Guarantee Commission definition

Guarantee Commission. The guarantee commission in respect of either of the Guarantees payable under clause 6 (Guarantee commissions).
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Guarantee Commission means the guarantee commission to be paid by the Borrower to the Agent pursuant to Clause 9.3.
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Guarantee Commission. In the event that cash has been deposited in the Cash Collateral Account (as defined below) following from the Guarantee Facility not being extended through an annual review (as set out below), the Guarantee Commission shall be reduced to 0.30% p.a. Arrangement Fee – Guarantee: USD 500, payable on the issuance of the respective Guarantee. Amounts due to Nordea shall be paid in accordance with the following wiring instructions: Pay to: XXXXXX00 For the account of: XXXXXXXX Charging: Ref: Trade Finance Oslo — Helix Energy Solutions Group Other: The Guarantee Facility shall be available for the issuance of Guarantees with up to 3 years tenor on an unsecured basis, provided however that in the event the Guarantee Facility is not extended through an annual renewal as stipulated in Part B (Standard Terms – Guarantee Facility), cash in an amount equal to 105% of the aggregate amount available to be drawn under issued and outstanding Guarantees shall be deposited with the Bank no later than 7 days prior to the then applicable Maturity Date. Any unused commitment under the Guarantee Facility will terminate at the then applicable Maturity Date. In the event that cash has been deposited into the Cash Collateral Account (as defined below) as a Nordea Bank Norge ASA Middelthuns gate 17 Oslo X.X. Xxx 0000 Xxxxxxx XX-0000 XXXX Xxxxxx company registration number NO 911 044 110 MVA Part A: Specific Terms — Guarantee Facility result of the foregoing, the Guarantee Commission shall be reduced to 0.30% p.a. Cash deposited shall be held in an account with the Bank (the “Cash Collateral Account”), which account shall be pledged to the Bank and Guarantee Issuer as security for the Customer’s obligations under to the Agreement. The Cash Collateral Account shall be blocked for withdrawals by the Customer and accrue interest in accordance with prevailing market terms for similar accounts. Upon termination of all issued and outstanding Guarantees, satisfactory settlement of Customer’s obligations under the Agreement and termination of the Agreement in whole, any remaining balance in the Cash Collateral Account shall be returned to the Customer together with accrued interest thereon. Funds held in the Cash Collateral Account shall be available to the Bank and the Guarantee Issuer for reimbursement of claims paid under issued Guarantees and unpaid commission, fees and reasonable charges and expenses payable under the Agreement, including, but not limited to, expenses for enforcement o...
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Examples of Guarantee Commission in a sentence

  • Provisions with regard to the Infrastructure, Administration and Representation, Data and Voice Communication, Advertising and Publicity Budget, Remittance, Bank Guarantee, Commission, and Exclusivity are provided in detail in Schedule B attached to this Agreement.

  • Bank Guarantee Commission, Insurance charges, processing fees etc.

  • Provisions with regard to the Staff, Infrastructure, Administration and Representation, Data and Voice Communication, Advertising and Publicity Budget, Remittance, Bank Guarantee, Commission, and Exclusivity are provided in detail in Schedule B attached to this Agreement.

  • Specifically, we estimate the following:Yfsc,t+h − Yfsc,t−1 = α + β1MPUS + β2(Zfcs,t−1 × MPUS ) + β3(Tradecs,t−1 × MPUS )t−1t−1t−1(4)+ θTradecs,t−1 + Zfsc,t−1γS + Xc,t−1δS + εfsc,t+h,where variables are defined as above.

  • The net profit earned by the Company both on Standalone and Consolidated basis declined mainly on account of increase in interest cost on borrowed funds and on account of increase in the LC & Bank Guarantee Commission charges levied by the Consortium of Banks.

  • Finance charges include Guarantee Commission, Stamp Duty, Service fee, Commitment charges, Audit fees, bank charges for demand draft, etc.

  • Interest on Government of Kerala Loan include interest due on Government loans, Guarantee Commission paid to Government and rupee equivalent of funds due from Central Government to State Government.

  • The Bank Guarantee/Letter of Credit issued under the Bank Guarantee Commission Agreement as well as the issue procedure applied by the Bank shall be governed by the latest effective standard regarding letters of credit and bank guarantees issued by the International Chamber of Commerce (currently: URDG 758).

  • Guarantee Commission income is accrued on a time basis by reference to guarantee amount outstanding.

  • Guarantee Commission (Rs.34.34 crore), one-third of total Arrear Estimation of NTPC-TTPS till FY 2012-13 as per its filing before the Hon’ble CERC (Rs.227.62 crore), and Arrear Estimation of NTPC’s thermal power stations for the period of April,2012 to Sept,2012 (Rs.59.53 crore) .


More Definitions of Guarantee Commission

Guarantee Commission means 0.15 per cent per annum.
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Related to Guarantee Commission

  • the Commission means the Charity Commission for England and Wales;

  • State Commission means any state regulatory agency having jurisdiction over retail electricity sales in any State in the PJM Region.

  • Federal Energy Regulatory Commission or "FERC" means the

  • Agent’s Commission means the cash commission payable to the Agent in respect of the completion of the Offering pursuant to the Agency Agreement, as more fully described under “Plan of Distribution”.

  • Securities Commission means the applicable securities commission or regulatory authority in each of the Qualifying Jurisdictions;

  • Nuclear Regulatory Commission (NRC) means the U.S. Nuclear Regulatory Commission or its duly authorized representatives.

  • Ceding Commission shall have the meaning specified in Section 5.2.

  • Railways Commission means the Western Australian Government Railways Commission established pursuant to the Government Railways Xxx 0000;

  • State Energy Commission means The State Energy Commission of Western Australia as described in section 7 of the State Energy Commission Xxx 0000;

  • Appropriate Commission means as defined in the PPA;

  • Water Authority means the body corporate known as the Water Authority of Western Australia established by the Water Authority Xxx 0000;

  • Public Service Commission means the Public Service Commission constituted under this Constitution;

  • SEC means the Securities and Exchange Commission.

  • Secretary of Education means the Commissioner of Education and the Secretary of the United States Department of Education (who succeeded to the functions of the Commissioner of Education pursuant to the Department of Education Organization Act), or any officer, board, body, commission or agency succeeding to the functions thereof under the Higher Education Act.

  • Canadian Securities Commissions means the securities regulatory authorities in each of the Qualifying Jurisdictions;

  • Joint Commission means the accrediting body whose standards are referred to in these Bylaws.

  • Health and Human Services Commission or “HHSC” means the administrative agency established under Chapter 531, Texas Government Code, or its designee.

  • Clearance System means the principal domestic clearance system customarily used for settling trades with respect to the Underlying as determined by the Calculation Agent acting in accordance with relevant market practice and in good faith.