Liquidity Commitments Clause Samples

A Liquidity Commitments clause defines the obligations of parties to provide or maintain a certain level of readily available funds or assets, ensuring that sufficient liquidity is present to meet financial obligations. This clause typically specifies the minimum amounts, acceptable forms of liquidity (such as cash or credit lines), and the conditions under which these resources must be accessible. By establishing clear requirements for liquidity, the clause helps prevent cash flow shortages and ensures that parties can meet their payment or settlement responsibilities as they arise.
Liquidity Commitments. Subject to and in accordance with the terms and conditions of this Series 1997-1 Liquidity Agreement (including Article VI), each Liquidity Lender severally and not jointly agrees to make Revolving Advances and Refunding Advances, and the Swing Line Lender agrees to make Swing Line Advances (relative to such Liquidity Lender, or to the Swing Line Lender, as the case may be, collectively, together with its Commitment Termination Date Liquidity Advance, its "Liquidity Advances"), to RFC pursuant to this Section 3.1.
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Liquidity Commitments. 6 SECTION 3.1.1. Refunding Advance Commitment........................................ 7 SECTION 3.1.2. Swing Line Commitment............................................... 7 SECTION 3.1.3. Use of Proceeds..................................................... 7
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Liquidity Commitments. Borrowing Procedures, Liquidity Advances and Notes ------------------------------------------------------------------------- SECTION 3.1. Liquidity Commitments.......................................................... 5 --------------------- SECTION
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Liquidity Commitments. Purchases or sales of the asset-backed security made pursuant to, and consistent with, commitments of the securitization participant to provide liquidity for the asset-backed security.
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Liquidity Commitments. Each of the undersigned hereby agrees that the Liquidity Commitment of each Liquidity Lender from the date hereof through the Scheduled Liquidity Commitment Termination Date with respect to such Liquidity Lender shall be as set forth next to such Liquidity Lender’s signature on the signature pages hereto. Each of the undersigned further agrees that, for the avoidance of doubt, the Liquidity Commitment of any such Liquidity Lender shall be terminated as of the date hereof if such Liquidity Commitment is $0 on the signature pages hereto (any such Liquidity Lender whose Liquidity Commitment is being terminated hereby, a “Terminated Liquidity Lender”). As of the date hereof, each Terminated Liquidity Lender shall no longer constitute a “Liquidity Lender” under the Liquidity Agreement and the other CP Program Documents, shall not have any rights or obligations (other than under Sections 11.13 and 11.14 of the Liquidity Agreement) under the Liquidity Agreement and the other CP Program Documents and shall no longer be bound by the terms and conditions set forth in the Liquidity Agreement (other than under Sections 11.13 and 11.14 of the Liquidity Agreement) and the other CP Program Documents. Each of the undersigned further agrees that, for the avoidance of doubt, if the Liquidity Commitment of any Liquidity Lender is being reduced hereby to an amount greater than $0, then the Liquidity Commitment of such Liquidity Lender shall be terminated as of the date hereof by the amount of such reduction (any such Liquidity Lender whose Liquidity Commitment is being partially terminated hereby, a “Partially Terminated Liquidity Lender” and the portion of such Partially Terminated Liquidity Lender’s Liquidity Commitment that is being terminated hereby, a “Partially Terminated Liquidity Commitment Amount”). As of the date hereof, each Partially Terminated Liquidity Lender shall no longer constitute a “Liquidity Lender” under the Liquidity Agreement and the other CP Program Documents with respect to such Partially Terminated Liquidity Commitment Amount (but shall remain a “Liquidity Lender” under the Liquidity Agreement and the other CP Program Documents with respect to the Liquidity Commitment set forth next to such Liquidity Lender’s signature on the signature pages hereto), shall not have any rights or obligations under the Liquidity Agreement and the other CP Program Documents with respect to such Partially Terminated Liquidity Commitment Amount (but shall have all rights...
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Liquidity Commitments. 6 SECTION 3.1.1. Revolving Advance Commitment...................... 7 SECTION 3.1.2. Refunding Advance Commitment...................... 7 SECTION 3.1.3. Swing Line Commitment............................. 7 SECTION 3.1.4. Use of Proceeds................................... 8 SECTION 3.2 Liquidity Lenders Not Required to Make Certain Liquidity Advances............................... 8 SECTION 3.2.1. Revolving Advances................................ 8 SECTION 3.2.2. Refunding and Swing Line Advances................. 8 SECTION 3.2.3. Failure to Fund................................... 8 SECTION 3.3. Termination and Reduction of the Liquidity Commitments...................................... 9 SECTION 3.4. Increase of the Aggregate Liquidity Commitment....................................... 10 SECTION 3.5. Extensions of Scheduled Liquidity Commitment Termination Date................................. 10
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Liquidity Commitments. On the terms and subject to the conditions of this Agreement (including Article VI), each Liquidity Lender severally agrees to make loans characterized hereunder as "Revolving Advances" and "Refunding Advances" (relative to such Liquidity Lender, collectively, its "Liquidity Advances") to the Borrower pursuant to the Liquidity Commitments described in this Section 3.1.
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Liquidity Commitments. Subject to and in --------------------- accordance with the terms and the conditions of this Agreement (including Article VI), each Liquidity Lender severally and not jointly agrees to make Revolving Advances and Refunding Advances (relative to such Liquidity Lender, together with its Commitment Termination Date Liquidity Advance, its "Liquidity Advances"), to ▇▇▇▇▇ pursuant to this Section 3.01.
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Liquidity Commitments 
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Related to Liquidity Commitments

