Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.