Credit Enhancement Provider definition

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 Provider means the Collateral Interest Holder.

Credit Enhancement Provider shall have the meaning set forth in the Series Term Sheet.

Examples of Credit Enhancement Provider in a sentence

• Derivative Counterparty, Supplemental Credit Enhancement Provider and Supplemental Liquidity Provider as Third-Party Beneficiary 85 TABLE OF CONTENTS (continued) Page Article XIII COMPLIANCE WITH REGULATION AB Section 1301.

• On or before the fifth Business Day prior to the Removal Date (the “Removal Notice Date”), Discover Funding as the Holder of the Transferor Certificate shall give the Trustee, the Master Servicer and any Credit Enhancement Provider written notice that the receivables from such Removed Accounts and the Removed Interchange are to be reassigned by the Trustee to Discover Funding as the Holder of the Transferor Certificate effective as of the Removal Date.

• All parties hereto shall execute such further assurances from time to time as shall be necessary or advisable to vest in the Seller and each Co-Owner and each Credit Enhancement Provider, if applicable, the respective undivided ownership interests of each of them in the Custodial Property or otherwise give effect to this Agreement.

• If Discover Bank on behalf of the Holder of the Seller Certificate makes such request, and if the Credit Enhancement Provider elects to make such loan, the amount of such loan shall be added to the unpaid principal amount of the Loan.

• Except as permitted pursuant to Section 7.04, the Seller shall maintain its corporate existence, its corporate power and authority and all licences and approvals necessary to perform its obligations under this Agreement, each Series Purchase Agreement and each Related Document, to the extent that the failure to do so would have a material adverse effect on the rights of the Custodian, any Co-Owner or any Credit Enhancement Provider hereunder or thereunder.

More Definitions of Credit Enhancement Provider

Credit Enhancement Provider means, with respect to any Series, the Person, if any, designated as such in the related Supplement.

Credit Enhancement Provider with respect to any Series shall have the meaning specified in the applicable Series Supplement.

Credit Enhancement Provider means an obligor or transferor with respect to a Credit Enhancement in support of a Covered Agreement.

Credit Enhancement Provider means the Collateral Interest --------------------------- Holder.

Credit Enhancement Provider means the person or entity providing or issuing a credit enhancement device.

Credit Enhancement Provider means, as to any Series, any Person designated as such in the related Supplement.

Credit Enhancement Provider means, with respect to a Series of Bonds, the Insurer, commercial bank, pension fund, or other institution issuing (or having primary obligation, or acting as agent for the institutions obligated, under) a Credit Enhancement then in effect with respect to such Series of Bonds.