Required Liquidity Providers definition

Required Liquidity Providers means Liquidity Providers having Liquidity Provider Commitments in excess of 66-2/3% of the Commitment of all Liquidity Providers.
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Required Liquidity Providers means Liquidity Providers having Liquidity Provider Commitments in excess of 66-2/3% of the Commitment of all Liquidity Providers or, if the Commitments of all Liquidity Providers shall then have been terminated, such Liquidity Providers as together shall then own in excess of sixty-six and two-thirds percent (66-2/3%) of the sum of the Investments for all the Liquidity Providers at such time. For purposes of this definition, prior to the Liquidity Termination Date, any Liquidity Provider that has funded a Collateral Account pursuant to Section 4.12(e) of the Transfer Agreement shall be deemed to have a Commitment equal to the sum of the amount on deposit in such Collateral Account (less any earnings therein) plus the outstanding amount of such Liquidity Provider's Investment.
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Required Liquidity Providers means, at any time, Liquidity Lenders holding, in the aggregate, Liquidity Commitments, such that the aggregate amount of such commitments equals or exceeds 66-2/3% of the Aggregate Liquidity Commitment; provided, however, that any Liquidity Lender that has defaulted in making a Liquidity Advance (if at such time such default is continuing), shall be considered to have a Liquidity Commitment equal to the unpaid or unreimbursed balance of its Liquidity Advances; and provided, further, that the Liquidity
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Examples of Required Liquidity Providers in a sentence

  • Any additional Discount that has accrued after a Termination Event before the execution of a waiver thereof, solely as a result of the occurrence of such Termination Event, may be waived by the Agent at the direction of the Purchaser entitled thereto or, in the case of Discount owing to the Liquidity Providers, of the Required Liquidity Providers.

  • If any such amendment, modification, supplement or waiver shall be so consented to by the Series 1997-1 Collateral Agent (to the extent required) and the Required Liquidity Providers, RFC agrees, promptly following a request by the Series 1997-1 Collateral Agent or the Series 1997-1 Liquidity Agent to do so, to execute and deliver, in its own name and at its own expense, such agreements, instruments, consents and other documents as any of them may deem necessary or appropriate in the circumstances.

  • In any instance in which the Series 1997-1 Collateral Agent is permitted to take action hereunder, the Series 1997-1 Collateral Agent shall, except as expressly provided herein or in the Series 1997-1 Liquidity Agreement, act in accordance with the written instructions received, if any, from the Required Liquidity Providers, or if specified the Required VFN Noteholders.

  • If RFC shall fail to do any act or thing which it has covenanted to do hereunder or any representation or warranty on the part of RFC contained herein or repeated and reaffirmed herein shall be breached, the Series 1997-1 Collateral Agent may, with the consent of the Required Liquidity Providers, but shall not be required, to, do the same or cause it to be done or remedy any such breach, and may expend its funds for such purpose.

  • All instructions and notices from the Required Liquidity Providers shall be submitted to the Agent through the Liquidity Agent and the Support Credit Enhancer Agents.

  • In any instance in which the Agent is permitted to take action hereunder, the Agent shall, except as expressly provided herein or in the Liquidity Agreement, act in accordance with the written instructions received, if any, from the Required Liquidity Providers.

  • Upon the occurrence of a Loan Event of Default, the Agent, upon direction by the Required Liquidity Providers, shall direct NFC to declare that the Loan Commitments are terminated and, if no Commercial Paper Notes are then outstanding, the Loan Note immediately due and payable.

  • Instructions of the Required Liquidity Providers and Other Parties..................................

  • Without limitation of the foregoing, the Agent is authorized to give instructions to the Master Collateral Agent under the Master Collateral Agency Agreement with respect to release of any funds (for which the Agent is a Beneficiary) upon the direction of the Required Liquidity Providers.

  • All instructions and notices from the Required Liquidity Providers shall be submitted to the Collateral Agent through the Liquidity Agent.


