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 Act 2008; HS Act means the Health and Safety at Work etc. Act 1974;
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Examples of Guarantee Funds in a sentence

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

  • Upon the District's Probationary Acceptance of the Public Improvements, the Developer may substitute a letter of credit for the remaining unreleased Financial Guarantee Funds the District is holding for the two-year warranty period, as described in the Improvement Agreement, in a form and from a financial institution acceptable to the District.

  • The District may draw on the Financial Guarantee Funds at any time, including during the warranty period, to correct any problems with the Public Improvements not corrected by the Developer, as provided by the Improvement Agreement.

  • 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%).

  • In deciding whether you have sufficient funds, the ▇▇▇▇▇ will take account of any instructions to make payments and regular payments which have not yet been paid from your ▇▇▇▇ ▇▇▇▇▇ Loan, Shares, Deposits, Loan Guarantee Funds.

  • 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: 100% of completed construction, upon obtaining Probationary Acceptance of the Public Improvements, will return an amount equal to 100% of the Estimated Costs.

  • In order to secure the performance and completion of the Public Improvements, the Developer agrees to deposit with the District the sum of Nineteen Thousand Thirty-Six and 80/100 Dollars ($ 19,036.80 ) (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.

  • Where a higher interest rate of Loan, Shares, Deposits, Loan Guarantee Funds has been agreed, the ▇▇▇▇▇ may charge such higher rate on any of your accounts.

Related to Guarantee Funds

  • 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);

  • 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 Payment means any payment made by a Guarantor pursuant to a Guarantee Agreement in respect of a Trust Student Loan.

  • Guarantee Payments means the following payments or distributions, without duplication, with respect to the Preferred Securities, to the extent not paid or made by the Issuer: (i) any accrued and unpaid Distributions (as defined in the Declaration) that are required to be paid on such Preferred Securities to the extent the Issuer shall have funds available therefor, (ii) the redemption price, including all accrued and unpaid Distributions to the date of redemption (the "Redemption Price") to the extent the Issuer has funds available therefor, with respect to any Preferred Securities called for redemption by the Issuer, and (iii) upon a voluntary or involuntary dissolution, winding-up or termination of the Issuer (other than in connection with the distribution of Debentures to the Holders in exchange for Preferred Securities as provided in the Declaration), the lesser of (a) the aggregate of the liquidation amount and all accrued and unpaid Distributions on the Preferred Securities to the date of payment, to the extent the Issuer shall have funds available therefor, and (b) the amount of assets of the Issuer remaining available for distribution to Holders in liquidation of the Issuer (in either case, the "Liquidation Distribution"). If an event of default under the Indenture has occurred and is continuing, the rights of holders of the Common Securities to receive payments under the Common Securities Guarantee Agreement are subordinated to the rights of Holders of Preferred Securities to receive Guarantee Payments.

  • Guaranty fund means the fund established by a local entity under Section 11-42-701.