Additional Credit Support Amount definition

Additional Credit Support Amount shall have the meaning set forth in the Series Term Sheet.
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Examples of Additional Credit Support Amount in a sentence

  • Thereafter, the Additional Credit Support Amount, if any, shall be returned by the Trustee as administrator of the Credit Enhancement in accordance with the Credit Enhancement Agreement.

  • At the time of any additional loan described in this Section 8, Discover Bank as Servicer and the Credit Enhancement Provider may agree in writing that the Supplemental Credit Enhancement Amount, the Increased Credit Enhancement Amount or the Additional Credit Support Amount, as applicable, shall bear interest at a different LIBOR-Based Rate, which rate shall reflect prevailing market conditions and the expected duration of such additional loan.

  • In the event that an Alternative Credit Support Election is made pursuant to the provisions of the Series Supplement, Discover Bank on behalf of the Holder of the Seller Certificate may request that the Credit Enhancement Provider make an additional loan in the amount of the Additional Credit Support Amount.

  • The election will become effective after • Discover Bank has notified the Rating Agencies, the trustee and the Credit Enhancement Provider of its election, • Discover Bank has arranged for payment of the Additional Credit Support Amount to the trustee as administrator of the credit enhancement, and • upon satisfaction of certain other requirements.

  • The election will become effective after • Discover Bank has notified the Rating Agencies, the trustee and the Credit Enhancement Provider of its election, • Discover Bank has arranged for payment of the Additional Credit Support Amount for the subseries to the trustee as administrator of the credit enhancement, and • upon satisfaction of certain other requirements.

  • Additional Credit Support Amount The lesser of (x)(i) $ prior to the occurrence of a Supplemental Credit Enhancement Event or (ii) $ following the occurrence of a Supplemental Credit Enhancement Event and (y) the difference between the Maximum Class B Credit Enhancement Amount (after giving effect to an Alternative Credit Support Election) and the Available Class B Credit Enhancement Amount (immediately before giving effect to the Alternative Credit Support Election).

  • Additional Credit Support Amount The lesser of (x)(i) $57,894,750 prior to the occurrence of a Supplemental Credit Enhancement Event or (ii) $52,105,275 following the occurrence of a Supplemental Credit Enhancement Event and (y) the difference between the Maximum Class B Credit Enhancement Amount (after giving effect to an Alternative Credit Support Election) and the Available Class B Credit Enhancement Amount (immediately before giving effect to the Alternative Credit Support Election).

  • Additional Credit Support Amount The lesser of (x)(i) $47,368,450 prior to the occurrence of a Supplemental Credit Enhancement Event or (ii) $42,631,605 following the occurrence of a Supplemental Credit Enhancement Event and (y) the difference between the Maximum Class B Credit Enhancement Amount (after giving effect to an Alternative Credit Support Election) and the Available Class B Credit Enhancement Amount (immediately before giving effect to the Alternative Credit Support Election).

  • Additional Credit Support Amount The lesser of (x) (i) $ prior to the occurrence of a Supplemental Credit Enhancement Event or (ii) $ following the occurrence of a Supplemental Credit Enhancement Event and (y) the difference between the Maximum Class B Credit Enhancement Amount (after giving effect to an Alternative Credit Support Election) and the Available Class B Credit Enhancement Amount (immediately before giving effect to the Alternative Credit Support Election).

  • Prior to the effectiveness of an Alternative Credit Support Election, the Available Class B Credit Enhancement Amount shall be increased by the lesser of (x) $39,473,700 and (y) the difference between the Maximum Class B Credit Enhancement Amount (after giving effect to the Alternative Credit Support Election) and the Available Class B Credit Enhancement Amount (immediately before giving effect to the Alternative Credit Support Election) (the "Additional Credit Support Amount").

Related to Additional Credit Support Amount

  • S&P Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • Fitch Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Credit Support Balance means, with respect to a Transferor on a Valuation Date, the aggregate of all Eligible Credit Support that has been transferred to or received by the Transferee under this Annex, together with any Distributions and all proceeds of any such Eligible Credit Support or Distributions, as reduced pursuant to Paragraph 2(b), Paragraph 3(c)(ii) or Paragraph 6. Any Equivalent Distributions or Interest Amount (or portion of either) not transferred pursuant to Paragraph 5(c)(i) or (ii) will form part of the Credit Support Balance.

  • Original Applicable Credit Support Percentage With respect to each of the following Classes of Subordinated Certificates, the corresponding percentage described below, as of the Closing Date: Class M...................4.25% Class B-1.................2.30% Class B-2.................1.50% Class B-3.................1.00% Class B-4.................0.55% Class B-5.................0.20%

  • QFC Credit Support has the meaning specified in Section 11.21.

  • Applicable Credit Support Percentage As defined in Section 4.02(e).

  • Credit Support Depletion Date The first Distribution Date on which the Certificate Principal Balances of the Subordinate Certificates have been reduced to zero.

  • Substitute Credit Support has the meaning specified in Paragraph 4(d)(i).

  • Credit Support Instrument" "Credit Support Provider"

  • Senior Credit Support Depletion Date The date on which the Class Certificate Balance of each Class of Subordinated Certificates has been reduced to zero.

  • Maximum Yield Supplement Amount means with respect to any Collection Period and the related Deposit Date, after giving effect to the Yield Supplement Amount, the maximum amount required to be on deposit in the Yield Supplement Account on the immediately succeeding Payment Date, which is equal to the present value (using an interest rate of: 0.25%) of the sum of all Yield Supplement Amounts for all future Payment Dates, assuming that future Scheduled Payments on the Discount Receivables are made on the date on which they are scheduled as being due.

  • Eligible Credit Support means Eligible Collateral and Other Eligible Support.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • LC Commitment Amount means $600,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.08.

  • Credit Support Default provisions of Section 5(a)(iii) will apply to Party A and will not apply to Party B.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Credit Amount has the meaning set forth in Section 4.01(b)(ii).

  • Credit Event Amount With respect to each Payment Date, the aggregate amount of the Credit Event UPBs of all Credit Event Reference Obligations for the related Reporting Period.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Credit Support Provider has the meaning specified in the Schedule.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Maximum Revolving Credit Amount means, at any particular time, the Revolving Credit Commitments at such time.