Guarantee Payment definition

Guarantee Payment means any payment made by a Guarantor pursuant to a Guarantee Agreement in respect of a Trust Student Loan.

Guarantee Payment means, the amount, if any, by which (A) the Class B-2 Formula Distribution Amount for such Remittance Date exceeds (B) the Remaining Amount Available.

Guarantee Payment shall have the meaning assigned to such term in Section 7.12(b).

Examples of Guarantee Payment in a sentence

• If the Guarantor fails to make a Guarantee Payment, a Holder may directly institute a proceeding against the Guarantor for enforcement of the Guarantee for such payment to such Holder, and the amount of the payment will be based on the Holder’s pro rata share of the amount due and owing on all of the Securities.

• If in the judgment of Manhattan Beach USD, Manhattan Beach USD would benefit from additional energy services or energy saving retrofits, Manhattan Beach USD and Chevron Energy Solutions may mutually agree that Chevron Energy Solutions will provide such services or retrofits in lieu of the Guarantee Payment for such Measurement Period.

• If Chevron Energy Solutions has provided services or retrofits in lieu of the Guarantee Payment for a prior Measurement Period, such that the Guarantee Payment for such Measurement Period cannot be repaid by Manhattan Beach USD, then in lieu of such repayment Excess Savings will be increased by the deemed value of such services or retrofits.

• For any Measurement Period in which there is a Guarantee Shortfall, Chevron Energy Solutions will pay to Manhattan Beach USD, within thirty (30) calendar days after the acceptance by Manhattan Beach USD of the Energy Savings Report for such Measurement Period, the Guarantee Payment for that Measurement Period.

• The Guarantor’s obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders or by causing the Trust to pay such amounts to the Holders.

More Definitions of Guarantee Payment

Guarantee Payment means any payment made by the FDIC under the Program with respect to Senior Unsecured Debt of the Issuer.

Guarantee Payment. As to any Remittance Date, the amount, if any, by which (a) the Class B-2 Formula Distribution Amount for such Remittance Date exceeds (b) the Remaining Amount Available.

Guarantee Payment means any payment made by a Guaranty Agency pursuant to a Guarantee Agreement in respect of a Financed Student Loan.

Guarantee Payment means, for any Measurement Period, either: (i) a cash payment by ENGIE Services U.S. to District in an amount equal to the Guarantee Shortfall for that Measurement Period pursuant to this Attachment E, Section (II)(A)(ii); or (ii) additional energy services or energy saving retrofits requested by District with an agreed value equal to the Guarantee Shortfall for that Measurement Period pursuant to this Attachment E, Section (II)(A)(iii).

Guarantee Payment. As to any Remittance Date and the Group I Certificates, the amount, if any, by which (a) the Class I B-2 Formula Distribution Amount for such Remittance Date exceeds (b) the Group I Remaining Amount Available. As to any Remittance Date and the Group II Certificates, the amount, if any, by which (a) the Class II B-3 Formula Distribution Amount for such Remittance Date exceeds (b) the Group II Remaining Amount Available.

Guarantee Payment has the meaning set forth in Section 6.4.

Guarantee Payment with respect to a Fund shall mean an amount equal to (i) the aggregate of the Designated Shareholder Amounts for such Fund minus (ii) (A) the amount of cash and other assets distributed by the Fund, if any, including amounts distributed as income or gains, to the Designated Shareholders with respect to Designated Shares since the date of the Guarantee Event and (B) the amount of cash and other assets held by the Fund on the Payment Date (other than cash or other assets held in reserve to meet the Fund’s disclosed liabilities as set forth on the Certificate of Liquidation and Disbursement required by Section 7) that is designated by the Fund or its agent for distribution to the Designated Shareholders upon the liquidation of the Fund. For the purposes of clarity, the amount in clause (ii) shall be determined without giving effect to the Guarantee Payment. The Guarantee Payment shall in no event exceed the amount available for payment within the ESF on the Payment Date, as determined by the Treasury in its sole and absolute discretion, which amount may be further adjusted as set forth in Section 2(f).