Credit Enhanced definition

Credit Enhanced means a bond issue with a third party repayment guarantee such as a bank letter of credit, Federal program or insurance policy from a credit enhancer such as a bank or insurance company with credit ratings in the three highest categories, meaning at least A3 from Moodys, or A- from either FitchRatings or Standard and Poors, which repayment guarantee structure is binding for at least 36 months and results in the bonds being issued with the credit ratings of the credit enhancer.
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Credit Enhanced when used with reference to any Bonds or Series of Bonds, means Bonds or a Series of Bonds the payment of the principal of and interest on which is insured or guaranteed by a Credit Enhancer.
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Credit Enhanced used as a verb has a corresponding meaning.
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Examples of Credit Enhanced in a sentence

  • Long Term Senior Unsecured Non Credit Enhanced Debt of the Borrower Rated Less Than Level 2 But At Least BBB- By S&P And Baa3 By Xxxxx’x.

  • Long Term Senior Unsecured Non Credit Enhanced Debt of the Borrower Rated Less Than Level 3 But At Least BB+ By S&P And Ba1 By Xxxxx’x.

  • Long Term Senior Unsecured Non Credit Enhanced Debt of the Borrower Rated At Least BBB+ By S&P And Baa1 By Xxxxx’x.

  • Long Term Senior Unsecured Non Credit Enhanced Debt of the Borrower Rated Less Than Level 1 But At Least BBB By S&P And Baa2 By Xxxxx’x.

  • For purposes of this schedule, liquidated is defined as inventory that has been sold or has been otherwise disposed of.o In the case of involuntary terminations, loans should be reported for up to 24 months following termination, until the data on the specified fields: Line item #93 (Total Debt at Time of any Involuntary Termination), Line item #94 (Net Recovery Amount), Line item # 95 (Credit Enhanced Amount), and Line item #121 (Sales Price of Property) are available to report.

  • In accordance with sections 4 of the New England Power and Boston Edison AC Support Agreements, if a Credit Enhanced Supporter thereunder is terminated, each Equity Sponsor or its appointee shall be allocated its then Equity Share of the Support Share of such terminated Supporter; such allocation to be made as of the date of such termination.

  • All principal and interest on the Multifamily Credit Enhanced Bonds will be fully credit enhanced by a GSE through a separate direct-pay obligation issued to the bond indenture trustee for the benefit of all holders of the bonds.

  • It is the intention of the parties hereto that Treasury will purchase GSE Obligations in the form of new tax-exempt and certain taxable project-based multifamily bonds (“Multifamily Credit Enhanced Bonds”) issued by HFAs that are credit enhanced by the GSEs (the “Multifamily Credit Enhancement Program”).

  • In the ordinary course of their business and in accordance with their customary policies, practices and programs, the GSEs will compete with each other to provide direct-pay credit enhancement for the Multifamily Credit Enhanced Bonds.

  • It shall be a condition to the consummation of each Schedule B-1 Work-Out Agreement that the related Credit Enhanced Partnership shall have received a Stabilization Opinion in form and substance reasonably acceptable to Natixis.

Related to Credit Enhanced

  • Credit Enhancement Percentage For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balances of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.

  • Credit Account is modified to read “Grant Account”.

  • Credit Provider means a Person providing Credit Link Documents, in form and substance acceptable to the Administrative Agent in its sole discretion, of the obligations of an Investor to make Capital Contributions.