Credit Facility Provider definition

Credit Facility Provider means the issuer of or obligor under a Credit Facility.
Credit Facility Provider means, if and to the extent provided for in a Supplemental Indenture entered into pursuant to Section 8.1(i), any Person or Persons engaged by the Corporation (i) pursuant to a Demand Purchase Agreement, to provide credit enhancement or liquidity for the Corporation's obligation to repurchase or redeem Notes of one or more series of the same class subject to a remarketing which have not been remarketed, or (ii) pursuant to a Credit Enhancement Facility, to provide credit enhancement for the payment of the principal of and interest on any or all of the Notes of one or more series.
Credit Facility Provider means any Person or Persons engaged by the State pursuant to a Credit Enhancement Facility, to provide credit enhancement or liquidity for the payment of the principal of and interest on Bonds or the State’s obligation to purchase Bonds (or the Beneficial Ownership Interests therein) on a Tender Date.

Examples of Credit Facility Provider in a sentence

  • The Qualified Entity consents and agrees to the assignment and pledge by the Bond Bank of Warrants, all payments on the Warrants, and all rights of the Bond Bank under this Agreement, to the Trustee under the provisions of the Indenture to secure the Notes, and thereafter to the Credit Facility Provider under the provisions of the Credit Facility Agreement.

  • To the Credit Facility Provider at the address as specified in the Credit Facility Agreement.


More Definitions of Credit Facility Provider

Credit Facility Provider means the provider of a Credit Facility with respect to any Series of Bonds.
Credit Facility Provider means (i) with respect to any Credit Facility consisting of a policy of municipal bond insurance or a surety bond, an issuer of policies of insurance insuring the timely payment of debt service on governmental obligations such as the Parity Bonds, provided that a Rating Agency having an outstanding rating on the Parity Bonds would rate the Parity Bonds fully insured by a standard policy issued by the issuer in its highest generic rating category for such obligations; and (ii) with respect to any other Credit Facility, any financial institution, provided that a Rating Agency having an outstanding rating on the Parity Bonds would rate the Parity Bonds in its two highest generic rating categories for such obligations if the Credit Facility proposed to be issued by such financial institution secured the timely payment of the entire principal amount of the series of Parity Bonds and the interest thereon.
Credit Facility Provider means the provider of a Credit Facility.
Credit Facility Provider means the insurance company, if any, insuring the payment of all or a portion of the principal of and interest on the Bonds.
Credit Facility Provider means a bank providing a direct-pay letter of credit or other security or liquidity instrument in connection with an issue of Bonds which secures the payment of the principal or purchase price, if any, of and interest on an outstanding issue of Bonds when due.
Credit Facility Provider means, so long as the Credit Enhancement Agreement is in effect, Freddie Mac, or so long as any Alternate Credit Facility is in effect, the Credit Facility Provider then obligated under the Alternate Credit Facility.