Guarantee Amount Sample Clauses

Guarantee Amount. The Shipper shall provide GRTgaz with a Payment Guarantee of payment, the amount of which shall be determined as follows:  For a Contract of a duration strictly less than two (2) Months, the amount of the Guarantee shall be equal to the total of the capacity terms and the fixed terms set out in Clause 8 of this Section A.  For a Contract of a duration equal to or more than two (2) Months, the amount of the Guarantee shall be determined for each Month between the effective date and the expiry date of the Contract.  The minimum amount of the Guarantee is:  One hundred thousand (100,000) euros or,  Twenty thousand (20,000) euros if the Shipper holds a gas supply licence allowing occasional natural gas purchases and sales at the Title Transfer Points to meet the needs of its own industrial facilities. The amount of the Guarantee for Month M shall be equal:  either to the highest theoretical amount of the two (2) following values: (i) the minimum amount of the Guarantee defined above when the Shipper has access to at least one (1) Title Transfer Point during Month M, otherwise zero (0), or (ii) twice (2x) the value of the total sum of following terms: o the fixed terms and the capacity terms for Month M for all Daily and Hourly Capacity, except for the Daily Delivery Capacity relating to Transport Distribution Interface Points, the Daily Transmission Capacity on the Regional Network relating to Transport Distribution Interface Points, and the Daily Exit Capacity on the Main Network relative to the Transport Distribution Interface Points, o and, if applicable, the capacity terms for Month M-2 for the Daily Delivery Capacity relating to Transport Distribution Interface Points, the Daily Transmission Capacity on the Regional Network relating to Transport Distribution Interface Points, and the Daily Exit Capacity on the Main Network relative to the Transport Distribution Interface Points, provided that Month M-2 takes place after the effective date of the Contract.  or to the amount of the Guarantee of Month M-1, if the difference between the theoretical amount thereby calculated and the amount of the Guarantee of Month M-1 is less than twenty per cent (20%) in absolute value of the amount of the Guarantee of Month M-1.

Guarantee Amount. EPP shall determine the guarantee or deposit amount on the basis of the quantity of Packaging placed on the market in the Republic of Estonia by the Packaging Undertaking in the previous calendar year. In the event that the Packaging Undertaking has not placed any Packaging on the market in the Republic of Estonia in the previous calendar year or if it is impossible for EPP to determine the quantity of Packaging placed on the market in the Republic of Estonia by the Packaging Undertaking in the previous year, EPP shall determine the respective guarantee or deposit amount at its own discretion.

Guarantee Amount. In consideration of the Beneficiary accepting this Undertaking and its terms, XXX undertakes unconditionally to pay the Beneficiary on written demand from time to time any sum or sums up to an aggregate amount not exceeding: Australian Dollars [insert amount] (Amount). XXX will pay the Amount or any part of it to the Beneficiary upon presentation of this original Undertaking (accompanied by a written demand) at [insert address] without reference to the Applicant and even if the Applicant has given XXX notice not to pay the money, and without regard to the performance or non- performance of the Applicant or Beneficiary under the terms of the contract or agreement. By accepting this Undertaking, the Beneficiary acknowledges and agrees that XXX may rely entirely on any demand or notice as presented to it and has no responsibility or obligation to investigate the authenticity or correctness of the matters stated in a demand or notice, the signatures on the same, the positions of such signatories or the capacity or entitlement of the Beneficiary to give and execute the demand or notice. Any alterations to the terms of the contract or agreement or any extensions of time or any other forbearance by the Beneficiary or Applicant will not impair or discharge XXX's liability under the Undertaking. This Undertaking remains in force until the first to occur of: - The Beneficiary notifies XXX in writing that the Undertaking is no longer required; - This original Undertaking is returned to [insert address]; - XXX has paid to the Beneficiary the Amount or the balance outstanding of the Amount; or

Guarantee Amount. The Guarantee Amount at any given time shall be equal to the aggregate sum of $3,000,000.00 minus the total of all payments theretofore made by the Authority under this Guarantee. Upon any payment by the Authority under this Guarantee, the Guarantee Amount shall be immediately and automatically reduced by the amount of such payment, except that the Guarantee Amount may be reinstated as provided in Section 9 hereof. NOTWITHSTANDING THE FOREGOING, THE GUARANTEE AMOUNT SHALL AUTOMATICALLY REDUCE TO ZERO AND THIS GUARANTEE SHALL TERMINATE ON MARCH 31, 1999, UNLESS PRIOR TO SUCH DATE LENDER HAS DELIVERED TO THE AUTHORITY UNDER SECTION 9 HEREOF A NOTICE OF DEFAULT OR A NOTICE THAT BORROWER HAS FAILED TO MAKE A PAYMENT UNDER THE LENDER LOAN DOCUMENTS ON DEMAND OF LENDER." 2.3. Section 13 of the Guarantee Agreement, entitled "Fees and Expenses of Authority", shall be amended to provide that the following fees are to be paid by the Borrower to the Authority on or before the effective date of this Fifth Amendment: (i) a pro-rated commitment fee, extension fee and penalty fee in the aggregate amount of $8,750.00, and (ii) reimbursement of all reasonable legal fees and expenses incurred by the Authority in connection with this Fifth Amendment.

