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.

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

• Credit Guarantee Cover is extended to the Member lending Institutions (MLIs).

• The primary objective of CGF is providing a Credit Guarantee Cover to Eligible Lending Institution (ELI) to enable them to provide collateral free credit to FPOs by minimising their lending risks in respect of loans.

• Loans given fully/partly for renovation/repairs are not eligible for the Guarantee Cover under the Scheme.

• For Legal Expenses and Rent Guarantee Cover claims please also read the conditions on pages 36-38.3. If the event is covered, or if you are in any doubt, call the relevant number shown in your Schedule.Our claims unit will take details of the event and tell you whether your claim is covered.

• Proposals approved by the MLIs post set up of the corpus by GoI with IFCI will be eligible for Guarantee Cover under the scheme.The guarantee cover will commence from the date of payment of guarantee fee and shall run through the agreed tenure of the term credit in respect of term credit / composite credit subject to payment of annual renewal fee within the time frame defined in this Policy / Scheme document.

More Definitions of Guarantee Cover

Guarantee Cover means maximum cover available per eligible FPO borrower;

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 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 FPC borrower;

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 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

Guarantee Cover means maximum cover available per eligibleFPO borrower;