Examples of Full Recourse Event in a sentence
Such assumption and responsibility shall occur automatically upon the occurrence of any Full Recourse Event without further action on the part of any Person.
In the event of the occurrence of any Full Recourse Event, Guarantor hereby irrevocably, unconditionally and absolutely agrees to assume and be responsible for the prompt and complete payments of all principal, Interest, Additional Interest and other sums evidenced by the Note or payable under any other Loan Documents.
There's a strong sense of this relationship being open to growth through association with others, but in a conservative, analytical GE i philosophical manner.
If the Majority Investors believe that a Full Recourse Event has occurred, and they wish to invoke the additional remedies provided for in this Section 8.2.2, they or the Collateral Agent shall provide notice to the Company that they believe that a Full Recourse Event has occurred, except that no notice shall be required if an insolvency proceeding is pending with respect to the Company or DSS.
Notwithstanding the foregoing, Construction Agent’s indemnification obligations under Article XIII to the extent but only to the extent relating to amounts due and owing regarding completion of construction of the Facility (other than third party liability claims or claims or amounts relating to environmental conditions existing on the Document Closing -49- Date or claims or amounts relating to a Full Recourse Event) are limited to the Recourse Amount.