Recourse Financing definition

Recourse Financing means Debt of the Company or any Subsidiary which, by its terms, does not bar the lender thereof from action against the Company or any Subsidiary, as borrower or guarantor, if the security value of the project or asset pledged in respect thereof falls below the amount required to repay such Debt.
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Recourse Financing of any Person means all Recourse Indebtedness of such Person which (i) is listed on Schedule 8(b(iii), (ii) is evidenced by a note, bond, indenture, guarantee, surety agreement, reimbursement agreement, or indemnity or is related to a loan or borrowed money, (iii) is a Capital Lease Obligation or (iv) is Permitted Financing.
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Recourse Financing means the financing provided to, or for the benefit of, the Company pursuant to that certain Loan and Security Agreement, dated as of April 18, 2001, between the Company and PNC Leasing, LLC and any collateral security or other related documents entered into in connection therewith.
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Examples of Recourse Financing in a sentence

  • Promax and Bigstone entered into Pipeline Construction and Limited Recourse Financing Agreement dated February 14, 2000 (the "February 14 Agreement") attached hereto as Exhibit "B".

  • Notwithstanding the foregoing, NRG shall have no obligation to provide any Limited Recourse Financing with respect to any Eligible Project.

  • Such certificate shall also include a list of all Subsidiaries that are “Non-Recourse Parties” (as defined in the APAF Facility) (or such equivalent term in the APAFII Facility, the APAFIII Facility or a Limited Recourse Financing) as of the date of such certificate.

  • Before incurring any Permitted Recourse Financing, Borrower shall first use reasonable, good faith efforts to borrow such funds as Permitted Mortgage Financing.

  • For the avoidance of doubt, the term “Operating Project Holding Company Financing” shall not include any Limited Recourse Financing.