Common use of Series Enhancement Clause in Contracts

Series Enhancement. The rights and benefits provided to the Noteholders of any Series or Class pursuant to any letter of credit, surety bond, financial guaranty, insurance policy, insurance agreement or other similar arrangement. The subordination of any Class to another Class shall not be deemed to be a Series Enhancement.

Appears in 1 contract

Sources: Indenture (SeaCube Container Leasing Ltd.)

Series Enhancement. The rights and benefits provided to the Noteholders of any Series or Class pursuant to any letter of credit, surety bond, financial guaranty, insurance policy, insurance agreement or other similar arrangement. The subordination of any Class to another Class shall not be deemed not to be a Series Enhancement.

Appears in 1 contract

Sources: Indenture (TAL International Group, Inc.)