Examples of Non-Recourse Obligations in a sentence
Guarantor shall have executed and delivered the Guaranty of Non-Recourse Obligations.
This does not include the liability limited solely pursuant to a Guaranty of Non-Recourse Obligations or its equivalent unless the recourse was triggered by a prior default where Fannie Mae declared an Event of Default and issued an Event of Default Notice.
Guaranty of Non-Recourse Obligations (Preferred Equity Transaction) (0000.XX).
Guaranty of Non-Recourse Obligations, dated July 11, 2006, by and between Affordable Residential Communities LP and Merrill Lynch Mortgage Lending, Inc.
The Issuer will not: (a) create, incur, assume or permit to exist any Indebtedness, except Permitted Indebtedness; (b) permit any Guarantor to create, incur, assume or permit to exist any Indebtedness, except its guarantee of the Bonds or its guarantee of other Permitted Indebtedness (other than Subordinated Indebtedness), and Intercompany Loans; or (c) permit any Unrestricted Subsidiary to create, incur, assume or permit to exist any Indebtedness, except Non-Recourse Obligations.