Recourse Amount definition

Recourse Amount. Has the meaning specified in Section 17.10 of the Participation Agreement.

Recourse Amount means the amount by which the portion of such payment by the Owner Participant on account of clause (ii) above received by the Indenture Trustee exceeds the amount which would have been received by the Indenture Trustee if the Owner Participant had not become subject to the recourse liability referred to in (ii) above. Nothing contained in this Section shall prevent the Indenture Trustee from enforcing any individual obligation (and retaining the proceeds thereof) of the Owner Participant under this Agreement or any other Operative Agreement to the extent herein or therein provided, for which the Owner Participant has expressly agreed by the terms of this Agreement to accept individual responsibility.

Recourse Amount means the amount by which the portion of such payment by the Owner Participant on account of clause (ii) above received by such Holder or the Indenture Trustee exceeds the amount which would have been received by such Holder or the Indenture Trustee if the Owner Participant had not become subject to the recourse liability referred to in (ii) above. Nothing contained in this Section shall prevent the Indenture Trustee from enforcing any individual obligation (and retaining the proceeds thereof) of the Owner Participant under this Agreement or, any other Operative Agreement to the extent herein or therein provided, for which the Owner Participant has expressly agreed by the terms of this Agreement to accept individual responsibility.

Examples of Recourse Amount in a sentence

• The Seller further agrees that it shall promptly deposit or cause to be deposited into the Collection Account, the Dealer Recourse Amount related to any Receivable in satisfaction of any Purchase Amount in respect of such Receivable that is due and which remains unpaid by the Seller.

• For purposes of this Section 17.10, "Recourse Amount" means the amount by which the portion of such payment by the Owner Participant on account of clause (ii) above received by the Indenture Trustee exceeds the amount which would have been received by the Indenture Trustee if the Owner Participant had not become subject to the recourse liability referred to in (ii) above.

• Assumes no portion of the subscription price for the Units will be financed with a Limited Recourse Amount.

• To the extent that these expenses are funded by the National Portfolio Loan Facility (including the National Portfolio’s share of expenses funded by the Operating Reserve), the unpaid principal amount and interest thereon will be a Limited Recourse Amount of the Partnership and the Limited Partners.

• To the extent provided in the Note, Pledgor shall be liable for any deficiency if the remaining proceeds are insufficient to pay the indebtedness under the Note in full, including reasonable the fees of any attorneys employed by the Company to collect such deficiency; provided, however, that at no time shall the Pledgor's personal liability hereunder or under the Note exceed the Aggregate Recourse Amount (as such term is defined in the Note).

More Definitions of Recourse Amount

Recourse Amount shall have the meaning specified in Section 4.6 of the Loan Agreement.

Recourse Amount means $7,400,000.

Recourse Amount has the meaning set forth in Section 3.04.

Recourse Amount has the meaning given to such term in Section 15.07 of --------------- the Participation Agreement (in the case of the Participation Agreement) or Section 2.05 of the Indenture (in the case of the Indenture), as the case may be.

Recourse Amount means the amount by which the portion of such payment by the Owner Participant on account of clause (2) above received by the Indenture Trustee or the relevant Holder, as the case may be, exceeds the amount which would have been received by the Indenture Trustee or such Holder, as the case may be, if the Owner Participant had not become subject to the recourse liability referred to in (2) above.

Recourse Amount means, with respect to any Partner, the amount (if any) specified on Exhibit F with respect to a Partner, as such Exhibit F may be amended from time to time.

Recourse Amount means as of any time an amount equal to (A) 60% of the --------------- aggregate original principal amount of this Note, minus (B) the aggregate amount of all principal and interest payments made under this Note from the Date of Issuance of this Note through such time, including payments incident to Executive's declaring bankruptcy. Nothing in this paragraph 4, however, shall affect any of the Company's rights under the Pledge Agreement.