Credit Enhancement Fee definition

Credit Enhancement Fee means, on any Distribution Date, the sum of all fees and interest payable to the Credit Enhancement Provider or the Trustee as administrator of the Credit Enhancement for the related Due Period pursuant to the Credit Enhancement Agreement.

Credit Enhancement Fee. With respect to any Distribution Date, the amount to be paid to the Security Insurer pursuant to Section 4.6(vi) and the amount to which the Seller is entitled pursuant to Section 4.6(vii).

Credit Enhancement Fee. With respect to each form of Credit Enhancement, the monthly premium or fee that is payable to the provider of such Credit Enhancement as specified in the Trust Agreement.

Examples of Credit Enhancement Fee in a sentence

• Total Available Credit Enhancement Amounts Class B Balance Class B Balance on Prior on Current Distribution Distribution Date Date (a) Maximum Amount $39,473,700.00 $39,473,700.00 (b) Available Amount $39,473,700.00 $39,473,700.00 (c) Amount of unreimbursed Drawings on Credit Enhancement $0.00 (d) Credit Enhancement Fee payable to Discover Receivables Financing Corp.

• Total Available Credit Enhancement Amounts Class B Balance Class B Balance on Prior on Current Distribution Distribution Date Date (a) Maximum Amount $59,210,550.00 $59,210,550.00 (b) Available Amount $59,210,550.00 $59,210,550.00 (c) Amount of unreimbursed Drawings on Credit Enhancement $0.00 (d) Credit Enhancement Fee payable to Discover Receivables Financing Corp.

• Total Available Credit Enhancement Amounts Class B Balance Class B Balance on Prior on Current Distribution Distribution Date Date (a) Maximum Amount $118,421,100.00 $118,421,100.00 (b) Available Amount $118,421,100.00 $118,421,100.00 (c) Amount of unreimbursed Drawings on Credit Enhancement $0.00 (d) Credit Enhancement Fee payable to Discover Receivables Financing Corp.

• Total Available Credit Enhancement Amounts Class B Balance Class B Balance on Prior on Current Distribution Distribution Date Date (a) Maximum Amount $63,157,950.00 $63,157,950.00 (b) Available Amount $63,157,950.00 $63,157,950.00 (c) Amount of unreimbursed Drawings on Credit Enhancement $0.00 (d) Credit Enhancement Fee payable to Discover Receivables Financing Corp.

• Total Available Credit Enhancement Amounts Class B Balance Class B Balance on Prior on Current Distribution Distribution Date Date (a) Maximum Amount $98,684,250.00 $98,684,250.00 (b) Available Amount $98,684,250.00 $98,684,250.00 (c) Amount of unreimbursed Drawings on Credit Enhancement $0.00 (d) Credit Enhancement Fee payable to Discover Receivables Financing Corp.

More Definitions of Credit Enhancement Fee

Credit Enhancement Fee means, with respect to any Distribution Date, one-twelfth of the product of 0.50% per annum times the Class A Percentage of the Pool Balance as of the end of the preceding Distribution Date, payable to the Credit Enhancer after a Credit Enhancement Event shall have occurred. "Custodian Fee" means $1.75 per file boarded.

Credit Enhancement Fee. A fee payable monthly by the Bank to the PFI in consideration of the PFI’s Credit Enhancement obligation to fund the Realized Loss for a Master Commitment, based upon the fee rate applicable to such Master Commitment and subject to the terms of the Master Commitment and applicable MPF Mortgage Product, which may include performance and risk participation features as to such Credit Enhancement Fee.

Credit Enhancement Fee means, with respect to any Distribution Date, the fee paid to the Seller, upon the terms and subject to the conditions set forth in the Spread Account Agreement, in consideration of the pledge by the Seller of certain of its assets pursuant to the Spread Account Agreement. The Credit Enhancement Fee shall be in an amount on each Distribution Date equal to the funds remaining in the Collection Account on such date after the distribution by the Indenture Trustee of all amounts required pursuant to clauses (1) through (9) of Section 5.06(b).

Credit Enhancement Fee. As to each Mortgage Loan, the amount payable to the Pool Insurer and the Special Hazard Insurer in respect of such Mortgage Loan.]

Credit Enhancement Fee means the fee due from Borrower in consideration for Xxxxxx Mae’s providing credit enhancement of the Credit Enhanced Xxxxxx, as more particularly set forth on Schedule II (“Credit Enhancement Fee Schedule”) attached to this Agreement.

Credit Enhancement Fee means ten basis points (.0010) for Qualifying Rate Swap Agreements.

Credit Enhancement Fee has the meaning ascribed thereto in the Loan Agreement.