Reserve Guaranty definition

Reserve Guaranty shall have the meaning set forth in Section 6.12(a).
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Reserve Guaranty means (a) with respect to any Senior Obligations (i) a policy of municipal bond insurance or surety bond issued by a municipal bond insurer or a letter of credit issued by a bank or other financial institution, which policy, surety or letter of credit is provided in order to satisfy all or a portion of the Reserve Requirement for such Senior Obligations, provided that (A) if such Reserve Guaranty is a policy of municipal bond insurance or surety bond, at the time of issuance of such policy or surety the obligations insured by the insurer issuing such policy or surety are rated “Aa” or “AA,” or the equivalent thereof, or better by a Nationally Recognized Rating Agency, such ratings to be determined without regard to any subcategory or modifier, and
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Reserve Guaranty means that certain Reserve Guaranty executed by Guarantor and dated as of the date hereof.
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Examples of Reserve Guaranty in a sentence

  • Loan documentation will include the HTF Development Agreement, Mortgage Note, Mortgage 180 Day Redemption, Security Agreement, and Fixture Filing, Assignment of Rents and Leases, Declaration of Land Use Restrictive Covenants, Completion Guaranty, Performance and Repayment Guaranty, Replacement Reserve Guaranty, and UCC financing statements.

  • Loan documentation will include the HTF Written Agreement, Mortgage Note, Mortgage 180 Day Redemption, Security Agreement, and Fixture Filing, Assignment of Rents and Leases, Declaration of Land Use Restrictive Covenants, Completion Guaranty, Performance and Repayment Guaranty, Replacement Reserve Guaranty, Sworn Construction Statement, and UCC financing statements.

  • Loan documentation will include the HOME Written Agreement, Mortgage Note, Mortgage 180 Day Redemption Security Agreement and Fixture Filing, Assignment of Rents and Leases, Declaration of Land Use Restrictive Covenants, Completion Guaranty, Performance and Repayment Guaranty, Replacement Reserve Guaranty, Sworn Construction Statement, and UCC financing statements.

  • Further, the County will require a Completion Guaranty, a Performance and Payment Guaranty, and/or a Replacement Reserve Guaranty.

  • Any Debt Service Reserve Guaranty shall be considered a deposit of funds in the Debt Service Reserve Account equal to the Debt Service Reserve Guaranty Coverage provided by the Debt Service Reserve Guaranty Agreement.

  • Loan documentation will include the HTF Development Agreement, Mortgage Note, Mortgage 180 Day Redemption, Security Agreement, and Fixture Filing, Assignment of Rents and Leases, Declaration of Land Use Restrictive Covenants, Completion Guaranty, Performance and Repayment Guaranty, Replacement Reserve Guaranty, Sworn Construction Statement, and UCC financing statements.

  • Loan documentation will include the HOME-ARP Written Agreement, Mortgage Note, Mortgage 180 Day Redemption Security Agreement and Fixture Filing, Assignment of Rents and Leases, Declaration of Land Use Restrictive Covenants, Completion Guaranty, Performance and Repayment Guaranty, Replacement Reserve Guaranty, Sworn Construction Statement, and UCC financing statements.

  • Mobile Billboard of America, Inc., International Payphone Corporation, Reserve Guaranty Trust, Michael A.

  • Notwithstanding the foregoing provisions relating to the Debt Service Reserve Account, in lieu of the deposit of funds in the Debt Service Reserve Account, the Board may obtain a Debt Service Reserve Guaranty.

  • Historic England have raised no objections toward the impact of the proposed retail store upon Livesey Hall.


More Definitions of Reserve Guaranty

Reserve Guaranty as defined in Section 7.1. SAP: statutory accounting practices which are prescribed or permitted by the Illinois Department of Financial and Professional Regulation.
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Reserve Guaranty means any Reserve Guaranty, executed and delivered by Guarantor in favor of Lender which guarantees some or all of Borrower’s obligations under Section 16.1, Section 16.2, Section 16.3, Section 16.4, Section 16.10, and Section 16.11, as more particularly set forth in Section 16.7 (as such Reserve Guaranty may be amended, supplemented, restated, replaced or otherwise modified from time to time).
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Reserve Guaranty means that certain Reserve Guaranty dated as of the Closing Date and executed and delivered by Guarantor in connection with the Loan to and for the benefit of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.
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Related to Reserve Guaranty

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person:

  • Financing Lease any lease of property, real or personal, the obligations of the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance sheet of the lessee.

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

  • Subsidiary Guaranty means, collectively, the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Collateral Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-2, together with each other Guaranty and Guaranty supplement delivered pursuant to Section 6.12.

  • Guaranty and Security Agreement means a guaranty and security agreement, dated as of even date with this Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by each of the Loan Parties to Agent.