Liquidity Account. The "startup day" of each REMIC for purposes of the REMIC Provisions is the Closing Date.
Liquidity Account. All loss, if any, from such investments shall become a charge to the Class A-6 Liquidity Account.
Liquidity Account. The Guarantor shall procure that from the date of this Agreement, a balance of $8,000,000 shall be credited to the Liquidity Account, increasing to $9,000,000 from the first Drawdown Date in respect of a New Vessel Tranche.
Liquidity Account. (a) On or prior to the Closing Date, the Accounts Agent shall establish and maintain a segregated trust account no. 33114, in the name of the Trustee in its trust capacity and entitled "Liquidity Account" (the "Liquidity Account"). The Liquidity Account shall be funded (i) on the Closing Date with the net proceeds from the issuance and sale of the Initial Bonds in an amount equal to the Liquidity Reserve Required Balance as of the Closing Date and (ii) by a transfer of funds, if any, from the Collections Accounts to the Liquidity Account in accordance with clause (v) of Section 502(b). At any time, and from time to time, EP may deliver to the Trustee, for allocation to the Liquidity Account in satisfaction of all or a portion of the then applicable Liquidity Reserve Required Balance (1) one or more letters of credit (each, a "Letter of Credit") or (2) for so long as EP has a Required Credit Rating from Moody's and Standard & Poor's with respect to its short-term debt obligations, a guaranty from EP in favor of the Trustee (a "Withdrawal Guaranty"), substantially in the form of Exhibit F. Each such Letter of Credit described in this Section 503(a)(2) (A) shall be from a bank or trust company authorized to engage in the banking business having a combined capital and surplus of at least $500,000,000 or the equivalent thereof whose long-term unsecured debt is rated "A" (or its equivalent) or higher by Standard & Poor's or "A2" (or its equivalent) or higher by Moody's or, if both such rating agencies are no longer rating unsecured debt of banks or trust companies, a comparable rating of another internationally recognized rating agency selected by the Issuer, (B) shall name the Trustee as its sole beneficiary, (C) shall provide that the Trustee may unconditionally draw, upon presentation of the documentation required by such Letter of Credit, under any circumstances that would otherwise permit withdrawals from the Liquidity Account or at any time within thirty (30) days before the expiration of such Letter of Credit (unless such Letter of Credit is replaced with another Letter of Credit that meets the requirements of this Section 503)) and (D) shall provide that the reimbursement obligations thereunder will not be for the account of the Issuer. Upon delivery of one or more Letters of Credit or a Withdrawal Guaranty, as the case may be, in satisfaction of all or a portion of the Liquidity Reserve Required Balance, the Trustee shall, as specified in an Officer's C...
Liquidity Account. “Liquidity Account” shall have the meaning ascribed to such term in paragraph 5.6 of this Agreement.
Liquidity Account. Throughout the term of the Loan, Borrower shall maintain the Liquidity Account in accordance with the requirements of paragraph 5.6 herein.
Liquidity Account. (a) On the date hereof, the Company shall establish the Liquidity Account with the Paying Agent for the purpose of:
Liquidity Account. The Manager may cause the Company to fund the Liquidity Account in accordance with the provisions of Section 12.11 hereof.
Liquidity Account. (a) On or prior to the Closing Date, the Trustee shall establish and maintain a segregated trust account no. 30537, created and established by the Trustee in its trust capacity in its Corporate Trust Office and entitled "Liquidity Account" (the "Liquidity Account"). The Liquidity Account shall be funded (i) on the Closing Date with the net proceeds from the issuance and sale of the Bonds in an amount equal to the Liquidity Reserve Required Balance as of the Closing Date and (ii) by a transfer of funds, if any, from the Collections Accounts to the Liquidity Account in accordance with clause (v) of Section 502(b). At any time, and from time to time, EPEC may deliver to the Trustee, for allocation to the Liquidity Account in satisfaction of all or a portion of the then applicable Liquidity Reserve Required Balance (1) one or more letters of credit (each, a "Letter of Credit") or (2) for so long as EPEC has a Required Credit Rating with respect to its long-term debt obligation from Standard & Poor's and Moody's, a guaranty from EPEC in favor of the Trustee (a "Withdrawal Guaranty"), substantially in the form of Exhibit F. Each Letter of Credit (A) shall be from a financial institution rated at least Aa3 (or its equivalent) by Moody's and AA- (or its equivalent) by Standard & Poor's, (B) shall name the Trustee as its sole beneficiary, (C) shall
Liquidity Account. 67 Section 13.04. Credit Enhancement........................................................ 68 Section 13.05. Reports by Trustee to Holders............................................. 68 Section 13.06. Trust Estate.............................................................. 68 -iv- These STANDARD TERMS AND CONDITIONS OF TRUST AGREEMENT dated as of January 1, 1995 (herein called these "Standard Terms of Trust Agreement") are incorporated by reference in, and are intended to form a part of, each Supplemental Trust Agreement to which these Standard Trust Agreement Terms are appended (each, a "Supplement," and each such Supplement together with the Standard Terms of Trust Agreement incorporated by reference therein, a "Trust Agreement").
