Guarantee Reserve definition

Guarantee Reserve means an account maintained by USA Funds for the Guarantee of Loans and payment of claims in accordance with the terms of this Agreement.
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Guarantee Reserve means the amount of funds the insurance company must have in order to provide for permanent fulfillment of obligations, which cannot be lower than the calculated solvency margin;
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Guarantee Reserve means an account established under Section 422A of the Act and maintained by the Authority for the guarantee of loans and payment of claims in accordance with the terns of this Agreement.
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Examples of Guarantee Reserve in a sentence

  • As partial payment for the administrative services provided by USA Funds for the Lender and in order for USA Funds to maintain a Guarantee Reserve sufficient to Guarantee Loans in accordance with this Agreement USA Funds will charge to the Lender and the Lender may charge each Borrower a Guarantee Fee which fee shall not exceed the amount allowable under the Loan Program.

  • Upon such payment, the amount of the Series G Guarantee Reserve shall be reduced by the amount of such payment and such payment shall be deemed a Revolving Loan hereunder and part of the Obligations, notwithstanding the existence of any Event of Default or the failure of any other condition precedent.

  • The Guarantee Reserve of USA Funds will be held, maintained, and invested solely in accordance with the prevailing standards of prudent management in the disposition of funds required for fiduciaries by Title 12, Section 3302 of the Delaware Code of 1953, as amended.

  • As partial payment for the administrative services provided by USA Funds for the Lender and in order for USA Funds to maintain a Guarantee Reserve sufficient to Guarantee Loans in accordance with this Agreement, USA Funds may charge to the Lender a Guarantee Fee, which fee shall not exceed the amount allowable under the Act.

  • Lender consents to the management of the Guarantee Reserve pursuant to the investment policies and procedures adopted by USA Funds from time-to-time.

  • Guarantee Reserve shall be the accumulation of fund originated from the net profit allocation of Clearing and Guarantee Institution in the form of cash or cash equivalent used to conduct Securities Exchange Transaction Settlement Guarantee by the Clearing and Guarantee Institution as provided in Article 1 Number 3 of Otoritas Jasa Keuangan Regulation Number 26/POJK.04/2014 regarding Securities Exchange Transaction Settlement Guarantee.

  • The Guarantee Reserve of USA Funds will be held, maintained, and invested solely in accordance with the prevailing standards of prudent management in the disposition of funds required of fiduciaries by Title 12, Section 3502 of the Delaware Code of 1993, as amended.

  • The Guarantee Reserve of USA Funds will be held, maintained, and invested solely in accordance with the prevailing standards of prudent management in the disposition of funds required of fiduciaries by Title 12, Section 3302 of the Delaware Code of 1953, as amended.

  • If conversions of policies from Guarantee Reserve Life Insurance Company to The Insurance Company do not exceed **** dollars ($****) in aggregate premium within twelve (12) months after each such conversion, then Administrator may negotiate a reimbursement charge.

  • The Authority is obligated to make payments under this Agreement solely from the revenues or other funds of the Guarantee Reserve.


More Definitions of Guarantee Reserve

Guarantee Reserve. The fund established by the Authority for the purpose of providing for the payment of any defaulted notes under the Maine Guaranteed Student Loan Program pursuant to authority in 20-A MRSA 11403.
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Related to Guarantee Reserve

  • Guarantee Requirement means, at any time, the requirement that:

  • Collateral and Guarantee Requirement means, at any time, the requirement that:

  • Additional Collateral Documents as defined in the Base Intercreditor Agreement.

  • U.S. Collateral Agreement means the U.S. Guarantee and Collateral Agreement, as amended, supplemented or otherwise modified from time to time, in the form of Exhibit E, among Holdings, Intermediate Holdings, the U.S. Borrower, each Domestic Subsidiary Loan Party and the Collateral Agent.

  • Senior Collateral Documents means the Security Agreement and the other “Collateral Documents” as defined in the Credit Agreement, the First Lien Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Parent Borrower or any other Grantor for purposes of providing collateral security for any Senior Obligation.