Approved Guarantor definition
Examples of Approved Guarantor in a sentence
A cancellation request involving a Plan Account with a current asset value of $100,000 or more (or any other amount specified in the applicable Plan Prospectus) will require a signature guarantee for all Planholders by an acceptable guarantor as described in the Prospectus or as shall otherwise be approved by the Custodian and Sponsor (hereinafter referred to as an "Approved Guarantor").
Liquidations of $50,000 or higher must be in the form of a letter signed by a Planholder with the signature guaranteed by an Approved Guarantor.
Request for partial withdrawal or portfolio liquidation for amounts of $50,000 or higher must be in writing with the Planholder's signature guaranteed by a member firm of the New York Stock Exchange, a trust company, a national or state bank, a Provxxx Xxxxxxx xx the military installation where the Planholder is located, or any other "eligible guarantor institution" as defined in rules adopted by the SEC ("Approved Guarantor").
Upon satisfaction of the Approved Guarantor Conditions by an Approved Guarantor on a standalone basis, and 49303605 provided there are no outstanding claims for unpaid fees and expenses under Section 9 hereof, this Guaranty shall automatically terminate, without the need for any further action.
Eligible Inventory: Inventory that is owned by a Borrower or Approved Guarantor and that Agent, in its reasonable discretion, deems to be Eligible Inventory.