Credit Enhancement Fees definition

Credit Enhancement Fees means the fee payable each month to a PFI under the terms of and with respect to a Master Commitment subject to this Agreement.
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Credit Enhancement Fees means any periodic or other cost, fee or expense lawfully payable by the Corporation or the District in consideration for any letter of credit, insurance policy or other financial instrument issued to or for the account of the Corporation or the District for the purpose of providing a guarantee of or support for the payment of the principal of or interest on any Certificate, or for the purpose of providing liquidity for any Certificate or as a source for payment of any optional or mandatory purchase price thereof.
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Credit Enhancement Fees means (a) the ongoing commitment fees payable by the Issuer to a Credit Provider in consideration for the issuance of a Credit Enhancement by such Credit Provider, (b) the drawing fees payable by the Issuer for drawings under a Credit Enhancement and (c) waiver, transfer and amendment fees payable by the Issuer to a Credit Provider.
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Examples of Credit Enhancement Fees in a sentence

  • Notwithstanding anything herein or in the other Transaction Documents to the contrary, the parties hereto agree that the obligations of the Seller hereunder (without limiting the obligation to apply distributions of the respective Credit Enhancement Fees in accordance with Section 3.03(b)) shall be recourse only to the extent of amounts released to the Seller pursuant to priority EIGHTH of Section 3.03(b) and retained by the Seller in accordance with the next sentence.

  • The Selling PFI’s Credit Enhancement obligation with respect to the Serviced Mortgages is not being assumed by Colonial, and the right to receive Credit Enhancement Fees for the Serviced Mortgages is also not being transferred to Colonial.

  • Such transfer shall include all Servicing Responsibilities and all Servicing Rights but shall not include the credit enhancement obligation for the Concurrent Sale MCs (the "Credit Enhancement") or the right to receive credit enhancement fees under the Concurrent Sale MCs (the "Credit Enhancement Fees").

  • The Bank, the MPF Provider and the PFI agree that no Credit Enhancement Fees are payable with respect to the MPF Xtra Mortgages and the PFI shall have no credit enhancement obligation under the MPF Xtra MCs.

  • Because the Participation Interests in a Master Commitment are subject to change until the Master Commitment is filled or expires and thereafter, different Designated Delivery Commitments may experience different prepayment rates, then it is possible that the Lead Bank or the Participant Bank might incur Realized Losses which may be recovered by the reduction of future Credit Enhancement Fees in a different proportion than the parties subsequent obligations to pay Credit Enhancement Fees to the PFI.

  • The administration of Credit Enhancement Fees under the Agreement is illustrated in Exhibit C to this Agreement.

  • Antonio Guterres, Secretary General of the United Nations(Khalip, 2018, p.

  • These products provide PFIs the ability to originate, sell, and service fixed-rate, residential mortgage loans and retain a portion of the credit risk on the loans as a Credit Enhancement (“CE”) Obligation for which they receive Credit Enhancement Fees (CE Fees) based on the performance of the loans.

  • Lender shall deliver to Borrower an invoice (the “Monthly Payment Statement”) detailing the interest, Unused Facility Fees, Minimum Usage Fees, Minimum Servicing Fees, Credit Enhancement Fees and other fees due and payable.

  • NOTHING HEREIN SHALL AFFECT THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR SHALL LIMIT THE RIGHT OF THE COLLATERAL AGENT TO BRING PROCEEDINGS AGAINST THE GUARANTOR IN THE COURTS OF ANY OTHER JURISDICTION.


More Definitions of Credit Enhancement Fees

Credit Enhancement Fees mean the fees payable monthly by the MPF Bank to Seller, as a “participating financial institutions,” in consideration of the Seller’s obligation to bear the financial risk of Credit Enhancement with respect to the Mortgage Loans for which the MPF Bank is the Investor.
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Credit Enhancement Fees has the meaning assigned in Section 2.03(a) hereof.
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Credit Enhancement Fees shall have the meaning given in the Standby Agreement.
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Credit Enhancement Fees means collective reference to payment or other Distributions made by Borrower to Guarantors, DOGL, Entertainment or their respective assignees in consideration of the execution and delivery of the Guaranty by Guarantors.
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Related to Credit Enhancement Fees

  • Credit Enhancement means, with respect to this Confirmation or any other Relevant Agreement, any credit enhancement or other credit support arrangement in support of the obligations of Dealer or Counterparty hereunder or thereunder or with respect hereto or thereto, including any guarantee or 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 or any similar arrangement.

  • Credit Enhancement Agreements means, collectively, any documents, instruments, guarantees or agreements entered into by the Issuer, any of its Restricted Subsidiaries or any Securitization Entity for the purpose of providing credit support (that is reasonably customary as determined by Issuer’s senior management) with respect to any Permitted Funding Indebtedness or Permitted Securitization Indebtedness.

  • Credit Enhancer means a financial institution, insurer or other third party which provides a Credit Enhancement or guarantee instrument acceptable to the Corporation securing repayment of the Mortgage Loan or Bonds issued pursuant to the MMRB Program.

  • 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%.

  • 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.

  • Class C Reserve Account Percentage means, for any Distribution Date on which a condition in the left column of the following table was in effect on the immediately preceding Distribution Date, the percentage in the corresponding right column of the following table (or if more than one conditions were in effect on the immediately preceding Distribution Date, the largest percentage). Condition: The three-month rolling average Excess Spread Percentage is: Class C Reserve Account Percentage: