FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
FCC Proudreed Properties 2005 HSBC SG CORPORATE ...
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(i)<br />
(j)<br />
any dividend payment by that Borrower to its shareholder;<br />
the payment of the purchase price in connection with the exercise of a purchase option relating to<br />
a property subject to a Finance Lease;<br />
Legal Opinions means the legal opinions delivered, or to be delivered, in accordance with the Commercial<br />
Mortgage Loan Agreements;<br />
Lenders means CCF and Société Générale;<br />
Liquidity Drawing means a loan made or to be made under the Liquidity Facility;<br />
Liquidity Event means the occurrence of: (i) the Liquidity Facility Provider ceasing to have the Liquidity<br />
Requisite Ratings and/or (ii) the Liquidity Facility Provider declining to renew the commitment period<br />
of the Liquidity Facility;<br />
Liquidity Facility means a 364 day euro-revolving liquidity facility provided by the Liquidity Facility<br />
Provider pursuant to the Liquidity Facility Agreement to permit drawings to be made of up to the<br />
Liquidity Facility Maximum Amount as reduced or cancelled from time to time under the Liquidity<br />
Facility Agreement;<br />
Liquidity Facility Agreement means a facility agreement dated 21 October <strong>2005</strong> between, inter alios, the<br />
Management Company on behalf of the Issuer, the Custodian and the Liquidity Facility Provider in<br />
relation to the Liquidity Facility;<br />
Liquidity Facility Maximum Amount means u26 million being the maximum amount available for<br />
drawdown under the Liquidity Facility, as the same may be reduced from time to time in accordance with<br />
the Liquidity Facility Agreement;<br />
Liquidity Facility Provider means CCF under the Liquidity Facility Agreement or such other entity or<br />
entities appointed as liquidity facility provider from time to time, subject to and in accordance with the<br />
terms of the Liquidity Facility Agreement;<br />
Liquidity Facility Standby Account means the account held in the name of the Issuer for the deposit of<br />
Liquidity Facility Standby Drawings (if any) with the Liquidity Facility Provider (for so long as it satisfies<br />
the Rating Criteria) or the Issuer Account Bank or (subject to the written approval of the Liquidity<br />
Facility Provider, such approval not to be unreasonably delayed or withheld) any other bank, the<br />
short-term, unsecured, unsubordinated and unguaranteed debt obligations of which satisfy the Rating<br />
Criteria;<br />
Liquidity Facility Standby Drawing means a drawing following a Liquidity Event or the principal amount<br />
of that drawing outstanding at a particular time, where the context requires;<br />
Liquidity Requisite Ratings means the Liquidity Facility Provider’s short term unsecured, unsubordinated<br />
and unguaranteed debt obligations of at least A-1+ by S&P and F1 by Fitch;<br />
Liquidity Shortfall means in relation to an Interest Payment Date a shortfall between (i) all amounts<br />
which will be received by the Issuer on or by such Interest Payment Date in respect of the related Interest<br />
Period and (ii) the Issuer Debt Service Required Amount determined in respect of the related Interest<br />
Payment Date;<br />
Liquidity Subordinated Amounts means the amount by which any payment made to the Liquidity Facility<br />
Provider under the Liquidity Facility Agreement is increased as a consequence of an amount for or on<br />
account of Tax being required to be withheld or deducted from that payment;<br />
Loan Calculation Date means, in respect of any Information Date, the day falling five Business Days<br />
following such Information Date;<br />
Loan Enforcement Notice means a notice delivered by the <strong>FCC</strong> Servicer to the Borrowers’ Agent, on<br />
behalf of the relevant Borrowers, in accordance with the terms of a Commercial Mortgage Loan<br />
Agreement;<br />
Loan Event of Default means each of the events described in the section entitled ‘‘Summary of Principal<br />
Documents – The Commercial Mortgage Loan Agreements – Loan Events of Default’’, as more specifically<br />
set out in the Commercial Mortgage Loan Agreements;<br />
Loan Interest Payment Date means, in respect of any Interest Payment Date, the day falling three Business<br />
Days prior to such Interest Payment Date;<br />
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