Cap Guarantor definition

Cap Guarantor means Mizuho Bank, Ltd.
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Cap Guarantor. As defined in Section 4.14 hereof.
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Cap Guarantor means such bank or financial institution as may from time to time hereafter provide a Cap Guarantee, provided that the rating of the long term unsecured and unsubordinated indebtedness of such Cap Guarantor is at least equal to that then applicable to the Class A Notes or, if lower, is such that the then ratings of the Class A Notes, the Class B Notes and the Class C Notes are not adversely affected as a result;
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Examples of Cap Guarantor in a sentence

  • The Issuer, or the Administrator on its behalf, will direct the Cap Counterparty (or the Cap Guarantor, on behalf of the Cap Counterparty) to remit any Cap Payments into the Collection Account on or before the second Business Day preceding each Payment Date.

  • Upon the earlier of payment of all the Obligations owing to Seller or the Guarantee Cap, Guarantor shall be subrogated to the rights of Seller against Purchaser, and Seller agrees to take, at Guarantor’s expense, such steps as Guarantor may reasonably request to implement such subrogation.

  • Upon the earlier of payment of all the Obligations owing to Purchaser or the Guarantee Cap, Guarantor shall be subrogated to the rights of Purchaser against Seller, and Purchaser agrees to take, at Guarantor’s expense, such steps as Guarantor may reasonably request to implement such subrogation.