Examples of Additional Credit Support in a sentence
At the time of any additional loan described in this Section 8, Discover Bank as Servicer and the Credit Enhancement Provider may agree in writing that the Supplemental Credit Enhancement Amount, the Increased Credit Enhancement Amount or the Additional Credit Support Amount, as applicable, shall bear interest at a different LIBOR-Based Rate, which rate shall reflect prevailing market conditions and the expected duration of such additional loan.
In the event that an Alternative Credit Support Election is made pursuant to the provisions of the Series Supplement, Discover Bank on behalf of the Holder of the Seller Certificate may request that the Credit Enhancement Provider make an additional loan in the amount of the Additional Credit Support Amount.
Additional Credit Support Amount The lesser of (x)(i) $26,315,800 prior to the occurrence of a Supplemental Credit Enhancement Event or (ii) $23,684,220 following the occurrence of a Supplemental Credit Enhancement Event and (y) the difference between the Maximum Class B Credit Enhancement Amount (after giving effect to an Alternative Credit Support Election) and the Available Class B Credit Enhancement Amount (immediately before giving effect to the Alternative Credit Support Election).
We can also help with energy efficiency advice to reduce your energy costs and explore the possibility of providing discretionary credit (also known as Additional Credit Support).
From and after the Contribution Closing, the Acquirer Parties shall indemnify the Devon Entities for any and all Losses arising from or relating to the Credit Support Instruments and the Additional Credit Support.
All costs and expenses incurred in connection with the release or substitution of the Credit Support Instruments and the Additional Credit Support, as the case may be, shall be borne by the Acquirer Parties.
In consideration of Southern's provision of the Credit Support Arrangements, Southern Energy shall pay to Southern, beginning on the Additional Credit Support Arrangement Commitment Termination Date, a monthly fee in an amount equal to 1% per annum, payable in arrears on the first day of each month on the average aggregate maximum principal amount of all Credit Support Arrangements outstanding during such month.
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Additional Credit Support Amount The lesser of (x)(i) $47,368,450 prior to the occurrence of a Supplemental Credit Enhancement Event or (ii) $42,631,605 following the occurrence of a Supplemental Credit Enhancement Event and (y) the difference between the Maximum Class B Credit Enhancement Amount (after giving effect to an Alternative Credit Support Election) and the Available Class B Credit Enhancement Amount (immediately before giving effect to the Alternative Credit Support Election).
Prior to the effectiveness of an Alternative Credit Support Election, the Available Class B Credit Enhancement Amount shall be increased by the lesser of (x) $39,473,700 and (y) the difference between the Maximum Class B Credit Enhancement Amount (after giving effect to the Alternative Credit Support Election) and the Available Class B Credit Enhancement Amount (immediately before giving effect to the Alternative Credit Support Election) (the "Additional Credit Support Amount").