Guarantee Cover definition

Guarantee Cover means maximum cover available per eligible borrower of the amount in default in respect of the credit facility extended by the lending institution

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Guarantee Cover means the maximum cover available per eligible borrower of the amount in default in respect of the credit facility extended by the lending institution. For this Scheme, the guarantee coverage would be 100% of the amount in default.

Guarantee Cover means maximum cover available per eligible borrower of the amount in default in respect of the credit facility extended by the lending institution. For this scheme, 90% guarantee coverage would come from scheme/ Trust and remaining 10% from the concerned promoter(s).The credit will be extended by MLIs as part of the scheme to the promoters of the stressed MSMEs to be infused by them in the form of equity/ Quasi equity/ Sub debt in the MSME which are commercially viable. The guarantee cover would be uncapped, unconditional and irrevocable credit guarantee.

Examples of Guarantee Cover in a sentence

• We can advise on Landlords Legal Protection, Rent Guarantee Cover and Landlords Contents and Buildings Insurance if required.

• Extension Cover is not applicable for the cost of the provision of a replacement vehicle where no reply is received from the Policyholder within 48 hours of a request made by the Insurer to write off the vehicle insured under the Mobility Guarantee Cover.

• This Extension Cover will provide a replacement vehicle to the Policyholder in the event of the recurrence of a fault on the vehicle insured under the Mobility Guarantee Cover that previously was subject to a valid Claim under the Mobility Guarantee Cover.

• No cover shall apply under the Mobility Guarantee Cover or this Extension Cover for any replacement vehicle supplied as a result of a Claim under the Mobility Guarantee Cover.

• This Extension Cover enables the supply of a replacement vehicle of an equivalent category to the vehicle insured under the Mobility Guarantee Cover and which is the subject of a valid Claim under the Mobility Guarantee Cover.

More Definitions of Guarantee Cover

Guarantee Cover means maximum cover available per eligible FPO borrower;

Guarantee Cover means maximum guarantee cover available against the amount in default in respect of the credit facility extended by the lending institution.

Guarantee Cover means maximum cover available per eligible borrower of the amount in default in respect of the credit facility extended by the lending institution. For this scheme the guarantee coverage is (a) First Loss Default (Up to 5%): 100% and (b) Second Loss (beyond 5% up to 15%): 75% of default portfolio.

Guarantee Cover means maximum cover available per eligible borrower of the amount in default in respect of the credit facility extended by the lending institution/MLI. (vi) “Lending institution(s)”/”MLI(s)” means a commercial bank for the time being included in the second Schedule to the Reserve Bank of India Act, 1934 and Regional Rural Banks as may be specified by IFCI from time to time, or any other institution (s) as

Guarantee Cover means maximum cover available per eligibleFPO borrower;

Guarantee Cover means with respect to a Credit Facility, unless otherwise determined by the Scheme, a maximum of eighty five percent (85%) eighty per cent (80%) and seventy-five percent (75%) for export production finance, pre-shipment finance and post-shipment finance respectively of the guaranteed credit facility by the Scheme.

Guarantee Cover means maximum cover available per portfolio, based on the amount in default, in respect of the credit facility extended by the lending institution. The first 3% of the amount in default will be borne by