Eligible Guarantor Definition: 228 Samples | Law Insider (2024)

Eligible Guarantor

means an entity that (A) has credit ratings at least equal to the Approved Ratings Threshold or (B) has credit ratings at least equal to the Required Ratings Threshold, provided, for the avoidance of doubt, that an Eligible Guarantee of an Eligible Guarantor with credit ratings below the Approved Ratings Threshold will not cause a Collateral Event (as defined in the Credit Support Annex) not to occur or continue.

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Eligible Guarantor

means an entity that has credit ratings at least equal to the Moody's Required Ratings Threshold and .

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Eligible Guarantor

means a party that has agreed to guarantee the obligations of Party A under this Agreement, where such guarantee complies with S&P's applicable guarantee criteria as set out in "Structured Finance Ratings: European Legal Criteria 2005" (or such other guarantee criteria as amend or replace "Structured Finance Ratings: European Legal Criteria 2005" prior to the entry of the guarantor into such guarantee).

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Examples of Eligible Guarantor in a sentence

  • Dated: Signature(s) Signature(s) must be guaranteed by an Eligible Guarantor Institution with membership in an approved signature guarantee program pursuant to Rule 17Ad-15 under the Securities Exchange Act of 1934.

  • Endorsem*nts on certificates or signatures on separate written instruments of transfer or exchange required by this Instruction 3 must be guaranteed by an Eligible Guarantor Institution.

  • If shares of Common Stock or Securities are to be registered in the name of a Person other than the undersigned, (a) the undersigned will pay all transfer taxes payable with respect thereto and (b) signature(s) must be guaranteed by an Eligible Guarantor Institution with membership in an approved signature guarantee program pursuant to Rule 17Ad-15 under the Securities Exchange Act of 1934.

  • In all other cases, an Eligible Guarantor Institution must guarantee the signature(s) on this Letter of Transmittal.

  • Your Signature: (Sign exactly as your name appears on the face of this Note) Date: Signature Guarantee The signature(s) should be Guaranteed by an Eligible Guarantor Institution pursuant to Rule 17Ad-15 of the Securities Exchange Act of 1934, as amended.


More Definitions of Eligible Guarantor

Eligible Guarantor

means an entity that (A) has credit ratings from S&P at least equal to the and (B) has credit ratings from Moody’s at least equal to the Moody’s Second Trigger Ratings Threshold; provided, for the avoidance of doubt, that an Eligible Guarantee of an Eligible Guarantor with credit ratings below the or the Moody’s First Trigger Ratings Threshold, as applicable, will not cause a Collateral Event (as defined in the Credit Support Annex) to cease to occur or continue.

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Eligible Guarantor

means, with respect to Fitch, an entity having a credit rating equal to at least the First Trigger Required Rating.

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Eligible Guarantor

means an entity that has credit ratings at least equal to the Moody’s Required Ratings Threshold and .

Eligible Guarantor

means an entity that (A) has credit ratings from S&P at least equal to the and (B) has credit ratings from Moody's at least equal to the Moody's Second Trigger Ratings Threshold, provided, for the avoidance of doubt, that an Eligible Guarantee of an Eligible Guarantor with credit ratings below the Moody's First Trigger Ratings Threshold will not cause a Collateral Event (as defined in the Credit Support Annex) not to occur or continue with respect to Moody's.

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Eligible Guarantor

means, an entity who is an .

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Eligible Guarantor

means an entity that (A) has credit ratings from S&P at least equal to the the , and (B) has credit ratings from Moody’s at least equal to the Moody’s Second Trigger Ratings Threshold, provided, for the avoidance of doubt, that an Eligible Guarantee of an Eligible Guarantor with credit ratings below the Moody’s First Trigger Ratings Threshold will not cause a Collateral Event (as defined in the Credit Support Annex) not to occur or continue with respect to Moody’s.

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Eligible Guarantor

means an entity that has credit ratings at least equal to the Required Ratings Threshold. An Eligible Guarantor shall provide to Party B in writing all credit ratings described in this definition, upon request of Party B.

Eligible Guarantor Definition: 228 Samples | Law Insider (2024)

FAQs

Eligible Guarantor Definition: 228 Samples | Law Insider? ›

Eligible Guarantor means an entity that (A) has credit ratings at least equal to the Approved Ratings Threshold or (B) has credit ratings at least equal to the Required Ratings Threshold, provided, for the avoidance of doubt, that an Eligible Guarantee of an Eligible Guarantor with credit ratings below the Approved ...

What is an eligible guarantee? ›

Eligible Guarantee means an unconditional and irrevocable guarantee of all present and future obligations (for the avoidance of doubt, not limited to payment obligations) of Party A or an Eligible Replacement to Party B under this Agreement that is provided by an Eligible Guarantor as principal debtor rather than ...

What is an eligible guarantor? ›

Eligible Guarantor means an entity that has credit ratings at least equal to the Required Ratings Threshold. An Eligible Guarantor shall provide to Party B in writing all credit ratings described in this definition, upon request of Party B. Sample 1Sample 2Sample 3. Based on 5 documents.

What is an eligible guarantor Basel III? ›

Eligible guarantees are a form of credit risk mitigation recognized by the Basel Framework and the US Basel III Capital Rules that, if certain requirements are satisfied, permit a bank to shift the risk weight associated with a credit exposure from the original obligor to a guarantor.

What is a qualified guarantee? ›

— The term “qualified guarantee”, with respect to a major project, means a guarantee that— (A) is made by one or more persons in connection with a donation, specifically for the project, of a total amount in cash or securities that, as determined by the Secretary of the Army, is sufficient to defray a substantial ...

What are the two types of guarantee? ›

Types of Guarantee-

There are two sorts of guarantee contracts: specific guarantee and ongoing guarantee. A specific or simple guarantee is one that is made in respect of a single debt or unique transaction and is set to expire when the guaranteed debt is paid or the promise is fulfilled.

What are the requirements for a guarantee? ›

Like any contractual arrangement, the following are required to create an effective guarantee:
  • offer and acceptance, with the intention to create legal relations, and.
  • sufficient certainty of terms.

What is a guarantee in an insurance contract? ›

Guarantees can be financial contracts, where a guarantor agrees to assume financial responsibility if the debtor defaults. Other guarantees involve security deposits or collateral that can be liquidated if the debtor stops paying for any reason. Guarantees may be issued by banks and insurance companies.

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