RECOURSE BASIS Sample Clauses

RECOURSE BASIS. The purchase of INVOICES from CLIENT by METRO wherein CLIENT retains the risk of non-payment of an INVOICE by a CUSTOMER for any reason whatsoever. 1.5.
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RECOURSE BASIS. The purchase of INVOICES from CLIENTS by METRO wherein CLIENTS retain the risk of non-payment of an INVOICE by a CUSTOMER for any reason whatsoever.
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RECOURSE BASIS. If the sale is on a recourse basis and the debtor becomes sixty (60) days in default or the Servicer repossesses the collateral under the terms of the note, then the Seller shall be obligated to repurchase the loan for the outstanding principal and accrued interest. The debtor shall be considered in default if any portion of the full principal and interest payment on any loan is sixty (60) days in arrears. Seller or secondary Seller shall not permit a "skip a payment" arrangement with any debtor without consent of the Buyer, which consent shall be considered if such an arrangement is consistent with and does not exceed Buyer's own guidelines for such matters. The Seller or secondary Seller shall not allow the outstanding principal balance of recourse instruments to amount to more than 25% of its capital at any time. In the event that Seller or secondary Seller exceeds this ratio at any time, Buyer may at its discretion require the repurchase of a sufficient number of loans so that the above ratio requirement is satisfied. Seller or secondary Seller shall immediately advise Buyer in the event that the ratio set forth above is exceeded; and shall document the current ratio at any time upon Buyer's request.
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RECOURSE BASIS. The purchase of BILLS from CLIENT by METRO wherein CLIENT retains the risk of non-payment of a BILL xx a CUSTOMER for any reason whatsoever.
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RECOURSE BASIS. The Loan Participation Certificate shall state all relevant recourse terms, if applicable.
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Related to RECOURSE BASIS

  • Interest Rate Basis Interest on this Note will be determined by reference to the applicable Interest Rate Basis or Interest Rate Bases, which may, as described below, include the CD Rate, the CMT Rate, the Commercial Paper Rate, the Constant Maturity Swap Rate, the Federal Funds Open Rate, the Federal Funds Rate, LIBOR, the Prime Rate or the Treasury Rate (each as defined below).

  • Settlement Date Basis For purposes of this Agreement, all determinations of whether an investment is to be included as a Portfolio Investment shall be determined on a settlement-date basis (meaning that any investment that has been purchased will not be treated as a Portfolio Investment until such purchase has settled, and any Portfolio Investment which has been sold will not be excluded as a Portfolio Investment until such sale has settled); provided that no such investment shall be included as a Portfolio Investment to the extent it has not been paid for in full.

  • Adjusted Quick Ratio A ratio of (i) Quick Assets to (ii) Current Liabilities minus the current portion of Deferred Revenue of at least 1.25 to 1.00.

  • Determination of Interest Rate Basis The Calculation Agent shall determine the rate derived from each Interest Rate Basis in accordance with the following provisions.

  • Partner Nonrecourse Debt Minimum Gain Chargeback Except as otherwise provided in Treasury Regulations Section 1.704-2(i)(4), notwithstanding any other provision of this Article 5, if there is a net decrease in Partner Nonrecourse Debt Minimum Gain attributable to a Partner Nonrecourse Debt during any Fiscal Year, each Partner who has a share of the Partner Nonrecourse Debt Minimum Gain attributable to such Partner Nonrecourse Debt, determined in accordance with Treasury Regulations Section 1.704-2(i)(5), shall be specially allocated items of Partnership income and gain for such Fiscal Year (and, if necessary, subsequent Fiscal Years) in an amount equal to such Partner’s share of the net decrease in Partner Nonrecourse Debt Minimum Gain attributable to such Partner Nonrecourse Debt, determined in accordance with Treasury Regulations Section 1.704-2(i)(4). Allocations pursuant to the previous sentence shall be made in proportion to the respective amounts required to be allocated to each Partner pursuant thereto. The items to be so allocated shall be determined in accordance with Treasury Regulations Sections 1.704-2(i)(4) and 1.704-2(j)(2). This Section 5.04(b)(ii) is intended to comply with the minimum gain chargeback requirement in Treasury Regulations Section 1.704-2(i)(4) and shall be interpreted consistently therewith.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.0.

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

  • Minimum Fixed Charge Coverage Ratio The Borrowers shall not permit the Fixed Charge Coverage Ratio to be less than 1.05 to 1.00, measured as of the last day of each Fiscal Quarter for the prior four fiscal quarters subject to adjustments to such measurement period as set forth in the definition of Fixed Charge Coverage Ratio.

  • Excess Nonrecourse Liabilities Solely for purposes of determining a Member's share of the "excess nonrecourse liabilities" of the Company within the meaning of Regulations Section 1.752-3(a)(3), the Members' interests in Company profits are in proportion to their Percentage Interests.

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