Credit Provider Bond definition

Credit Provider Bond means any Bond purchased with moneys advanced under a Credit Facility until remarketed.
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Credit Provider Bond means any Bond of a Series acquired with moneys in the Credit Facility Purchase Account until such Bond is remarketed and the Credit Facility has been fully reinstated as provided in the Indenture or until such Bond is no longer considered a Credit Provider Bond in accordance with the Credit Agreement.
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Credit Provider Bond means any Series 2014_ Bond purchased with moneys advanced under a Credit Facility until remarketed.
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Examples of Credit Provider Bond in a sentence

  • Notwithstanding the foregoing, any Credit Provider Bond or Bonds held by or registered in the name of any Excluded Person shall not be entitled to any benefit of the Credit Facility, if any.

  • If the Remarketing Agent remarkets any Credit Provider Bond, the Remarketing Agent shall direct the purchaser of such Credit Provider Bond to transfer, by 9:30 a.m., New York City time, on the purchase date, the purchase price of such remarketed Credit Provider Bond to the Tender Agent for deposit into Bank Bond Purchase account, to be disbursed from such account solely for the purposes described in this paragraph.

  • Series 2014_ Bonds shall not be remarketed to the Board; provided, that the Board, acting through the Comptroller, reserves the right to purchase from any lawfully available funds any Series 2014_ Bond, including any Credit Provider Bond, by giving notice by telephone (promptly confirmed by telecopy) to the Bond Registrar, the Remarketing Agent and the Credit Provider not later than 2:00 p.m., Local Time, on the second Business Day preceding such day of purchase.

  • On any Conversion Date with respect to any Bonds other than a Credit Provider Bond (or portion thereof in a denomination of $5,000 or integral multiple thereof provided such tender does not result in a Bond in a denomination of less than $100,000), (or in each case the next Business Day, if not a Business Day) (a "Purchase Date"), such Bonds must be delivered to the Remarketing Agent for purchase (with all necessary endorsements) at the Purchase Price.


More Definitions of Credit Provider Bond

Credit Provider Bond means any Bond of a Series acquired with moneys in the Credit Facility Purchase Account for such Series until such Bond is remarketed and the Credit Facility has been fully reinstated or until such Bond shall not be considered a Credit Provider Bond in accordance with the applicable Credit Agreement.
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Related to Credit Provider Bond

  • Credit Provider means a Person providing a guaranty, or other credit support, in form and substance reasonably acceptable to the Administrative Agent, of the obligations of an Included Investor to make Investor Capital Contributions.

  • 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.

  • Liquidity Facility “Loan Trustee”, “Long-Term Rating”, “Non-Extended Facility”, “Operative Agreements”, “Participation Agreements”, “Performing Equipment Note”, “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Series A Equipment Notes”, “Scheduled Payment”, “Short-Term Rating”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Trust Agreement”, “Trustee”, “Underwriters”, “Underwriting Agreement” and “United States”.

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • Class B Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Replacement Liquidity Facility Responsible Officer", "Scheduled Payment", "Special Payment", "S&P", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreement", "Trustee", "Underwriters", "Underwriting Agreement", "United States" and "Written Notice".

  • Class A Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Provider Advance means a Downgrade Advance or a Non-Extension Advance.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Interest Rate Cap Provider if any, shall mean the entity listed as the Interest Rate Cap Provider in the Series Term Sheet, in its capacity as obligor under the Class Interest Rate Caps, or if any Replacement Class Interest Rate Caps or Qualified Substitute Cap Arrangements are obtained pursuant to Section 15, the obligor with respect to such Replacement Class Interest Rate Caps or Qualified Substitute Cap Arrangements.

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • Liquidity Facilities means, collectively, the Class A Liquidity Facility and the Class B Liquidity Facility.

  • Replacement Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • 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.

  • Servicer Letter of Credit means a letter of credit, surety bond or insurance policy issued by a depository institution, insurance company, or financial institution having a short-term credit rating at least equal to the Required Deposit Rating and providing that the Indenture Trustee or Trust Agent, as the case may be, may draw thereupon in the event the Servicer satisfies the Monthly Remittance Condition but fails to deposit SUBI Collections into the 2019-B SUBI Collection Account by the related Deposit Date.

  • Class B Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank's Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Downgrade Advance means an Advance made pursuant to Section 2.02(c).

  • Class A Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Liquidity Provider Ratings Event means the Liquidity Provider shall fail to maintain at any time short-term debt ratings in one of the two highest ratings categories from the Requisite NRSROs or, if applicable, such other short-term debt ratings as may be required for the VRDP Shares to satisfy the eligibility criteria under Rule 2a-7 under the 1940 Act.

  • Credit Enhancement Agreements means, collectively, any documents, instruments, guarantees or agreements entered into by the Company, any of its Restricted Subsidiaries, or any Receivables Entity for the purpose of providing credit support for one or more Receivables Entities or any of their respective securities, debt instruments, obligations or other Indebtedness.

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • Eligible Letter of Credit means, as of any date of determination thereof, a Letter of Credit which supports the purchase of Inventory, (i) which Inventory does not constitute Eligible In-Transit Inventory and for which no documents of title have then been issued, (ii) which Inventory, when completed, otherwise would constitute Eligible Inventory, (iii) which Letter of Credit has an expiry within thirty (30) days of the date of initial issuance of such Letter of Credit, and (iv) which Letter of Credit provides that it may be drawn only after the Inventory is completed and after documents of title have been issued for such Inventory reflecting the Borrower, a Subsidiary Guarantor or the Administrative Agent as consignee of such Inventory.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi Letter of Credit Account” that shall be used solely for the purposes set forth herein.