Guaranteed Pool definition

Guaranteed Pool means a Dividend Pool where TAB commits to underwrite a Dividend Pool to be a specified minimum amount when betting closes on that Dividend Pool. Funds (the Guaranteed Pool Shortfall) may be transferred from the Code Prize Reserve Pool in order to bring that Dividend Pool up to the specified minimum amount.
View Source
Guaranteed Pool means, with respect to a Fiscal Year, 60% of the Total Pool.
View Source

Examples of Guaranteed Pool in a sentence

  • The foregoing limitation shall not in any way limit the obligation of the Sponsor with respect to the Guaranteed Obligations relating to the Fully Guaranteed Pool or any obligation of the Sponsor to purchase the Loans and assume the Loan Commitments relating thereto upon the occurrence of a Credit Event without regard to any limitations set forth in this Article VIII.

  • The Sponsor shall also have the right to move any Loan placed in the Fully Guaranteed Pool pursuant to this Section 4.6(b) from the Fully Guaranteed Pool and into the Limited Guaranty Pool at any time by delivering written notice thereof to the Servicer.

  • The foregoing limitation shall not in any way limit the obligation of the Parent Guarantor with respect to the Franchisee Facility Guaranteed Obligations relating to the Fully Guaranteed Pool or any obligation of the Parent Guarantor to purchase the Franchisee Loans and assume the Franchisee Loan Commitments relating thereto upon the occurrence of an Event of Default without regard to any limitations set forth in this Agreement.

  • The Borrower shall also have the right to move any Franchisee Loan placed in the Fully Guaranteed Pool pursuant to this Section 3.16(b) from the Fully Guaranteed Pool and into the Limited Guaranty Pool at any time by delivering written notice thereof to the Servicer.

  • The foregoing limitation shall not in any way limit the obligation of the Sponsor with respect to the Guaranteed Obligations relating to the Fully Guaranteed Pool or any obligation of the Sponsor to purchase the Loans upon the occurrence of a Credit Event.

  • Section 7.1 of the Loan Facility Agreement is hereby amended by adding the following new sentence to the end of the last paragraph thereof: The Sponsor hereby acknowledges and agrees that the acceleration of the Loans pursuant to clause (y) above immediately moves such Loans from the Limited Recourse Pool to the Fully Guaranteed Pool and that at all times after such acceleration all such Loans shall be deemed to be part of the Fully Guaranteed Pool.