Limited Recourse Agreement definition

Limited Recourse Agreement. Transition Date Covered Asset Base Shortfall" means the amount calculated as (i) the amount by which (A) the outstanding principal amount of the Loan as of the Transition Date, taking into account the Revolving Loan made on the Transition Date pursuant to Section 3.1(f) of the Credit Agreement, exceeds (B) the Asset Base reflected on the Asset Base Certificate delivered pursuant to Section 3.2(b) of the Credit Agreement, minus (ii) the Discounted Lease Balance of any Leases that became a Defaulted Lease after (x) if the Conversion Date has occurred as a result of the occurrence of an Early Amortization Event pursuant to clause (2) of the definition thereof, the second Determination Date preceding the Conversion Date or (y) in all other cases, the Determination Date immediately preceding the Conversion Date.

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Limited Recourse Agreement the Limited Recourse Agreement to be executed and delivered by each Key Principal, in form as agreed between the Borrower, the Agent and each Key Principal, as the same may be amended, supplemented or otherwise modified from time to time.

Limited Recourse Agreement means the Limited Recourse Guaranty and Pledge Agreement dated as of November 21, 1999, made by the shareholders of the Company to and with Buyer.

Examples of Limited Recourse Agreement in a sentence

This Limited Recourse Agreement shall be governed by, and construed in accordance with, the laws of the State of Illinois as applied to contracts made and performed entirely within the State of Illinois by residents of such State.
Trans Leasing and Lender each hereby irrevocably consents to the personal jurisdiction of the state and federal courts located in Mecklenburg County, North Carolina, and in ▇▇▇▇ County, Illinois, in any action, claim or other proceeding arising out of any dispute in connection with this Limited Recourse Agreement.
In addition to its Limited Recourse Obligations, Trans Leasing hereby agrees to pay all reasonable costs and expenses, including, without limitation, reasonable attorneys' fees, reasonably paid or incurred by Lender in collecting or enforcing any or all of the Limited Recourse Obligations or in connection with the enforcement of this Limited Recourse Agreement and in which Lender is the prevailing party.
The Assignee shall be responsible and liable for the payment or adjustment of outstanding taxes (or any other type of charges or liens whatsoever) arising after to the date of this Limited Recourse Agreement affecting any of the collateral purportedly granted to the Assignor under the Assigned Documents.
Such amounts and all other obligations and covenants to be performed by Trans Leasing under this Limited Recourse Agreement shall hereinafter from time to time be collectively referred to as the "Limited Recourse Obligations".
Trans Leasing acknowledges that it has, independently of and without reliance on Lender, made its own credit analysis of Borrower and the Collateral and performed its own legal review of this Limited Recourse Agreement, the Loan Documents and all related filings, and Trans Leasing is not relying on Lender with respect to any of the aforesaid items.
No compromise, settlement, release, renewal, extension, indulgence, change in, waiver or modification of any of the Obligations or the release or discharge of Borrower from the performance of any of the Obligations (other than payment in full of all Obligations) shall release or discharge Trans Leasing from this Limited Recourse Agreement.
Except as provided in this Section 3.5, the Fifth Amendment Premises Option Term shall be on the same terms and conditions as set forth in Section 2.2 of the Original Lease.
In any event, all other provisions of this Limited Recourse Agreement shall be deemed valid and enforceable to the full extent possible.
If any provision of this Limited Recourse Agreement is held to be unenforceable for any reason, it shall be adjusted, if possible, rather than voided in order to achieve the intent of the parties to the extent possible.

More Definitions of Limited Recourse Agreement

Limited Recourse Agreement means that the Limited Recourse Agreement executed by Trans Leasing in favor of Lender in connection with this Agreement, in the form of Exhibit G hereto, including all amendments, modifications and supplements hereto, renewals, extensions or restatements thereof.

Limited Recourse Agreement means the statement from _eska Spo_itelna a.s., dated 26 November, 1998 whereby _eska Spo_itelna a.s. declares, inter alia, its consent to the transfer of a Participation Interest (as referred to therein) in Nova TV from CME B.V. to the Borrower and that it has no claims whatsoever against CME B.V. and the Borrower in respect of such transfer.

Limited Recourse Agreement means the agreement between Buyer Domestic and each of ***, dated and effective as of the date hereof and attached hereto as Exhibit E, pursuant to which such Persons have agreed to be bound by selected provisions of this Agreement.

Limited Recourse Agreement means the agreement between the Declarant and the Condominium whereby the Condominium agrees to limit any actions it may take in respect of any claim with respect to the construction of the units and common elements, as against the Declarant or any party related to the Declarant, or any contractor, builder or project manager retained by the Declarant, to the remedies available to the Condominium pursuant to the Ontario New Home Warranties Plan Act, as amended;

Limited Recourse Agreement. The Limited Recourse Agreement dated as of the Closing Date among the Recourse Providers, the Borrower and the Administrative Agent.

Limited Recourse Agreement means the agreement between Buyer Domestic and each of H. P▇▇▇ ▇▇▇▇▇▇, J▇▇▇ ▇. ▇▇▇▇, A▇▇▇ ▇. ▇▇▇▇▇▇▇▇, J▇▇▇ ▇. ▇▇▇▇▇▇, J▇▇▇ ▇. ▇▇▇▇▇, V▇▇▇▇▇▇▇ ▇▇▇▇ D▇▇▇▇▇ and the J▇▇▇ and R▇▇▇ ▇▇▇▇ 2010 Irrevocable Trust, dated and effective as of the date hereof and attached hereto as Exhibit E, pursuant to which such Persons have agreed to be bound by selected provisions of this Agreement.