Principal Credit Source definition

Principal Credit Source means, with respect to any Maturity of Bonds of any Series, the entity, if any, identified as such in the related Series Trust Agreement or Additional Deposit Notice, as applicable, as the issuer of the credit enhancement with respect to such Maturity of Bonds.
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Principal Credit Source means the entity, if any, identified as such in the Bond Position Schedule, as (i) the issuer of the credit enhancement with respect to the Bonds or (ii) if there is no credit enhancer, the obligor with respect to the Bonds.
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Examples of Principal Credit Source in a sentence

  • Bonds: $6,341,135 Enhanced Custody Receipts, Series 2008 CDB-2E, relating to $6,804,815 Unenhanced Custody Receipts, Series 2008 CDB-2U, evidencing an interest in Multifamily Mortgage Revenue Refunding Bonds 2001 Series I (Fairmont Oaks Apartments)3 Issuer: Florida Housing Finance Corporation Credit Enhancer (Principal Credit Source): Bank of America, N.A. Credit Enhancement: Irrevocable Direct Pay Letter of Credit No. 3094317, dated July 3, 2008.

  • Bonds: $9,109,094 Enhanced Custody Receipts, Series 2008 CDB-11E, relating to $9,109,094 Unenhanced Custody Receipts, Series 2008 CDB-11U, evidencing an interest in Multi-Family Housing Revenue Refunding Bonds 2001 Series G (Lake Forest Apartments).1 Issuer: Florida Housing Finance Corporation Credit Enhancer (Principal Credit Source): Bank of America, N.A. Credit Enhancement: Irrevocable Direct Pay Letter of Credit No. 3094326, dated July 3, 2008.

  • Bonds: $3,563,879 Enhanced Custody Receipts, Series 2008 CDB-9E, relating to $4,018,446 Unenhanced Custody Receipts, Series 2008 CDB-9U, evidencing an interest in Multifamily Housing Revenue Bonds (Woodlynn Village Project) Series 2007.10 Issuer: City of Maplewood, Minnesota Credit Enhancer (Principal Credit Source): Bank of America, N.A. Credit Enhancement: Irrevocable Direct Pay Letter of Credit No. 3094324, dated July 3, 2008.

  • Bonds: $11,748,440 Enhanced Custody Receipts, Series 2008 CDB-8E, relating to $13,300,020 Unenhanced Custody Receipts, Series 2008 CDB-8U, evidencing an interest in Multifamily Housing Revenue Bonds (Woodland Park Apartments) Series 2007G-1.8 Issuer: Kansas Development Finance Authority Credit Enhancer (Principal Credit Source): Bank of America, N.A. Credit Enhancement: Irrevocable Direct Pay Letter of Credit No. 3094323, dated July 3, 2008.

  • Bonds: $8,479,872 Enhanced Custody Receipts, Series 2008 CDB-4E relating to $9,560,926 Unenhanced Custody Receipts, Series 2008 CDB-4U, evidencing an interest in Multifamily Housing Revenue Bonds (Runnymede Apartments Project) Series 2007A.9 Issuer: Austin Housing Finance Corporation Credit Enhancer (Principal Credit Source): Bank of America, N.A. Credit Enhancement: Irrevocable Direct Pay Letter of Credit No. 3094319, dated July 3, 2008.

  • Bonds: $3,600,665 Enhanced Custody Receipts, Series 2008 CDB-6E, relating to $4,074,764 Unenhanced Custody Receipts, Series 2008 CDB-6U, evidencing an interest in Multifamily Housing Revenue Bonds (Gardens of D▇▇▇▇▇▇▇▇ Apartments) Series 2007.4 Issuer: Northwest Central Texas Housing Finance Corporation Credit Enhancer (Principal Credit Source): Bank of America, N.A. Credit Enhancement: Irrevocable Direct Pay Letter of Credit No. 3094321, dated July 3, 2008.

  • Issuer: Northwest Central Texas Housing Finance Corporation Credit Enhancer (Principal Credit Source): Bank of America, N.A. Credit Enhancement: Irrevocable Direct Pay Letter of Credit No. 3094322, dated July 3, 2008.

  • Bonds: $5,431,500 Enhanced Custody Receipts, Series 2008 CDB-1E, relating to $6,005,174 Unenhanced Custody Receipts, Series 2008 CDB-1U, evidencing an interest in Multifamily Housing Revenue Bonds (Bella Vista Apartments) Series 20061 Issuer: Texas Department of Housing and Community Affairs Credit Enhancer (Principal Credit Source): Bank of America, N.A. Credit Enhancement: Irrevocable Direct Pay Letter of Credit No. 3094316, dated July 3, 2008.

  • Bonds: $4,772,791 Enhanced Custody Receipts, Series 2008 CDB-5E, relating to $5,336,663 Unenhanced Custody Receipts, Series 2008 CDB-5U, evidencing an interest in Revenue Bond, Series 2004 (Clarkson College Project).1 Issuer: Nebraska Educational Finance Authority Credit Enhancer (Principal Credit Source): Bank of America, N.A. Credit Enhancement: Irrevocable Direct Pay Letter of Credit No. 3094320, dated July 3, 2008.

  • Bonds: $13,855,072 Enhanced Custody Receipts, Series 2008 CDB-3E relating to $13,855,072 Unenhanced Custody Receipts, Series 2008 CDB-3U, evidencing an interest in Multi-Family Housing Revenue Refunding Bonds 2000 Series B (Iona Lakes Project)6 Issuer: Florida Housing Finance Corporation Credit Enhancer (Principal Credit Source): Bank of America, N.A. Credit Enhancement: Irrevocable Direct Pay Letter of Credit No. 3094318, dated July 3, 2008.