Credit Support definition

Credit Support. Instrument" "Credit Support Provider"

Credit Support has the meaning specified in Section 1.3(a).

Credit Support. With respect to each Class of Subordinated Certificates (other than the Class B-5 Certificates), the level of credit support supporting such Class, expressed as a percentage of the aggregate Outstanding Certificate Principal Balance of all Classes of Certificates (other than the Class A-P Certificates). With respect to each Distribution Date, Credit Support for each such Class will equal in each case the percentage, rounded to two decimal places, obtained by dividing the aggregate Outstanding Certificate Principal Balances immediately prior to such Distribution Date of all Classes of Subordinated Certificates having higher numerical class designations than such Class (for this purpose, the Class M Certificates shall be deemed to have a lower numerical class designation than each Class of Class B Certificates) by the aggregate Outstanding Certificate Principal Balance of all Classes of Certificates (other than the Class A-P Certificates) immediately prior to such Distribution Date.

Examples of Credit Support in a sentence

• Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

• Seller shall provide Buyer within ninety (90) days after the end of each calendar year, its audited financial statements together with the audited financial statements of any guarantor providing Credit Support, in each case prepared in accordance with generally accepted accounting principles by an accounting firm of nationally recognized standing in the electric power industry reasonably acceptable to Buyer.

• To the extent that Xxxxx draws on the Credit Support, Seller shall within five (5) Business Days reinstate the security to the full amount required by this Section 7.

• If requested by Xxxxx, Seller shall within thirty (30) days provide Buyer with copies of its most recent quarterly financial statements, together with the audited financial statements of any guarantor providing Credit Support, in each case prepared in accordance with generally accepted accounting principles.

• If Seller has a published Credit Rating from each of S&P and Xxxxx’x, the lower rating will be used to determine the level of Credit Support in the Credit Matrix.

More Definitions of Credit Support

Credit Support. As specified in the related Supplement, a Letter of Credit, Limited Guaranty, Surety Bond, Swap Agreement, Swap Guarantee, or other asset intended to support or ensure the timely or ultimate distributions of amounts due in respect of a Series (or Class within such Series).

Credit Support has the meaning given to it in Section 8.2. "Credit Support Document", as to a Party (the "first Party"), means a guaranty, hypothecation agreement, margin or security agreement or document, or any other document containing an obligation of a third party ("Credit Support Provider") or of the first Party in favor of the other Party supporting any obligations of the first Party under the Agreement.

Credit Support means collateral in the form of (a) Cash or (b) a Letter of Credit issued by a Qualified Bank in a form reasonably satisfactory to the beneficiary.

Credit Support. With respect to any Series (or any Class within such Series), a letter of credit, surety bond, swap agreement, put or call option or other asset intended to support or ensure the timely or ultimate distributions of amounts due in respect of all or certain of the Underlying Securities for such Series or Class, which in each case is specified as such in the related Series Supplement.

Credit Support means either:

Credit Support shall have the meaning specified in Section 6.2(d) hereof.

Credit Support means an amount for security in a form suitable to us, for example cash, that we may request you provide in connection with provision 10 (Credit Support and Advance Payment), and where the context requires, the amount of credit support you have provided at our request;