Recourse Loan definition

Recourse Loan has the meaning assigned to such term in the recitals.
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Recourse Loan means any Mortgage Loan, mortgaged property, Servicing Released Loan or Previously Disposed Loan with respect to which Seller bears the risk of loss as described in the preceding sentence.
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Recourse Loan. Section 3.28 "Registration Statement" -- Section 4.09 "Regulations" -- Section 3.27 "Representatives" -- Section 9.11(g) "Sales Price" -- Section 2.01(c)(i) "SEC" -- Section 3.04(b) "Securities Act" -- Section 3.04(b) "Servicing Released Loans" -- Section 3.28 "Servicing Sale Loan" -- Section 3.28 "Significant Subsidiaries" -- Section 9.11(h) "Stockholders' Meeting" -- Section 6.03(a) "Sub" -- Preamble "Sub Common Stock" -- Section 2.01(a) "Subsidiary" -- Section 9.11(i) "Surviving Corporation" -- Section 1.01 "Surviving Corporation Common Stock" -- Section 2.01(a) "tax return" -- Section 3.12(c) "taxes" -- Section 3.12(c) "Trading Day" -- Section 2.01(c)(i) "VA" -- Section 3.25 "VA Loans" -- Section 3.25 "VA No Bids" -- Section 3.28 "Warehouse Loans" -- Section 3.26 This AGREEMENT AND PLAN OF MERGER dated as of November 10, 1996 (this "Agreement") is made and entered into by and among HFS INCORPORATED, a Delaware corporation ("Parent"), MERCURY ACQ. CORP., a Maryland corporation wholly owned by Parent ("Sub"), and PHH CORPORATION, a Maryland corporation (the "Company").
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Examples of Recourse Loan in a sentence

  • Seller acquired all rights of SVB as lender and secured party under the Loan and Security Agreement pursuant to that certain Non Recourse Loan Document Sale and Assignment Agreement effective April 23, 2008.

  • The Parties acknowledge (i) the purchase by the Partnership of $180,665,967.00 of Treasuries and (ii) the pledge of the Treasuries as collateral for the Recourse Loan.

  • Merge or consolidate with any other Person undergo a division (or similar transaction) unless the Loan Party is the surviving Person or the surviving Person becomes a Loan Party concurrently with the consummation of such merger or consolidation; provided that (i) there shall be no merger or consolidation involving Borrower or USDTG; and (ii) if the merger or consolidation involves a Recourse Loan Party, the surviving Person shall be a Recourse Loan Party.

  • This agreement supersedes all previous agreements in respect of the Executive's terms of employment by the Company and embodies the entire agreement between the parties, except for such terms of the Previous Agreements that relate to shares, options and the Limited Recourse Loan.

  • Each Assuming Party hereby agrees to indemnify and hold harmless every other partner in the Partnership against any and all liability, costs, damages, attorneys' fees and other expenses that any such other partners may incur with respect to the Recourse Loan from any failure by the Assuming Party to satisfy its proportionate liability for such indebtedness as provided in Paragraph 1.


More Definitions of Recourse Loan

Recourse Loan has the meaning as defined in Section 4.24 hereof.
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Recourse Loan means, with the exception of VA No-Bids, any Mortgage Loan, mortgaged property, Servicing Released Loan or Servicing Sale Loans, including those items identified in Section 4.24 of the Disclosure Schedule, under which the Company or any Company Subsidiary bears the risk of loss as described in the preceding sentence.
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Recourse Loan as defined in Section 3.13.
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Recourse Loan. Any Mortgage Loan subject to an obligation described as a limited or full recourse, credit support reimbursement or other similar obligation, loss sharing arrangement or other similar arrangement, it being acknowledged that each Agency assumes no losses on any Recourse Loans.
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Recourse Loan means an extension of credit to the Participant by the Company evidenced by a Recourse Note.
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Recourse Loan has the meaning set forth in Section 4.28. ------------
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Recourse Loan. Any Mortgage Loan as to which the Company has an obligation to repurchase, reimburse, indemnify or hold harmless any Person based solely upon the default under or the foreclosure or sale of the Collateral for the Mortgage Loan without regard to a
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