Guarantee Facility definition

Guarantee Facility means the Guarantee Facility made available under this Agreement as described in Clause 2.2 (Guarantee Facility).

Guarantee Facility means the $90 million guarantee facility under the Prepetition Cash Management Agreement.

Guarantee Facility means the subaccount No. 0000000 (Fondo Senior) created under the Fideicomiso 1148-0 (Fondo para la Participación en el Riesgo), a trust fund established under the Fideicomiso 8013-9 administered by NAFIN and created pursuant to the agreement dated December 20, 2001 and registered in the Borrower trust registry within SHCP under No. 368-V-537, for the purposes of providing repayment default risk guarantees to NAFIN in respect to and upon verification that a Default Event has materialized, all in support of NAFIN’s lending (through the Operator) of Credits to Eligible Beneficiaries under the Project, utilizing the proceeds of the Grant allocated to Part 2(b) of the Project and other sources of financing, including the counterpart funds to be provided by the Recipient, through SENER.

Examples of Guarantee Facility in a sentence

• We have a Letter of Guarantee Facility (the “LG Facility”) enabling our bank to issue letters of guarantees, standby letters of credit, performance bonds, counter guarantees, counter standby letter of credit or similar credits on our behalf to from time to time up to a maximum of $2.0 million.

• Observations made by the European Court of AuditorsAs highlighted already in the title of the dedicated European Court of Auditors’ report90, the COSME Loan Guarantee Facility (LGF) has achieved the positive results intended, but needs some better targeting of beneficiaries and more coordination with national schemes.

• First of all, by the European Court of Auditors in the context of a performance audit, which comprised the COSME Loan Guarantee Facility as well as the InnovFin SME Guarantee Facility of Horizon 2020 (published December 201787) and in the context of the COSME interim evaluation (published January 2018).These assessments have shown that the Loan Guarantee Facility is working very successfully.

• Financing the cultural sector through Financial InstrumentsThe Creative and Cultural Sectors Guarantee Facility was allocated a budget of EUR 121 million for the period 2014-2020 representing 9% of the Creative Europe budget.

• EIF’s mandate activity is backed by the European Commission through EIF’s management of the SME Guarantee Facility (SMEGF) as part of the Competitiveness & Innovation Framework (CIP), and by National and Regional Managing Authorities (JEREMIE initiative, Joint European resources for micro- to medium sized enterprises).

More Definitions of Guarantee Facility

Guarantee Facility means a facility for issuance of Guarantee Instruments made available to the Borrower by the Bank in accordance with Chapter 7 (Special provisions – Guarantee Facility) hereof.

Guarantee Facility means any facility where guarantees or letters of credit are made available to and issued in favour of a

Guarantee Facility means the multi-currency revolving guarantee and letter of credit facility referred to in clause 2.1.1(a)(ii) in the amount of up to the Guarantee Facility Limit and made available by the Banks to the Borrower pursuant to this Agreement;

Guarantee Facility means the Guarantee Facility made available under the GIEK Facility Agreement as described in Clause 2.2 (Guarantee Facility) of the GIEK Facility Agreement.

Guarantee Facility means the facility established by FNI for purposes, inter alia, of providing Guarantees utilizing the proceeds of the Credit allocated to Part 3 of the Project and other financing that may be available to it under Part 3 of the Project, such Guarantees to be issued in accordance with the provisions of this Agreement and the Partial Guarantee Operational Manual.

Guarantee Facility means the guarantee facility in the sum of up to $16,320,000 made available to the Borrower by the Lender under this Agreement;

Guarantee Facility means the U.S. Dollar and Optional Currency guarantee facility referred to in Clause 2.2;