Examples of Guaranteed Loan Amount in a sentence
If the New Member elects to execute Bottom Guarantees (in the aggregate) for less than the Guaranteed Loan Amount, then upon written notice to the Company, the Managing Member and the lender under any Replacement Indebtedness, not more frequently than one time per year during the Tax Protection Period applicable to the New Member, the New Member may elect to increase the New Member’s Bottom Guarantees (in the aggregate) in any amount up to the Guaranteed Loan Amount.
At any point in time when a Guaranteed Loan Amount is available, the policy's Net Accumulation Value will not be less than such Guaranteed Loan Amount.
The Guarantee Fee is subject to a maximum cap of RMB6 million and RMB13.5 million per annum respectively for Xxxxxx Xxxxxx and Xxxxxx Xxxxxxx, being 1.5% of the Guaranteed Loan Amount.
As further advised by the Management, the Company had enquired and verbally obtained three (3) quotations fromthree (3) Guarantee Companies on the guarantee fee charged for issuing guarantee for the Guaranteed Loan Amount in April 2020.
EXCESS INCOME AMOUNT If you have elected the maximum Guaranteed Loan Amount described above, you have the right to receive an additional amount, if available, under the elected automatic payment plan.