Examples of Credit Enhancement Agreement in a sentence
Upon the payment in full of the Indebtedness and termination of the Credit Enhancement Agreement and the Reimbursement Agreement, Lender shall release this Instrument.
For purposes of calculating the amount to be withdrawn from the Group Interchange Reallocation Account and paid to the Trustee as administrator of the Credit Enhancement for application in accordance with the Credit Enhancement Agreement, the Series Investor Interest of the Series established hereby shall be treated as zero.
For purposes of calculating the amount to be withdrawn from the Group Finance Charge Collections Reallocation Account and paid to the Trustee as administrator of the Credit Enhancement for application in accordance with the Credit Enhancement Agreement, the Series Investor Interest of the Series established hereby shall be treated as zero.
Upon the payment in full of the Indebtedness and termination of the Credit Enhancement Agreement and the Reimbursement Agreement, Lender shall discharge this Instrument.
To evidence the Borrower’s reimbursement obligations to Freddie Mac as a result of payments made by Freddie Mac under the Credit Enhancement Agreement, the Borrower and Freddie Mac are entering into a Reimbursement and Security Agreement (the “Reimbursement Agreement”) contemporaneously with the execution hereof.