Guarantee Value definition

Guarantee Value. The Guarantee Value shall be equal to the present value of the aggregate Guaranteed Income Amount payments assuming: (i) the Guaranteed Income Amount is calculated based upon the Income Base as of the effective date of the event giving rise to the calculation; (ii) if the Participant has not yet established a Lock-In Date, the Participant establishes a Lock-In Date on the later of the Participant’s next birthday or the Participant’s 65th birthday; (iii) mortality assumptions are based on the Annuity 2000 Basic mortality table with projection; and (iv) the interest rate shall be based on the 10-year Treasury constant maturity rate plus 2.00%, as of the effective date.
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Guarantee Value means, on any day, an amount equal to the present value of the Principal Amount as of such day, discounted by reference to the Discount Curve as determined by the Calculation Agent in its sole discretion acting in good faith and in a commercially reasonable manner.
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Guarantee Value means on the respective calculation date, the result obtained by dividing (i) the average market value of the Pledged Shares at the close of operations each day during the last 30 (thirty) days of prior to the calculation date, between (ii) the Unpaid Balance, on the calculation date.
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Examples of Guarantee Value in a sentence

  • To that end, ▇▇▇▇ agrees to take action as specified below and Buyer agrees to set its Aircraft fleet dispatch reliability target equal to or greater than the sum of the Guarantee Value plus four tenths of a point so that both Buyer and BRAD's technical staff can pursue attainment of the Guarantee Value.

  • If the Plan requires automatic distribution of a Participant Account following termination of employment (a so-called “auto-cashout”), such distribution will be made in accordance with the Plan provisions, provided that a Participant who was not eligible to make a Direct Rollover to the SecurePath for Life IRA Contract shall receive the greater of their Account Value or the Guarantee Value upon the distribution of the Participant’s Account.

  • Guarantee Value Assumptions The following is a listing of all assumptions used to determine the ADMCG per flight hour.

  • Bombardier reserves the right to renegotiate the Guarantee Value in the event of deviation in the aforemade assumptions.

  • The WBNAR (Withdrawal Benefit Net Amount at Risk) for each variable annuity contract ceded hereunder shall be equal to the following: Guaranteed Withdrawal Benefit, Principal Guarantee and Principal Guarantee Value: WBNAR = Maximum [(GWB Benefit Base - Account Value), 0] * Reinsurer's Percentage (defined in Schedule A).

  • Bombardier will pay for direct labour hours incurred based on Bombardier's estimated labour hours or Buyer's actual labour hours, whichever is less, for the percentage as determined above of the installation cost necessary to meet the Guarantee Value.

  • To that end, Bombardier agrees to take action as specified below and Northwest agrees to set its Aircraft fleet dispatch reliability target equal to or greater than the applicable Guarantee Value so that both Northwest and Bombardier's technical staff can pursue attainment of the applicable Guarantee Value.

  • In the event the achieved dispatch reliability, as reported to Buyer by Bombardier and reconciled in six (6) month increments, fails to equal the Guarantee Value for the applicable period, Bombardier and Buyer will jointly review the performance for that period to identify improvement changes required.

  • To that end, Bombardier agrees to take action as specified below and ▇▇▇▇▇ agrees to set its Aircraft fleet dispatch reliability target [***] above the Guarantee Value so that both Buyer and Bombardier’s technical staff can pursue attainment of the Guarantee Value.

  • The Guarantee Value is predicated on an average yearly fleet utilization of [***].


More Definitions of Guarantee Value

Guarantee Value means, on any day, an amount equal to the present value of the Principal Amount on the Scheduled Maturity Date discounted with reference to the Discount Curve as determined by the Calculation Agent in its sole discretion acting in good faith and in a commercially reasonable manner.
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Related to Guarantee Value

  • 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 means the amount payable by the Issuer to the Guarantor LP on or before each Guarantor LP Payment Date pursuant to the terms of the Trust Deed, which amount shall be determined by applying the Guarantee Fee Rate to the aggregate Outstanding Principal Amount of Covered Bonds on each Guarantor LP Calculation Date, multiplying the result of that calculation by the actual number of days in the Guarantor LP Calculation Period ending on such Guarantor LP Calculation Date divided by 365 days and rounding the resultant figure to the nearest ▇▇▇▇▇ (half a ▇▇▇▇▇ being rounded upwards);

  • Note Value means, with respect to any day, the present value of the unpaid Scheduled Payments on the Receivables, discounted at an annual rate equal to 4.75%. For purposes of calculating Note Value, in the case of a defaulted Receivable: (a) prior to the time at which such defaulted Receivable becomes a Repossessed Receivable or a 180-day Receivable, the Scheduled Payments on such Receivable will be computed based on the amounts that would have been the Scheduled Payments had such default not occurred; (b) at the earlier of the time at which such defaulted Receivable becomes a Repossessed Receivable or a 180-day Receivable, the amount added to the Note Value with respect to such Receivable will be the estimated realizable value of such Receivable, as determined by the Servicer in accordance with its normal servicing procedures and (c) after the time such defaulted Receivable becomes a Liquidated Receivable, and after the payment of a Purchase Amount in respect of a Purchased Receivable, there shall be deemed to be no Scheduled Payments due on such Receivable.

  • 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.

  • 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.