Credit Enhancer definition

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.

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

Credit Enhancer is Financial Guaranty Insurance Company and any successor or replacement for the Credit Enhancer.

Examples of Credit Enhancer in a sentence

• Nothing expressed in or to be implied from this Agreement is intended to give, or shall be construed to give, any Person, other than the parties hereto, the Trustee, and each Credit Enhancer, and their permitted successors and assigns hereunder, any benefit or legal or equitable right, remedy or claim under or by virtue of this Agreement or under or by virtue of any provision herein.

• In the event that the Seller receives any proceeds of the Proposition 1A Receivable, the Seller shall hold the same in trust for the benefit of the Purchaser and the Trustee and each Credit Enhancer, as assignees of the Purchaser, and shall promptly remit the same to the Trustee.

• The above representations, warranties and covenants shall inure to the benefit of the Trustee and each Credit Enhancer.

• The Seller hereby agrees and acknowledges that the Purchaser intends to assign and grant a security interest in all or a portion of (a) its rights hereunder and (b) the Proposition 1A Receivable, to the Trustee and each Credit Enhancer pursuant to the Indenture.

• The Trustee and each Credit Enhancer are express and intended third party beneficiaries under this Agreement.

More Definitions of Credit Enhancer

Credit Enhancer means any municipal bond insurance company, bank or other financial institution or organization which is performing in all material respects its obligations under any Credit Support Instrument for some or all of the Bonds.

Credit Enhancer is Ambac Assurance Corporation and any successor or replacement for the Credit Enhancer.

Credit Enhancer means any Person that, pursuant to this Indenture or a Supplemental Indenture, is designated as a Credit Enhancer and which provides Credit Enhancement.

Credit Enhancer means Ambac Assurance Corporation and its permitted successors and assigns.

Credit Enhancer means a financial institution, insurer or other third party which provides a Credit Enhancement or Guarantee Instrument acceptable to Florida Housing securing repayment of the Mortgage Loan or Bonds issued pursuant to Florida Housing’s Program.

Credit Enhancer means Financial Guaranty Insurance Company, as credit enhancer as described in the Series 2003-C Indenture.

Credit Enhancer means the party providing Credit Enhancement. “CSFA” means the California School Finance Authority.