Examples of Credit Enhancement Amount in a sentence
During the life of the Notes, the Credit Enhancement Amount may change and any such changes shall be disclosed in the relevant Circular Notice.
Recourse to the Issuer shall be limited to the Reference Portfolio, the Credit Enhancement Amount or other assets subject to Security Interest and the proceeds of such assets, as applied in accordance with these Listing Particulars.
Other than the foregoing and the Credit Enhancement Amount, the Issuer will have no other funds available to meet its obligations under the Notes.
In addition to Clauses6.8.3 (b), (d) and (e), the Issuer undertakes that in the case of a Credit Event Acceleration, the Credit Enhancement Amount, shall be applied towards the relevant Noteholders, on a pro-rata basis, until full repayment of the Nominal Amount per Note, provided that the recovery amount per Note (net of recovery costs and Recovery Fee) is less than the Nominal Amount per Note.
If Discover Bank as Servicer makes such a request, and if the Credit Enhancement Provider elects to make such loan, the amount of such loan shall be equal to the Supplemental Credit Enhancement Amount and shall be added to the unpaid principal amount of the Loan.