Secured Recourse Indebtedness definition

Secured Recourse Indebtedness means the portion of Secured Indebtedness that is not Non-Recourse Debt.

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

Secured Recourse Indebtedness means Secured Indebtedness for which recourse for payment (except for customary exceptions for fraud, misapplication of funds, environmental indemnities and other similar exceptions to recourse liability) is to Parent, Borrower or any Guarantor, other than the Obligations.

Examples of Secured Recourse Indebtedness in a sentence

• The intent of the documents, unless otherwise specifically provided, is to produce complete and finished work.

• Secured Recourse Indebtedness shall not exceed fifteen percent (15%) of Gross Asset Value; provided that, at any such time as 63 Borrower has received an Investment Grade Rating, the foregoing covenant shall be of no further force and effect and Borrower shall not be required to comply therewith.

• Permit the Consolidated Secured Recourse Indebtedness Ratio (expressed as a percentage), as of the last day of any fiscal quarter of the Parent Guarantor, to be greater than 10%.

• Borrower and the Company will not at any time permit the outstanding balance of any Secured Recourse Indebtedness to exceed seventy-five percent (75%) of the value of the Real Estate Asset and other assets (determined on the basis of "as-completed" appraisals) encumbered thereby.

• Without limiting the foregoing, the Borrower Parties shall not incur Secured Recourse Indebtedness in excess of 10% of Gross Asset Value at any time; provided, however that the Property at Queens Center shall be excluded from such calculation.

More Definitions of Secured Recourse Indebtedness

Secured Recourse Indebtedness of any Person means any Total Liabilities (excluding any Secured 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.

Secured Recourse Indebtedness means all Indebtedness (including Guaranties of Secured Indebtedness) that is Secured Indebtedness and is not Nonrecourse Indebtedness.

Secured Recourse Indebtedness means any Secured Indebtedness, in respect of which recourse for payment (except for customary exceptions for fraud, misapplication of funds, environmental indemnities, and other similar exceptions to recourse liability) is to a Credit Party.

Secured Recourse Indebtedness means, as to any Person, Recourse Indebtedness of such Person that constitutes Secured Indebtedness.

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

Secured Recourse Indebtedness means, with respect to a Person as of a given date, such Person’s Secured Indebtedness that is not Nonrecourse Indebtedness.

Secured Recourse Indebtedness means, with respect to a Person as of any given date, the Secured Indebtedness of such Person (other than Nonrecourse Indebtedness) and shall include (without limitation) such Person’s Ownership Share of the Secured Recourse Indebtedness of such Person’s Unconsolidated Affiliates.