State Guarantee. The guarantees (Ausfallbürgschaften) issued by the Federal Republic of Germany (for 48 % of the aggregate amount of Advances under Tranches A and B) and the State of Sachsen-Anhalt (for 32 % of the aggregate amount of Advances under Tranches A and B) issued in the form attached to this Agreement as Schedule 10 (State Guarantee) in favour of the Lenders with respect to this Agreement including the “Allgemeinen Bestimmungen für Bürgschaftsübernahmen durch die Bundesrepublik Deutschland (Bund) und parallel bürgende Bundesländer” (General Conditions for the issuing of guarantees by the Federal Republic of Germany and Länder).
State Guarantee means the state-guaranteed obligation of a grantor of state guarantees, which arises from the written guarantee contract entered into between the grantor of state guarantees and the guarantee holder and complies with the conditions of subsection 8 (4) of this Act, to pay the debt of the debtor arising from a
State Guarantee means the property obligation of the State to repay a debt wholly or in part and to pay interest on the debt or part thereof to be repaid to a domestic or foreign creditor for a borrower the discharge of obligations whereof is guaranteed by the State in the event of this borrower’s full or partial default on obligations under a loan agreement or other debt instruments.
Examples of State Guarantee in a sentence
No State Guarantee shall be revoked by the Authority without a 90-day notice, in writing, to all parties.
However, due to the relatively small size of the State Guarantee Fund in relation to the Fund’s total coverage, total recovery of insured losses may not be available.
In addition, the borrower must certify to the Authority that, at the time the State Guarantee is provided, the borrower will not be delinquent in the repayment of any debt.
The lender is responsible for the first 15% of the outstanding principal of the note for which the State Guarantee has been applied.
Also, the State of Wisconsin has a State Guarantee Fund which provides a maximum of $400,000 per public depository above the amount provided by an agency of the U.S. Government.
More Definitions of State Guarantee
State Guarantee. The guarantee (Ausfallbürgschaft) issued or to be issued by the Guarantor (for 80% of the aggregate amount of all Advances under the Facility) in the form attached to this Agreement as Schedule 6 (State Guarantee) in favour of the Lenders with respect to this Agreement including the general conditions for state guarantees of the State of Saxony-Anhalt (“Allgemeine Bestimmungen für Landesbürgschaften zur Wirtschaftsförderung des Xxxxxx Sachsen-Anhalt vom 10. Mai 2007 (Runderlass des Ministeriums der Finanzen des Xxxxxx Sachsen-Anhalt vom 10. Mai 2007 – 34 – 32901)”, the directive in relation to guarantees as regional subsidies for investment credits (Richtlinien für Bürgschaften als Regionalbeihilfen für Investitionskredite) dated 8 October 2007 (Runderlass des Ministeriums der Finanzen vom 8. Oktober 2007 – 34 – 32901)” and the guarantee decision (Bürgschaftsentscheidung) (letters dated 15 November 2011/19 December 2011).
State Guarantee means the guarantee(s) provided by the State of North Rhine-Westphalia in accordance with the Guarantee Decision for the payment obligations of the Borrowers under tranches A and B up to a maximum limit of 80% of any default under these tranches.
State Guarantee the guarantee, in substantially the form of Exhibit I, executed by the State Guarantor, the Administrative Agent, Holdings and the Borrower.
State Guarantee has the meaning set out in the Recitals, Section C.
State Guarantee. 3 means the property liability of the State to repay the entire state-sponsored loan granted to the borrower observing the procedure laid down in the Procedure and Agreement on the terms of state-sponsored loans and State guarantee and to pay the interest on the repayable state-sponsored loan, except for additional interest established by the credit institution and/or interest on arrears and other penalties or other payments due to the borrowers’ failure to (properly) fulfil their obligations (hereinafter – the interest) if the borrower fails to repay the state-sponsored loan or part of it within the time limit laid down in the Agreement on state-sponsored loan, and/or to pay the interest or part of it, as well as in case of the borrower’s death, or if the credit institution requests that the borrower immediately repay both the entire state-sponsored loan or part of it and the interest accrued on the state- sponsored loan on the loan repayment day which has not been paid in the case specified in the Agreement on the terms of state-sponsored loans and State guarantee.
State Guarantee means a note held by a person for which the State of Illinois shall be liable of 85% of the total principal and interest of the note as determined by the Authority.