  • Revolving Commitments (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time on any Business Day during the Commitment Period, at such times as the Borrower may request in accordance with Section 2.2, in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Applicable Percentage of the aggregate principal amount of Swingline Loans then outstanding, does not exceed the amount of such Lender’s Commitment; provided, however, that (i) no Revolving Loan shall be made to the extent the aggregate unpaid principal amount of all Loans would exceed the Total Commitments, (ii) no Borrowing Base A Loans shall be made to the extent that the aggregate unpaid principal amount of all Borrowing Base A Loans would exceed the aggregate Loan Value of the Pledged Eligible Assets (including the Pledged Eligible Assets referred to in Section 2.2(a)(ii) with respect to such Revolving Loan) and (iii) no Borrowing Base B Loans shall be made to the extent that the aggregate amount of all Borrowing Base B Loans would exceed the Borrowing Base B Limit; provided further that Borrowing Base B Loans may not be borrowed on any date in any rolling period of 90 consecutive days if Borrowing Base B Loans have already been outstanding for 30 days during such period. During the Commitment Period, the Borrower may borrow, prepay the Revolving Loans in whole or in part, and reborrow, all in accordance with the terms and conditions hereof. (b) The Borrower shall repay all outstanding Revolving Loans on the Termination Date. (c) The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

  • Equity Commitment (a) This letter agreement confirms the commitment of each Sponsor, severally and not jointly, subject to the terms and conditions set forth herein, simultaneous with the closing of the Merger (the “Closing”), to purchase, or to cause the purchase of, at or immediately prior to the Effective Time, equity interests of Parent (or one or more affiliates of Parent organized to consummate the Merger) at a purchase price equal to the Per Share Merger Consideration and to pay, or cause to be paid, to Parent in immediately available funds at or prior to the Closing an aggregate cash purchase price for such purchase equal to the amount set forth opposite such Sponsor’s name on Schedule A hereto (such amount with respect to each Sponsor, subject to adjustment pursuant to Section 1(b) below, is referred to as such Sponsor’s “Equity Commitment”), which will be used by Parent solely for the purpose of funding the aggregate Merger consideration required to be paid by Parent to consummate the Merger, and all other amounts constituting the Exchange Fund pursuant to, and in accordance with, the Merger Agreement, together with related fees and expenses; provided that (i) no Sponsor shall, under any circumstances, be obligated to contribute more than its Equity Commitment to Parent, and the Sponsors, collectively, shall not, under any circumstances, be obligated to contribute more than US$79,500,000 (the “Aggregate Commitment”) to Parent; and (ii) the liability of each Sponsor hereunder shall not exceed its Equity Commitment, and the liability of the Sponsors, collectively, shall not exceed the Aggregate Commitment. (b) Each Sponsor may effect the funding of its Equity Commitment directly or indirectly through one or more Affiliates of such Sponsor or any other investment fund advised, managed and/or appointed by an Affiliate of such Sponsor or any other private equity fund who is a limited partner of such Sponsor or of an Affiliate of such Sponsor. No Sponsor will be under any obligation under any circumstances to contribute more than the amount of its Equity Commitment to Parent, Merger Sub or any other Person. In the event Parent does not require an amount equal to the Aggregate Commitment in order to consummate the Merger, the amount of each Sponsor’s Equity Commitment to be funded under this letter agreement shall be reduced by Parent on a pro rata basis, to the level sufficient for, in combination with any other financing arrangements that may be contemplated by the Merger Agreement, Parent and Merger Sub to consummate the transactions contemplated by the Merger Agreement and pay all related fees and expenses incurred or required to be paid by Parent or Merger Sub under the Merger Agreement.

