IIFCL Guarantee Fee definition

IIFCL Guarantee Fee shall have the meaning specified in the IIFCL Guarantee Agreement;
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IIFCL Guarantee Fee means in respect of each IIFCL Guarantee Fee Payment Date, an amount calculated in accordance with the following: (IIFCL Available Residual Guarantee Amount + IIFCL Net Guarantee Amount Paid) x IIFCL Guarantee Fee Rate x (Number of Days ÷ number of calendar daysin the calendar year for which the relevant IIFCL Guarantee Fee is being calculated). Provided that the amount of the IIFCL Guarantee Fee to be paid by the Issuer on the IIFCL Guarantee Effective Date shall be reduced by the amount of the Upfront Fee.
Sample 1
IIFCL Guarantee Fee means in respect of each IIFCL Guarantee Fee Payment Date, an amount calculated in accordance with the following: (IIFCL Available Residual Guarantee Amount + IIFCL Net Guarantee Amount Paid) x IIFCL Guarantee Fee Rate x (Number of Days ÷ number of calendar days in the calendar year for which the relevant IIFCL Guarantee Fee is being calculated). Provided that the amount of the IIFCL Guarantee Fee to be paid by the Issuer on the IIFCL Guarantee Effective Date shall be reduced by the amount of the Upfront Fee.
Sample 1

Examples of IIFCL Guarantee Fee in a sentence

  • The Issuer shall pay to the Guarantor, the IIFCL Guarantee Fee monthly (or as otherwise required in accordance with the terms of the Counter-Indemnity) in advance, on each IIFCL Guarantee Fee Payment Date or on such other dates as may be required in accordance with the terms of the Counter-Indemnity and in the manner specified in the Trust and Retention Account Agreement.

  • More than one Shortfall Instruction may be made, during the IIFCL Guarantee Term, provided that under no circumstances shall more than one Shortfall Instruction be made during or in respect of any IIFCL Guarantee Fee Calculation Period, except in relation to a Shortfall Instruction made pursuant to Acceleration.

  • Failure by the Issuer in the payment, when due, of the IIFCL Guarantee Fee within [•] of any IIFCL Guarantee Fee Payment Date.

  • The Guarantor shall, on or before the first IIFCL Guarantee Fee Payment Date, deliver an invoice to the Issuer showing the amount of the IIFCL Guarantee Fee, it considers shall be due and payable on such first payment date.

  • Failure by the Issuer in the payment, when due, of the IIFCL Guarantee Fee within[•] of any IIFCL Guarantee Fee Payment Date.

  • In the event of any dispute between the Issuer and the Guarantor in respect of the amount of the IIFCL Guarantee Fee, the amount specified in the invoice delivered by the Guarantor shall be binding on the Issuer and the Debenture Trustee and such amount specified shall be due and payable on such IIFCL Guarantee Fee Payment Date and the Issuer shall make payment thereof without deduction, notwithstanding any such dispute.

  • The Guarantor shall deliver an invoice to the Issuer (with a copy to the Debenture Trustee and the Backstop Guarantor) specifying the amount of the IIFCL Guarantee Fee due and payable, provided that the delivery of (or failure to deliver) a statement of calculation by the Issuer or a failure or delay in delivering the invoice by the Guarantor shall be without prejudice to the obligation of the Issuer to make payment of the IIFCL Guarantee Fee on each such payment date.

Related to IIFCL Guarantee Fee

  • Guarantee Fee shall have the meaning given to that term in Section 4.1.

  • Guarantee Amount means the maximum amount payable under a guarantee which amount shall be specifically set forth in writing at the time the guarantee is entered into by the authority.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit D, made by the Subsidiary Loan Parties in favor of the Administrative Agent for the benefit of the Lenders.

  • Swap Guarantee If so specified in the Supplement with respect to any Series, the guarantee issued by the Swap Guarantor in favor of the Trust substantially in the form attached as an exhibit to the Swap Agreement.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Guarantee Agreement means this Guarantee Agreement, as modified, amended or supplemented from time to time.

  • guarantee contract means a contract entered into by a person as guarantor;

  • Guarantee Agreements means the Parent Guarantee Agreement and the Subsidiary Guarantee Agreement.

  • Guaranty Agreement means an agreement executed by the Guarantors in substantially the form of Exhibit F-2 unconditionally guarantying on a joint and several basis, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time.

