Outstanding Guarantee Amount definition

Outstanding Guarantee Amount means, in relation to a Guarantee, the maximum amount for which the Guarantee was issued less the aggregate amount of all reductions to it which have been made in accordance with the provisions of Clause 3.1;
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Outstanding Guarantee Amount means, in relation to a Bank Guarantee at any relevant time, the maximum amount in Dollars for which such Bank Guarantee was issued or, if a Bank Guarantee does not contain an express provision limiting the total amount payable by the relevant Issuing Bank thereunder to a stated maximum amount, such amount as the relevant Issuing Bank shall from time to time certify to be the amount which it then reasonably considers to be the maximum aggregate amount (whether of principal, interest or otherwise) which, during the remaining duration of such Bank Guarantee, it may be required to pay to the relevant Beneficiary under such Bank Guarantee (and for such purpose the relevant Issuing Bank may make such estimate of its potential liability under such Bank Guarantee as it reasonably considers appropriate provided however that where the amount for which a Bank Guarantee was issued increases by reference to a rate of interest the relevant Issuing Bank may only, as at any relevant date upon which the Outstanding Guarantee Amount of a Bank Guarantee falls to be determined, include amounts so calculated by reference to a rate of interest to the extent that such amounts have accrued up to such date and in calculating the Outstanding Guarantee Amount for a Bank Guarantee in a currency other than Dollars the Agent shall calculate the Outstanding Guarantee Amount in such currency and then convert such amount into Dollars at the Agent's ordinary spot rate of exchange for the purchase of such currency with Dollars as at 11.00 a.m. the date such Outstanding Guarantee Amount falls to be determined or if such date is not a Banking Day 11.00 a.m. on the preceding Banking Day) less, in either case, the aggregate amount of all reductions thereof which have been made in accordance with the provisions of Clause 5.1;
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Outstanding Guarantee Amount means the amount of the Company's obligations which the Guarantor has guaranteed (regardless of the actual amount of the Company's obligations outstanding to the lender at any time during such period) together, without duplication, with the amount the Guarantor has paid pursuant to the Guarantees which has not been reimbursed by the Company pursuant to this Agreement.
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Examples of Outstanding Guarantee Amount in a sentence

  • For the purpose of calculating the daily aggregate Outstanding Guarantee Amount during each such three (3) month period of any Bank Guarantee denominated in a currency other than Dollars, the Agent shall convert the daily amounts of this other currency into Dollars using the Agent's ordinary spot rate of exchange for the purchase of such currency with Dollars as at 11.00 a.m. on the last Banking Day of that period.

  • Attracting and retaining private investment requires mechanisms for sharing risks, the provision of common infrastructure such as transmission corridors and roads, streamlined procedures, regulatory improvements, and structural reforms.

  • In determining the Outstanding Guarantee Amount of a Bank Guarantee for the purposes of this Clause the New Guarantee Provider shall in relation to interest by reference to which its liability under the relevant Bank Guarantee may be calculated take into account only such amounts as have accrued to form part of its liability under that Bank Guarantee at the time its determination is made.

  • For the avoidance of doubt, references in this Clause 9.9 to the Advance(s) in respect of a Ship shall include (if relevant) the Outstanding Guarantee Amount of any Guarantee issued in relation to that Ship and references in this Clause 9.9 to prepaying the Advance(s) in respect of a Ship shall include (if relevant) procuring the cancellation of the Outstanding Guarantee Amount of any Guarantee issued in relation to that Ship.


More Definitions of Outstanding Guarantee Amount

Outstanding Guarantee Amount shall have the meaning set forth in Section 4.3.6(g).
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Related to Outstanding Guarantee Amount

  • Funding Guarantor as defined in Section 7.2.

  • Excess Funding Guarantor means, in respect of any Guaranteed Obligations, a Subsidiary Guarantor that has paid an amount in excess of its Pro Rata Share of such Guaranteed Obligations, (ii) “Excess Payment” means, in respect of any Guaranteed Obligations, the amount paid by an Excess Funding Guarantor in excess of its Pro Rata Share of such Guaranteed Obligations and (iii) “Pro Rata Share” means, for any Subsidiary Guarantor, the ratio (expressed as a percentage) of (x) the amount by which the aggregate fair saleable value of all properties of such Subsidiary Guarantor (excluding any shares of stock or other equity interest of any other Subsidiary Guarantor) exceeds the amount of all the debts and liabilities of such Subsidiary Guarantor (including contingent, subordinated, unmatured and unliquidated liabilities, but excluding the obligations of such Subsidiary Guarantor hereunder and any obligations of any other Subsidiary Guarantor that have been Guaranteed by such Subsidiary Guarantor) to (y) the amount by which the aggregate fair saleable value of all properties of the Borrower and all of the Subsidiary Guarantors exceeds the amount of all the debts and liabilities (including contingent, subordinated, unmatured and unliquidated liabilities, but excluding the obligations of the Obligors hereunder) of the Borrower and all of the Subsidiary Guarantors, determined (A) with respect to any Subsidiary Guarantor that is a party hereto on the date hereof, as of the date hereof, and (B) with respect to any other Subsidiary Guarantor, as of the date such Subsidiary Guarantor becomes a Subsidiary Guarantor hereunder.

