Qualified Credit Provider definition

Qualified Credit Provider means (a) with respect to an Existing Credit Enhancement, the Insurer, commercial bank, pension fund, or other financial institution issuing (or having primary obligation, or acting as agent for the financial institutions obligated, under) such Existing Credit Enhancement, (b) with respect to a Subsequent Credit Enhancement that is amending, extending or replacing an Existing Credit Enhancement, any Insurer, commercial bank, pension fund, or other financial institution issuing (or having primary obligation, or acting as agent for the financial institutions obligated, under) such Subsequent Credit Enhancement, which provider has either (i) a rating that is at least equal to the rating of the provider being replaced or (ii) an Acceptable Credit Rating and (c) with respect to an Additional Credit Enhancement or a Subsequent Credit Enhancement that is amending, extending or replacing an Additional Credit Enhancement, any Insurer, commercial bank, pension fund, or other financial institution issuing (or having primary obligation, or acting as agent for the financial institutions
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Qualified Credit Provider means a Credit Provider organized under or licensed as a branch or agency under the laws of the United States or any state thereof that has an Acceptable Credit Rating.
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Qualified Credit Provider means a Credit Provider, organized under or licensed as a branch or agency under the laws of the United States or any state thereof that has an Acceptable Credit Rating.
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Examples of Qualified Credit Provider in a sentence

  • Subject to Section 17(l), the Borrower may replace all or a portion of the required balance of each such account (other than the TIFIA Series 2014 Debt Service Reserve Account) with a Credit Facility provided by a Qualified Credit Provider and in accordance with the terms of the Indenture.


More Definitions of Qualified Credit Provider

Qualified Credit Provider. A Credit Provider (or its corporate parent as guarantor of its obligations under a Credit Agreement) whose long term debt is rated or whose credit rating is, at the time the Qualified Credit Agreement is entered into, in one of the three highest rating categories by Xxxxx'x or S&P or Fitch, without regard to rating sub-categories; "Real Property" – any land, rights therein (including options), rights of way, franchises, easements, rights of entry, leasehold interests, mineral interests, structures and property presently attached to the realty or other interests in or appertaining to any land, and any estate therein, either temporary or for a fixed period or permanent; and the term real property shall also include all other property, if any, considered as real property under the laws of the State of Texas;
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Related to Qualified Credit Provider

  • 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.

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

  • 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.

  • 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.

  • Hedging Agreement Provider means any Person that enters into a Secured Hedging Agreement with a Credit Party or any of its Subsidiaries that is permitted by Section 6.1(d) to the extent such Person is a Lender, an Affiliate of a Lender or any other Person that was a Lender (or an Affiliate of a Lender) at the time it entered into the Secured Hedging Agreement but has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement.

  • Specified Credit Party means any Credit Party that is not then an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 10.11).

  • Liquidity Provider has the meaning assigned to such term in the recital of parties to this Agreement.

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

  • Liquidity Agent means any bank or other financial institution acting as agent for the various Liquidity Providers under each Liquidity Agreement.

  • Replacement Provider has the meaning set forth in Section II.D.1.

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

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Conduit Credit Enhancer shall have the meaning assigned to such term in Section 14(d).

  • Eligible LC Bank means either a U.S. commercial bank, or a foreign bank issuing a Letter of Credit through its U.S. branch; and in each case the issuing U.S. commercial bank or foreign bank must be acceptable to Buyer in its sole discretion and such bank must have a Credit Rating of at least: (a) “A-, with a stable designation” from S&P and “A3, with a stable designation” from Moody’s, if such bank is rated by both S&P and Moody’s; or (b) “A-, with a stable designation” from S&P or “A3, with a stable designation” from Moody’s, if such bank is rated by either S&P or Moody’s, but not both, even if such bank was rated by both S&P and Moody’s as of the date of issuance of the Letter of Credit but ceases to be rated by either, but not both of those ratings agencies.

  • 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.

  • Subordination Agent Has the meaning specified in the Intercreditor Agreement.

  • the Agent means the estate agency described at paragraph 5 of the Schedule;

  • Account Party has the meaning specified therefor in Section 2.11(h) of this Agreement.

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

  • Administrative Borrower has the meaning set forth in Section 17.9.

  • U.S. Credit Party means the U.S. Borrower and each U.S. Subsidiary Guarantor.

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

  • 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.

  • Eligible Borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

  • Warehouse Lender means any lender providing financing to Seller for the purpose of warehousing, originating or purchasing a Mortgage Loan, which lender has a security interest in such Mortgage Loan to be purchased by Purchaser.

  • Liquidity Bank means the Person or Persons who provide liquidity support to any Conduit Lender pursuant to a Liquidity Agreement in connection with the issuance by such Conduit Lender of Commercial Paper Notes.