Reserve Instrument Provider definition

Reserve Instrument Provider means any bank, savings and loan association, savings bank, thrift institution, credit union, insurance company, surety company or other institution issuing a Reserve Instrument.
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Reserve Instrument Provider means, with respect to the Outstanding Bonds (as defined above) and the Series 2020 Bonds, Assured Guaranty Municipal Corp., a New York stock insurance company, or any successor thereto or assignee thereof and shall constitute a Reserve Instrument Provider.]
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Reserve Instrument Provider means any bank, savings and loan association, savings bank, thrift institution, credit union, insurance company, surety company, or other institution issuing a Reserve Instrument, which at the time of issuance of the Reserve Instrument is rated in one of the four highest Rating Categories by a Rating Agency.
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Examples of Reserve Instrument Provider in a sentence

  • If a Security Instrument or a Reserve Instrument is in effect with respect to any Series of Bonds Outstanding and if a proposed modification or amendment would affect such Series of Bonds, then, except as provided in Section 9.1, neither this Indenture nor any Supplemental Indenture with respect to such Series of Bonds shall be modified or amended at any time without the prior written consent of the related Security Instrument Issuer or Reserve Instrument Provider, as applicable.

  • The issuance of Additional Bond as provided in the Indenture does not require consent of the Reserve Instrument Provider.

  • Amounts in respect of Series 2020 Reserve Instrument Repayment Obligations paid to the Reserve Instrument Provider shall be credited first to interest due, then to the expenses due and then to principal due.

  • Pursuant to the Indenture, in order to secure the Issuer’s payment obligations with respect to the Series 2020 Reserve Instrument Repayment Obligations there has been granted and perfected in favor of the Reserve Instrument Provider a security interest (subject only to that of the priority of payment provisions set forth in the Indenture in all Net Revenues pledged as security for the Outstanding Bonds).

  • There shall be paid into the Reserve Instrument Fund the amounts required hereby and by a Supplemental Indenture to be so paid in order to reimburse or repay a Reserve Instrument Provider.

  • The Issuer shall include any Series 2020 Reserve Instrument Repayment Obligations then due and owing to the Reserve Instrument Provider in the calculation of the additional bonds test and the rate covenant in the Indenture.

  • Amounts payable by the Issuer hereunder shall bear interest at the Late Payment Rate (defined below) from the date such amount is paid or incurred by the Reserve Instrument Provider until the date the Reserve Instrument Provider is paid in full.

  • Interest shall accrue and be payable on such draws and expenses from the date of payment by the Reserve Instrument Provider at the Late Payment Rate.

  • Notice of the making of any claim in connection with any insolvency proceeding seeking the avoidance as a preferential transfer of any payment of principal of, or interest on, the Series 2020 Bonds shall be given to the Reserve Instrument Provider.

  • Has the effect of substantially interfering with the targeted student’s academic performance4.


More Definitions of Reserve Instrument Provider

Reserve Instrument Provider means, with respect to the Series 2016 Bonds, Assured Guaranty Municipal Corp., a New York stock insurance company, or any successor thereto or assignee thereof and shall constitute a Reserve Instrument Provider.]
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Reserve Instrument Provider means any bank, financial institution, insurance company or surety company issuing a Reserve Instrument.
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Reserve Instrument Provider means any bank, savings and loan association, savings bank, thrift institution or credit union, insurance company or surety company or other entity issuing a reserve instrument.
Sample 1

Related to Reserve Instrument Provider

  • Long Derivative Instrument means a Derivative Instrument (i) the value of which generally increases, and/or the payment or delivery obligations under which generally decrease, with positive changes to the Performance References and/or (ii) the value of which generally decreases, and/or the payment or delivery obligations under which generally increase, with negative changes to the Performance References.

  • Reference Instrument means Natural Gas (Henry Hub) Future.Currency: USDISIN: US12573E1010Bloomberg Symbol: NG1 Comdty

  • Derivative Instrument with respect to a Person, means any contract, instrument or other right to receive payment or delivery of cash or other assets to which such Person or any Affiliate of such Person that is acting in concert with such Person in connection with such Person’s investment in the Notes (other than a Screened Affiliate) is a party (whether or not requiring further performance by such Person), the value and/or cash flows of which (or any material portion thereof) are materially affected by the value and/or performance of the Notes and/or the creditworthiness of the Issuer and/or any one or more of the Guarantors (the “Performance References”).

  • Short Derivative Instrument means a Derivative Instrument (i) the value of which generally decreases, and/or the payment or delivery obligations under which generally increase, with positive changes to the Performance References and/or (ii) the value of which generally increases, and/or the payment or delivery obligations under which generally decrease, with negative changes to the Performance References.

  • Collateral Access Agreement means a landlord waiver, bailee letter, or acknowledgement agreement of any lessor, warehouseman, processor, consignee, or other Person in possession of, having a Lien upon, or having rights or interests in any Loan Party’s or its Subsidiaries’ books and records, Equipment, or Inventory, in each case, in form and substance reasonably satisfactory to Agent.