Definition of Policy Provider Interest Obligations

  1. Policy Provider Interest Obligations means any interest on any Policy Drawing made to cover any shortfall attributable to any failure of the Primary Liquidity Provider to honor any Interest Drawing in accordance with Section 2.02(e) of the Primary Liquidity Facility in an amount equal to the amount of interest that would have accrued on such Interest Drawing if such Interest Drawing had been made in accordance with Section 2.02(e) of the Primary Liquidity Facility at the interest rate applicable to such Interest Drawing until such Policy Drawing has been repaid in full.

Definition of Policy Provider Interest Obligations in Agreement

Policy Provider Interest Obligations means any interest on any Policy Drawing made to cover any shortfall attributable to any failure of the Primary Liquidity Provider to honor any Interest Drawing in accordance with Section 2.02(e) of the Primary Liquidity Facility in an amount equal to the amount of interest that would have accrued on such Interest Drawing if such Interest Drawing had been made in accordance with Section 2.02(e) of the Primary Liquidity Facility at the interest rate applicable to such Interest Drawing until such Policy Drawing has been repaid in full.