Credit Funding definition

Credit Funding means, with respect to any Loan by any CP Lender, at any time, funding by a CP Lender of all or a portion of the outstanding principal amount of such Loan with funds provided under a Credit Facility.

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Credit Funding has the meaning set forth in the Recitals.

Credit Funding. With respect to any Borrowing under a Class A-R Note held by a CP Conduit, funding by such CP Conduit of all or a portion of such Borrowing with funds provided under a Credit Facility.

Examples of Credit Funding in a sentence

• Seller acknowledges and agrees that such payment has and will be delivered to Centurion Credit Funding LLC.

• Any Lender may at any time pledge all or any portion of its interest and rights under this Agreement (including all or any portion of its Note) to any of the twelve Federal Reserve Banks organized under §4 of the Federal Reserve Act, 12 U.S.C. §341, to the Federal Farm Credit Funding Corporation or to such other Person as the Agent may approve to secure obligations of such Lender.

• Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or the Farm Credit Funding Corp.

• Drawings and Reimbursements; Auto-Extension Letters of Credit; Funding of Participations.

• Immediately upon the occurrence of a Triggering Event (as defined in this subsection), Medical Group shall obtain the Letter of Credit in the amount of the then applicable Letter of Credit Funding Amount.

• In the event that the Administrative Agent makes any Letter of Credit Funding, the Administrative Agent may withdraw funds on deposit to make reimbursement of such Letter of Credit Funding, in an amount equal to such Letter of Credit Funding.

• PacifiCare shall provide Medical Group with thirty (30) calendar days written notice of any requirement to adjust the Letter of Credit Funding Amount.

• By signing below, you have indicated your consent to the Amendment Name of Institution: Stone Tower Credit Funding I Ltd.

• No later than the close of business on the date such notice is given if such notice is given, each such Participating Lender will transfer to the Administrative Agent, for the account of the Issuing Lender, in immediately available funds, an amount equal to such Participating Lender's Pro Rata Share of the unreimbursed portion of such Letter of Credit Funding, together with interest, if any, accrued thereon from and including the date of such transfer at a rate per annum equal to the Federal Funds Rate.

• Promptly after receipt of a Notice of Line of Credit Borrowing, and provided all conditions to such Borrowing contained herein have been met, Lender shall make the amount of the Borrowing available to Borrower on the Line of Credit Funding Date by causing an amount of immediately available (same day) funds equal to the amount of such Borrowing to be credited to the account of Borrower at the office of the Lender.

More Definitions of Credit Funding

Credit Funding. ” means, with respect to any Loan by any CP Lender, at any time, funding by a CP Lender of all or a portion of the outstanding principal amount of such Loan with funds provided under a Credit Facility.

Credit Funding means, with respect to any Loan by any CP Lender, at any time, funding by a CP Lender of all or a portion of the outstanding principal amount of such Loan with funds provided under a Credit Facility. "Credit Funding Period" means, with respect to any Loan by any CP Lender, a period of time during which all or a portion of the outstanding principal amount of such Loan is funded by a Credit Funding. "Credit Funding Rate" means, with respect to any Credit Funding for any period, the per annum rate of interest equal to the rate of interest provided for in the relevant Credit Facility at such time. "Credit Improved Loan" means any Collateral Loan that, in the Servicer's reasonable business judgment applying the Servicing Standard (which judgment will not be called into question as a result of subsequent events) has significantly improved in credit quality from the condition of its credit at the time of origination, acquisition or contribution, which judgment may (but need not) be based on one or more of the following facts and will not be called into question as a result of subsequent events: (a) the Obligor in respect of such Collateral Loan has shown improved financial results since the published financial reports first produced after it was originated or acquired by the Borrowers; (b) the Obligor in respect of such Collateral Loan since the date on which such Collateral Loan was originated or acquired by any Borrower has raised significant equity capital or has raised other capital that has improved the liquidity or credit standing of such Obligor; or (c) with respect to which one or more of the following criteria applies in respect of such Collateral Loan: (i) such Collateral Loan has been upgraded or put on a watch list for possible upgrade by S&P since the date on which such Collateral Loan was originated or acquired by any Borrower; (ii) the proceeds from a sale of such Collateral Loan would be at least 101% of its purchase price; (iii) the price of such Collateral Loan has changed during the period from the date on which it was originated or acquired by any Borrower to the proposed sale date by a percentage either more positive, or less negative, as the case may be, than the percentage change in the average price of the applicable Eligible Loan Index plus 0.25% over the same period; or (iv) the price of such Collateral Loan changed during the period from the date on which it was originated or acquired by any Borrower to the date of determination by a pe...