Recourse Claim definition

Recourse Claim means any claim of Bambora against the Merchant in respect of any (i) Chargeback, (ii) refund, (iii) rejected, fraudulent, reversed or otherwise corrected Transaction or (iv) fees (as set out in the application), costs, handling charges or penalties, etc. that Bambora is required to pay to the Card Schemes, any regulatory authority or other third party in connection with any claim.
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Recourse Claim means any claim of Bambora against the Merchant in respect of any (i) Chargeback, (ii) refund, (iii) rejected, fraudulent, reversed or otherwise corrected Transaction or (iv) fees (as set out in the application), costs, handling charges or penalties, etc. that Bambora is required to pay to the Card Schemes, any regulatory authority or other third party in connection with any claim. Regulations means rules, regulations, directives, etc. issued by Card Schemes relevant to the services provided by Bambora under this Agreement, available at the respective Card Schemes’ website.
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Recourse Claim means, collectively: (i) any Shareholder Claim (but subject, in the case of any deemed Individual Shareholder Misrepresentation Claim or deemed Shareholder Covenant Claim, to the limitations set forth in clauses (iii) and (iv) of the last paragraph of Section 1(a) hereof) and (ii) any Management Misrepresentation Claim. In no event shall any claim against the ESOT be deemed to be a Recourse Claim.
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Examples of Recourse Claim in a sentence

  • To the extent that there is such Recourse Claim, no Limitation on Enforcement applies.

  • The undersigned, a holder of a Class 5 NRG Unsecured Claim (other than in the capacity of a Noteholder or a holder of an NRG Unsecured Revolver Claim, an NRG ▇▇▇▇▇ Secured Revolver Recourse Claim, and/or an NRG Letter of Credit Claim each a “Credit Facility Claim”) against NRG in the amount set forth below, votes to (check one box; if you fail to check one of the boxes below, but the ballot is otherwise properly completed and returned your ballot will not be counted: o Accept the Plan.

  • The undersigned, a holder of a Class 5 NRG ▇▇▇▇▇ Secured Revolver Recourse Claim, an NRG Unsecured Revolver Claim and/or an NRG Letter of Credit Claim (each, a “Credit Facility Claim”) against NRG in the amount set forth below, votes to (check one box; if you fail to check one of the boxes below, but the ballot is otherwise properly completed and returned your ballot will not be counted): o Accept the Plan o Reject the Plan.

  • To the extent that there is such Recourse Claim, no Limitation Event applies.

  • To the extent that there is such Recourse Claim, no limitation on enforcement applies.

  • For the avoidance of doubt, to the extent the enforcement of the Guarantee will result in a fully valuable recourse claim (vollwertiger Rückgriffsanspruch) within the meaning of sentence 2 of paragraph 1 of § 30 GmbH-Act ("Recourse Claim") of the German Guarantor against a third party including a shareholder or another member of the Group, no Limitation on Enforcement applies and no Limitation Event occurs.


More Definitions of Recourse Claim

Recourse Claim means any claim of recourse which Finance Incorporated may have on Merchant from time to time, corresponding to (a) any refund or Chargeback made by a Cardholder and/or card issuer in relation to the sale of goods or supply of services purchased by that Cardholder, or (b) any fees or other financial sanctions which Finance Incorporated has been obliged to pay to Card Schemes or any other party insofar as such amount is related to this Agreement;
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Related to Recourse Claim

  • Adverse Claim means a lien, security interest, charge or encumbrance, or other right or claim in, of or on any Person’s assets or properties in favor of any other Person.

  • Nonrecourse Obligation means indebtedness or other obligations substantially related to (i) the acquisition of assets not previously owned by the Company or any Restricted Subsidiary or (ii) the financing of a project involving the development or expansion of properties of the Company or any Restricted Subsidiary, as to which the obligee with respect to such indebtedness or obligation has no recourse to the Company or any Restricted Subsidiary or any assets of the Company or any Restricted Subsidiary other than the assets which were acquired with the proceeds of such transaction or the project financed with the proceeds of such transaction (and the proceeds thereof).

  • Recourse Obligations has the meaning set forth in Section 2.1.

  • Secured Recourse Indebtedness means, with respect to any Person, all Recourse Indebtedness of such Person that is secured by a Lien.

  • Non-recourse Obligation means indebtedness or other obligations substantially related to (1) the acquisition of assets not previously owned by the Company or any direct or indirect Subsidiaries of the Company or (2) the financing of a project involving the development or expansion of properties of the Company or any direct or indirect Subsidiaries of the Company, as to which the obligee with respect to such indebtedness or obligation has no recourse to the Company or any direct or indirect Subsidiary of the Company or such Subsidiary’s assets other than the assets which were acquired with the proceeds of such transaction or the project financed with the proceeds of such transaction (and the proceeds thereof).