Partial Recourse Debt definition

Partial Recourse Debt means Indebtedness of any Person a portion of which (but in no event less than eighty-five (85%) percent of the principal amount thereof) shall constitute Non-Recourse Debt.
View Source
Partial Recourse Debt means Debt of any Person a portion of which (but in no event less than eighty (85%) percent of the principal amount thereof) shall constitute Non-Recourse Indebtedness.
View Source
Partial Recourse Debt as to any Person Indebtedness of such Person for which such Person has only partial liability for repayment and deficiency and the balance of which is Non-Recourse Debt.
View Source

Related to Partial Recourse Debt

  • Non-Recourse Debt means Indebtedness:

  • Recourse Debt means Indebtedness that is not Non-Recourse Indebtedness.

  • Nonrecourse Debt means any Company liability to the extent that no Member or related Person bears the economic risk of loss for such liability under Section 1.752-2 of the Treasury Regulations.

  • Member Nonrecourse Debt has the meaning of “partner nonrecourse debt” set forth in Treasury Regulations Section 1.704-2(b)(4).

  • Partner Nonrecourse Debt has the meaning set forth in Treasury Regulation Section 1.704-2(b)(4).