Liquidity Loan definition

Liquidity Loan refers to the daily production by the lender to the borrower for the borrower’s revolving loan, including the general working capital loan and recycled working capital loan.

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Liquidity Loan means a loan made by the Liquidity Bank (or -------------- simultaneous loans made by the Liquidity Banks) pursuant to the Liquidity Agreement.

Liquidity Loan means any Revolving Credit Loan designated as a liquidity loan pursuant to SECTION 2.3.

Examples of Liquidity Loan in a sentence

The failure of any Liquidity Bank to make any advance to be made by it as part of any Liquidity Loan shall not relieve any other Liquidity Bank of its obligation hereunder to make its advance on the date of such Liquidity Loan, but no Liquidity Bank shall be responsible for the failure of any other Liquidity Bank to make the Liquidity Loan to be made by such Liquidity Bank on the date of any Liquidity Loan.
Notwithstanding any such assignment, (i) the Depositary shall have no obligation to communicate with any such assignee when requesting a Liquidity Loan hereunder but shall communicate any such request to the Administrative Agent as if such assignment had not been made and (ii) all payments hereunder shall be made directly to the Administrative Agent as if no such assignment had occurred.
At the date on which such Liquidity Loan is to be made and after giving effect to such Liquidity Loan, no Mandatory Liquidation Event or Potential Mandatory Liquidation Event shall have occurred.
All computations of interest and fees hereunder and under each Liquidity Loan Note shall be made on the basis of the actual number of days elapsed over a year of 360 (or with respect to the computation of interest on Prime Rate Liquidity Loans, 365 or 366, as the case may be) days.
Whenever any payment to be made hereunder or under a Liquidity Loan Note shall be stated to be due on a day which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest shall be payable at the applicable rate during such extension.

More Definitions of Liquidity Loan

Liquidity Loan means the Indebtedness evidenced by that certain Convertible Promissory Note Due January 30, 1998 between Company and BTCo dated as of July 31, 1997.

Liquidity Loan means, at any time, the amount equal to the aggregate of the amount then credited to the Liquidity Ledger;

Liquidity Loan means a Loan made pursuant to Section 2.01(d) or Section 2.12(e).

Liquidity Loan has the meaning set forth in the Liquidity Agreement.

Liquidity Loan means a loan drawn under a Liquidity Facility Agreement.

Liquidity Loan. As defined in the Recitals to this Agreement. -------------- -------------- Liquidity Loan Documents: All loan documents, loan agreements, ------------------------ notes, security agreements, mortgages, guaranties, collateral security agreements and other instruments evidencing, representing, securing and/or guaranteeing the Liquidity Loan, including, without limitation, the Liquidity Credit Agreement, the Liquidity Notes and the Liquidity Mortgage, as any of the same may be amended, supplemented, extended, renewed, restated, replaced, substituted or otherwise modified from time to time.

Liquidity Loan as defined in Section 4.02.