Credit Enhancement Fees definition

Credit Enhancement Fees means the fee payable each month to a PFI under the terms of and with respect to a Master Commitment subject to this Agreement.
Sample 1Sample 2
Credit Enhancement Fees means (a) the ongoing commitment fees payable by the Issuer to a Credit Provider in consideration for the issuance of a Credit Enhancement by such Credit Provider, (b) the drawing fees payable by the Issuer for drawings under a Credit Enhancement and (c) waiver, transfer and amendment fees payable by the Issuer to a Credit Provider.
Sample 1
Credit Enhancement Fees means any periodic or other cost, fee or expense lawfully payable by the Corporation or the District in consideration for any letter of credit, insurance policy or other financial instrument issued to or for the account of the Corporation or the District for the purpose of providing a guarantee of or support for the payment of the principal of or interest on any Certificate, or for the purpose of providing liquidity for any Certificate or as a source for payment of any optional or mandatory purchase price thereof.
Sample 1

Examples of Credit Enhancement Fees in a sentence

  • The Selling PFI’s Credit Enhancement obligation with respect to the Serviced Mortgages is not being assumed by Colonial, and the right to receive Credit Enhancement Fees for the Serviced Mortgages is also not being transferred to Colonial.

  • Credit Enhancement Fees: The borrower will be responsible for any fees charged by credit enhancement providers and such fees will be recognized as an expense that can be included in the mortgage.

  • The Bank, the MPF Provider and the PFI agree that no Credit Enhancement Fees are payable with respect to the MPF Xtra Mortgages and the PFI shall have no credit enhancement obligation under the MPF Xtra MCs.

  • Credit Enhancement Fees, Bond Loan Issuance Costs, LOC Fee, and Other Financing Fees & Interest are the Applicant’s detailed estimates, which were adjusted to reflect the actual estimates based upon the recommended MMRB loan amount.

  • So long as no Event of Default has occurred and is then continuing under Section 6.01(b) hereof, for the payment to the Credit Facility Provider of all amounts then due and unpaid under the Reimbursement Agreement (including, without limitation, with respect to Freddie Mac all Freddie Mac Credit Enhancement Fees and Freddie Mac Reimbursement Amounts).

  • These products provide PFIs the ability to originate, sell, and service fixed-rate, residential mortgage loans and retain a portion of the credit risk on the loans as a Credit Enhancement (“CE”) Obligation for which they receive Credit Enhancement Fees (CE Fees) based on the performance of the loans.

  • The most senior qualified staff applying for a temporary position shall be appointed for a definite time period.

  • Of the $156,350 Credit Enhancement Fees, $103,350 is for the Construction Phase and $53,000 is for the Permanent Phase.

  • The Capitalized Interest Schedule is attached as Exhibit 2.2. Bond Loan Credit Enhancement Fees and Issuance Costs are the applicant’s estimates, which appear reasonable.

  • Except for the payment of the purchase price of an MPF Direct Mortgage Loan, neither the Bank nor the MPF Provider shall have any liability for the payment of any fees to the PFI with respect to any MPF Direct Mortgage Loan and there shall be no Credit Enhancement of MPF Direct Mortgage Loans and no Credit Enhancement Fees due or payable to the PFI by the Bank, the MPF Provider or the Investor with respect to the MPF Direct Mortgage Loans.


More Definitions of Credit Enhancement Fees

Credit Enhancement Fees means collective reference to payment or other Distributions made by Borrower to Guarantors, DOGL, Entertainment or their respective assignees in consideration of the execution and delivery of the Guaranty by Guarantors.
Sample 1
Credit Enhancement Fees has the meaning assigned in Section 2.03(a) hereof.
Sample 1
Credit Enhancement Fees mean the fees payable monthly by the MPF Bank to Seller, as a “participating financial institutions,” in consideration of the Seller’s obligation to bear the financial risk of Credit Enhancement with respect to the Mortgage Loans for which the MPF Bank is the Investor.
Sample 1
Credit Enhancement Fees shall have the meaning given in the Standby Agreement.
Sample 1

Related to Credit Enhancement Fees

  • Credit Enhancement means, with respect to this Agreement, any credit enhancement or other credit support arrangement in support of the obligations of the Company hereunder or with respect hereto, including any guarantee, collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin, reimbursement obligation or any similar arrangement.

  • Credit Enhancements means surety bonds, insurance policies, letters of credit, guarantees and other

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • 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 Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Conduit Credit Enhancer shall have the meaning assigned to such term in Section 14(d).

  • Credit Enhancement Agreements means, collectively, any documents, instruments, guarantees or agreements entered into by the Company, any of its Restricted Subsidiaries, or any Receivables Entity for the purpose of providing credit support for one or more Receivables Entities or any of their respective securities, debt instruments, obligations or other Indebtedness.

  • Credit Enhancer means the Credit Enhancer identified in the Adoption Annex.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Minimum Credit Enhancement Test With respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to 6.00%.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Collateral Enhancement Obligation means any warrant or equity security, excluding Exchanged Equity Securities, but including without limitation, warrants relating to Mezzanine Obligations and any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of a Collateral Debt Obligation; or any warrant or equity security purchased as part of a unit with a Collateral Debt Obligation (but in all cases, excluding, for the avoidance of doubt, the Collateral Debt Obligation), in each case, the acquisition of which will not result in the imposition of any present or future, actual or contingent liabilities or obligations on the Issuer other than those which may arise at its option; provided that no Collateral Enhancement Obligation may be a Dutch Ineligible Security.

  • 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.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (i) the amount of cash or other immediately available funds in the Reserve Account on such Payment Date (prior to giving effect to any withdrawals therefrom relating to such Payment Date) over (ii) the Specified Reserve Balance with respect to such Payment Date.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Liquidity Facility Provider means a Person that is a party to a Liquidity Facility with the Authority with respect to specified Bonds and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).