Additional Credit Enhancement definition

Additional Credit Enhancement means any Insurance, letter of credit, line of credit, surety bond, standby purchase agreement or other instrument issued by a Qualified Credit Provider, which secures or guarantees the payment of principal of, interest on, or the purchase of, a Permitted Debt, delivered or made available to the Trustee, on or after the Effective Date, as from time to time supplemented or amended pursuant to its respective terms.
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Additional Credit Enhancement means any policy of insurance, surety bond, irrevocable letter of credit, line or lines of credit or any other agreement used to provide credit support in addition to the Credit Enhancement, if any, then in effect for a particular Series of Bonds, which shall be accepted by the Trustee.
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Additional Credit Enhancement. Instrument: The credit enhancement instrument which may be issued by the Credit Enhancer to the Indenture Trustee to guaranty the Additional Variable Funding Notes for the benefit of holders of the Additional Variable Funding Notes.
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Examples of Additional Credit Enhancement in a sentence

  • The ---------------------------------------------------------------- Aggregate Credit Enhancement Instrument Amounts of the Credit Enhancement Instrument and of any Additional Credit Enhancement Instruments issued under the Insurance Agreement not to exceed the Maximum Credit Enhancement Instrument Amount, plus the Maximum Additional Credit Enhancement Instrument Amount.

  • Except as specified in the related Supplement, all Notes in the same Class of any Series shall rank pari passu and be equally and ratably entitled as provided herein to the benefits hereof (except that the Additional Credit Enhancement provided for any Notes of any Series, if any, shall not be available for any other Series) without preference, priority or distinction on delivery, all in accordance with terms and provisions of this Agreement and the related Supplement.

Related to Additional Credit Enhancement

  • Credit Enhancement means, with respect to this Agreement, any credit enhancement or other credit support arrangement in support of the obligations of the Company hereunder or with respect hereto, including any guarantee, collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin, reimbursement obligation or any similar arrangement.

  • Credit Enhancements means surety bonds, insurance policies, letters of credit, guarantees and other

  • 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.

  • Conduit Credit Enhancer shall have the meaning assigned to such term in Section 14(d).

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.