Debt Service Reserve Guaranty definition

Debt Service Reserve Guaranty means that certain guaranty dated April 10, 2003 made by TransCanada PipeLines Limited in favor of The Bank of New York Mellon (in its capacity as collateral agent under the Note Purchase Agreement) in respect of the obligations of PNGTS under the Debt Documents.
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Debt Service Reserve Guaranty means that certain Constellation Debt Service Reserve Guaranty, dated as of December 2, 1996, made by Constellation Investments, Inc. in favor of Credit Suisse, New York Branch, for the benefit of the Lenders (as defined in the Credit Agreement).
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Debt Service Reserve Guaranty means a letter of credit, surety bond or similar arrangement representing the irrevocable obligation of the Debt Service Reserve Guarantor to pay to the Lessee upon request made by the Lessee up to an amount stated therein for application as provided in this Section.
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Examples of Debt Service Reserve Guaranty in a sentence

  • Notwithstanding the foregoing provisions relating to the Debt Service Reserve Account, in lieu of the deposit of funds in the Debt Service Reserve Account, the Board may obtain a Debt Service Reserve Guaranty.

  • Any Debt Service Reserve Guaranty shall be considered a deposit of funds in the Debt Service Reserve Account equal to the Debt Service Reserve Guaranty Coverage provided by the Debt Service Reserve Guaranty Agreement.

  • Consideration, discussion, and possible action on a Request for Financing from Tab B Cosmos Foundation, Inc., including the adoption of a resolution authorizing the Texas Public Finance Authority Charter School Finance Corporation (Cosmos Foundation) Education Revenue Bonds, Series 2007 A and Taxable Series 2007B, a Trust Indenture, Loan Agreement, Debt Service Reserve Guaranty, Public Hearing, and other related matters.

  • Buyer shall pay to Seller a fee of $80,000 with respect to providing and maintaining the Debt Service Reserve Guaranty, which fee shall be payable in full at Closing.

  • Petitioners frequently label the same alleged error as a “clear error of law” and a “flagrant abuse of discretion.” A “‘court commits clear legal error when it incorrectly chooses, interprets, or applies the law.’” State ex rel.

  • Any Debt Service Reserve Guaranty shall be considered a deposit of funds in the Debt Service Reserve equal to the Debt Service Reserve Coverage provided by the Debt Service Reserve Guaranty Agreement.

  • The Collateral Agent shall forthwith forward to the Noteholders copies of all notices, documents or other information that it receives from the Issuer in connection with the performance of its obligations hereunder and under the Security Documents (including copies of each Debt Service Reserve Guaranty received by it).

  • If the System Bonds are insured by a bond insurer, the references to Rating Agency in the prior sentence shall be read to mean such bond insurer and the substitution of the proposed Debt Service Reserve Guaranty shall not result in the cancellation of the bond insurance provided by such bond insurer.

  • If the First-Lien Parity Bonds and any additional parity bonds are insured by a bond insurer, the references to a Rating Agency in the preceding sentence shall be read to mean such bond insurer and the substitution of the proposed Debt Service Reserve Guaranty shall not result in the cancellation of the bond insurance provided by such bond insurer.

  • As of the Effective Date, (a) this Assignment shall have received any necessary approval of the Bank (acting with the consent of the Majority Lenders) under the PNGTS Credit Agreement and (b) the Bank (acting with the consent of the Majority Lenders) shall have released (i) Capital Markets from the Debt Service Reserve Guaranty (except the obligations under Section 2 thereof) and (ii) NU from the NU DSR Guaranty (except the obligations under Section 2 thereof), and the NU DSR LOC.


More Definitions of Debt Service Reserve Guaranty

Debt Service Reserve Guaranty means a letter of credit, surety bond or similar arrangement
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Debt Service Reserve Guaranty means a letter of credit, insurance policy, surety bond or similar arrangement representing the irrevocable obligation of the Debt Service Reserve Guarantor to pay to or for the account of the Board upon request made by the Board or its designee up to an amount stated therein for application as provided above with reference to the Debt Service Reserve Account.
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Debt Service Reserve Guaranty has the meaning assigned to that term in the Collateral Agency and Depositary Agreement.
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Debt Service Reserve Guaranty means an unconditional guaranty ----------------------------- issued by Dominion Resources, Peoples Energy Corporation, an Affiliate of either Dominion Resources or Peoples Energy Corporation, or any other Person whose long-term senior unsecured debt is rated at least "BBB" by S&P and "Baa2" by Xxxxx'x, and otherwise in substantially the form attached hereto as Exhibit A. ---------
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Related to Debt Service Reserve Guaranty

  • Debt Service means, with respect to any particular period of time, scheduled principal and interest payments under the Note.

  • Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

  • Aggregate Debt Service means, with respect to any particular period of time, the sum of (a) the Debt Service, (b) the Mortgage Debt Service and (c) the Other Mezzanine Debt Service.