  • Funding Guarantors as defined in Section 7.2.

  • Qualifying Guarantee means an arrangement evidenced by a written instrument pursuant to which a Reference Entity irrevocably agrees (by guarantee of payment or equivalent legal arrangement) to pay all amounts due under an obligation (the “Underlying Obligation”) for which another party is the obligor (the “Underlying Obligor”). Qualifying Guarantees shall exclude any arrangement (i) structured as a surety bond, financial guarantee insurance policy, letter of credit or equivalent legal arrangement or (ii) pursuant to the terms of which the payment obligations of the Reference Entity can be discharged, reduced or otherwise altered or assigned (other than by operation of law) as a result of the occurrence or non-occurrence of an event or circumstance (other than payment). The benefit of a Qualifying Guarantee must be capable of being delivered together with the delivery of the Underlying Obligation.

  • 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.

  • Non-Paying Guarantor has the meaning assigned to such term in Section 10.11.

  • Paying Guarantor has the meaning assigned to such term in Section 10.11.

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

  • Contributing Guarantors as defined in Section 7.2.

  • Undrawn Amount means, with respect to any Letter of Credit, at any time, the maximum amount available to be drawn under such Letter of Credit at such time and “Undrawn Amounts” means, at any time, the sum of all Undrawn Amounts at such time.

  • Excess Subordinated Amount With respect to any Distribution Date, the excess, if any, of (a) the Subordinated Amount on such Distribution Date over (b) the Specified Subordinated Amount for such Distribution Date.

  • Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Guarantee of the Notes means the guarantee of the Notes given by the Guarantor in the Trust Deed;

  • Maximum Guaranteed Amount means as of the date of determination with respect to a Guarantor, the lesser of (a) the amount of the Guaranteed Obligations outstanding on such date and (b) the maximum amount that would not render such Guarantor’s liability under this Guaranty Agreement subject to avoidance under Section 548 of the United States Bankruptcy Code (or any successor provision) or any comparable provision of applicable state law.

  • Specified Subordinated Amount Prior to the Stepdown Date, an amount equal to 3.00% of the Cut-off Date Pool Principal Balance. On and after the Stepdown Date, an amount equal to 6.00% of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date, subject, until the Class Certificate Balance of each Class of LIBOR Certificates has been reduced to zero, to a minimum amount equal to 0.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date; provided, however, that if, on any Distribution Date, a Trigger Event exists, the Specified Subordinated Amount shall not be reduced to the applicable percentage of the then current aggregate Stated Principal Balance of the Mortgage Loans until the Distribution Date on which a Trigger Event no longer exists. When the Class Certificate Balance of each Class of LIBOR Certificates has been reduced to zero, the Specified Subordinated Amount will thereafter equal zero.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Excess Subordinate Principal Amount With respect to any Distribution Date on which the aggregate Certificate Principal Balance of the Class of Subordinate Certificates then outstanding with the Lowest Priority is to be reduced to zero and on which Realized Losses are to be allocated to such class or classes, the excess, if any, of (i) the amount that would otherwise be distributable in respect of principal on such class or classes of Certificates on such Distribution Date over (ii) the excess, if any, of the aggregate Certificate Principal Balance of such class or classes of Certificates immediately prior to such Distribution Date over the aggregate amount of Realized Losses to be allocated to such classes of Certificates on such Distribution Date as reduced by any amount calculated pursuant to Section 4.02(b)(i)(E). With respect to any Mortgage Pool that is comprised of two or more Loan Groups, the Excess Subordinate Principal Amount will be allocated between each Loan Group on a pro rata basis in accordance with the amount of Realized Losses attributable to each Loan Group and allocated to the Certificates on such Distribution Date.

  • Collateral Default Amount means, with respect to any Distribution Date, the product of the Investor Default Amount for such Distribution Date and the Collateral Floating Percentage.

  • Aggregate Collateral Balance means, as at any Measurement Date, the amount equal to the aggregate of the following amounts, as at such Measurement Date:

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Cumulative Outstanding Principal Amount means the aggregate principal amount of each series of Bonds issued and Outstanding from time to time in accordance with the provisions of this Ordinance, as reflected in the records maintained by the Registrar as provided in this Ordinance.

  • Unencumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • 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.

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.

  • 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.

  • Guaranteed Debt of any Person means, without duplication, all Indebtedness of any other Person referred to in the definition of Indebtedness contained in this Section guaranteed directly or indirectly in any manner by such Person, or in effect guaranteed directly or indirectly by such Person through an agreement (i) to pay or purchase such Indebtedness or to advance or supply funds for the payment or purchase of such Indebtedness, (ii) to purchase, sell or lease (as lessee or lessor) property, or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such Indebtedness or to assure the holder of such Indebtedness against loss, (iii) to supply funds to, or in any other manner invest in, the debtor (including any agreement to pay for property or services without requiring that such property be received or such services be rendered), (iv) to maintain working capital or equity capital of the debtor, or otherwise to maintain the net worth, solvency or other financial condition of the debtor or (v) otherwise to assure a creditor against loss; provided that the term "guarantee" shall not include endorsements for collection or deposit, in either case in the ordinary course of business.