  • Letter of Credit Commitments (a) Subject to the terms and conditions hereof and the execution and delivery by the applicable Borrower of a letter of credit application on the Administrative Agent’s customary form (a “Letter of Credit Application”), the Issuing Bank on behalf of the Lenders and in reliance upon the agreement of the Lenders set forth in this §4.1 and upon the representations and warranties of the applicable Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the applicable Borrower one or more standby or documentary letters of credit denominated in Dollars or in one or more Alternative Currencies (individually, a “Letter of Credit”), in such form as may be requested from time to time by the applicable Borrower and agreed to by the Issuing Bank and the Administrative Agent; provided, however, that, after giving effect to such request, (a) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed the Letter of Credit Sublimit at any one time and (b) the sum of (I) the Maximum Drawing Amount on all Letters of Credit, (II) all Unpaid Reimbursement Obligations, and (III) the amount of all Loans outstanding shall not exceed the Total Commitment at such time. (b) The Issuing Bank shall not issue any Letter of Credit, if: (i) Subject to §4.1(c), the expiry date of such requested Letter of Credit would occur more than twelve months after the date of issuance or last extension; or (ii) the expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date. (c) The Issuing Bank shall not be under any obligation to issue any Letter of Credit if: (i) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the Issuing Bank from issuing such Letter of Credit, or any Law applicable to the Issuing Bank or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the Issuing Bank shall prohibit, or request that the Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the Issuing Bank with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the Issuing Bank is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the Issuing Bank any unreimbursed loss, cost or expense which was not applicable on the date hereof and which the Issuing Bank in good ▇▇▇▇▇ ▇▇▇▇▇ material to it; (ii) the issuance of such Letter of Credit would violate (A) any Laws or (B) one or more policies of the Issuing Bank, provided that such policies have been disclosed to the Borrowers prior to the request for the issuance of such Letter of Credit; (iii) except as otherwise agreed by the Administrative Agent and the Issuing Bank, such Letter of Credit is in an initial face amount less than $100,000; (iv) except as otherwise agreed by the Administrative Agent and the Issuing Bank, such Letter of Credit is to be denominated in a currency other than Dollars or an Alternative Currency; (v) the Issuing Bank does not as of the issuance date of such requested Letter of Credit issue Letters of Credit in the requested currency; (vi) such Letter of Credit contains any provisions for automatic reinstatement of the stated amount after any drawing thereunder; or (vii) any Lender is at that time a Defaulting Lender, unless the Issuing Bank has entered into arrangements, including the delivery of Cash Collateral, satisfactory to the Issuing Bank (in its sole discretion) with the applicable Borrower or such Lender to eliminate the Issuing Bank’s actual or potential Fronting Exposure (after giving effect to §5.14.1(d)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other Letter of Credit Obligations as to which the Issuing Bank has actual or potential Fronting Exposure, as it may elect in its sole discretion.

  • Revolving Credit Commitments (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (“Revolving Credit Loans”) in Dollars or in any Available Foreign Currency to the Borrower from time to time during the Commitment Period so long as after giving effect thereto (i) the Available Revolving Credit Commitment of each Lender is greater than or equal to zero, (ii) the Aggregate Revolving Credit Outstandings of all Lenders do not exceed the Aggregate Revolving Credit Commitments and (iii) the Aggregate Multicurrency Outstandings of all Lenders do not exceed the Aggregate Multicurrency Commitments. All Revolving Credit Loans shall be made by the Lenders on a pro-rata basis in accordance with their respective Revolving Credit Commitment Percentages. During the Commitment Period, the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Any Lender may cause its Multicurrency Loans to be made by any branch, affiliate or international banking facility of such Lender, provided, that such Lender shall remain responsible for all of its obligations hereunder and no additional taxes, costs or other burdens shall be imposed upon the Borrower or the Administrative Agent as a result thereof. (b) The Revolving Credit Loans may from time to time be (i) LIBOR Loans, (ii) ABR Loans or (iii) a combination thereof, as determined by the Borrower and notified to the Administrative Agent in accordance with subsections 2.2 and 3.2, provided that (x) each Multicurrency Loan shall be a LIBOR Loan and (y) no Revolving Credit Loan shall be made as a LIBOR Loan after the day that is one month prior to the Termination Date.

  • Loan Commitments (i) Subject to the terms and conditions hereof, each Lender with an Initial Tranche A Term Loan Commitment severally agrees to make, on the Closing Date, one or more term loans (each, an “Initial Tranche A Term Loan”) to the Borrower in Dollars in an amount equal to such Lender’s Initial Tranche A Term Loan Commitment. The Borrower may make only one borrowing under the Initial Tranche A Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a)(i) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a) and 2.12, all amounts owed hereunder with respect to the Initial Tranche A Term Loans shall be paid in full no later than the Maturity Date applicable to such Initial Tranche A Term Loans. Each Lender’s Initial Tranche A Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Initial Tranche A Term Loan Commitment on such date. (ii) Subject to the terms and conditions hereof, each Lender with an Initial Tranche B Term Loan Commitment severally agrees to make, on the Closing Date one or more term loans (each, an “Initial Tranche B Term Loan”) to the Borrower in Dollars in an amount equal to such Lender’s Initial Tranche B Term Loan Commitment. The Borrower may make only one borrowing under the Initial Tranche B Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a)(ii) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a) and 2.12, all amounts owed hereunder with respect to the Initial Tranche B Term Loans shall be paid in full no later than the Maturity Date applicable to such Initial Tranche B Term Loans. Each Lender’s Initial Tranche B Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Initial Tranche B Term Loan Commitment on such date.