Primary Liquidity Facility definition

Primary Liquidity Facility. Means, initially, the Revolving Credit Agreement dated as of July 5, 2001 relating to the Applicable Certificates, between the Primary Liquidity Provider and State Street Bank and Trust, as Subordination Agent, as agent and trustee for the Applicable Trust, and, from and after the replacement of such agreement pursuant to the Intercreditor Agreement, the replacement liquidity facility therefor, in each case as amended, supplemented or otherwise modified from time to time in accordance with their respective terms.
Primary Liquidity Facility means, at any time, the Class G-1 Primary Liquidity Facility, the Class G-2 Primary Liquidity Facility or the Class C Primary Liquidity Facility, as applicable.

Examples of Primary Liquidity Facility in a sentence

  • The Applicable Certificates are entitled to the benefits of the Primary Liquidity Facility, the Above-Cap Liquidity Facility and the Policy.

  • The amount of each drawing under the Primary Liquidity Facility shall be due and payable, together with interest thereon, on the dates and at the rates, respectively, provided in the Primary Liquidity Facility.

  • Upon receipt from a Primary Liquidity Provider of a Termination Notice with respect to any Primary Liquidity Facility, the Subordination Agent shall, not later than the date specified in such Termination Notice, in accordance with the terms of such Primary Liquidity Facility, request a drawing under such Primary Liquidity Facility of all available and undrawn amounts thereunder (a “Final Drawing”).

  • Upon receipt from a Primary Liquidity Provider of a Termination Notice with respect to any Primary Liquidity Facility, the Subordination Agent shall, not later than the date specified in such Termination Notice, in accordance with the terms of such Primary Liquidity Facility, request a drawing under such Primary Liquidity Facility of the Maximum Available Commitment thereunder (a "Final Drawing").

  • The applicable Primary Liquidity Provider may also arrange for a Replacement Primary Liquidity Provider to issue and deliver a Replacement Primary Liquidity Facility at any time after such Downgrade Drawing so long as such Downgrade Drawing has not been reimbursed in full to such Primary Liquidity Provider.


More Definitions of Primary Liquidity Facility

Primary Liquidity Facility. Means, initially, the Revolving Credit Agreement dated as of March 25, 2002 relating to the Applicable Certificates, between the Primary Liquidity Provider and Wilmington Trust Company, as Subordination Agent, as agent and trustee for the Applicable Trust, and, from and after the replacement of such agreement pursuant to the Intercreditor Agreement, the replacement primary liquidity facility therefor, in each case as amended, supplemented or otherwise modified from time to time in accordance with their respective terms.
Primary Liquidity Facility has the meaning set forth in the recitals to the Note Purchase Agreement.
Primary Liquidity Facility means the Revolving Credit Agreement, dated as of the Issuance Date, between the Subordination Agent, as borrower, and the Primary Liquidity Provider, provided that, for purposes of any obligation of Owner, no amendment, modification or supplement to, or substitution or replacement of, such Primary Liquidity Facility shall be effective unless consented to by Owner.
Primary Liquidity Facility is defined in the Intercreditor Agreement.
Primary Liquidity Facility means, initially, the Revolving Credit Agreement, dated as of the date hereof, between the Subordination Agent, as agent and trustee for the Class G Trustee, and Landesbank Baden-Wurttemberg and, from and after the replacement of such agreement pursuant hereto, the Replacement Primary Liquidity Facility therefor, if any, in each case as amended, supplemented or otherwise modified from time to time in accordance with its terms.
Primary Liquidity Facility means, (i) each of the Initial Primary Liquidity Facility and each Additional Primary Liquidity Facility and (ii) from and after the replacement of any such Initial Primary Liquidity Facility or Additional Primary Liquidity Facility, as the case may be, the applicable Replacement Primary Liquidity Facility therefor, if any, in each case as amended, supplemented or otherwise modified from time to time in accordance with its terms. "Primary Liquidity Facilities" has a correlative meaning.