Total Secured Recourse Indebtedness means, as of any date of determination, that portion of Total Secured Indebtedness with respect to which the liability of the obligor is not limited to the obligor’s interest in specified assets securing such Indebtedness (subject to customary limited exceptions for certain acts or types of liability such as environmental liability, fraud and other customary non-recourse carve-outs); provided that Indebtedness of a single-purpose entity (or any holding company or other entity which owns such single-purpose entity) which is secured by substantially all of the assets of such single-purpose entity (or any holding company or other entity which owns such single-purpose entity) but for which there is no recourse to another Person beyond the single-purpose entity or holding company or other entity which owns such single-purpose entity (other than with respect to customary limited exceptions for certain acts or types of liability such as environmental liability, fraud and other customary non-recourse carve-outs) shall not be considered a part of Total Secured Recourse Indebtedness even if such Indebtedness is fully recourse to such single-purpose entity (or any holding company or other entity which owns such single-purpose entity) and unsecured guarantees provided by Borrower or the Trust of mortgage loans to Subsidiaries or Unconsolidated Affiliates shall not be included in Total Secured Recourse Indebtedness.
Total Secured Recourse Indebtedness means, as at any date, that portion of aggregate Total Secured Indebtedness of the Borrower and any Subsidiaries of the Borrower that hold any of the Borrower’s assets (as reported in the then current Financial Statements) that is Recourse to Borrower or such Subsidiary.
Total Secured Recourse Indebtedness means, as of any date of determination, the aggregate principal amount of all Indebtedness outstanding of Global Medical REIT and its Subsidiaries, evidenced by notes, bonds, debentures or similar instruments and capital lease obligations that are secured by a Lien and which is recourse to, or has a deficiency guaranty provided by, Borrower or any Guarantor (directly or by a guaranty thereof, but without duplication), (it being understood that any Indebtedness which provides for recourse to Borrower or any Guarantor solely by virtue of Customary Recourse Exceptions shall not constitute recourse Indebtedness).
Examples of Total Secured Recourse Indebtedness in a sentence
Permit Total Secured Recourse Indebtedness to exceed fifteen percent (15%) of Total Asset Value as of the last day of any fiscal quarter, excluding recourse associated with interest rate hedges.
Our findings should be regarded as a significant contribution to our understanding of the evolution of the US labor market.One take-away from our study is that all data sets have their strengths and weaknesses, and acknowledging those characteristics and investigating how they may affect the results of aparticular study should be an important goal for work in many areas of economics.
More Definitions of Total Secured Recourse Indebtedness
Total Secured Recourse Indebtedness means, as of any date of determination, Total Indebtedness that is Secured Recourse Indebtedness.
Total Secured Recourse Indebtedness means, as of any date of determination, that portion of Total Secured Indebtedness with respect to which the liability of the obligor is not limited to the obligor’s interest in specified assets securing such Indebtedness (subject to customary limited exceptions for certain acts or types of liability such as environmental liability, fraud and other customary non-recourse carve-outs); provided that Indebtedness of a single-purpose entity which is secured by substantially all of the assets of such single-purpose entity but for which there is no recourse to another Person (other than with respect to customary limited exceptions for certain acts or types of liability such as environmental liability, fraud and other customary non-recourse carve-outs) shall not be considered a part of Total Secured Recourse Indebtedness even if such Indebtedness is fully recourse to such single-purpose entity and unsecured guarantees provided by Borrower or the Trust of mortgage loans to Subsidiaries or Investment Affiliates shall not be included in Total Secured Recourse Indebtedness.
Total Secured Recourse Indebtedness means, as of any date of determination, the aggregate outstanding amount of all Secured Recourse Indebtedness then owed by Consolidated Parties; provided that for purposes of this definition obligations under the Facility shall not constitute “Secured Recourse Indebtedness” as a result of any security interest granted to the Administrative Agent in any Equity Interests of Subsidiaries of the Borrower.
Total Secured Recourse Indebtedness means, as of any date of determination, the amount of Total Indebtedness (including the face amount of all outstanding letters of credit) which is recourse to, or has a deficiency guaranty provided by, the Borrower (directly or by a guaranty thereof, but without duplication) and is secured by a Lien, but excluding Customary Recourse Exceptions. For the avoidance of doubt, if any such Indebtedness is partially guaranteed by the Borrower, then solely the portion of such Indebtedness that is so guaranteed shall constitute Total Secured Recourse Indebtedness for purposes of this definition.
Total Secured Recourse Indebtedness of any Person means any Total Indebtedness (excluding any Non-Resource Indebtedness) of such Person for which the obligations thereunder are secured by a Lien on any assets of such Person or its Subsidiaries or Unconsolidated Entities.
Total Secured Recourse Indebtedness means, as of any date of determination, that portion of Total Secured Indebtedness with respect to which the liability of the obligor is not limited to the obligor’s interest in specified assets securing such Indebtedness (subject to
Total Secured Recourse Indebtedness means, as of any date of determination, that portion of Total Secured Indebtedness with respect to which the liability of the obligor is not limited to the obligor’s interest in specified assets securing such Indebtedness (subject to customary limited exceptions for certain acts or types of liability such as environmental liability, fraud and other customary non-recourse carve-outs); provided that Indebtedness of a single- purpose entity (or any holding company or other entity which owns such single-purpose entity) which is secured by substantially all of the assets of such single-purpose entity (or any holding company or other entity which owns such single-purpose entity) but for which there is no recourse to another Person beyond the single-purpose entity or holding company or other entity which owns such single-purpose entity (other than with respect to customary limited exceptions for certain acts or types of liability such as environmental liability, fraud and other customary non-recourse carve-outs) shall not be considered a part of Total Secured Recourse Indebtedness even if such Indebtedness is fully recourse to such single-purpose entity (or any holding company or other entity which owns such single-purpose entity) and unsecured guarantees provided by Borrower or the Trust of mortgage loans to Subsidiaries or Unconsolidated Affiliates shall not be included in Total Secured Recourse Indebtedness.