Credit Enhancement Advance definition

Credit Enhancement Advance means a Debt Service Advance.
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Credit Enhancement Advance shall have the meaning set forth in the Credit and Liquidity Facility.
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Credit Enhancement Advance means an Issuer’s Fee Advance, Interest Advance or Principal Advance, as such terms are defined in Section 3.
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Examples of Credit Enhancement Advance in a sentence

  • The Issuer unconditionally agrees, without notice or demand, to pay to each GSE by no later than 2:00 p.m. Eastern time the amount of each Credit Enhancement Advance made by such GSE on the date of such Credit Enhancement Advance.

  • If Xxxxxx Xxx pays any such fee or expense, such Borrower shall pay such amount and the Activity Fee relating to such amount in the same manner as any Credit Enhancement Advance from, and including the day such sum was expended by Xxxxxx Mae or the Loan Servicer.


More Definitions of Credit Enhancement Advance

Credit Enhancement Advance means any of an Interest Advance, Issuer’s Fee Advance, Mandatory Purchased Bonds Advance and Principal Advance.
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Related to Credit Enhancement Advance

  • 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 Enhancement Percentage For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balances of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.

  • 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.

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

  • 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.

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

  • Minimum Credit Enhancement Test With respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to 6.00%.

  • Credit Enhancer means the Credit Enhancer identified in the Adoption Annex.

  • Equipment Advance is defined in Section 2.1.1.

  • Eligible advance means an advance made before August 19, 1993.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Loan Advance The meaning specified in Section 2.2(a).

  • Revolving Advance has the meaning given in Section 2.1.

  • Credit Enhancement Agreements means, collectively, any documents, instruments, guarantees or agreements entered into by the Company, any of its Restricted Subsidiaries, or any Receivables Entity for the purpose of providing credit support for one or more Receivables Entities or any of their respective securities, debt instruments, obligations or other Indebtedness.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Downgrade Advance means an Advance made pursuant to Section 2.02(c).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • Liquidity Facility Provider means a Person that is a party to a Liquidity Facility with the Authority with respect to specified Bonds and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.