Credit Enhancement definition

Credit Enhancement means, with respect to this Agreement, any credit enhancement or other credit support arrangement in support of the obligations of the Company hereunder or with respect hereto, including any guarantee, collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin, reimbursement obligation or any similar arrangement.

Credit Enhancement means any credit enhancement or credit support arrangement in support of the obligations of Dealer under or with respect to this Confirmation, including any guarantee, collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin or any similar arrangement.

Credit Enhancement means a contractual arrangement whereby the credit quality of a position in a securitisation is improved in relation to what it would have been if the enhancement had not been provided, including the enhancement provided by more junior tranches in the securitisation and other types of credit protection;

Examples of Credit Enhancement in a sentence

• The MPF Program is not providing accounting or legal advice with respect to the accounting treatment of MPF Program assets and liabilities or with respect to the proper reporting by a PFI to its principal regulator of matters relating to MPF Program assets and liabilities, including, as applicable, a PFI’s Credit Enhancement obligations or the outstanding balance of the loans it sold.

• Losses in Excess of the PFI Credit Enhancement Obligation The MPF Bank will absorb Realized Losses in excess of the PFI's CE obligation.

• Credit Enhancement Fee The PFI will be paid a monthly CE Fee of an amount mutually agreed upon, as specified in the Master Commitment.

• The PFI CE obligation is equal to the total Credit Enhancement less the First Loss Account (“FLA”), subject, however, to a minimum PFI CE obligation as stated in the Master Commitment.

• Upon the payment in full of the Indebtedness and termination of the Credit Enhancement Agreement and the Reimbursement Agreement, Lender shall release this Instrument.

More Definitions of Credit Enhancement

Credit Enhancement means, with respect to this Confirmation or any other Relevant Agreement, any credit enhancement or other credit support arrangement in support of the obligations of Dealer or Counterparty hereunder or thereunder or with respect hereto or thereto, including any guarantee or collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin or any similar arrangement.

Credit Enhancement means a letter of credit, third party guarantee, insurance contract or other collateral or security pledged to the Corporation or its Trustee for a minimum of ten years by a third party Credit Enhancer or financial institution securing, insuring or guaranteeing the repayment of the Mortgage Loan or Bonds under the MMRB Program.

Credit Enhancement means a method used to reduce the credit risk of a series or class of securitized product;

Credit Enhancement means any credit enhancement obtained by the Master Servicer in accordance with Section 11. "Credit Enhancement Account," if applicable, shall have the meaning set forth in Section 8.

Credit Enhancement means (a) with respect to the Class A Certificates, the subordination of the Class B Certificates and the Collateral Interest, and (b) with respect to the Class B Certificates, the subordination of the Collateral Interest.

Credit Enhancement means, with respect to any Series Interest, any reserve fund, overcollateralization, residual value guaranty, residual value insurance policy, financial guarantee insurance policy, letter of credit, guaranteed investment contract, cash collateral account, cash collateral guaranty, interest rate swap or hedge arrangement or other contract or agreement for the benefit of the holders of the related Securities.

Credit Enhancement means a structural feature of a Securitized Product which reduces the credit risk of a series or class of the Securitized Product.