Guarantor Default Interest Amount definition

Guarantor Default Interest Amount means any amount payable by CGIF pursuant to Clause 3.4 (Guarantor Default Interest).
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Guarantor Default Interest Amount and “Non-Payment Event” shall each have the meaning given to it in the CGIF Guarantee.
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Guarantor Default Interest Amount means any amount payable by CGIF pursuant to Clause 3.4 of the CGIF Guarantee.
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Examples of Guarantor Default Interest Amount in a sentence

  • A payment by CGIF of a Paid Guaranteed Amount or a payment by CGIF under this Agreement of all or any part of the Guarantor Default Interest Amount in accordance with this Agreement will discharge the payment obligations of CGIF under this Agreement to the extent of such payment, whether or not such payment is properly applied by or on behalf of the Guaranteed Parties (including, if applicable and without limitation, by the CCB in accordance to Clause 7.1 ( Application of Funds)).

  • Each Demand must be in the form set out in Schedule 1 (Form of a Demand) and must clearly set out the basis of the Demand including the calculation of the Guaranteed Amount, the Guarantor Default Interest Amount (if any), and include all relevant evidence, information and documentation in support of the Demand as is reasonably necessary to evidence in reasonable detail the occurrence of the Non-Payment Event, the amounts unpaid and the payment due from CGIF in respect of the relevant Guaranteed Amount.

  • A payment by CGIF of a Paid Guaranteed Amount pursuant to a Demand or a payment by CGIF under this guarantee of all or any part of the Guarantor Default Interest Amount pursuant to a Demand in accordance with this Agreement will discharge the payment obligations of CGIF under this Agreement to the extent of such payment, whether or not such payment is properly applied by or on behalf of the Guaranteed Party.

  • APPLICATION OF FUNDS AND RECOVERIES 6.1 Application of funds Following payment by CGIF of any Paid Guaranteed Amount or payment by CGIF under this guarantee of all or any part of the Guarantor Default Interest Amount pursuant to a Demand, theGuaranteed Party must hold such amounts on trust for the Bondholders and must (as soon as practicable after receipt) apply them in or towards payment of the Guaranteed Amount(s) which are the subject of that Demand.

  • No Demand may include any portion of a Guaranteed Amount or a Guarantor Default Interest Amount that is or was the subject of another Demand.

  • PAYMENTS 8.1 Payment by CGIF and other Parties (a) A payment by CGIF of a Paid Guaranteed Amount or a payment by CGIF under this Agreement of all or any part of the Guarantor Default Interest Amount to the Guaranteed Party pursuant to a Demand in accordance with this Agreement will discharge the payment obligations of CGIF under this Agreement to the extent of such payment, whether or not such payment is properly applied by or on behalf of the Guaranteed Party.

  • However, with respect to CGIF's liabilities under the CGIF Guarantee, the Bonds will only carry interest at the Interest Rate even though the Maturity Date has passed and CGIF will only be liable to pay the Guarantor Default Interest Amount (as defined in the CGIF Guarantee) if CGIF fails to make payment of the relevant Guaranteed Amount in accordance with Clause 3.3 or Clause 5.4 (in respect of the scenario set out in Clause 5.4(a)) of the CGIF Guarantee.

  • With respect to CGIF's liabilities under the CGIF Guarantee, the Bonds will only carry interest at the Interest Rate even though the Maturity Date has passed and CGIF will only be liable to pay the Guarantor Default Interest Amount if CGIF fails to make payment of the relevant Guaranteed Amount The Bonds carry interest at the Interest Rate (as defined in the Conditions).

Related to Guarantor Default Interest Amount

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

  • Default Interest means interest chargeable in terms of this Agreement to unpaid amounts or outstanding obligations which interest shall be calculated, from the due date until date of payment, on a daily balance and compounded monthly in arrear at an annual rate of two percent (2%) above the prevailing, variable prime rate publicly quoted by ABSA Bank Limited from time to time.

  • Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 3.50% above the Alternate Base Rate.

  • Default Interest Period means for any overdue amount of the Withdrawn Loan Balance, each Interest Period during which such overdue amount remains unpaid; provided, however, that the first such Default Interest Period shall commence on the 31st day following the date on which such amount becomes overdue, and the final such Default Interest Period shall end on the date at which such amount is fully paid.”

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;

  • Guarantor Payment Date means (a) prior to the delivery of a Guarantor Default Notice, the date falling on the 10th day of February, May, August and November of each year or, if such day is not a Business Day, the immediately following Business Day, provided that the fist Guarantor Payment Date will be 10 February 2014; and (b) following the delivery of a Guarantor Default Notice, any day on which any payment is required to be made by the Representative of the Covered Bondholders in accordance with the Post-Enforcement Priority of Payments, the relevant Final Terms and the Intercreditor Agreement.

  • Unpaid Interest Amount As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Mandatory Default Amount means the payment of 120% of the outstanding Principal Amount of this Note and accrued and unpaid interest hereon, in addition to the payment of all other amounts, costs, expenses, and liquidated damages due in respect of this Note.

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;

  • Class D Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes. For the purposes of calculating the Class D Interest Coverage Ratio, the expected interest income on Collateral Debt Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

  • Accrued Interest Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month’s interest on the applicable Principal Deficiency Amount at the Net WAC of the applicable Loan Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.

  • Default Repayment Date means the settlement date set out by the Bond Trustee in a Default Notice requesting early redemption of the Bonds.

  • Modification Default Loss means the loss calculated in Exhibits 2a(1)-(3) for single family loans previously modified pursuant to this Single Family Shared-Loss Agreement that subsequently default and result in a foreclosure, short sale or Deficient Loss.

  • Post-Default Rate means a rate of interest per annum equal to the rate of interest otherwise in effect from time to time pursuant to the terms of this Agreement plus 2.00%, or, if a rate of interest is not otherwise in effect, interest at the highest rate specified herein for any Loan then outstanding prior to an Event of Default plus 2.00%.

  • Investor Default Amount means, with respect to any Distribution Date, an amount equal to the product of (a) the Series 2019-3 Allocable Defaulted Amount for the related Monthly Period and (b) the Floating Allocation Percentage for such Monthly Period.

  • default fund means a fund established by a CCP in accordance with Article 42 of Regulation (EU) No 648/2012 and used in accordance with Article 45 of that Regulation;