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.

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

• In connection with any remarketing of Variable Rate Bonds, the Fiscal Officer is authorized to obtain one or more Credit Support Instruments if the Fiscal Officer determines that the Credit Support Instrument will facilitate the remarketing of the Variable Rate Bonds, and to enter into agreements with tender agents, administrative agents, remarketing agents, dealers and others, and to terminate such agreements, under the same terms and conditions set forth in Section 3.

• Revolving credit is presented as short term debt but the Group has right to roll forward the payment provided that loan covenants in the financing agreement are met.

• 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.

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

• Neither DuPont nor any member of the DuPont Group will have any obligation to renew any Credit Support Instruments issued on behalf of or in favor of any member of the Chemours Group or the Chemours Business after the expiration of any such 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 2016 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 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 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, with respect to the Series 2014 Bonds, an insurance policy, including a policy of bond insurance, letter of credit or other credit enhancement, support or liquidity device provided pursuant to an agreement to which the City is a party and which is used to enhance the security or liquidity of any Bonds or series or two or more series or part of a series of Bonds, or to provide, in whole or in part, a Bond Reserve Requirement.

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.