Examples of Guarantor Accounts in a sentence
The Cover Pool consists of Purchased Loan Receivables, Purchased Related Collateral and Eligible Investments as well as the amounts standing to the credit of the Guarantor Accounts.
For greater certainty, subject to commingling as permitted in accordance with the terms of this Agreement, the other Transaction Documents and the CMHC Guide, all cash and Substitute Assets of the Guarantor shall be held in one or more Guarantor Accounts and all Substitute Assets shall be segregated from the assets of the Account Bank.
All Iinterior and exterior building lights must be provided with Lighting Emitting Diode (LED) lighting fixture.
The charges shall be payable in accordance with the Priorities of Payments at the same rates as are generally applicable to the business customers of the Account Bank provided that if there are insufficient funds standing to the credit of the Transaction Account to pay such charges after payment by or on behalf of the Guarantor of any higher ranking obligations in the Priorities of Payment the Account Bank shall not be relieved of its obligations in respect of any of the Guarantor Accounts.
The charges of the Account Bank for the operation of each of the Guarantor Accounts maintained with the Account Bank shall be debited to the Transaction Account only on each Guarantor Payment Date, and the Guarantor by its execution hereof irrevocably agrees that this shall be done.
Amounts that are on deposit from time to time in the Guarantor Accounts may be invested in certain permitted investments pursuant to the Transaction Documents.
The Guarantor shall deliver to the Account Bank prior to the First Issue Date, the duly executed relevant Mandates in or substantially in the forms set out in Schedule 1 hereto relating to the Guarantor Accounts, and the Account Bank hereby confirms to the Bond Trustee that such Mandates have been provided to it, that the Guarantor Accounts are open and that the respective Mandates are operative.
The Standby GIC Provider undertakes to perform only such duties as are expressly set forth in this Agreement and to deal with the Guarantor Accounts with the degree of skill and care that the Standby GIC Provider accords to all accounts and funds maintained and held by it on behalf of its customers.
The Excess Proceeds will thereafter form part of the Security granted pursuant to the Security Agreements and will be used by the Guarantor in the same manner as all other moneys from time to time standing to the credit of the Guarantor Accounts.
To secure the Issuer Trustee Claim (Treuhänderanspruch) and the Guarantor Trustee Claim (Treuhänderanspruch), the Guarantor has pledged (verpfändet) or will pledge to the Trustee, inter alia, certain Guarantor Accounts, any present and future Transfer Claim and all the present and future claims against the Trustee under any Transaction Document to which the Guarantor is a party as further set out under "THE TRUST AGREEMENT – Clause 6 (Pledges and Assignment)" below.