Liquidity Facility Bonds definition

Liquidity Facility Bonds means any Bonds purchased with moneys drawn under (or otherwise obtained pursuant to the terms of) a Liquidity Facility, but excluding any Bonds no longer considered to be Liquidity Facility Bonds in accordance with the terms of the applicable Liquidity Facility.

Liquidity Facility Bonds means Bonds purchased by or with funds drawn on a Liquidity Facility Provider pursuant to a Liquidity Facility, but excluding Bonds no longer considered Liquidity Facility Bonds pursuant to the terms of such Liquidity Facility or the initial Reimbursement Agreement or any substitute therefor approved by the Issuer.

Liquidity Facility Bonds with respect to Liquidity Facility Bonds of any subseries, the Interest Payment Dates for other Bonds of such subseries (or any other dates specified in any amendment to the initial Reimbursement Agreement or any replacement thereof approved by the Issuer, if the Trustee has received a Favorable Opinion of Bond Counsel).

Examples of Liquidity Facility Bonds in a sentence

• The principal of Liquidity Facility Bonds shall be paid as set forth in the Reimbursement Agreement relating to such Liquidity Facility Bonds.

• During any period of time in which no Liquidity Facility is in effect under the Bond Indenture and all amounts due under the Liquidity Facilities, the Reimbursement Agreements (if a Liquidity Facility Provider is a party thereto), and the Liquidity Facility Bonds shall have been paid in accordance with the terms thereof and the Bond Indenture, the provisions of this Loan Agreement that relate to the Liquidity Facilities, and the Liquidity Facility Providers shall be of no force and effect.

• Notwithstanding the foregoing, Liquidity Facility Bonds shall bear interest at a rate per annum equal to the Liquidity Facility Bond Rate for such Bonds, and interest on Liquidity Facility Bonds shall be payable on each Interest Payment Date for such Liquidity Facility Bonds.

• The Remarketing Agent shall make each determination of the Applicable Spread and the Applicable Factor (and any function or scale to be used to adjust the Applicable Spread or the Applicable Factor) required to be made by it pursuant to this subsection regardless of whether Bonds are Liquidity Facility Bonds and whether or not an Event of Default exists.

• The fifth full paragraph of Section 28.03 shall be amended and restated in its entirety as follows:At any one time, each Series 2012A Bond shall have the same Interest Rate Determination Method and (except Series 2012A Bonds that are 2012 Liquidity Facility Bonds, Series 2012A Bonds during a Commercial Paper Rate Period, and Series 2012A Bonds of different maturities bearing interest at a Fixed Rate) shall bear interest at the same interest rate.

More Definitions of Liquidity Facility Bonds

Liquidity Facility Bonds has the meaning stated in Section 1.01 of the Bond Indenture.

Liquidity Facility Bonds means any Senior Lien Bonds, Subordinate Obligations or Junior Obligations purchased with moneys drawn under (or otherwise obtained pursuant to the terms of) a Liquidity Facility, but excluding any Senior Lien Bonds, Subordinate Obligations or Junior Obligations no longer considered to be Liquidity Facility Bonds in accordance with the terms of the applicable Liquidity Facility.

Liquidity Facility Bonds means any Bonds purchased with moneys drawn under (or otherwise obtained pursuant to the terms of) a Liquidity Facility, but excluding any Bonds no longer considered to be Liquidity Facility Bonds in accordance with the terms of the applicable Liquidity Facility. If designated as such in a Supplemental Indenture, Bonds purchased with moneys drawn under Credit Enhancement in the form of a letter of credit or other similar instrument shall be treated as Liquidity Facility Bonds.

Liquidity Facility Bonds means any 2024 Series C Bond (other than 2024 Series C Bonds bearing interest at a Fixed Rate) which the Authority designates as such in the Purchase Contract or pursuant to a Notice of Liquidity Change delivered pursuant to and in accordance with Section 405 herein. As of the Closing Date, “Liquidity Facility Bonds” shall mean all 2024 Series C Bonds bearing interest at the Weekly Rate.

Liquidity Facility Bonds means any 2022 Series B Bond (other than 2022 Series B Bonds bearing interest at a Fixed Rate) which the Authority designates as such in the Purchase Contract or pursuant to a notice delivered pursuant to Section 405 herein. During the Initial Period, “Liquidity Facility Bonds” shall mean all 2022 Series B Bonds bearing interest at the Weekly Rate.

Liquidity Facility Bonds means Series 2009A Bonds purchased by the Liquidity Facility Provider or its assignee pursuant to the Liquidity Facility.

Liquidity Facility Bonds means Bonds purchased by the Liquidity Facility Provider pursuant to the Liquidity Facility, but excluding Bonds no longer considered Liquidity Facility Bonds pursuant to the terms of the Liquidity Facility.