Springing Recourse Event. As used herein, the term “Springing Recourse Event” means the occurrence of any of the following:
Appears in 4 contracts
Sources: Guaranty of Payment and Recourse Carve Outs (Strategic Storage Trust VI, Inc.), Guaranty of Payment and Recourse Carve Outs (Strategic Storage Trust VI, Inc.), Guaranty of Recourse Carve Outs (Strategic Storage Trust IV, Inc.)