Guarantee Funds definition

Guarantee Funds means funds provided by an ancillary system's participants, to be used in the event of the failure, for whatever reason, of one or more participants to meet their payment obligations in the ancillary system.
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Guarantee Funds means funds provided by participants of an AS, to be used in the event of the failure, for whatever reason, of one or more participants to meet their payment obligations in the AS;
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Guarantee Funds means finance made available pursuant to or in connection with the Housing Guarantee Scheme or the 2013-15 Affordable Homes Guarantees Programme; Help to Buy means the suite of low cost home ownership products designed to help people who cannot afford to buy homes generally available in the open market within the relevant local area; Help to Buy Agency Agreement means an agreement entered into between the Grant Recipient and the Help to Buy Agent in whose Area a Firm Scheme is located and pursuant to which the Help to Buy Agent undertakes such roles or activities as the Agency may prescribe from time to time including inter alia the provision of a one stop service to qualifying applicants enquiring and applying for home ownership, marketing, the provision of lists of qualifying applicants to grant recipients and provision of information in respect of such services; Help to Buy Agent means a body appointed by the Agency to undertake such roles or activities as the Agency may prescribe for Help to Buy Agents from time to time; Housing Guarantee Scheme means the Housing Guarantee Scheme (Private Rented Sector) and Housing Guarantee Scheme (Affordable Housing) described respectively in the "Housing Guarantee Scheme Rules – Private Rented Sector" and "Housing Guarantee Scheme Rules – Affordable Housing" issued by the Department for Communities and Local Government in February 2013; HRA 2008 means the Housing and Regeneration Xxx 0000; HS Act means the Health and Safety at Work etc. Xxx 0000;
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Examples of Guarantee Funds in a sentence

  • The Government will continue to offer 1% additional employer contribution for members of Superannuation Guarantee Funds who choose to contribute at least 3% of their fortnightly Ordinary Time Earnings to their nominated superannuation fund each pay through the ACT Government’s payroll system.

  • All Financial Guarantee Funds shall be deposited in the District's General Fund.

  • The District shall not be required to pay the Developer any interest on the Financial Guarantee Funds.

  • Members of Superannuation Guarantee Funds are currently receiving 10.5% (9.5% Super guarantee + the current additional employer contribution of 1%).

  • The Clearing Center shall notify the Clearing Participant of the amendments and supplements to the Clearing Rules and Guarantee Funds Provisions not later than 15 (fifteen) days prior to their effective date by publishing the new versions on the Internet at xxx.xxx.xx.

  • If the Clearing Center defaults on its obligations under the present Agreement, the Clearing Rules or the Guarantee Funds Provisions, the Clearing Center shall reimburse the Clearing Participant for the incurred losses.

  • A surcharge of 3% of the total cost will be levied to cover state government taxes, duties, vehicle registration recovery and administration costs.

  • The Government will continue to offer 1% additional employer contribution for members of Superannuation Guarantee Funds who choose to contribute at least 3% of their fortnightly Ordinary Time Earnings to their nominated superannuation fund each pay through the ACT Government’s.

  • In order to secure the performance and completion of the Public Improvements, the Developer agrees to deposit with the District the sum of one hundred five thousand, seven-hundred sixty-two dollars and sixty cents ($105,762.60) (the "Financial Guarantee Funds"), which represents one hundred twenty percent (120%) of the District approved engineer’s estimated costs (the “Estimated Costs”) of the Public Improvements.

  • During the construction of the Public Improvements, the District will release and return the Financial Guarantee Funds in the following completion percentages, as determined complete by the District Engineering Inspector: 1st Release = 25% of completed construction will return an amount equal to 25% of the Estimated Costs.

Related to Guarantee Funds

  • 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.

  • 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.

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent before the Issue Date in respect of a first priority pledge over the Escrow Account and all funds standing to the credit of the Escrow Account from time to time, granted in favour of the Agent and the Holders (represented by the Agent).

  • 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.

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

  • Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or prior to the First Issue Date in respect of a first priority pledge over the Proceeds Account and all funds held on the Proceeds Account from time to time, granted in favour of the Agent and the Bondholders (represented by the Agent).

  • Guarantee means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning.

  • Financing Accounts means, collectively, the Credit Account and the Grant Account (or, where the context so requires, either of the Credit Account or the Grant Account).”

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