Credit Support Instrument definition

Credit Support Instrument. The instrument or document pursuant to which the Credit Support for a given Series (or Class within such Series) is provided, as specified in the applicable Supplement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Credit Support Instrument means a policy of insurance, a letter of credit, a stand-by purchase agreement, a revolving credit agreement or other credit arrangement pursuant to which a Credit Enhancer provides credit or liquidity support with respect to the payment of interest, principal or purchase price of the Bonds.

Credit Support Instrument means an insurance policy, surety, letter of credit, standby bond purchase agree- ment or other credit enhancement, support or liquidity device used to enhance the security or liquidity of any Revenue Bonds or any Hedge Agreements.

Examples of Credit Support Instrument in a sentence

• Neither Air Products nor any member of the Air Products Group will have any obligation to renew any Credit Support Instruments issued on behalf of or in favor of any member of the Versum Group or the Versum Business after the expiration of any such Credit Support Instrument.

• Neither Parent nor any member of the Parent Group will have any obligation to renew any Credit Support Instruments issued on behalf of or in favor of any member of the SpinCo Group or the SpinCo Business after the expiration of any such Credit Support Instrument.

• SnackCo shall not be required to take, and shall not take, any of the actions described in the first sentence of this Section 2.7(b) in connection with the SnackCo Credit Support Instrument listed on Schedule 2.7(b), which will survive the Distribution.

• Neither ▇▇▇▇▇▇▇ nor any other member of the ▇▇▇▇▇▇▇ Group will have any obligation to renew any Credit Support Instruments issued on behalf of or in favor of any member of the Veralto Group or the Veralto Business after the expiration of any such Credit Support Instrument.

• In the event that GroceryCo is unable to obtain any such alternative arrangements for any GroceryCo Credit Support Instrument prior to the Distribution, it shall have responsibility for the payment and performance of the obligations underlying such GroceryCo Credit Support Instrument.

More Definitions of Credit Support Instrument

Credit Support Instrument means an insurance policy, surety bond, letter of credit or other instrument used to enhance the security of Series 2020B Bonds of any series.

Credit Support Instrument means an insurance policy, surety, letter of credit, standby bond purchase agree- ment or other credit enhancement, support or liquidity device used to enhance or provide for the security or liquidity of 2007 Bonds of any Series.

Credit Support Instrument means a policy of insurance, letter of credit, line of credit, standby purchase agreement, revolving credit agreement or other credit arrangement pursuant to which a Credit Provider provides credit or liquidity support with respect to, or available for, the payment of interest, principal or Purchase Price of any Series of Obligations, as the same may be amended from time to time pursuant to its terms, and any replacement therefor.

Credit Support Instrument means an insurance policy, surety, letter of credit, standby bond purchase agree- ment or other credit enhancement, support or liquidity device used to enhance the security or liquidity for the Bonds.

Credit Support Instrument means an insurance policy, surety bond, letter of credit, standby bond purchase agreement or other credit enhancement, support or liquidity device used to enhance or provide for the security or liquidity of the Outstanding Bonds or any Bonds.

Credit Support Instrument means an insurance policy, surety, letter of credit, standby bond purchase agreement or other credit enhancement, support or liquidity device used to enhance the security or liquidity of any Refunding Bonds or any Hedge Agreements in accordance with the Indenture.

Credit Support Instrument means an insurance policy, surety, letter of credit, standby securities purchase agreement or other credit enhance- ment, support or liquidity device used to enhance the security or liq- uidity of any Bonds.