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.
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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:
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Guarantee Cap Amount means the maximum amount that is covered by each relevant EaSI Guarantee as set out in the Guarantee Agreement;
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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.