Recourse Obligations has the meaning set forth in Section 2.1.
Recourse Obligations of a Person means all sales with recourse by such Person of (i) accounts or general intangibles for money due or to become due, (ii) chattel paper, instruments or documents creating or evidencing a right to payment of money or (iii) other receivables (collectively "receivables"), whether pursuant to a purchase facility or otherwise, other than in connection with the disposition of the business operations of such Person relating thereto or a disposition of defaulted receivables for collection and not as a financing arrangement, and together with any obligation of such Person to pay any discount, interest, fees, indemnities, penalties, recourse, expenses or other amounts in connection therewith. The outstanding amount of any Recourse Obligation shall be the portion of the principal investment of the purchaser thereof (other than the Company or a Significant Subsidiary) as to which recourse to such Person exists, in any event excluding amounts representative of yield and interest earned on such investment.
Recourse Obligations. As defined in Section 2.1.
Examples of Recourse Obligations in a sentence
Guarantors are to provide the standard FHFC Guaranty of Recourse Obligations.
Guarantors to provide the Standard FHFC Guaranty of Recourse Obligations.
Guarantors to provide the standard FHFC Guaranty of Recourse Obligations.
Guarantors are to provide the standard Florida Housing Guaranty of Recourse Obligations.
Without limitation of any other term, provision or waiver contained herein, Guarantor hereby acknowledges and agrees that it has been furnished true, complete and correct copies of the Loan Documents and has reviewed the terms and provisions thereof (including, without limitation, the Guaranteed Recourse Obligations of Borrower).
More Definitions of Recourse Obligations
Recourse Obligations means the following:
Recourse Obligations shall have the meaning set forth in Section 6.20.
Recourse Obligations means (i) the obligation of Seller to repurchase certain Purchased Assets pursuant to Article V of the Purchase Agreement, (ii) the obligation of Seller to forward certain Collections to Buyer pursuant to Section 6.2 of the Purchase Agreement and (iii) the obligation of Seller to indemnify Buyer against certain amounts and to reimburse Buyer for certain costs and expenses, in each case pursuant to Article VII of the Purchase Agreement.
Recourse Obligations means:
Recourse Obligations shall have the meaning set forth in Section 10.4(b)(i).
Recourse Obligations has the meaning set forth in Section 15.1(b).
Recourse Obligations. The meaning set forth in Section 9.4(a) hereof.