Liquidity Limit definition

Liquidity Limit means the maximum amount allowed to be drawn by the Issuer on a Payment Date pursuant to the terms of the Liquidity Facility Agreement.

Liquidity Limit means, at any time, the lesser of:

Liquidity Limit means an amount equal to, the lesser of (a) the undrawn amount of the Liquidity Facility; (b) the sum of (i) the Accrued Euro Collateral Interest Amount (ii) the Accrued Sterling Collateral Interest Amount and (iii) the Accrued US Dollar Collateral Interest Amount both (ii) and(iii) as converted into Euro at the Initial Exchange Rate for the purposes of calculating the amount referred to in this paragraph (b); and (c) such lesser amount as determined by the Collateral Manager on behalf of the Issuer or as otherwise permitted under the Liquidity Facility Agreement.

Examples of Liquidity Limit in a sentence

• 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.

• At the close of business (Sydney time) on the last day of the Term the Liquidity Limit will be cancelled.

• On giving not less than 5 Business Days irrevocable notice to the Liquidity Provider the Trustee may cancel all or part of the Liquidity Limit during the Term if each Designated Rating Agency has confirmed that such cancellation will not result in a downgrading, withdrawal or qualification of the credit rating assigned by each of the Designated Rating Agencies to the Notes.

• Liquidity Limit means the commitment of the Liquidity Facility Provider under the Liquidity Facility, as varied from time to time.

• Available Liquidity Amount means at any time the Liquidity Limit at that time less the Liquidity Outstandings at that time, if positive.

More Definitions of Liquidity Limit

Liquidity Limit means at any date the least of:

Liquidity Limit means, with respect to any Liquidity Bank, the maximum principal amount of Loans that may at any time be outstanding under the Liquidity Bank Note of such Liquidity Bank, as set forth under such Liquidity Bank’s signature to this Agreement or the agreement by which such Liquidity Bank became a party to this Agreement, as modified from time to time in accordance with Section 11.04 (Assignments by Liquidity Banks) of this Agreement.

Liquidity Limit means an amount equal to, the lesser of (a) the undrawn commitment amount under the Liquidity Facility Swap; (b) the Accrued Collateral Interest Amount; and (c) the amount required to be added to Interest Proceeds to enable the Issuer to meet its obligations under paragraphs (A) to (T) inclusive of Condition 3(c)(i) (Application of Interest Proceeds on Payment Dates).

Liquidity Limit means an amount equal to, the least of (a) the undrawn amount of the Liquidity Facility; (b) the Accrued Euro Collateral Interest Amount (in the case of a Euro denominated drawing), the Accrued Sterling Collateral Interest Amount (in the case of a Sterling denominated drawing), or the Accrued US Dollar Collateral Interest Amount (in the case of a US Dollar denominated drawing), converted into Euro where applicable at the Spot Rate for the purpose of calculating this paragraph (b); and (c) such lesser amount as determined by the Collateral Manager on behalf of the Issuer or as otherwise permitted under the Liquidity Facility Agreement.

Liquidity Limit means an amount equal to, the lesser of (a) the undrawn amount of the Liquidity Facility; and (b) the amount equal to the aggregate of all accrued unpaid interest on Collateral Debt Obligations (other than Defaulted Obligations and converted where applicable at the Asset Swap Transaction Exchange Rate) which is not payable to the Issuer on or prior to the Determination Date preceding the next Payment Date.

Liquidity Limit means an amount equal to the lesser of:

Liquidity Limit means, from time to time, a limit which is no more than the amount then available under the Liquidity Facility (taking into account any previous draws made under the Liquidity Facility).