Recourse Lien definition

Recourse Lien means the grant or other creation by an Owner of a Lien attaching to the land and buildings comprising all or a material portion of a Mortgaged Property and which (i) is otherwise prohibited pursuant to the provisions of this Agreement or the other Loan Documents and (ii) is effected by such Owner by a writing or other affirmative act taken by the Owner.
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Recourse Lien shall have the meaning set forth in Section 21.02.
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Recourse Lien means the grant or ------------- other creation by an Owner of a Lien attaching to the land and buildings comprising all or a material portion of a Mortgaged Property and which (i) is otherwise prohibited pursuant to the provisions of this Agreement or the other Loan Documents and (ii) is effected by such Owner by a writing or other affirmative act taken by the Owner.
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More Definitions of Recourse Lien

Recourse Lien shall have the meaning set forth in Section ------------- 21.
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Related to Recourse Lien

  • 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).

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

  • 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).

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