Standby GIC Provider definition

Standby GIC Provider or “Standby GDA Provider” means the person appointed by the Guarantor LP or the Cash Manager (on its behalf) as such pursuant to the terms the Standby Guaranteed Investment Contract, at such time and for so long as such person is appointed Standby GIC Provider or such other person for the time being acting as standby GIC provider in accordance with the Standby Guaranteed Investment Contract;
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Examples of Standby GIC Provider in a sentence

  • RoleDBRSFitchAccount Bank & GIC Provider (LBC)A & R-1 (low) Standby Account Bank & Standby GIC Provider (RBC)A & R-1 (low) Cash Manager (LBC)BBB (low) Servicer (LBC)BBB (low) Interest Rate Swap Provider (RBC)BBB & R-2 (middle)F3 (dcr) & BBB- (dcr) ‘Covered Bond Swap Provider (RBC)BBB & R-2 (middle)F3 (dcr) & BBB- (dcr) ‘Title Holder on Mortgages for LBC and B2B BankBBB (low) B.

  • The Standby GIC Provider agrees and confirms that, unless the Standby GIC Provider is otherwise notified by the Guarantor or the Bond Trustee in accordance with the terms of this Agreement, the Cash Manager, as agent of the Guarantor, may act on behalf of the Guarantor under this Agreement.

  • The Standby GIC Provider undertakes to perform only such duties as are expressly set forth in this Agreement and to deal with the Guarantor Accounts with the degree of skill and care that the Standby GIC Provider accords to all accounts and funds maintained and held by it on behalf of its customers.

  • Notwithstanding any other provision of this Agreement, the parties agree that the Standby GIC Provider shall not be liable for any action taken by it or any of its directors, officers or employees in accordance with this Agreement except for any breach of this Agreement, its or their own gross negligence or willful misconduct, and if necessary, as determined by a court of competent jurisdiction in a final non-appealable decision.

  • RoleDBRSFitchAccount Bank & GIC Provider (LBC)A & R-1 (low) Standby Account Bank & Standby GIC Provider (RBC)A & R-1 (low) Cash Manager (LBC)BBB (low) Servicer (LBC)BBB (low) Interest Rate Swap Provider (RBC)BBB & R-2 (middle)F3 (dcr) & BBB- (dcr) ¹Covered Bond Swap Provider (RBC)BBB & R-2 (middle)F3 (dcr) & BBB- (dcr) ¹Title Holder on Mortgages for LBC and B2B BankBBB (low) B.

  • In no event shall the Standby GIC Provider be liable for (i) losses or delays resulting from force majeure, computer malfunctions, interruption of communication facilities or other causes beyond the Standby GIC Provider’s control or for indirect or consequential damages, or (ii) any loss due to any altered, forged, fraudulent or unauthorized Financial Instruments.

  • Each of the Guarantor, the Cash Manager, the Standby Account Bank and the Standby GIC Provider undertakes and agrees to notify the Bond Trustee in accordance with Article 12 promptly upon becoming aware thereof of any event which would or could entitle the Bond Trustee to serve a notice of termination pursuant to Section 7.1.

  • For greater certainty payments to the Standby Account Bank and the Standby GIC Provider rank pro rata and pari passu with each other and with payments to the asset monitor, among others in the relevant Priorities of Payments.

  • The Issuer and the Guarantor shall not amend the Priorities of Payments if such amendment negatively affects any payments (including the priority thereof) to the Standby Account Bank or the Standby GIC Provider without the consent of the Standby Account Bank or the Standby GIC Provider, as the case may be.

  • Discipline that result in the denial of your child's participation.

Related to Standby GIC Provider

  • Electric provider means any of the following:

  • Standby L/C an irrevocable letter of credit under which the Issuing Lender agrees to make payments in Dollars for the account of the Company, on behalf of the Company or any Subsidiary thereof in respect of obligations of the Company or such Subsidiary incurred pursuant to contracts made or performances undertaken or to be undertaken or like matters relating to contracts to which the Company or such Subsidiary is or proposes to become a party in the ordinary course of the Company's or such Subsidiary's business, including, without limiting the foregoing, for insurance purposes or in respect of advance payments or as bid or performance bonds or for any other purpose for which a standby letter of credit might customarily be issued.

  • Standby Fee has the meaning defined in Section 2.7.

  • Credit Provider means a Person providing Credit Link Documents, in form and substance acceptable to the Administrative Agent in its sole discretion, of the obligations of an Investor to make Capital Contributions.

  • Account Party has the meaning specified therefor in Section 2.11(h) of this Agreement.

  • Standby Letter of Credit means any Letter of Credit other than a Commercial Letter of Credit.

  • Participating Prosthetic Provider means a Prosthetic Provider who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Class B Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Local Facility Provider means HSBC Trinkaus & Xxxxxxxxx XX, Deutsche Bank AG, Commerzbank Aktiengesellschaft and Hong Kong and Shanghai Banking Corporation Ltd., Thailand, Bank of America, N.A., Canada Branch, FIA Card Services, N.A., Citibank N.A., Citibank (China) Co., Ltd., Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex, Bank of America, N.A., provided in each case it has become a party to, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, the First Lien Intercreditor Agreement in its capacity as local facility provider.

  • Standby is displayed, followed by a message stating “Bidding started”. Enter your “Start bid”.

  • Standby Letter of Credit Fee shall have the meaning assigned to such term in Section 3.5(b)(i).

  • Facility Manager The Authorized User’s representative who is responsible for the day to day operations of the facility(s) referenced in the Project Definition.

  • Liquidity Provider Ratings Event means the Liquidity Provider shall fail to maintain at any time short-term debt ratings in one of the two highest rating categories from the Requisite NRSROs.

  • Class A Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Participating Orthotic Provider means an Orthotic Provider who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Standby Letter of Credit Agreement means the Standby Letter of Credit Agreement relating to the issuance of a Standby Letter of Credit in the form from time to time in use by the L/C Issuer.

  • Replacement Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Non-Administrator Skilled Nursing Facility means a Skilled Nursing Facility which does not have an agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan but has been certified in accordance with guidelines established by Medicare.

  • Uniform Single Attestation Program for Mortgage Bankers The Uniform Single Attestation Program for Mortgage Bankers, as published by the Mortgage Bankers Association of America and effective with respect to fiscal periods ending on or after December 15, 1995.

  • Local education provider means a school district, a

  • Non-Participating Prosthetic Provider means a Prosthetic Provider who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Administrative User means any of Your employees, consultants, independent contractors or customers to whom You grant administrative permission to access the Services in accordance with Company’s entitlements and procedures and this Agreement (where “administrative permission” includes, but is not limited to, the right to create, modify and delete User accounts, as well as the right to access and modify Your billing information and other functionality available through Company’s administrative control panel).

  • Non-Administrator Dialysis Facility means a Dialysis Facility which does not have an agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan but has been certified in accordance with the guidelines established by Medicare.

  • Level 3 means Level 3 Communications, Inc., a Delaware corporation.

  • Issuing agency means an organization responsible for assigning a globally unique identifier to an enterprise, as indicated in the Register of Issuing Agency Codes for ISO/IEC 15459, located at http://www.aimglobal.org/?Reg_Authority15459.

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.