Liquidity Facilities. On the Initial Closing Date, the Issuer shall establish the Initial Liquidity Facility and thereafter, the Issuer may enter, from time to time, into one or more additional Liquidity Facility Agreements (each, an “Additional Liquidity Facility”) by entering into transaction documentation (the “Liquidity Facility Documents”) with one or more Additional Liquidity Facility Providers. The following conditions must be satisfied before the Issuer may establish an Additional Liquidity Facility:
Liquidity Facilities. 35 ARTICLE IV
Liquidity Facilities. 41 Section 3.07 The Policy................................................................................. 47 Section 3.08 Subrogation................................................................................ 51
Liquidity Facilities. Each Conduit Lender party hereto hereby represents that (i) pursuant to the Liquidity Agreement, such Conduit Lender has obtained a Liquidity Commitment from its Liquidity Provider(s) in an amount equal to 102% of the greater of (A) its Commitment from time to time in effect hereunder, and (B) its Percentage of the Aggregate Principal outstanding from time to time hereunder, and (ii) while the Liquidity Provider(s) may not be obligated to pay par for a Loan that is transferred to it pursuant to the Liquidity Agreement, the only condition precedent to any Liquidity Provider(s) obligation to pay the agreed-upon price thereunder is the absence of an Event of Bankruptcy with respect to such Conduit Lender.
Liquidity Facilities. The Issuer may establish one or more Liquidity Facilities in connection with the issuance of an Additional Series by entering into transaction documentation (the “Liquidity Facility Documents”) with one or more Liquidity Facility Providers. The following conditions must be satisfied before the Issuer establishes a Liquidity Facility:
Liquidity Facilities. 47- SECTION 3.7 The Policy . . . . . . . . . . . . . . . . . . . . . . . -54-
Liquidity Facilities. 38 SECTION 3.7. THE POLICY...................................................................................... 44
Liquidity Facilities. For so long as the Policy remains in effect or any Reimbursement Obligation or Premium remains unpaid, the Company will ensure that whenever a Bond bears interest at a rate (other than an Auction Rate (as defined in the Indenture)) that is not fixed to maturity, the obligation of the Company to purchase, or provide funds for the purchase of, such Bonds at the end of any interest rate period shall be supported by a standby bond purchase agreement or other liquidity facility from a provider, and on terms and conditions, acceptable to Ambac.
Liquidity Facilities. Section 8.1. Authorization of Liquidity Facility 37 Section 8.2. Requirements for Liquidity Facility 37 Section 8.3. Alternate Liquidity Facility 37 Section 8.4. Opinions of Counsel and Other Documents 38 Section 8.5. Draws 38 Section 8.6. Rights of Liquidity Facility Provider 39 Section 8.7. Notices to Liquidity Facility Provider 39 ARTICLE IX INTEREST RATE CONTRACTS Section 9.1. Interest Rate Contract 40 Section 9.2. Obligation to Make Interest Rate Contract Payments 40 Section 9.3. Requirements for Delivery of an Alternate Interest Rate Contract 40 ARTICLE X MISCELLANEOUS Section 10.1. Severability and Invalid Provisions 41 Section 10.2. Table of Contents and Section Headings Not Controlling 41 Section 10.3. Counterparts; Electronic Transactions 41 Section 10.4. Effective Date; Execution and Delivery 41 EXHIBIT A FORM OF 2024 SERIES A-1 BOND ............................................................ A-1 EXHIBIT B FORM OF 2024 SERIES A-2 BOND ..............................................................B-1 2024A Series Indenture This 2024A Series Indenture, dated as of February 1, 2024 (this “Series Indenture”), between the Colorado Housing and Finance Authority (the “Authority”), a body corporate and political subdivision of the State of Colorado, and Zions Bancorporation, National Association (formerly, Zions First National Bank), as Trustee (the “Trustee”), a national banking association, duly organized and existing under the laws of the United States of America, with a corporate trust office located in Denver, Colorado, and authorized under such laws to accept and execute trusts of the character herein set forth,
Liquidity Facilities. ..................................................................37
