Material Guarantee definition

Material Guarantee has the meaning set forth in Section 5.10.
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Material Guarantee means a Guarantee Obligation with an Outstanding Amount in excess of $100,000,000 in respect of Indebtedness having an aggregate Outstanding Amount in excess of $100,000,000.
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Examples of Material Guarantee in a sentence

  • If a Servicer Default has occurred and is continuing, the Servicer shall purchase the Loan(s) affected by the Material Guarantee Breach not later than thirty (30) days after receipt of a written demand from the Bank.

  • Any servicing breach that relates to compliance with the requirements of the Act, Program Rules, or the applicable Guarantee Agency but that does not cause a full loss of such Guarantee Agency’s obligation to guarantee payments of a Loan is not a Material Guarantee Breach for purposes of this Section 9.1.

  • Material Guarantee: All materials are guaranteed to be as specified by the manufacturer.

  • Material Guarantee: Materials furnished will be the same as or better than outlined in the contract.Damage to Items Stored Around the Building: For roof replacements, be sure to move patio furniture and other stored items away from the perimeter of the house to prevent damage from falling debris.

Related to Material Guarantee

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

  • Initial Guarantor has the meaning set forth in the preamble hereto.

  • Parent Company Guarantee means a guarantee issued in favour of the Operator in substantially the form set out in Schedule 6 (Form of Parent Company Guarantee).

  • Parent Guarantee means the guarantee by the Parent of the Company’s obligations with respect to the Notes.

  • Subsidiary Guarantee Agreement means a Subsidiary Guarantee Agreement substantially in the form of Exhibit B, and all supplements thereto made by the Subsidiary Guarantors in favor of the Administrative Agent for the benefit of the Lenders.