Guarantee Limit definition

Guarantee Limit means the amount as defined by the Insurance Partner, in relation to any Buyer, defining the extent of allowance with respect to the credit guarantee.

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Guarantee Limit means, at any time, with respect to a Limited Guarantor and a Guaranteed Party, the lower of (i) the amount payable by such Limited Guarantor to Party B at that time under the Agreement and the Principal Agreements and (ii) the amount payable by Party B to the Guaranteed Party under the Agreement and the Principal Agreements.

Guarantee Limit shall have the meaning provided in Section 1.02(b) of the Reimbursement Agreement.

Examples of Guarantee Limit in a sentence

• Each Guarantor hereby binds and obligates itself, and its permitted successors and assignees, for performance of the Guaranteed Obligations according to the terms hereof, whether or not the Guaranteed Obligations or any portion thereof are valid now or hereafter enforceable against the Borrower or shall have been incurred in compliance with any of the conditions applicable thereto, subject, however, in all respects to the Guarantee Limit and the other limitations set forth in paragraph 1.

• SPS-EFT shall reimburse MERCHANT per Schedule, up to the Guarantee Limit, as measured from the date of verification of non-payment, subject to MERCHANT’s compliance with all of the terms and conditions contained in this Agreement or any of SPS-EFT’s other published instructions.

• Passenger is ineligible for multiple remunerations under the Service Satisfaction Guarantee Limit of Liability for the same Mishandled Baggage, even if multiple Service Agreements are purchased.

• Remuneration of the Service Satisfaction Guarantee Limit of Liability for Mishandled Baggage is limited to two (2) bags per person.

• If the Baggage Retrieval service is not successful and the Passenger’s Mishandled Baggage is not returned, per these terms and conditions, within the Service Period, Provider shall pay the Passenger in accordance with the Service Satisfaction Guarantee Limit of Liability.

More Definitions of Guarantee Limit

Guarantee Limit means the amount of the Performance Guarantee at the relevant time (being US$300,000,000 on the date of this Guarantee), multiplied by the Guarantee Proportion.

Guarantee Limit has the meaning given to that term in the Guarantee. "Guarantor Agent" has the meaning given to that term in the Guarantee.‌

Guarantee Limit. The Tranche B Lenders' Commitments in relation to the Tranche B[G] Facility shall proportionately be reduced in accordance with the EDB Loan Repayment Schedule such that the Maximum Amount of the EDB Guarantee shall at all times correspond or be equal to the aggregate of the principal amount up to an amount not exceeding S$240,000,000, interest on such principal amount for a six month period and default interest in an aggregate amount of up to S$10,000,000.

Guarantee Limit. The aggregate maximum amount shall not exceed RMB3.3 billion. Within forty-eight (48) months, the actual use of debt financing principal by ▇▇▇▇ ▇▇▇▇▇▇ shall not exceed RMB3 billion per month. Actual use of debt financing means the accounting balance of the total borrowings of Wuxi Guojin which is in aggregation of (i) the amount of external financing from banks and financial institutions which is guaranteed by the Vendor Group, and (ii) the amount of direct financing provided by the Vendor Group. To the best of the Directors’ knowledge, information and belief and having made all reasonable enquiries, the guarantee limit was determined on arm’s length negotiation between the parties based on the expected business scale of ▇▇▇▇ ▇▇▇▇▇▇. Guarantee Fee: If ▇▇▇▇ ▇▇▇▇▇▇ obtains external financing from a third party and the Vendor Group Guarantee is provided in respect of such repayment obligations, ▇▇▇▇ ▇▇▇▇▇▇ shall pay the Vendor Group a guarantee fee which is 0.5% per annum of the weighted average balance of guaranteed debt principal utilised by ▇▇▇▇ ▇▇▇▇▇▇. The accrued guarantee fee shall be payable on annual basis, i.e., on or before 30th December each year within the term of guarantee. A number of factors have been considered in setting the guarantee fee rate, including but not limited to (i) the prevailing market rate in respect of the provision of corporate guarantees to connected persons in the PRC; (ii) the size of the Vendor Group Financing and the Vendor Group Guarantee under the Guarantee Agreement; and (iii) the credit worthiness of Wuxi Guojin and the Group. To the best of the Directors’ knowledge, information and belief and having made all reasonable enquiries, the guarantee fee rate was determined on arm’s length negotiation between the parties.

Guarantee Limit means the Tranche B Commitments under the Tranche B[G] Facility as from time to time reduced by the aggregate amounts of principal repaid or prepaid by the Borrower to EDB;

Guarantee Limit or “Limit 2” means an amount specified in the Agreement up to which the Customer may submit Guarantee Applications or orders to change Guarantee conditions to the Bank, excluding the Guarantees which do not specify their expiry date.The payment of the Indemnity Claim or the expiry of the Bank’s obligation under an Active Guarantee for other reasons reduces the Limit 2 Utilisation Amount and enables Limit 2 to be utilised again during the Availability Period.

Guarantee Limit means, in relation to each demand under this Guarantee, a maximum amount which can be claimed from each Authority in respect of such demand, which in respect of each Authority shall be equal to: 1 TBC whether Contribution Loans should be expressly excluded.