  • Payment Guaranty means, if applicable, that certain Guaranty (Payment) of even date herewith executed by Guarantor to and for the benefit of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Guarantee and Security Agreement means that certain Guarantee and Security Agreement dated as of the Effective Date among the Borrower, the Administrative Agent, each Subsidiary of the Borrower from time to time party thereto, each holder (or an authorized agent, representative or trustee therefor) from time to time of any Secured Longer-Term Indebtedness or Secured Shorter-Term Indebtedness, and the Collateral Agent.

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Subsidiary Guaranty is defined in Section 9.7(a).

  • Additional Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Subsidiary Guaranties means the Domestic Subsidiary Guaranty and each Foreign Subsidiary Guaranty.

  • Guarantee Priority of Payments means the priority of payments relating to moneys received by the Cash Manager for and on behalf of the Guarantor and moneys standing to the credit of the Guarantor Accounts, to be paid on each Guarantor Payment Date in accordance with the Guarantor Agreement.

  • Swap Guarantor If so specified in the Supplement with respect to any Series, the guarantor specified as such in such Supplement.

  • Guarantee and Collateral Agreement the Guarantee and Collateral Agreement to be executed and delivered by the Borrower and each Subsidiary Guarantor, substantially in the form of Exhibit A, as the same may be amended, supplemented or otherwise modified from time to time.

  • Parent Guarantee means the guarantee by Parent Guarantor of the obligations of the Issuer under this Indenture and the Securities in accordance with the provisions of this Indenture.

  • VA Loan Guaranty Agreement means the obligation of the United States to pay a specific percentage of a Mortgage Loan (subject to a maximum amount) upon default of the Mortgagor pursuant to the Servicemen’s Readjustment Act, as amended.

  • Original Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Foreign Guaranty means a Corporate Guaranty provided by an Affiliate of a Participant that is domiciled in a foreign country, and meets all of the provisions of Tariff, Attachment Q. “Form 715 Planning Criteria” shall have the same meaning provided in the Operating Agreement.

  • Guarantee Period /’Maintenance Period’ shall mean the period during which the Contractor shall remain liable for repair or replacement of any defective part of the works performed under the contract.

  • Guaranty Agreements means and includes the Guarantee of the Loan Parties provided for in Section 11, and any other guaranty agreement executed and delivered in order to guarantee the Obligations or any part thereof in form and substance reasonably acceptable to the Administrative Agent.

  • Guarantor Senior Debt of a Subsidiary Guarantor means all Obligations with respect to any Indebtedness of such Subsidiary Guarantor, whether outstanding on the Issue Date or thereafter created, incurred or assumed, unless, in the case of any particular Indebtedness, the instrument creating or evidencing the same or pursuant to which the same is outstanding expressly provides that such Indebtedness shall be on a parity with or subordinated in right of payment to such Subsidiary Guarantor's Guarantee. Without limiting the generality of the foregoing, (x) "Guarantor Senior Debt" shall include the principal of, premium, if any, and interest on all Obligations of every nature of such Subsidiary Guarantor from time to time owed to the lenders under the Partnership Credit Facility, including, without limitation, principal of and interest on, and all fees, indemnities and expenses payable by such Subsidiary Guarantor under, the Partnership Credit Facility, and (y) in the case of amounts owing by such Subsidiary Guarantor under the Partnership Credit Facility and guarantees of Designated Senior Indebtedness, "Guarantor Senior Debt" shall include interest accruing thereon subsequent to the occurrence of any Event of Default specified in clause (h) or (i) of Section 6.01 relating to such Subsidiary Guarantor, whether or not the claim for such interest is allowed under any applicable Bankruptcy Law. Notwithstanding the foregoing, "Guarantor Senior Indebtedness" shall not include (i) Indebtedness evidenced by the Notes or the Guarantees, (ii) Indebtedness that is expressly subordinate or junior in right of payment to any other Indebtedness of such Subsidiary Guarantor, (iii) any liability for federal, state, local or other taxes owed or owing by such Subsidiary Guarantor, (iv) Indebtedness of such Subsidiary Guarantor to the Partnership or a Subsidiary of the Partnership or any other Affiliate of the Partnership, (v) any trade payables of such Subsidiary Guarantor, and (vi) any Indebtedness which is incurred by such Subsidiary Guarantor in violation of this Indenture.

  • Parent Guaranty means the guaranty of the Parent pursuant to Section 15.