Enhancement Facility definition

Enhancement Facility means any letter of credit, standby purchase agreement, line of credit, policy of bond insurance, surety bond, guarantee or similar instrument, or any other agreement, securing, providing liquidity for, supporting or enhancing outstanding Indebtedness, including any Bond Insurance Policy, Debt Service Reserve Facility, Operating Reserve Facility or any combination of the foregoing, or any agreement relating to the reimbursement thereof, whether or not such instrument or agreement has been drawn upon, obtained by the Authority.

Enhancement Facility means an aquaculture facility operated by DFO, or under the direction of DFO, culturing Pacific salmon for the purpose of increasing their freshwater survival before their intentional release into fish habitat.

Enhancement Facility means any letter of credit, standby purchase agreement, line of credit, policy of bond insurance, surety bond, guarantee or similar instrument, or any other agreement, securing, providing liquidity for, supporting or enhancing Outstanding Bonds, or any combination of the foregoing, or any agreement relating to the reimbursement thereof whether or not such instrument or agreement has been drawn upon, obtained by the Department.

Examples of Enhancement Facility in a sentence

• The particular form or forms of such demand provisions, the period or periods for payment of principal and interest after delivery of notice, the appointment of the agent for the Authority, the terms and provisions for the remarketing agreement, and the terms and provisions of the Enhancement Facility shall be as set forth in the applicable Supplemental Agreement.

• If the Variable Rate Indebtedness shall not be resold or redelivered within a stated period, the agent for the Authority may be authorized to draw upon a previously executed Enhancement Facility for payment of interest and principal for a particular Series of Variable Rate Indebtedness to which such Enhancement Facility shall pertain.

• Prior to the issuance of Variable Rate Indebtedness, the applicable Supplemental Agreement shall specify, without limitation, the interest rate calculation methods and any conversion features, and any Enhancement Facility which may be drawn upon to make principal and interest payments on the Variable Rate Indebtedness.

• Amounts representing principal of Loan Repayments related to the 2017-I Loan received on or before the 20th day of any calendar month from HUD pursuant to an insurance claim with respect to the 2017-I Loan shall not be used to redeem Series 2017-I Bonds on the following Interest Payment Date pursuant to this Section 3.2 to the extent that Series 2017-I Bonds have been previously redeemed from amounts received pursuant to any Loan Payment Enhancement Facility with respect to such Loan Repayments.

• The amount of the attendance incentive is to be added to the teacher’s contract to be paid biweekly.

• Any payment made under an Enhancement Facility, to the Holders of the Subordinated Obligations having the benefit of such Enhancement Facility, by the appropriate obligor thereof shall be retained by such Holders for their own account, and no Holder of Senior Indebtedness is to have any right with respect to any such payment so made.

More Definitions of Enhancement Facility

Enhancement Facility means the letter agreement dated on 12 December 2005 between the Secretary of State, the Manager and Barclays Bank Plc and the (GBP)32,500,000 Facility Agreement dated on 12 December 2005 between the Manager and Barclays Bank Plc;