Liquidity Support Facility definition

Liquidity Support Facility means (a) any irrevocable direct-pay letter of credit, line of credit or similar facility issued by, or bond purchase agreement entered into by, any financial or similar institution and obtained by or on behalf of the Corporation pursuant to Section 401 hereof, which is in effect and has been delivered to the Trustee to provide Liquidity Support for any Variable Rate Bonds; or (b) in the event of delivery of any Alternate Liquidity Support Facility and so long as Liquidity Support for the Outstanding Variable Rate Bonds is provided thereby, such Alternate Liquidity Support Facility.
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Liquidity Support Facility means (a) the Initial Liquidity Support Facility; or (b) in the event of delivery of any Alternate Liquidity Support Facility, the Alternate Liquidity Support Facility then in effect.
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Related to Liquidity Support Facility

  • Support Facility means any liquidity or credit support agreement with a CP Conduit which relates to this Agreement (including any agreement to purchase an assignment of or participation in Class B Notes).

  • 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.

  • Liquidity Facility “Loan Trustee”, “Long-Term Rating”, “Non-Extended Facility”, “Operative Agreements”, “Participation Agreements”, “Performing Equipment Note”, “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Series A Equipment Notes”, “Scheduled Payment”, “Short-Term Rating”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Trust Agreement”, “Trustee”, “Underwriters”, “Underwriting Agreement” and “United States”.

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

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