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.

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

• The Credit Enhancer is a third party beneficiary of this Agreement.

• All representations, warranties, covenants and agreements contained herein shall be binding upon, and inure to the benefit of, each of the Depositor, the Owner Trustee and its successors and each Certificateholder and its successors and permitted assigns, all as herein provided and the Credit Enhancer.

• If an Event of Default occurs and is continuing and if it is known to a Responsible Officer of the Indenture Trustee, the Indenture Trustee shall give notice thereof to the Credit Enhancer.

• The Owner Trustee shall not have the power to commence a voluntary proceeding in bankruptcy relating to the Trust without the unanimous prior approval of all Certificateholders and with the consent of the Credit Enhancer and the delivery to the Owner Trustee by each such Certificateholder of a certificate certifying that such Certificateholder reasonably believes that the Trust is insolvent.

• The Agreement permits the amendment thereof as specified below, provided that any amendment be accompanied by the consent of the Credit Enhancer and an Opinion of Counsel to the Owner Trustee to the effect that such amendment complies with the provisions of the Agreement and will not cause the Trust to be subject to an entity level tax.

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, with respect to any Series, that Person, if any, designated as such in the applicable Supplement.

Credit Enhancer means Financial Guaranty Insurance Company and its permitted successors and assigns.

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

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

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.