Examples of TALF Program in a sentence
The TALF Program – Potential Catalyst Currently available for select Asset Backed and Commercial Mortgage Backed securities.
On or prior to the date that the Final Prospectus is filed with the Commission, the Representative shall have received evidence that the Sponsor and the Trust have (i) executed the TALF Certification, substantially in the form required under the TALF Program, and (ii) included such executed TALF Certification in the Final Prospectus filed with the Commission.
On or prior to the date that is required by the FRBNY under the TALF Program (the “TALF Delivery Date”), the Sponsor will have executed the Indemnity Undertaking relating to the Notes, substantially in the form required under the TALF Program, and delivered such Indemnity Undertaking to the FRBNY, with a copy to the Representative.
On or prior to the TALF Delivery Date, a nationally recognized certified public accounting firm that is registered with the Public Company Accounting Oversight Board shall have delivered to the FRBNY an executed Auditor Attestation, substantially in the form required under the TALF Program (or in any other form acceptable to the FRBNY), indicating that the Notes are “eligible collateral” under the TALF Program.
On or prior to the date that is required by the FRBNY under the TALF Program (the “ TALF Delivery Date”), the Sponsor will have executed the Indemnity Undertaking relating to the Notes, substantially in the form required under the TALF Program, and delivered such Indemnity Undertaking to the FRBNY, with a copy to the Representative.
On or prior to the date that is required by FRBNY under the TALF Program (the “TALF Delivery Date”), the Sponsor and the Trust will have executed the TALF Certification relating to the Notes, substantially in the form required under the TALF Program and delivered such TALF Certification to the FRBNY and the Representative shall have received evidence of such execution and that such executed TALF Certification was included in the Final Prospectus filed with the Commission.
On or prior to the TALF Delivery Date, the Sponsor will have executed the Indemnity Undertaking relating to the Notes, substantially in the form required under the TALF Program, and delivered such Indemnity Undertaking to the FRBNY, with a copy to the Representative.
Response We have added language under “Risk Factors — Loss of TALF Eligibility, the Requirements of the TALF Program or the Lack of Availability of a TALF Loan May Adversely Affect Your Financing Options and the Liquidity and Market Value of Your Notes” on page S-26, to explain the “collateral haircut” under TALF and to discuss the risk of loss as a result of the collateral haircut.
On or prior to the date that the Prospectus is filed with the Commission, the Representative shall have received evidence that the Sponsor and the Issuer have (i) executed the TALF Certification, substantially in the form required under the TALF Program, and (ii) included such executed TALF Certification in the Prospectus filed with the Commission.
On or prior to the TALF Delivery Date, a nationally recognized certified public accounting firm that is registered with the Public Company Accounting Oversight Board shall have delivered to the FRBNY an executed Auditor Attestation, substantially in the form required under the TALF Program or in any other form acceptable to the FRBNY, indicating that the Notes are eligible collateral under the TALF Program.