Guaranty Payment means the amount that is determined by applying the loss sharing principles set forth in Section 7(d) of this Agreement.

Guaranty Payment. Any payment made by Xxxxxx Mae from its own funds as provided by Section 3.4.

Guaranty Payment means any payment of any amount made by the County pursuant to the Guaranty.

Examples of Guaranty Payment in a sentence

The Guarantor will be subrogated to all rights of Holders of Certificates in the related Trust with respect to any Guaranty Payment.
Except as expressly provided in Section 9.01, the Guarantor waives diligence, presentment, demands of payment or otherwise, protest or notice with respect to each Certificate or the interest represented by such Certificate, and all demands whatsoever, and covenants that this Guaranty will not be discharged except upon complete and irrevocable payment of any Guaranty Payment required hereunder.
Except as expressly provided in Section 8.01, the Guarantor waives diligence, presentment, demands of payment or otherwise, protest or notice with respect to each Certificate or the interest represented by such Certificate, and all demands whatsoever, and covenants that this Guaranty will not be discharged except upon complete and irrevocable payment of any Guaranty Payment required hereunder.
The Guarantor will be subrogated to all rights of a Trust and Holders of the related Certificates with respect to any Guaranty Payment.
Except as expressly provided in Section 10.01, the Guarantor waives diligence, presentment, demands of payment or otherwise, protest or notice with respect to each Certificate or the interest represented by such Certificate, and all demands whatsoever, and covenants that this Guaranty will not be discharged except upon complete and irrevocable payment of any Guaranty Payment required hereunder.

More Definitions of Guaranty Payment

Guaranty Payment shall have the meaning assigned thereto in (S)2.

Guaranty Payment means, as of any Payment Date, the amount, if any, by which (A) the Class B-2 Formula Distribution Amount on such Payment Date exceeds (B) the remainder of (x) the sum of the Collected Funds as of that Payment Date plus any amounts on deposit in the Collection Account as of that Payment Date pursuant to Sections 8.01 or 8.02 of this Agreement, minus (y) the amounts to be distributed from the Collection Account on that Payment Date pursuant to clauses (i) through (x) of Section 6.06(a).

Guaranty Payment. With respect to the Final Distribution Date and the A1 Class of Certificates, and subject to the limitations set forth in Section 3.02 herein, the Outstanding Class Certificate Balance of such Class that remains unpaid.

Guaranty Payment has the meaning assigned in Section 2.

Guaranty Payment. With respect to each Distribution Date and each Class of Certificates, the aggregate of the following amounts: • with respect to each Class of Certificates that has a principal balance, the amount of all Realized Losses allocated to the Corresponding REMIC Class since the previous Distribution Date; and • with respect to the related Final Distribution Date, the Outstanding Class Certificate Balance of such Class that remains unpaid.

Guaranty Payment shall have the meaning set forth in Section 3.8.