Initial Liquidity Facility definition

Initial Liquidity Facility means the Revolving Credit Agreement entered into between the Issuer and the Initial Liquidity Facility Provider on the Initial Closing Date.

Initial Liquidity Facility means the Standby Bond Purchase Agreement dated as of April 17, 2024, among the Authority, the Royal Bank of Canada and Zions Bancorporation, National Association, as Paying Agent.

Initial Liquidity Facility means the financial accommodation made available by the Initial Liquidity Facility Provider to the Borrower pursuant to the terms of this Agreement.

Examples of Initial Liquidity Facility in a sentence

• Unless extended in accordance with Section 9.9 of the Initial Liquidity Facility, the Liquidity Facility will expire on the “Expiration Date,” as defined in the Initial Liquidity Facility.

• The issuance of ratings on the 2024 Series A-2 Bonds as initially delivered shall serve as the “evidence in writing from each Rating Agency” required hereby with respect to the amount of the Initial Liquidity Facility and number of days of interest covered thereby for the time the 2024 Series A-2 Bonds bear interest at a Weekly Rate.

• The issuance of ratings on the 2024 Series B-2 Bonds as initially delivered shall serve as the “evidence in writing from each Rating Agency” required hereby with respect to the amount of the Initial Liquidity Facility and number of days of interest covered thereby for the time the 2024 Series B-2 Bonds bear interest at a Weekly Rate.

More Definitions of Initial Liquidity Facility

Initial Liquidity Facility means the Letter of Credit dated July 29, 1999 issued by Morgan Guaranty Trust Company of New York.

Initial Liquidity Facility means the Revolving Credit Agreement dated as of the Initial Closing Date among the Initial Liquidity Facility Provider, the Issuer and the Administrative Agent, as amended from time to time in accordance with its terms and as replaced and so designated pursuant to Section 3.14(e)(iii), provided that, if the Initial Liquidity Facility is replaced by any Replacement Liquidity Facility, the term “Initial Liquidity Facility” shall be deemed to refer to such Replacement Liquidity Facility and any subsequent Replacement Liquidity Facility that replaces any prior Replacement Liquidity Facility.

Initial Liquidity Facility means the Standby Bond Purchase Agreement, dated August [ ], 2020, with respect to the 2020 Series E Bonds, between the Corporation and Royal Bank of Canada, acting through its branch located in New York, New York.

Initial Liquidity Facility means the Class A Liquidity Facility or the Class B Liquidity Facility, as applicable, provided by the Initial Liquidity Provider.

Initial Liquidity Facility means the Revolving Credit Agreement dated as of the Initial Closing Date among the Initial Liquidity Facility Provider, the Issuer and the Administrative [**] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. Confidential Treatment Requested: Information for which confidential treatment has been requested is omitted and is noted with asterisks. An unredacted version of this document has been filed separately with the Securities and Exchange Commission. Agent, as amended from time to time in accordance with its terms and as replaced and so designated pursuant to Section 3.14(e)(iii), provided that, if the Initial Liquidity Facility is replaced by any Replacement Liquidity Facility, the term “Initial Liquidity Facility” shall be deemed to refer to such Replacement Liquidity Facility and any subsequent Replacement Liquidity Facility that replaces any prior Replacement Liquidity Facility.

Initial Liquidity Facility means the Standby Bond Purchase Agreement, dated June [21], 2022, with respect to the 2022 Series C-3 Bonds, between the Corporation and Barclays Bank PLC.

Initial Liquidity Facility means the Standby Bond Purchase Agreement, dated June [24], 2021, with respect to the 2021 Series F-3 Bonds, between the Corporation and Barclays Bank PLC.