Series Enhancement definition

Series Enhancement means the rights and benefits provided to the Trust or the Investor Certificateholders of any Series or Class pursuant to any letter of credit, surety bond, insurance policy, cash collateral guaranty, subordinated interest in the Trust Assets, cash collateral account, collateral interest, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, interest rate swap agreement, interest rate cap agreement or other similar arrangement. The subordination of any Series or Class to another Series or Class shall be deemed to be a Series Enhancement.
Series Enhancement. The rights and benefits provided to the applicable Issuers or the Noteholders of any Series or Class pursuant to any interest rate swap agreement, interest rate cap agreement, reserve account, spread account, guaranteed rate agreement, letter of credit, surety bond, financial guaranty insurance, interest rate protection agreement or other similar agreement. Series Enhancement shall also refer to any agreements, instruments or documents governing the terms of the enhancements mentioned in the previous sentence or under which they are issued, where the context makes sense. The subordination of any Class to another Class shall be deemed to be a Series Enhancement.
Series Enhancement shall have the meaning specified in the Indenture.

Examples of Series Enhancement in a sentence

  • Except as specifically set forth in the Indenture Supplement with respect thereto, the Notes of any Series or Class shall not have rights to payment from any Series Account or Series Enhancement allocated for the benefit of any other Series or Class.

  • The Holder of this Class A Certificate is entitled to the benefit of any Series Enhancement to the extent provided in the Series Supplement.

  • The Holder of this Class B Certificate is entitled to the benefit of any Series Enhancement to the extent provided in the Series Supplement.

  • Except as specifically set forth in the Indenture Supplement with respect thereto, the Notes of any Series or Class shall not have the right to payment from any Series Account or Series Enhancement allocated for the benefit of any other Series or Class.

  • The Series Supplement with respect to such Series of Notes shall specify the form of Series Enhancement and Series Enhancer, if any, and any additional terms with respect thereto.


More Definitions of Series Enhancement

Series Enhancement. The rights and benefits provided to the Noteholders of any Series or Class pursuant to any surety bond, financial guaranty insurance policy, insurance agreement or other similar arrangement. The subordination of any Class to another Class shall not be deemed to be a Series Enhancement.
Series Enhancement means the rights and benefits provided to the Noteholders of any Series pursuant to any letter of credit, surety bond, financial guaranty insurance policy, insurance agreement, cash collateral or reserve account, spread account, guaranteed rate agreement, maturity liquidity facility or other similar arrangement. The subordination of any Class of Equipment Notes to that of another Class shall not be deemed to be a Series Enhancement.
Series Enhancement means, with respect to any Series or Class of Certificates, any Credit Enhancement (as defined herein) for the benefit of Certificateholders of such Series or Class. The subordination of any Series or Class of Certificates to another Series or Class of Certificates shall be deemed to be Series Enhancement.
Series Enhancement means the rights and benefits provided to the Trust or the Investor Certificateholders of any Series or Class pursuant to any letter of credit, surety bond, cash collateral account or guaranty, collateral invested amount, spread account, yield supplement account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, notional principal contract, options, hedging agreements, insurance policy or other similar arrangement. The subordination of any Series or Class to another Series or Class shall be deemed to be a Series Enhancement. "Series Enhancer" shall mean the Person or Persons providing any Series Enhancement, other than (except to the extent otherwise provided with respect to any Series in the Supplement for such Series) the Investor Certificateholders of any Series or Class which is subordinated to another Series or Class.
Series Enhancement means the rights and benefits provided to the Series Indebtedness Holders of a particular Series (or, if a Series has more than one Class, a particular Class of the Series) pursuant to any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, interest rate swap agreement or other similar arrangement. The subordination of any Series (or Class) to another Series (or Class) shall be deemed to be a Series Enhancement;
Series Enhancement has the meaning specified in the Indenture.
Series Enhancement means, with respect to any series or class of certificates, any credit enhancement for the benefit of certificateholders of such series or class. The subordination of any series or class of certificates to another series or class of certificates shall be deemed to be series enhancement.