RECOURSE LIABILITY definition

RECOURSE LIABILITY has the meaning set forth in Regulations Section 1.752-1(a)(1).
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RECOURSE LIABILITY has the meaning set forth in Treasury Regulations Section 1.752-1(a)(1).
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RECOURSE LIABILITY and “Recourse Liabilities” have the meaning provided in Section 8.14.
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Examples of RECOURSE LIABILITY in a sentence

  • EACH RECOURSE LIABILITY PARTY HEREBY WAIVES, AND AGENT, BY ACCEPTANCE OF THIS AGREEMENT HEREBY WAIVES TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING BROUGHT IN CONNECTION WITH THIS AGREEMENT, WHICH WAIVER IS INFORMED AND VOLUNTARY.

  • EACH NOTEHOLDER BY PURCHASE OF ITS NOTE ACKNOWLEDGES AND AGREES THAT THE OBLIGATIONS EVIDENCED BY THE NOTES ARE LIMITED IN RECOURSE TO ONLY THE COLLATERAL AND NONE OF THE NEWSTAR EF PARTIES, THE INITIAL PURCHASER OR ANY OTHER PERSON SHALL HAVE ANY RECOURSE LIABILITY IN RESPECT THEREOF.

  • SCHEDULE 1 DEFINED TERMS EXHIBIT 7 RESET RECOURSE LIABILITY EXHIBIT 15 PRELIMINARY SITE PLAN EXHIBIT 1-43 JUNIOR LOAN DOCUMENTS EXHIBIT 1-67 PROPERTY EXHIBIT 1-90 SENIOR LOAN DOCUMENTS SUBORDINATION AND INTERCREDITOR AGREEMENT THIS SUBORDINATION AND INTERCREDITOR AGREEMENT is made as of May 14, 1998 among CONNECTICUT GENERAL LIFE INSURANCE COMPANY, a Connecticut corporation, ("Senior Lender"), and PRIME GROUP REALTY, L.P., a Delaware limited partnership ("Prime").

  • This RECOURSE LIABILITY AGREEMENT (this “Agreement”), is made as of April 1, 2008 by GRAMERCY CAPITAL CORP., a Maryland corporation, having an address at ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ (“Guarantor”), to and for the benefit of PB CAPITAL CORPORATION, a Delaware corporation, having an address at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, as agent (in such capacity, “Agent”) for Lenders as more particularly set forth in the Loan Agreement (as hereinafter defined).


More Definitions of RECOURSE LIABILITY

RECOURSE LIABILITY means a Company Liability to the extent any Member bears the economic risk of loss for that liability under section 1.752-2 of the Regulations.
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RECOURSE LIABILITY. As defined in Section 1(e) of the Guaranty Agreement. Recreation: HdC Recreation Holdings I, LLC. Regulations: The permanent and temporary regulations, and all amendments, modifications and supplements thereof, from time to time promulgated by the Secretary of the Treasury under the Code. Secretary of State: The Secretary of State of the State of Delaware. Specially Designated National or Blocked Person: (i) Persons designated by the U.S. Department of Treasury’s Office of Foreign Assets Control, or other governmental entity, from time to time as a “specially designated national or blocked person” or similar status, (ii) a Person described in Section 1 of U.S. Executive Order 13224 issued on September 23, 2001, or (iii) a Person otherwise identified by government or legal authority as a Person with whom the Partners are prohibited from transacting business.
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RECOURSE LIABILITY has the meaning provided in Article 11.
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RECOURSE LIABILITY. As defined in Section 1(e) of the Guaranty Agreement.
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RECOURSE LIABILITY means the amount of indebtedness owed by the Partnership other than Nonrecourse Liabilities and Partner Nonrecourse Debt.
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Related to RECOURSE LIABILITY

  • Recourse Liabilities means the amount of liabilities owed by the Partnership (other than Nonrecourse Liabilities and liabilities to which Partner Nonrecourse Deductions are attributable in accordance with Section 1.704-(2)(i) of the Regulations).

  • Nonrecourse Liability has the meaning set forth in Treasury Regulation Section 1.752-1(a)(2).

  • Nonrecourse Liabilities has the meaning set forth in Section 1.704-2(b)(3) of the Regulations.

  • Common expense liability means the liability for common

  • 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).