Additional Credit Support Amount definition

Additional Credit Support Amount shall have the meaning set forth in the Series Term Sheet.
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Examples of Additional Credit Support Amount 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).

  • Additional Credit Support Amount The lesser of (x)(i) $ prior to the occurrence of a Supplemental Credit Enhancement Event or (ii) $ 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).

  • 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).

  • Additional Credit Support Amount The lesser of (x)(i) $35,526,330 prior to the occurrence of a Supplemental Credit Enhancement Event or (ii) $27,631,590 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).

  • Additional Credit Support Amount The lesser of (x) (i) $ prior to the occurrence of a Supplemental Credit Enhancement Event or (ii) $ 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).

  • Additional Credit Support Amount The lesser of (x) (i) $23,684,220 prior to the occurrence of a Supplemental Credit Enhancement Event or (ii) $18,421,060 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).

  • Additional Credit Support Amount The lesser of (x)(i) $39,473,700 prior to the occurrence of a Supplemental Credit Enhancement Event or (ii) $35,526,330 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).

  • Additional Credit Support Amount The lesser of (x) $26,315,800 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).

Related to Additional Credit Support Amount

  • S&P Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • Fitch Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Credit Support Balance means, with respect to a Transferor on a Valuation Date, the aggregate of all Eligible Credit Support that has been transferred to or received by the Transferee under this Annex, together with any Distributions and all proceeds of any such Eligible Credit Support or Distributions, as reduced pursuant to Paragraph 2(b), 3(c)(ii) or 6. Any Equivalent Distributions or Interest Amount (or portion of either) not transferred pursuant to Paragraph 5(c)(i) or (ii) will form part of the Credit Support Balance.

  • Original Applicable Credit Support Percentage With respect to each of the following Classes of Subordinated Certificates, the corresponding percentage described below, as of the Closing Date: Class B-1 % Class B-2 % Class B-3 % Class B-4 % Class B-5 % Class B-6 %

  • QFC Credit Support has the meaning specified in Section 11.21.

  • Applicable Credit Support Percentage As defined in Section 4.02(e).

  • Credit Support Depletion Date The first Distribution Date on which the Certificate Principal Balances of the Subordinate Certificates have been reduced to zero.

  • Substitute Credit Support has the meaning specified in Paragraph 4(d)(i).

  • Credit Support Instrument" "Credit Support Provider"

  • Senior Credit Support Depletion Date The date on which the Class Certificate Balance of each Class of Subordinated Certificates has been reduced to zero.

  • Eligible Credit Support means Eligible Collateral and Other Eligible Support.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • LC Commitment Amount means $600,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.08.

  • Credit Support Default provisions of Section 5(a)(iii) will apply to Party A and will not apply to Party B.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Credit Amount has the meaning set forth in Section 4.01(b)(ii).

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Credit Support Provider has the meaning specified in the Schedule.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Maximum Revolving Credit Amount means $85,000,000.00.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;