Liquidity Provider Bond definition

Liquidity Provider Bond means any Series 2008 Bond purchased upon an optional or mandatory tender for purchase with funds provided by a Liquidity Provider under a Liquidity Support Facility and registered in the name of the Liquidity Provider as the owner thereof or, if the Book-Entry System is in effect, registered in the name of the Liquidity Provider, or such agent or nominee as the Liquidity Provider shall direct, or as collateral security in favor of the Liquidity Provider pursuant to the Liquidity Agreement, until such time as such Series 2008 Bond is remarketed pursuant to the Remarketing Agreement, or the Liquidity Provider is reimbursed by the District for such draw on the Liquidity Support Facility pursuant to the Liquidity Agreement or such Series 2008 Bond is paid in full.
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Examples of Liquidity Provider Bond in a sentence

  • In addition to the foregoing provisions for the redemption of Bonds, any Liquidity Provider Bond shall be subject to redemption at the time and in the amount and at the price specified by such Liquidity Facility.

  • If the Remarketing Agent remarkets any Liquidity Provider Bond, the Remarketing Agent shall direct the purchaser of such Liquidity Provider Bond to transfer, by 10:30 a.m., New York City time, on the Purchase Date, the Purchase Price of such remarketed Liquidity Provider Bond to the Bond Trustee for deposit into a separate subaccount of the Remarketing Account of the Bond Purchase Fund, to be disbursed from such subaccount solely for the purposes described in this paragraph.

  • Notwithstanding any other provision of this Indenture, including any provision of this Section 2.03 relating to the determination of interest rates on the Bonds, but subject to Section 5.15 of the Agreement, any Liquidity Provider Bond shall bear interest at the rate, payable at the times and in the manner, specified by the related Liquidity Facility.

  • On such Liquidity Provider Bond Transfer Date, the Liquidity Provider (or other entity) shall make the Liquidity Provider Bond or Liquidity Provider Bonds being purchased available to the Trustee by 9:30 a.m., New York time.

  • Upon payment by or on behalf of the purchaser thereof to the Tender Agent, for the benefit of the Liquidity Provider (or other entity), by 10:00 a.m., New York time, in immediately available funds, of the purchase price of the Liquidity Provider Bond (or portion thereof) then being purchased in an amount equal to 100 percent of the principal amount thereof plus accrued interest thereon, the Tender Agent shall notify the Trustee and shall destroy such Liquidity Provider Bond or Liquidity Provider Bonds.

  • The dispute process, following the FIDIC conditions of contract has consumed a considerable amount of time and was in the amicable settlement phase at the end of 2014.

  • The foregoing notwithstanding, the Trustee shall not destroy the Liquidity Provider Bond or Liquidity Provider Bonds, or deliver new Series 2008 Bonds in exchange therefor, unless (i) the Trustee has received written notice from the Liquidity Provider of full reinstatement of the Liquidity Support Facility or (ii) full reinstatement of the Liquidity Support Facility would automatically occur upon such destruction or delivery.

  • Notwithstanding any other provision of this Indenture, including any provision of this Section 2.03 relating to the determination of interest rates on the Bonds, any Liquidity Provider Bond shall bear interest at the rate, payable at the times and in the manner, specified by such Liquidity Facility.

  • Interest on any Liquidity Provider Bond that ceases to be a Liquidity Provider Bond during an Interest Period shall be paid to the Person who is the Owner at the close of business on the Record Date at the rate borne by Bonds other than Liquidity Provider Bonds.

  • Upon the receipt of such purchase price, the Tender Agent shall authenticate, register and deliver new Series 2008 Bonds in exchange for such Liquidity Provider Bond or Liquidity Provider Bonds so purchased as directed by the Remarketing Agent pursuant to Section 2.08(a).

Related to Liquidity Provider Bond

  • Liquidity Provider means each bank or other financial institution that provides liquidity support to any Conduit Purchaser pursuant to the terms of a Liquidity Agreement.

  • Liquidity Providers means, collectively, the Class A Liquidity Provider and the Class B Liquidity Provider.

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

  • Liquidity Facility Provider means a Person that is a party to a Liquidity Facility with the Authority with respect to specified Bonds and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.

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

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

  • Liquidity Provider Ratings Event means the Liquidity Provider shall fail to maintain at any time short-term debt ratings in one of the two highest rating categories from the Requisite NRSROs.

  • Interest Rate Cap Provider if any, shall mean the entity listed as the Interest Rate Cap Provider in the Series Term Sheet, in its capacity as obligor under the Class Interest Rate Caps, or if any Replacement Class Interest Rate Caps or Qualified Substitute Cap Arrangements are obtained pursuant to Section 15, the obligor with respect to such Replacement Class Interest Rate Caps or Qualified Substitute Cap Arrangements.

  • 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”.

  • Provider Advance means a Downgrade Advance or a Non-Extension Advance.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

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

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

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

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Conduit Credit Enhancer shall have the meaning assigned to such term in Section 14(d).

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Liquidity Facilities means, collectively, the Class A Liquidity Facility and the Class B Liquidity Facility.

  • Credit Enhancement means any credit enhancement or credit support arrangement in support of the obligations of Dealer under or with respect to this Confirmation, including any guarantee, collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin or any similar arrangement.

  • Subservicer Advance Any delinquent installment of principal and interest on a Mortgage Loan which is advanced by the related Subservicer (net of its Subservicing Fee) pursuant to the Subservicing Agreement.

  • Replacement Liquidity Facility 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.

  • Policy Provider means MBIA Insurance Corporation, or any successor thereto.

  • Series Enhancement means the rights and benefits provided to the Trust or the Investor Certificateholders of any Series or Class pursuant to any letter of credit, surety bond, insurance policy, cash collateral guaranty, subordinated interest in the Trust Assets, cash collateral account, collateral interest, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, interest rate swap agreement, interest rate cap agreement or other similar arrangement. The subordination of any Series or Class to another Series or Class shall be deemed to be a Series Enhancement.

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

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.