Guarantee Amount. 3.1 (General liability): If a company limited by guarantee is wound up, a present or past member of the company is liable to contribute up to the agreed amount to the company’s property: (a) to pay the company’s debts and liabilities and the costs, charges and expenses of the winding up; and (b) to adjust the rights of contributories among themselves 3.2 (Past members): However, a past member will not need to contribute: (a) in respect of a debt or liability of the company contracted after the person ceased to be a member; (b) if he, she or it was not a member during the year ending on the day of the commencement of the winding up; and (c) unless it appears to an Australian court that the present members are unable to satisfy the contributions that they are liable to make under the Corporations Act

Guarantee Amount. The Developer shall maintain a Letter Of Credit as specified in Section 5.1 above in an amount (the “Guarantee Amount”) equal to the sum of five (5) years of Access Fees, plus and additional amount agreed upon in writing by an Authorized Representative of MIRA sufficient to cover the cost of decommissioning the CEF. Developer shall maintain the Letter Of Credit in the Guarantee Amount for the Term of the Development Agreement and shall maintain and/or extend or renew such Enhanced Letter Of Credit within thirty (30) days prior to any scheduled expiration date set forth in a Letter Of Credit.

Guarantee Amount. The Guarantee Amount at any given time shall be equal to the aggregate sum of $3,000,000.00 minus the total of all payments theretofore made by the Authority under this Guarantee. Upon any payment by the Authority under this Guarantee, the Guarantee Amount shall be immediately and automatically reduced by the amount of such payment, except that the Guarantee Amount may be reinstated as provided in Section 9 hereof. NOTWITHSTANDING THE FOREGOING, THE GUARANTEE AMOUNT SHALL, AUTOMATICALLY REDUCE TO ZERO AND THIS GUARANTEE SHALL TERMINATE ON JANUARY 31, 1998, UNLESS PRIOR TO SUCH DATE LENDER HAS DELIVERED TO THE AUTHORITY UNDER SECTION 9 HEREOF A NOTICE OF DEFAULT OR A NOTICE THAT BORROWER HAS FAILED TO MAKE A PAYMENT UNDER THE LENDER LOAN DOCUMENTS ON DEMAND OF LENDER."

Guarantee Amount. The Guarantee Amount at any given ---------------- time shall be equal to (i) the lesser of (a) thirty percent (30%) of the then outstanding principal balance of the Lender Loan, (b) thirty percent (30%) of the Scheduled Amortization Loan Balance as of such date and (c) $600,000, minus (ii) the total of all payments theretofore made by the Authority under this Guarantee. Upon any payment by the Authority under this Guarantee (other than payments pursuant to the Authority's cure rights described in Section 9 which are not allocated to principal on the Lender Loan), the Guarantee Amount shall be immediately and automatically reduced by the amount of such payment, except that the Guarantee Amount may be reinstated as provided in Section 9 hereof. Notwithstanding the foregoing, the Guarantee Amount shall automatically reduce to zero and this Guarantee shall terminate on November 18, 1998, unless a demand on this Guarantee is outstanding on such date; provided, however, that in the event that an Authority Cure Period is in effect on such date, the Guarantee Amount shall not reduce to zero and this Guarantee shall not terminate until forty-five (45) days after the end of such Authority Cure Period. 4. The first paragraph of Section 14 of the Guarantee is hereby deleted in its entirety and replaced with the following: Lender shall pay or cause the Borrower to pay an annual guarantee fee to the Authority on the date of closing of the Lender Loan and on each anniversary of such date, which guarantee fee shall be equal to the product of (i) the lesser of (a) the Scheduled Amortization Loan Balance on such date and (b) Two Million Dollars ($2,000,000), and (ii) the Fee Percentage. 5. All references in the Guarantee Agreement to "this Agreement," "herein," "hereof" and "hereunder" shall mean the Guarantee Agreement as amended by this Amendment.

Guarantee Amount. (1) The guarantee amount limit shall be as follows: 1. United States Dollars USD 3,917,181,871 2. UK Pound (UK POUND SYMBOL) 34,865,475 3. Japanese Yen (YEN SYMBOL) 121,877,850,000 4. Euro (EURO SYMBOL)28,083,012 5. Australian Dollars AUD 60,716,700 (2) The guarantee amount set forth in Paragraph (1) above shall be the aggregate amount of the outstanding principal balance as of the Guarantee Date (as defined below), which is specified in the Repayment Schedule of the Guaranteed Obligations attached hereto plus the amount of interest thereon to be incurred until the remaining maturity of the Guaranteed Obligations as calculated at the interest rate specified in the relevant Guaranteed Securities. If any part of the principal and interest of the Guaranteed Obligations is paid thereafter, such guarantee amount shall automatically be reduced by the sum of the outstanding principal balance repaid by such payment plus the amount of interest thereon to be incurred until the remaining maturity of the Guaranteed Obligations as calculated by the interest rate specified in the relevant Guaranteed Securities; provided, that in the event such interest rate is changed, the guarantee amount shall automatically be reduced or increased, as the case may be, and such guarantee amount shall be calculated by such changed interest rate. (3) In the event the Applicant becomes liable for the payment of any cost and expense pursuant to the Guaranteed Securities, the guarantee amount limit set forth in Paragraphs (1) above shall be deemed to have been increased by such additional amount.