50%, Recourse Loans definition
50%, Recourse Loans means, collectively, all of the Participated Loans that are placed in the 50% Recourse Pool and are subject to CHS’ guarantee pursuant to Article V hereof, subject to the limitations described in Section 5.01(b).
Examples of 50%, Recourse Loans in a sentence
The three purchase pools shall be grouped as follows: (i) 20% Recourse Loans (the “20% Recourse Pool”); (ii) 50% Recourse Loans (the “50% Recourse Pool”); and (iii) Full Recourse Loans (the “Full Recourse Pool”).