Examples of Liquidity Facility Provider in a sentence
The Authority hereby appoints RBC Capital Markets, LLC as Remarketing Agent to remarket the 2024 Series C-2 Bonds pursuant to the Indenture, and to keep such books and records as shall be consistent with prudent industry practice and to make such books and records available for inspection by the Liquidity Facility Provider, the Authority, the Paying Agent and the Trustee at all reasonable times.
Bank Bonds shall not be remarketed unless the Paying Agent has received written notice from the Liquidity Facility Provider that the Liquidity Facility has been reinstated in full.
Anything in the Indenture to the contrary notwithstanding, if there shall have occurred and be continuing an Event of Default described in Section 7.1(b) of the Master Indenture with respect to a failure to pay any Principal Installment or interest on the 2024 Series C-2 Bonds, the Remarketing Agent shall not remarket, and the Liquidity Facility Provider shall not be required to purchase pursuant to the Liquidity Facility, any 2024 Series C-2 Bonds.
Any amounts deposited in the Standby Purchase Account and not needed with respect to any Purchase Date or Mandatory Purchase Date for the payment of the Purchase Price for any 2024 Series C-2 Bonds shall be immediately returned to the Liquidity Facility Provider.
Any successor Remarketing Agent shall be selected by the Authority (and approved by the Liquidity Facility Provider) and shall be a member of the Financial Industry Regulatory Authority, shall have a capitalization of at least $15,000,000, and shall be authorized by law to perform all the duties set forth in the Indenture.