Secured Recourse Debt means Secured Debt that is recourse for payment to the Borrower or its Subsidiaries.

Secured Recourse Debt means all Secured Debt of any Person on a recourse basis.

Secured Recourse Debt means as of any given date the amount of the Secured Debt less the amount of Non-Recourse Debt.

Examples of Secured Recourse Debt in a sentence

As of the last day of any fiscal quarter, the Secured Recourse Debt Ratio to exceed seven-and-one-half percent (7.5%); (b) Minimum Fixed Charge Ratio .
As of the last day of any fiscal quarter, the Secured Recourse Debt Ratio to exceed seven‑and‑one‑halfpercent (7.5%); (b) Minimum Fixed Charge Ratio .
As of the last day of any fiscal quarter, the Secured Recourse Debt Ratio to exceed seven-and-one- half percent (7.5%); (b) Minimum Fixed Charge Ratio .
Until such date as Borrower shall hold an investment grade credit rating from either Moody’s or S&P, the Borrower Parties will not permit the Total Secured Recourse Debt Ratio to equal or exceed 10% on the last day of any fiscal quarter during the term of this Agreement.
The Constituent Companies will not permit Total Secured Recourse Debt, as of the last day of any fiscal quarter of the Parent Guarantor, to be greater than 15% of Total Asset Value.

More Definitions of Secured Recourse Debt

Secured Recourse Debt means, for any Person as of any date, Recourse Debt of such Person that is secured by a Lien.

Secured Recourse Debt means Secured Debt that is Recourse Debt.

Secured Recourse Debt means all Secured Indebtedness that is not Non-Recourse Indebtedness.

Secured Recourse Debt means, at any date of determination, Recourse Debt which is secured by any Lien on the assets of the Parent Guarantor or any of its Subsidiaries, as at the end of the most recently ended fiscal quarter of the Parent Guarantor for which financial statements are required to be delivered to the Lenders pursuant to Section 5.03(b) or (c), as the case may be.

Secured Recourse Debt at any date, an amount equal to the Consolidated Secured Debt on such date that is Recourse Indebtedness.

Secured Recourse Debt means Recourse Debt secured by Liens granted by a Consolidated Financial Covenant Entity (other than an Excluded Subsidiary).

Secured Recourse Debt means, with respect to any Person, all Secured Indebtedness of such Person other than Nonrecourse Indebtedness of such Person.