Additional Credit Enhancement definition

Additional Credit Enhancement means any Insurance, letter of credit, line of credit, surety bond, standby purchase agreement or other instrument issued by a Qualified Credit Provider, which secures or guarantees the payment of principal of, interest on, or the purchase of, a Permitted Debt, delivered or made available to the Trustee, on or after the Effective Date, as from time to time supplemented or amended pursuant to its respective terms.
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Additional Credit Enhancement means any policy of insurance, surety bond, irrevocable letter of credit, line or lines of credit or any other agreement used to provide credit support in addition to the Credit Enhancement, if any, then in effect for a particular Series of Bonds, which shall be accepted by the Trustee.
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Additional Credit Enhancement. Instrument: The credit enhancement instrument which may be issued by the Credit Enhancer to the Indenture Trustee to guaranty the Additional Variable Funding Notes for the benefit of holders of the Additional Variable Funding Notes.
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Examples of Additional Credit Enhancement in a sentence

  • The ---------------------------------------------------------------- Aggregate Credit Enhancement Instrument Amounts of the Credit Enhancement Instrument and of any Additional Credit Enhancement Instruments issued under the Insurance Agreement not to exceed the Maximum Credit Enhancement Instrument Amount, plus the Maximum Additional Credit Enhancement Instrument Amount.

  • Except as specified in the related Supplement, all Notes in the same Class of any Series shall rank pari passu and be equally and ratably entitled as provided herein to the benefits hereof (except that the Additional Credit Enhancement provided for any Notes of any Series, if any, shall not be available for any other Series) without preference, priority or distinction on delivery, all in accordance with terms and provisions of this Agreement and the related Supplement.