Base Recourse definition

Base Recourse means a portion of the Indebtedness equal to zero percent (0%) of the original principal balance of this Note.
View Source
Base Recourse means a portion of the Indebtedness equal to 0% of the original principal balance of this Note.
View Source
Base Recourse means a portion of the Indebtedness equal to ___% of the original principal balance of this Note.
View Source

Examples of Base Recourse in a sentence

  • Borrower will be personally liable to Lender for the Base Recourse specified in Article I (“Base Recourse”), plus any other amounts for which Borrower has personal liability under this Article III.

  • The "Base Recourse" under each Note and the "Base Guaranty" under each Guaranty shall be zero percent (0%).

  • Borrower shall be personally liable to Lender for the amount of the Base Recourse, plus any other amounts for which Borrower has personal liability under this Section 9.

  • Borrower will be personally liable to Lender for the amount of the Base Recourse specified in Section 1.01, plus any other amounts for which Borrower has personal liability under this Article III.

  • In addition to the Base Recourse, Borrower shall be personally liable to Lender for the repayment of a further portion of the Indebtedness equal to any loss or damage suffered by ▇▇▇▇▇▇ as a result of the occurrence of any of the following events: ▇▇▇▇▇▇▇▇ fails to pay to Lender upon demand after an Event of Default all Rents to which ▇▇▇▇▇▇ is entitled under Section 3(a) of the Security Instrument and the amount of all security deposits collected by Borrower from tenants then in residence.

  • Borrower will be personally liable to Lender for the Base Recourse specified in Article I (“Base Recourse”), plus any other amounts for which Borrower has personal liability under this Article Ill.

  • Borrower will be personally liable to Lender for the amount of the Base Recourse, plus any other amounts for which Borrower has personal liability under this Section 9.


More Definitions of Base Recourse

Base Recourse means the dollar amount specified in section 7.11(b) hereof, for which the Owner is personally liable hereunder.
View Source
Base Recourse means a portion of the Indebtedness equal to ___% of the Loan Amount.
View Source
Base Recourse is defined in Section 1.01.
View Source

Related to Base Recourse

  • Non-Recourse means, with respect to any specified Person and the Indebtedness of such Person:

  • Limited Recourse means a letter of credit, revolving loan commitment, cash collateral account, guarantee or other credit enhancement issued by the Issuer or any of its Restricted Subsidiaries (other than a Receivables Subsidiary) in connection with the incurrence of Indebtedness by a Receivables Subsidiary under a Qualified Receivables Financing; provided that, the aggregate amount of such letter of credit reimbursement obligations and the aggregate available amount of such revolving loan commitments, cash collateral accounts, guarantees or other such credit enhancements of the Issuer and its Restricted Subsidiaries (other than a Receivables Subsidiary) shall not exceed 25% of the principal amount of such Indebtedness at any time.

  • Non-Recourse Party means, with respect to a party, any of such party’s former, current and future equityholders, controlling Persons, directors, officers, employees, agents, representatives, Affiliates, members, managers, general or limited partners, or assignees (or any former, current or future equity holder, controlling Person, director, officer, employee, agent, representative, Affiliate, member, manager, general or limited partner, or assignee of any of the foregoing).

  • Non-Recourse Parties has the meaning provided in Section 12.16.

  • Dealer Recourse means, with respect to a Receivable, all recourse rights against the Dealer which originated the Receivable, and any successor to such Dealer.