Examples of Seller Guarantee in a sentence
The Indenture Trustee shall enforce the Seller Guarantee in accordance with its terms.
Once a share is represented for any purpose at a meeting, it is deemed present for quorum purposes for the remainder of the meeting and any adjournment thereof, unless a new record date is or must be set for the adjourned meeting.
On each Determination Date, the Indenture Trustee shall calculate the Guaranteed Amount, if any, and shall make any claim on behalf of the Issuer under the Seller Guarantee at least two Business Days prior to the related Payment Date, for payment to the Indenture Trustee of the amount of any such claim no later than the Business Day prior to the next Payment Date.
Upon receipt of such Guaranteed Amount in accordance with the terms of the Seller Guarantee, such payment shall be deposited by the Indenture Trustee into the Payment Account for distribution to the Class A-IO Bondholders pursuant to Section 3.05 hereof.
On each Payment Date, any payments received by the Indenture Trustee in respect of the Seller Guarantee shall be paid to the Holders of the Class A-IO Bonds.