More Definitions of Required Liquidity Providers

Required Liquidity Providers. Borrowing Base Deficiency", "Eligible Manufacturers", "Eligible Repurchase Program", "Event of Bankruptcy" or "Majority Banks" or any defined term used for the purpose of any such definition shall require the consent of each Liquidity Lender and the B Support Credit Enhancers; and further provided that any amendment, waiver or other modification that would
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Required Liquidity Providers means Liquidity Providers having Liquidity Provider Commitments in excess of 66-2/3% of the Commitment of all Liquidity Providers. "Reserve" means, for each Purchaser, an amount equal to the Reserve Percentage multiplied by such Purchaser's Investment. "Reserve Percentage" means, at any time, the sum of the Loss Reserve, the Dilution Reserve and the Discount Reserve. "Seller" is defined in the first paragraph hereof. "Seller Account" means the Seller's account number 000-0-000000 at The Chase Manhattan Bank, New York, New York or such other account designated by the Seller to the Agent with at least ten (10) days prior notice. "Sold Interest" is defined in Section 1.1(a). "Special Transaction Subaccount" means the special transaction subaccount established for this Agreement pursuant to Windmill's depositary agreement. "S&P" means Standard & Poor's Ratings Group. "Subordinated Notes" means each buyer note issued by the Seller to the applicable Originator under the Purchase Agreement. "Subsidiary" means any Person of which at least a majority of the voting stock (or equivalent equity interests) is owned or controlled by the Seller or any Crompton & Kxxxxxx Entity or by one or more other Subsidiaries of the Seller or such Crompton & Kxxxxxx Entity. The Subsidiaries of the Parent on the date hereof are listed on Exhibit F. "Taxes" means all taxes, charges, fees, levies or other assessments (including income, gross receipts, profits, withholding, excise, property, sales, use, license, occupation and franchise taxes and including any related interest, penalties or other additions) imposed by any jurisdiction or taxing authority (whether foreign or domestic). "Termination Date" means (a) for Windmill, the Windmill Termination Date, (b) for the Liquidity Providers, the Liquidity Termination Date and (c) for the Enhancer, the earlier of (i) the third (3rd) Business Day following the Liquidity Termination Date and (ii) December 10, 1999. "Termination Event" means the occurrence of any one or more of the following:
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Required Liquidity Providers means the Liquidity Providers designated from time to time as "Required Liquidity Providers" pursuant to the Master Agreement.
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Required Liquidity Providers means, at any time, Liquidity Lenders and Series 1998-1 Letter of Credit Provider holding, in the aggregate, Liquidity Commitments and Series 1998-1 Letter of Credit Commitments, respectively, such that the aggregate amount of such commitments equals or exceeds 66-2/3% of the sum of the Aggregate Liquidity Commitment and the Series 1998-1 Letter of Credit Commitment; provided, however, that any Liquidity Lender or Series 1998-1 Letter of Credit Provider that has defaulted in making a Liquidity Advance or making LOC Disbursement (if at such time such default is continuing), shall be considered to have a Liquidity Commitment or Series 1998-1 Letter of Credit Commitment equal to the unpaid or unreimbursed balance of its Liquidity Advances or LOC Disbursements, as applicable; and provided, further, that the Liquidity Commitment or Series 1998-1 Letter of Credit Commitment of any Liquidity Lender or Series 1998-1 Letter of Credit Provider whose commitment has been drawn, terminated and not repaid, shall equal the unpaid or unreimbursed balance of its Liquidity Advances or LOC Disbursements, as applicable.
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Required Liquidity Providers means, at any time, Liquidity Lenders and the B Support Credit Enhancer holding, in the aggregate, Liquidity Commitments and Credit Enhancer Commitments, respectively, such that the aggregate amount of such commitments equals or exceeds 66-2/3% of the sum of the Aggregate Liquidity Commitment and the aggregate Credit Enhancer Commitments with respect to such B Support Credit Enhancer; provided, however, that any Liquidity Lender or B Support Credit Enhancer that has defaulted in making a Liquidity Advance or making a Support Disbursement (if at such time such default is continuing), shall be considered to have a Liquidity Commitment or Credit Enhancer Commitment equal to the unpaid or unreimbursed balance of its Liquidity Advances or Support Disbursements, as applicable; and provided further that the Liquidity Commitment or Credit Enhancer Commitment of any Liquidity Lender or Series 1996-2 Credit Enhancer whose commitment has been drawn, terminated and not repaid, shall equal the unpaid or unreimbursed balance of its Liquidity Advances or Support Disbursements, as applicable.
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Related to Required Liquidity Providers

  • Class B Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Replacement Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Class A Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Liquidity Providers means, collectively, the Class A Liquidity Provider and the Class B Liquidity Provider.

  • Liquidity Provider means each bank or other financial institution that provides liquidity support to any Conduit Purchaser pursuant to the terms of a Liquidity Agreement.

  • Liquidity Facility Provider means a Person that is a party to a Liquidity Facility with the Authority with respect to specified Bonds and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.

  • Liquidity Provider Ratings Event means the Liquidity Provider shall fail to maintain at any time short-term debt ratings in one of the two highest rating categories from the Requisite NRSROs.

  • Required Lenders means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Required Banks means at any time Banks having at least 66 2/3% of the aggregate amount of the Commitments or, if the Commitments are no longer in effect, Banks holding at least 66 2/3% of the aggregate outstanding principal amount of the sum of the (i) Syndicated Loans and (ii) Money Market Loans.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Class A Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Class B Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Replacement Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • Administrative Agent Fee Letter means the Administrative Agent Fee Letter dated as of the Closing Date between the Borrower and the Administrative Agent.

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.

  • Administrative Agent’s Fee Letter means that certain letter agreement, dated as of July 28, 2010, among the Administrative Agent, Banc of America Securities LLC, the Borrower and the Parent, as amended, modified, restated or supplemented from time to time.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Available Liquidity means on any date, the sum of (i) the excess, if any, of (x) the amount of all Revolving Credit Commitments of each Lender that is not a Defaulting Lender on such date over (y) the aggregate Revolving Credit Exposure on such date plus (ii) the aggregate amount of unrestricted cash and Permitted Investments of the Company and its Restricted Subsidiaries on such date.

  • Collateral Provider means the Security Collateral Provider under a Security Document or the Transferor under a Transfer Annex, according to context, in relation to which “Collateral Taker” means the Secured Party or the Transferee, as the case may be.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Requisite Lenders means Lenders having or holding more than 50% of the sum of the aggregate Term Loan Exposure of all Lenders plus the aggregate Revolving Loan Exposure of all Lenders.

  • Liquidity Provider Ratings Event Termination Date means the date established by the Tender and Paying Agent, acting upon instructions of the Fund pursuant to the Tender and Paying Agent Agreement, for termination of the VRDP Purchase Agreement upon the occurrence of a Liquidity Provider Ratings Event, which date shall be not less than 16 days nor more than 30 days following such Liquidity Provider Ratings Event.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).