IIFCL Guarantee Fee definition

IIFCL Guarantee Fee shall have the meaning specified in the IIFCL Guarantee Agreement;
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IIFCL Guarantee Fee means in respect of each IIFCL Guarantee Fee Payment Date, an amount calculated in accordance with the following: (IIFCL Available Residual Guarantee Amount + IIFCL Net Guarantee Amount Paid) x IIFCL Guarantee Fee Rate x (Number of Days ÷ number of calendar daysin the calendar year for which the relevant IIFCL Guarantee Fee is being calculated). Provided that the amount of the IIFCL Guarantee Fee to be paid by the Issuer on the IIFCL Guarantee Effective Date shall be reduced by the amount of the Upfront Fee.
Sample 1
IIFCL Guarantee Fee means in respect of each IIFCL Guarantee Fee Payment Date, an amount calculated in accordance with the following: (IIFCL Available Residual Guarantee Amount + IIFCL Net Guarantee Amount Paid) x IIFCL Guarantee Fee Rate x (Number of Days ÷ number of calendar days in the calendar year for which the relevant IIFCL Guarantee Fee is being calculated). Provided that the amount of the IIFCL Guarantee Fee to be paid by the Issuer on the IIFCL Guarantee Effective Date shall be reduced by the amount of the Upfront Fee.
Sample 1

Examples of IIFCL Guarantee Fee in a sentence

  • Failure by the Issuer in the payment, when due, of the IIFCL Guarantee Fee within [•] of any IIFCL Guarantee Fee Payment Date.

  • In the event of any dispute between the Issuer and the Guarantor in respect of the amount of the IIFCL Guarantee Fee, the amount specified in the invoice delivered by the Guarantor shall be binding on the Issuer and the Debenture Trustee and such amount specified shall be due and payable on such IIFCL Guarantee Fee Payment Date and the Issuer shall make payment thereof without deduction, notwithstanding any such dispute.

  • The Guarantor shall deliver an invoice to the Issuer (with a copy to the Debenture Trustee and the Backstop Guarantor) specifying the amount of the IIFCL Guarantee Fee due and payable, provided that the delivery of (or failure to deliver) a statement of calculation by the Issuer or a failure or delay in delivering the invoice by the Guarantor shall be without prejudice to the obligation of the Issuer to make payment of the IIFCL Guarantee Fee on each such payment date.

  • More than one Shortfall Instruction may be made, during the IIFCL Guarantee Term, provided that under no circumstances shall more than one Shortfall Instruction be made during or in respect of any IIFCL Guarantee Fee Calculation Period, except in relation to a Shortfall Instruction made pursuant to Acceleration.

  • The Issuer shall pay to the Guarantor, the IIFCL Guarantee Fee monthly (or as otherwise required in accordance with the terms of the Counter-Indemnity) in advance, on each IIFCL Guarantee Fee Payment Date or on such other dates as may be required in accordance with the terms of the Counter-Indemnity and in the manner specified in the Trust and Retention Account Agreement.

  • The Guarantor shall, on or before the first IIFCL Guarantee Fee Payment Date, deliver an invoice to the Issuer showing the amount of the IIFCL Guarantee Fee, it considers shall be due and payable on such first payment date.

Related to IIFCL Guarantee Fee

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

  • 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.

  • Subsidiary Guarantee Agreement means the Subsidiary Guarantee Agreement, substantially in the form of Exhibit I, made by the Subsidiary Guarantors in favor of the Collateral Agent for the benefit of the Secured Parties.

  • 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.

  • Subsidiary Guaranty Agreement means each unconditional guaranty agreement executed by the Subsidiary Guarantors in favor of the Administrative Agent for the ratable benefit of the Secured Parties, substantially in the form of Exhibit H, as amended, restated, supplemented or otherwise modified from time to time.

  • Guarantee Agreement means this Guarantee Agreement, as modified, amended or supplemented from time to time.

  • guarantee contract means a contract entered into by a person as guarantor;

  • Guarantee Agreements means the Parent Guarantee Agreement and the Subsidiary Guarantee Agreement.

  • Guaranty Agreement means a supplemental indenture, in a form satisfactory to the Trustee, pursuant to which a Subsidiary Guarantor guarantees the Company’s obligations with respect to the Securities on the terms provided for in this Indenture.

  • Guarantee and Security Agreement means that certain Guarantee, Pledge and Security Agreement, dated as of the Effective Date, among the Borrower, the Subsidiary Guarantors, the Administrative Agent, each holder (or a representative, agent or trustee therefor) from time to time of any Secured Longer-Term Indebtedness, and the Collateral Agent.

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • 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.

  • Additional Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Subsidiary Guaranties means the Domestic Subsidiary Guaranty and each Foreign Subsidiary Guaranty.

  • Guarantee Priority of Payments means the priority of payments relating to moneys received by the Cash Manager for and on behalf of the Guarantor and moneys standing to the credit of the Guarantor Accounts, to be paid on each Guarantor Payment Date in accordance with the Guarantor Agreement.

  • Swap Guarantor If so specified in the Supplement with respect to any Series, the guarantor specified as such in such Supplement.

  • Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by a Reference Entity in respect of an Underlying Obligation of a Downstream Affiliate of that Reference Entity.

  • Guarantee and Collateral Agreement the Guarantee and Collateral Agreement to be executed and delivered by the Borrower and each Subsidiary Guarantor, substantially in the form of Exhibit A, as the same may be amended, supplemented or otherwise modified from time to time.

  • Permitted Guarantees means any guarantee:

  • Parent Guarantee means the guarantee of payment of the Securities by the Parent Guarantor pursuant to the terms of this Indenture.

  • VA Loan Guaranty Agreement means the obligation of the United States to pay a specific percentage of a Mortgage Loan (subject to a maximum amount) upon default of the Mortgagor pursuant to the Servicemen’s Readjustment Act, as amended.

  • Original Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Foreign Guaranty means a Corporate Guaranty provided by an Affiliate of a Participant that is domiciled in a foreign country, and meets all of the provisions of Tariff, Attachment Q. Form 715 Planning Criteria: “Form 715 Planning Criteria” shall have the same meaning provided in the Operating Agreement.

  • Guarantee Period /’Maintenance Period’ shall mean the period during which the Contractor shall remain liable for repair or replacement of any defective part of the works performed under the contract.

  • Performance Bank Guarantee/ Security Deposit means interest free amount to be deposited by the Contractor with NMRC as per terms and conditions of Contract Agreement as a security against the performance of the Contract agreement

  • Guaranty Agreements means, collectively, the Parent Guaranty Agreements and the Subsidiary Guaranty Agreements.