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.