Guarantee Cap definition

Guarantee Cap means the maximum exposure of a public investor expressed as a percentage of the total investments made in a guaranteed portfolio;
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Guarantee Cap means, on the date hereof, 71.249% of the amount of any claim under this Guarantee, subject to the limitation set forth in Section 2.03(b), which percentage may be adjusted upwards in accordance with Section 2.03(a).
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Guarantee Cap means the maximum aggregate net amount which the Guarantors may be liable to pay under the Guarantee and calculated, at any relevant time, as the product of:
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Examples of Guarantee Cap in a sentence

  • Guarantor shall not be liable for any Payment Demands in excess of the Guarantee Cap.

  • In all other instances, Guarantor’s payments hereunder, up to and including, but not in excess of the Guarantee Cap, will be made in the order in which the associated Payment Demands were received.

  • An EGM will be convened and held, among other things, to seek approval from the Independent Shareholders in relation to the 2019 Cross Guarantee Agreement and the proposed Guarantee Cap in relation to the relevant continuing connected transaction contemplated thereunder.

  • University hereby guarantees to compensate Alaska up to the Guarantee Cap (as defined on Exhibit A), in accordance with Section 3 below, for operating the Scheduled Flights during the Service Period.

  • An EGM will be convened and held, among other things, to seek approval from the Independent Shareholders in relation to the 2019 Cross Guarantee Agreement and the Proposed Guarantee Cap in relation to the relevant continuing connected transaction contemplated thereunder.

  • Amounts paid by the EIF to the Financial Intermediary in excess of the Guarantee Cap Amount shall give rise to a clawback claim.

  • In the event Guarantor receives approximately simultaneous Payment Demands from the Enron Parties in excess of the Guarantee Cap, Guarantor’s total payment up to but not exceeding U.S.$30,000,000 shall be allocated among the Contracts to which the Enron Parties are parties in accordance with each Contract’s percentage of the total amount demanded by both.

  • After the MSF has made a payment on an Authorized Claim, the Lender shall cause any recovery from or on behalf of a Borrower on the Delinquent Enrolled Loan which resulted in the MSF payment on the Authorized Claim to be reimbursed to the MSF as soon as practical after recovery, to the extent of the MSF payment, and the amount of any such reimbursement shall be deemed not to have been paid by the MSF for purposes of calculating whether the MSF Guarantee Cap has been reached.

  • In the event Guarantor receives approximately simultaneous Payment Demands from Counterparty with respect to Obligations owed under more than one Contract in excess of the Guarantee Cap, Guarantor’s total payment up to but not exceeding U.S.$___________ .$_10,000,000 shall be allocated among the Contracts in accordance with each Contract’s percentage of the total amount demanded by both.

  • Subject to the relevant Guarantee Rate and the Guarantee Cap Amount, the EIF would in such case rank pari passu with the Financial Intermediary with regard to loss recoveries.


More Definitions of Guarantee Cap

Guarantee Cap has the meaning set forth in Section 6.30(c).
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Guarantee Cap means the Guaranteed Agreement Charges divided by the number of whole calendar months in the Guaranteed Agreement Term multiplied by 9;
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Guarantee Cap means forty-two million U.S. Dollars (U.S.$42,000,000).
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Guarantee Cap means the total amount of the EUROFER payment obligations under EUROFER Guarantees, expressed as a percentage of the Portfolio and as a nominal amount. The amount of€ 500 000 is obtained by dividing the total amount of € 2 000 000 by 4, thus allotting one quarter thereof to each of the four FIs.
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Guarantee Cap means three million U.S. Dollars (U.S.$3,000,000).
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Related to Guarantee Cap

  • 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.

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

  • Guarantee Period /’Maintenance Period’ shall mean the period during which the Contractor shall remain liable for repair or replacement of any defective part of the works performed under the contract.

  • 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 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.

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

  • Guarantee means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning.

  • 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.

  • Guaranteed Indebtedness means, as to any Person, any obligation of such Person guaranteeing, providing comfort or otherwise supporting any Indebtedness, lease, dividend, or other obligation (“primary obligation”) of any other Person (the “primary obligor”) in any manner, including any obligation or arrangement of such Person to (a) purchase or repurchase any such primary obligation, (b) advance or supply funds (i) for the purchase or payment of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency or any balance sheet condition of the primary obligor, (c) purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation, (d) protect the beneficiary of such arrangement from loss (other than product warranties given in the ordinary course of business) or (e) indemnify the owner of such primary obligation against loss in respect thereof. The amount of any Guaranteed Indebtedness at any time shall be deemed to be an amount equal to the lesser at such time of (x) the stated or determinable amount of the primary obligation in respect of which such Guaranteed Indebtedness is incurred and (y) the maximum amount for which such Person may be liable pursuant to the terms of the instrument embodying such Guaranteed Indebtedness, or, if not stated or determinable, the maximum reasonably anticipated liability (assuming full performance) in respect thereof.

  • Note Guarantee means the Guarantee by each Guarantor of the Company’s obligations under this Indenture and the Notes, executed pursuant to the provisions of this Indenture.

  • Parent Guarantee means the guarantee of payment of the Securities by the Parent Guarantor pursuant to the terms of this Indenture.

  • Permitted SBIC Guarantee means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

  • Subsidiary Guaranty means, collectively, the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Collateral Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-2, together with each other Guaranty and Guaranty supplement delivered pursuant to Section 6.12.