Funding Guarantee definition

Funding Guarantee means the first demand absolute direct suretyship in accordance with Articles 6:420 and 6:429 of the Civil Code (''készfizető kezességvállalás'') by Hungary of the Issuer's obligations under the Notes pursuant to Paragraph (1)(a) of Article 6 of the Eximbank Act;

Funding Guarantee. Renaissance has provided proof of funds through Hunters Creek Capital Partners to Xxxxxxx and Rotate Black. The Investor will have $14 million deposited into an escrow account within 10 days of the execution of this LOI.

Funding Guarantee means an obligation or offer to provide funds (including by subscription or purchase) or otherwise be responsible in respect of an obligation or indebtedness, or the financial condition or insolvency, of another person. It includes a guarantee, indemnity, letter of credit or legally binding letter of comfort, or an obligation or offer to purchase an obligation or indebtedness of another person;

Examples of Funding Guarantee in a sentence

• Each school’s budget is subject to a Minimum Funding Guarantee (MFG), the level of which is set by DfE.

• It is not to be counted for the purpose of calculating the Minimum Funding Guarantee.

• Minimum Funding Guarantee, Ceiling Gain Adjustments and Post 16 Funding].

• For example: a proposed target ratio for the primary/secondary funding proportions, guidance as to acceptable levels of Minimum Funding Guarantee (MFG) protection.

• The Regulations give effect to the decisions made to reform the school funding system through simplified local formulae, greater delegation to schools and new arrangements for funding pupils with high needs.4. The Minimum Funding Guarantee (MFG) for schools has been set at negative1.5% per pupil for 2015/16.

• Following a consultation with all primary, secondary, and special schools, School Forum in November 2020 supported a plus 1.25% Minimum Funding Guarantee for the 2021-22 mainstream schools funding formula.

• The Business Advisor highlighted that this modelling shows a) the expected changes in the numbers of funded pupils in each school and academy and b) the continued reliance of the primary phase on the Minimum Funding Guarantee.

• Any unallocated funds once the National funding formula has been implemented will be used to reduce the Minimum Funding Guarantee to the lowest possible figure to afford more protection to schools.

• The Minimum Funding Guarantee protects schools from budget reductions of more than 1.5% on their previous years’ budget other than for falling pupil numbers.

• The impact on individual schools may also vary in relation to the proposed level of the Minimum Funding Guarantee (MFG) to be implemented in 2020/21.

More Definitions of Funding Guarantee

Funding Guarantee means the obligation of the Funding Guarantors in accordance with, and subject to the terms and conditions of, the Funding Agreement, to purchase up to $75 million of the Offered Shares.

Funding Guarantee means the obligation of the Funding Guarantors in accordance with, and subject to the terms and conditions of, the Funding Agreement, to purchase up to all $75 million of the Offered Shares not purchased by eligible Holders of Old Seitel Common Stock in the Warrant Offering at a per share price equal to the Exercise Price.

Funding Guarantee shall have the meaning set forth in the Recitals.