Non-Recourse Indebtedness. Indebtedness of the Borrower or the Parent, as the case may be, for which the remedy for nonpayment or non-performance of any obligation or any default in respect thereof is strictly and absolutely limited to any collateral securing such Indebtedness and in respect of which neither the Borrower nor the Parent is subject to any personal liability.
Appears in 5 contracts
Samples: Revolving Credit Agreement (Microfinancial Inc), Revolving Credit Agreement (Boyle Leasing Technologies Inc), Revolving Credit Agreement (Microfinancial Inc)
