Guarantee Account definition

Guarantee Account has the meaning set out in Article 3.3 (ii) of this Pledge Agreement.
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Guarantee Account means the bookkeeping account maintained for a Participant reflecting the notional value of the guaranteed benefit determined under Paragraph 4.3 hereof. Effective on and after April 1, 2001 no further contributions shall be made to the Guarantee Account of any Participant.
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Guarantee Account means the account to be opened by BEEF for the purpose of receiving funds under Part A of the Project;
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Examples of Guarantee Account in a sentence

  • Name WB Govt Pooling A/C For Performance Guarantee Account No 000605030134 b.

  • Disbursed IDA funds of Transfers to the Partial Credit Guarantee Account for purposes of issuing Partial Credit Guarantees under Part 1 (c) of the Project will remain in the guarantee fund for 5 years after project closing, after which the Bank and the Government will determine whether to continue the guarantee fund or refund the unutilized funds in the bank account of World Bank.

  • All moneys paid by the Commissioner under subsection (1) shall be repaid to the Commissioner from moneys standing to the credit of the Fidelity Guarantee Account.

  • Moneys standing to the credit of the Fidelity Guarantee Account may, until required for the purposes of section 90, be invested in the same manner as trust funds may be invested in accordance with Part III of the Trustees Act 1962.

  • Income derived from any such investment is to be credited to the Fidelity Guarantee Account.

  • Pooling A/C For Performance Guarantee Account No:- 000605030134IFSC Code:- ICIC0000006 MICR Code:- 70229002Branch Address:- ICICI Bank, 22 R.

  • Fidelity Guarantee Account, claims againstA claim against the Fidelity Guarantee Account shall be made in writing and be verified by a statutory declaration made by a person who deposes to the facts therein set out of his own knowledge.[Regulation 12 amended: Gazette 10 Nov 2009 p.

  • The Bank Guarantee/ Account Payee Demand Draft/ Fixed Deposit Receipt towards Bid Security/ Earnest Money shall remain deposited with the Purchaser for a period of 180 days from the date of opening of bids.

  • The people needing these reports are you and I, our family and friends.

  • Claims against Fidelity Guarantee AccountA claim against the Fidelity Guarantee Account shall be made in writing and be verified by a statutory declaration made by a person who deposes to the facts therein set out of his own knowledge.[Regulation 10 amended: Gazette 26 Oct 2007 p.


More Definitions of Guarantee Account

Guarantee Account means the account referred to in Section 2.02 (b) of this Agreement;
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Guarantee Account means an account of the Beneficiary at [●] with sort code [●] and account number [●],or such other UK bank account as may be notified in writing from time to time by the Beneficiary to the Manager and the Guarantor;
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Guarantee Account means the account of that name in the name of the Trustee maintained by the Account Bank. The Guarantee Account will receive all the amounts payable by theHellenic Republic in respect of the Guarantee in accordance with Condition 3 (Priority of Payments and Available Funds).
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Guarantee Account means the account held by the Guarantor, at the Guarantor for the purposes of making payment of a Disbursement under and in terms of the Guarantee;
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Guarantee Account designates a non-remunerated account, funded by deductions from the financings of the Receivables transferred, aimed at guaranteeing the reimbursement of those amounts which may become owed by the Client to Eurofactor. The amounts retained are kept as a cash pledge, held by Eurofactor.
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Guarantee Account in sixty (60) equal monthly payments beginning in the seventh (7th) month after the Effective Date of this Agreement and continuing for sixty (60) months thereafter (the "Monthly Facility Availability Payments"). The payments shall be made without abatement or reduction due to set-off from any claim by Principia of cost or expense or delay in the Substantial Completion date, nor shall the payments be suspended due to any failure by Principia to fulfill its obligations under this Agreement. The payments for which this Paragraph 4(b) provides are based upon a sixty (60) month schedule of liquidation of the outstanding balance on the Guarantee Account. Any early termination of this Agreement in accordance with Paragraph 10(b), where Principia is the defaulting Party, shall have the effect of making the unpaid balance of the Guarantee Account immediately due and payable in full to Bandwidth. However, any early termination of this Agreement in accordance with Paragraph 10(b) where Bandwidth is the defaulting party Shall relieve Principia of any obligation to make additional payments on the unpaid balance of the Guarantee Account, as provided in Paragraph 4(c) below. Upon the execution of this Agreement, Principia shall, by the execution of a pledge agreement in substantially the same form as the Pledge Agreement attached hereto as EXHIBIT D, pledge to Bandwidth shares of Principia stock (the "Pledged Shares") of the type that has been issued by Principia in the most recent corporate finance transaction in such number that the shares will have an aggregate market value of at least *** Dollars ($***), based on the value stated in the then-most recent corporate finance transaction. Simultaneously with the signing of the Pledge Agreement, Principia shall also execute a Secretary's Certificate in substantially the same form as attached hereto as EXHIBIT E. These shares of stock will comply with the terms and conditions stated in EXHIBIT F, and such other terms and conditions as Bandwidth may request at the time of the deposit of the shares and the execution of the Pledge Agreement. The Pledge Agreement shall secure the first eighteen (18) Monthly Facility Availability Payments from the seventh (7th) through the twenty-fourth (24th) month. Should the market or other relevant valuation of the Pledged Shares decline by 25% or more of the original value as stated herein for a period of ninety (90) days or more, in Bandwidth's reasonable determination, Bandwidth may requ...
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Related to Guarantee Account

  • Guarantee Amount means the maximum amount payable under a guarantee which amount shall be specifically set forth in writing at the time the guarantee is entered into by the authority.

  • Note Account As defined in the Indenture.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit I, made by the Subsidiary Guarantors in favor of the Collateral Agent for the benefit of the Secured Parties.

  • Guarantee Agreement means this Guarantee Agreement, as modified, amended or supplemented from time to time.

  • 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.

  • Guarantee Agency means a state agency or a private nonprofit institution or organization which administers a Guarantee Program within a State or any successors and assignees thereof administering the Guarantee Program which has entered into a Guarantee Agreement with the Trustee on behalf of the Purchaser.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.

  • Force Account means the use of the Recipient's own employees, equipment, or resources for the Project.

  • Guarantee Agreements means the Parent Guarantee Agreement and the Subsidiary Guarantee Agreement.

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

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Guarantee Priority of Payments means the priority of payments relating to moneys received by the Cash Manager for and on behalf of the Guarantor and moneys standing to the credit of the Guarantor Accounts, to be paid on each Guarantor Payment Date in accordance with the Guarantor Agreement.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Guarantee and Collateral Agreement the Guarantee and Collateral Agreement to be executed and delivered by the Borrower and each Subsidiary Guarantor, substantially in the form of Exhibit A, as the same may be amended, supplemented or otherwise modified from time to time.

  • Direct Account : means any Account which is not an ISA Account.

  • Finance Charge Account is defined in Section 4.9(a).

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Collection Accounts As defined in Section 3.10(a).

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Swap Guarantee If so specified in the Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.