Guaranty Reserve definition

Guaranty Reserve shall have the meaning described in Section 9.2.1(a)((ii)(A).
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Guaranty Reserve shall have the meaning described in Section 9.2.1(a)((ii)(A) of the Development Agreement.
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Guaranty Reserve means (i) at any time that no Default or Event of Default exists, all or any portion of the amount in excess of $3,000,000 of total obligations that are guaranteed by a Loan Party pursuant to SECTION 12.3(iii) that the Administrative Agent, in its sole discretion, determines should constitute the Guaranty Reserve, and (ii) at any time that a Default or Event of Default exists, all or any portion of the total obligations that are guaranteed by a Loan Party pursuant to SECTION 12.3(iii) that the Administrative Agent, in its sole discretion, determines should constitute the Guaranty Reserve.
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Examples of Guaranty Reserve in a sentence

  • Additions to the Lender Guaranty Reserve shall be established concurrently with the issuance of each Lender Guaranty.

  • Any payments made to discharge liabil- ities under guaranties issued under section 2194(b) of this title or under similar predecessor guaranty authority shall be paid first out of the Guaranty Reserve as long as such reserve re- mains available, and thereafter out of funds made available pursuant to subsection (f) of this section.

  • Payment hereunder is expressly limited to monies constituting the guarantor’s Guaranty Reserve Fund as established in accordance with the regulations governing the Federal Family Education Loan Program as found in 34 CFR 682.410(a)(1) or as provided under Title IV, Part B, Section 432(o) of the Higher Education Act of 1965, as amended.

  • This fund consists of the Insurance Reserve and the Guaranty Reserve for the respective discharge of potential future liabilities arising from insurance or from guaranties issued under Section 234(b) of the FAA.

  • Funds pro- vided for necessary expenses to carry out the provisions of section 2763 of this title and of sec- tion 2311 of this title may be used to pay claims on the Guaranty Reserve Fund to the extent that funds in the Guaranty Reserve Fund are in- adequate for that purpose.

  • At September 30, 2010 and 2009, the Insurance Reserve totaled$705 million and $839 million, and the Guaranty Reserve totaled$3.5 billion and $3.3 billion, respectively.

  • Payment hereunder is expressly limited to monies constituting the guarantor's Guaranty Reserve Fund as established in accordance with the regulations governing the Federal Family Education Loan Program as found in 34 CFR 682.410(a)(1) or as provided under Title IV, Part B, Section 432(o) of the Higher Education Act of 1965, as amended.

  • Arkansas Code § 15-5-411(b), concerning previous grants to 1 the Arkansas Development Finance Authority's Bond Guaranty Reserve Account, 2 is repealed.

  • At September 30, 2012 and 2011, the Insurance Reserve totaled $858 million and $791 million, and the Guaranty Reserve totaled$3.7 billion and $3.6 billion, respectively.

  • Schedule of Guaranty Reserve 2018 2017 Balance at beginning of year$ 315,403315,327Total monthly deposit--Interest earned on reserve for replacement account(net of service fees) 156 76Adjustment(1,088)-Approved withdrawals - - Balance at end of year$ 314,471 315,403 4.


More Definitions of Guaranty Reserve

Guaranty Reserve means a reserve against Availability equal at any time to the lesser of the IBMCC Obligations or $22,000,000.
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Guaranty Reserve means, at any time, an amount equal to the lesser of (a) $13,000,000, and (b) the sum of (i) the outstanding principal under the Bridge Note, together with all accrued and unpaid interest and fees thereon, and all other amounts then due and payable in respect of the Bridge Note, plus (ii) the outstanding principal amount under the Certificate, together with all accrued and unpaid yield and fees thereon, and all other amounts then due and payable in respect of the Certificate.
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Related to Guaranty Reserve

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Series Reserve Account means the Reserve Account for the Series of Bonds established in the Reserve Fund by Supplemental Indenture in an amount equal to the Series Reserve Account Requirement for such Series of Bonds.

  • Guaranty fund means the fund established by a local entity under Section 11-42-701.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Class A Cash Collateral Account means an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it shall so qualify, into which all amounts drawn under the Class A Liquidity Facility pursuant to Section 3.5(c), 3.5(d), 3.5(i) or 3.5(m) shall be deposited.

  • Interest Reserve Account means that Interest Reserve Account maintained by the Master Servicer pursuant to Section 5.1(a), which account shall be an Eligible Account.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Excess Reserve Fund Account The separate Eligible Account created and maintained by the Trustee pursuant to Sections 3.07(b) and 3.07(c) in the name of the Trustee for the benefit of the Regular Certificateholders and designated "Deutsche Bank, National Trust Company in trust for registered Holders of Morgan Stanley ABS Capital I Inc. Trust 2006-HE3, Mortgage Pass-Through Xxxxxfxxxxxx, Series 2006-HE3." Funds in the Excess Reserve Fund Account shall be held in trust for the Regular Certificateholders for the uses and purposes set forth in this Agreement. Amounts on deposit in the Excess Reserve Fund Account shall not be invested.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.