Guarantee Cap Amount definition

Guarantee Cap Amount means, as of any date of determination, an amount equal to 10% of the Maximum USD Facility Amount at such time.
View Source
Guarantee Cap Amount means the maximum aggregate net amount which the EIF may be liable to pay under the Guarantee and calculated, at any relevant time, in accordance with the following formula:
View Source
Guarantee Cap Amount means the maximum amount that is covered by each relevant EaSI Guarantee as set out in the Guarantee Agreement;
View Source

Examples of Guarantee Cap Amount in a sentence

  • The fact that at any time or from time to time the Guaranteed Obligations may be increased or reduced shall not release or discharge the obligation of the Guarantor to the Guaranteed Parties with respect to the Guaranteed Obligations (but subject in all cases to the Guarantee Cap Amount limitation herein).

  • This Agreement is an irrevocable, absolute, continuing agreement by the Guarantor (but subject to the Guarantee Cap Amount limitation herein) to indemnify, save and hold the Guaranteed Parties harmless in respect of the Guaranteed Obligations and not a guaranty of collection.

  • Amounts paid by the EIF to the Financial Intermediary in excess of the Guarantee Cap Amount shall give rise to a clawback claim.

  • The obligation to pay subject to this guarantee cap will be effective until the cumulative amount of net payments made by the EIF to the Financial Intermediary ( after deduction of the ex-ante recoveries under the EaSI Guarantee, where applicable) equals the Guarantee Cap Amount, above which no further payments shall be made under the relevant EaSI Guarantee.

  • The obligation to pay subject to this guarantee cap will be effective until the cumulative amount of net payments made by the EIF to the Financial Intermediary (i.e. after deduction of the ex-ante recoveries under the EaSI Guarantee) equals the Guarantee Cap Amount, above which no further payments shall be made under the relevant EaSI Guarantee.

  • In the case of a partial de-commitment of the Guarantee Cap Amount as stated in the Guarantee Agreement, the commitment fee will be calculated on the basis of the reduced Maximum Portfolio Volume and the compliance fee may also be reduced accordingly.

  • Subject to the relevant Guarantee Rate and the Guarantee Cap Amount, the EIF would in such case rank pari passu with the Financial Intermediary with regard to loss recoveries.

Related to Guarantee Cap Amount

  • 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.

  • Guarantee Fee means the amount payable by the Issuer to the Guarantor LP on or before each Guarantor LP Payment Date pursuant to the terms of the Trust Deed, which amount shall be determined by applying the Guarantee Fee Rate to the aggregate Outstanding Principal Amount of Covered Bonds on each Guarantor LP Calculation Date, multiplying the result of that calculation by the actual number of days in the Guarantor LP Calculation Period ending on such Guarantor LP Calculation Date divided by 365 days and rounding the resultant figure to the nearest ▇▇▇▇▇ (half a ▇▇▇▇▇ being rounded upwards);

  • Subordinated Principal Distribution Amount With respect to any Distribution Date and Loan Group, an amount equal to the excess of (A) the sum, not less than zero, of (i) the Subordinated Percentage of the applicable Non-PO Percentage for such Loan Group of all amounts described in subclauses (a) through (d) of clause (i) of the definition of "Non-PO Formula Principal Amount" for such Distribution Date, (ii) with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the applicable Non-PO Percentage of the amount of the Liquidation Proceeds allocated to principal received with respect thereto remaining after application thereof pursuant to clause (ii) of the definition of Senior Principal Distribution Amount, up to the Subordinated Percentage for such Loan Group of the applicable Non-PO Percentage of the Stated Principal Balance of such Mortgage Loan, (iii) the Subordinated Prepayment Percentage of the applicable Non-PO Percentage of all amounts described in subclause (f) of clause (i) of the definition of "Non-PO Formula Principal Amount" for such Loan Group and Distribution Date, and (iv) the related Subordinated Prepayment Percentage of any Subsequent Recoveries described in clause (ii) of the definition of "Non-PO Formula Principal Amount" for such Distribution Date, over (B) the amount of any payments in respect of Class PO Deferred Amounts for the related Class PO Component on the related Distribution Date, provided, however, that on any Distribution Date after a Senior Termination Date, the Subordinated Principal Distribution Amount will not be calculated by Loan Group but will equal the amount calculated pursuant to the formula set forth above based on the applicable Subordinated Percentage or Subordinated Prepayment Percentage, as applicable, for the Subordinated Certificates for such Distribution Date with respect to all of the Mortgage Loans as opposed to the Mortgage Loans in the related Loan Group.

  • Subordinated Amount As of any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over (b) the aggregate of the Class Certificate Balances of the LIBOR Certificates as of such Distribution Date (after giving effect to the payment of the Principal Remittance Amount on such Certificates on such Distribution Date).

  • Subordination Reduction Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Net Monthly Excess Cash Flow.