Limited Recourse Loan definition

Limited Recourse Loan the unsecured loan advanced by the Lender to the Loan Originator pursuant to which the Lender shall be entitled to be paid LRL Repayments subject to the terms and conditions of the Limited Recourse Loan Agreement.

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Limited Recourse Loan means the limited recourse loan advanced by the Originator to the Issuer pursuant to Clause 5 (Limited Recourse Loan and Other Rights) of the Warranty and Indemnity Agreement;

Limited Recourse Loan means a loan or series of loans made under a master agreement not exceeding, in aggregate, the sum of R144,225,904.55 and the amount outstanding under the overdraft granted by the Lender to K2020 made by the Borrower to K2020 on terms acceptable to the Lender.

Examples of Limited Recourse Loan in a sentence

This agreement supersedes all previous agreements in respect of the Executive's terms of employment by the Company and embodies the entire agreement between the parties, except for such terms of the Previous Agreements that relate to shares, options and the Limited Recourse Loan.
THE REINSURER shall reimburse THE COMPANY for a sales expense allowance comprised of compensation to the producers, overrides and overhead, as defined in Schedule C-1, for such then current accounting period on the portion of the policies eligible for commissions and reinsured hereunder for each and every accounting period for the duration of this Agreement.
Lenders accept the risk that a Borrower may not pay its Borrower Loan Repayments to the Loan Originator in respect to a Selected Listed Loan and that the Lender may, as a result, lose some or all of the Limited Recourse Loan Amount advanced to the Loan Originator pursuant to the Limited Recourse Loan Agreement.

More Definitions of Limited Recourse Loan

Limited Recourse Loan means any moneys borrowed or raised for the purpose of financing expenditure on or in connection with any project forming part of the business of any member of the Group, such moneys borrowed or raised not being guaranteed by any member of the Group and only being secured on the assets forming part of, or constituting, the relevant project on terms which provide, inter alia, that:-

Limited Recourse Loan means a limited recourse loan advanced by the Originator to the Issuer pursuant to Article 3 of the Warranty and Indemnity Agreement in the circumstances set forth thereunder.

Limited Recourse Loan means any limited recourse loan made by the Originator to the Issuer pursuant to clause 4.1 of the Warranty and Indemnity Agreement.

Limited Recourse Loan means any limited recourse loan, or other form of financing, advanced by the Originator to the Issuer pursuant to the terms of clause 2 (Impegno a finanziare) of the Letter of Undertaking;