Credit Support Instrument definition

Credit Support Instrument. The instrument or document pursuant to which the Credit Support for a given Series (or Class within such Series) is provided, as specified in the applicable Supplement.

Credit Support Instrument means a policy of insurance, a letter of credit, a stand-by purchase agreement, a revolving credit agreement or other credit arrangement pursuant to which a Credit Enhancer provides credit or liquidity support with respect to the payment of interest, principal or purchase price of the Bonds.

Credit Support Instrument means an insurance policy, surety, letter of credit, standby bond purchase agree- ment or other credit enhancement, support or liquidity device used to enhance the security or liquidity of any Revenue Bonds or any Hedge Agreements.

Examples of Credit Support Instrument in a sentence

• In the event that GroceryCo is unable to obtain any such alternative arrangements for any GroceryCo Credit Support Instrument prior to the Distribution, it shall have responsibility for the payment and performance of the obligations underlying such GroceryCo Credit Support Instrument.

• In connection with any remarketing of Variable Rate Bonds, the Fiscal Officer is authorized to obtain one or more Credit Support Instruments if the Fiscal Officer determines that the Credit Support Instrument will facilitate the remarketing of the Variable Rate Bonds, and to enter into agreements with tender agents, administrative agents, remarketing agents, dealers and others, and to terminate such agreements, under the same terms and conditions set forth in Section 3.

• In the event that New NGC is unable to obtain any such alternative arrangements for any New NGC Credit Support Instrument prior to the Distribution, it shall have responsibility for the payment and performance of the obligations underlying such New NGC Credit Support Instrument.

• Neither Parent nor any member of the Parent Group will have any obligation to renew any Credit Support Instruments issued on behalf of or in favor of any member of the SpinCo Group or the SpinCo Business after the expiration of any such Credit Support Instrument.

• The Treasurer is hereby authorized to accept one or more commitments for insurance or a Credit Support Instrument from such providers if, in his reasonable judgment, it is in the best interests of the University to do so and the Treasurer is authorized to executed and deliver, and the University is authorized to perform, any documents, certificates or instruments reasonably necessary to obtain the benefits of such policy of bond insurance or Credit Support Instrument.

More Definitions of Credit Support Instrument

Credit Support Instrument means an insurance policy, surety bond, letter of credit or other instrument used to enhance the security of Refunding Bonds of any Series.

Credit Support Instrument means an insurance policy, surety, letter of credit, standby bond purchase agree- ment or other credit enhancement, support or liquidity device used to enhance or provide for the security or liquidity of 2004 Bonds of any Series.

Credit Support Instrument means an insurance policy, surety, letter of credit, standby bond purchase agree- ment or other credit enhancement, support or liquidity device used to enhance the security or liquidity for the Bonds.

Credit Support Instrument means an insurance policy, surety, letter of credit, standby bond purchase agreement or other credit enhancement, support or liquidity device used to enhance the security or liquidity of any Refunding Bonds or any Hedge Agreements in accordance with the Indenture.

Credit Support Instrument means a policy of insurance, letter of credit, line of credit, standby purchase agreement, revolving credit agreement or other credit arrangement pursuant to which a Credit Provider provides credit or liquidity support with respect to, or available for, the payment of interest, principal or Purchase Price of any Series of Obligations, as the same may be amended from time to time pursuant to its terms, and any replacement therefor.

Credit Support Instrument means an insurance policy, surety, letter of credit, standby securities purchase agreement or other credit enhance- ment, support or liquidity device used to enhance the security or liq- uidity of any Bonds.

Credit Support Instrument means an insurance policy, surety, letter of credit, standby bond purchase agreement or other credit enhancement, support or liquidity facility used to enhance or provide for the security or liquidity of Refunding Bonds, or any Hedge Agreements.