Bank Guarantee Fund definition

Bank Guarantee Fund means the Bank Guarantee Fund as defined in the Act on Bank Guarantee Fund dated 14th December, 1994 enacted under Polish law.
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Bank Guarantee Fund means the Bank Guarantee Fund established pursuant to the Bank Guarantee Fund Act of 14 December 1994 (uniform text Journal of laws of 2000 No. 9 section 131, as amended).
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Bank Guarantee Fund has the meaning given to it in the Polish Act on the Bank Guarantee Fund dated 14 December 1994 (unified text in the Journal of Laws of 2007, No. 70, item 474).
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Examples of Bank Guarantee Fund in a sentence

  • The Borrower shall pay to the Facility Agent, within 15 Business Days of receipt of a demand from a Lender (which may be made only once a year), for the account of the relevant Lender an amount equal to such portion of the Bank Guarantee Fund Cost payable by such Lender as, in accordance with regulations in force, is attributed to its participation in this Agreement and its making a part of the Facility available to the Borrower.

  • The Borrower shall, within 3 (three) Business Days of demand, reimburse the Lender for all amounts evidenced as paid by a Lender in connection with the Loans to the Bank Guarantee Fund, the European Central Bank or any similar regulatory authority.

  • The Agent shall reasonably determine the amount which was paid by that Tranche B Bank to the Bank Guarantee Fund which is attributable on the basis of Polish law to its making, funding or maintaining Advances under this Agreement or maintaining its obligation, if any, to provide Utilisations.

  • Funduszu Gwarancyjnego) means the fee payable by a Lender in accordance with the Polish Act on the Bank Guarantee Fund of 14 December 1994 (as amended) and its secondary legislation, or any other applicable regulatory or central bank requirement relating to the Facility, including any fees payable to successor to such guarantee fund.

  • The Lender shall provide the Borrower with a calculation of the Bank Guarantee Fund Cost demanded to be paid by the Borrower under this Clause 11.4.


More Definitions of Bank Guarantee Fund

Bank Guarantee Fund has the meaning given to it in the Polish Act on the Bank Guarantee Fund dated 14 December 1994 (unified text in the Journal of Laws of 2000, No. 9, item 131). Base Currency means euro.
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Bank Guarantee Fund has the meaning given to it in the Polish Act on the Bank Guarantee Fund dated 14 December 1994 (unified text in the Journal of Laws of 2000, No. 9, item 131). Base Currency means euro. Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.
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Related to Bank Guarantee Fund

  • Bank Guarantee means an irrevocable and unconditional undertaking by a trading bank approved by the Council to pay the Development Contribution amount on demand without an expiry or end date and containing terms and conditions acceptable to Council and in accordance with clause 9 of this Agreement;

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • L/C Cash Collateral Account means an account of the Borrower to be maintained with the Administrative Agent, in the name of the Administrative Agent and under the sole control and dominion of the Administrative Agent and subject to the terms of this Agreement.

  • Guarantee Fee shall have the meaning given to that term in Section 4.1.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Facility Letter of Credit means a Letter of Credit issued hereunder.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Class B Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Class A Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Facility Charge means one percent (1%) of the Maximum Term Loan Amount.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • LC means Letter of Credit

  • Financial Letter of Credit means any Letter of Credit other than a Performance Letter of Credit.

  • Cash Collateralization has a correlative meaning.

  • Administrative fund means that Fund established by Section 6.1 and administered pursuant to Section 6.9.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Performance Letter of Credit means any Letter of Credit of the Borrower or a Guarantor that is issued for the benefit of a municipality, other governmental authority, utility, water or sewer authority, or other similar entity for the purpose of assuring such beneficiary of the Letter of Credit of the proper and timely completion of construction work.