Limited Recourse Agreement definition

Limited Recourse Agreement the Limited Recourse Agreement to be executed and delivered by each Key Principal, in form as agreed between the Borrower, the Agent and each Key Principal, as the same may be amended, supplemented or otherwise modified from time to time.
Sample 1Sample 2
Limited Recourse Agreement. Transition Date Covered Asset Base Shortfall" means the amount calculated as (i) the amount by which (A) the outstanding principal amount of the Loan as of the Transition Date, taking into account the Revolving Loan made on the Transition Date pursuant to Section 3.1(f) of the Credit Agreement, exceeds (B) the Asset Base reflected on the Asset Base Certificate delivered pursuant to Section 3.2(b) of the Credit Agreement, minus (ii) the Discounted Lease Balance of any Leases that became a Defaulted Lease after (x) if the Conversion Date has occurred as a result of the occurrence of an Early Amortization Event pursuant to clause (2) of the definition thereof, the second Determination Date preceding the Conversion Date or (y) in all other cases, the Determination Date immediately preceding the Conversion Date.
Sample 1Sample 2
Limited Recourse Agreement means that certain Limited Recourse Agreement dated as of the date hereof, in the form of Exhibit G hereto, executed by Trans Leasing in favor of Lender, including all amendments, modifications and supplements hereto, renewals, extensions or restatements thereof.
Sample 1

Examples of Limited Recourse Agreement in a sentence

  • It contends that Leasing Innovations induced it to enter the Limited Recourse Agreement by representing, in the Certificate and other communications, that the watermelon packaging equipment had been delivered, accepted and inspected prior to the April, 2018, execution of the Limited Recourse Agreement, despite knowing that no such action withrespect to the equipment had occurred.

  • Prime Alliance avers that it never would have entered the Limited Recourse Agreement had it known that those representations were false and it seeks rescission of the agreement, i.e. return of the approximately$940,000 paid for its 75% interest in the lease.

  • Prime Alliance asserts that Leasing Innovations fraudulently induced it to enter the Limited Recourse Agreement.

  • Nor do they dispute that Leasing Innovations remitted 75% of each payment to Prime Alliance pursuant to the Limited Recourse Agreement for a total of $75,000.

  • Leasing Innovations alleges that Prime Alliance breached the Limited Recourse Agreement by refusing to return $52,500 that it received from Leasing Innovations as part of two payments made pursuant to that agreement in July and August, 2018.The parties do not dispute that two payments of $50,000 were made to Leasing Innovations by Quality Fresh Farms pursuant to the Lease Agreement in July and August, 2018.

  • Prime Alliance claims that Leasing Innovations breached the Limited Recourse Agreement by failing to pay invoices to Exeter pertaining to the watermelon packaging equipment.

  • Trans Leasing and Lender each hereby irrevocably consents to the service of a summons and complaint and other process in any action, claim or proceeding brought by Trans Leasing or Lender in connection with this Limited Recourse Agreement, any rights or obligations hereunder or thereunder, or the performance of such rights and obligations, on behalf of itself or its Property by registered mail or personal delivery to the address set forth in Section 10.

  • Trans Leasing and Lender each hereby irrevocably consents to the personal jurisdiction of the state and federal courts located in Mecklenburg County, North Carolina, and in Xxxx County, Illinois, in any action, claim or other proceeding arising out of any dispute in connection with this Limited Recourse Agreement.

  • Subject to Section 11, this Limited Recourse Agreement shall terminate (a) if there is no Transition Date Asset Base Shortfall on the Transition Date, on the Transition Date, and (b) if there is a Transition Date Asset Base Shortfall on the Transition Date, upon the payment and contribution of the amount required under Section 2.

  • In any event, all other provisions of this Limited Recourse Agreement shall be deemed valid and enforceable to the full extent possible.


More Definitions of Limited Recourse Agreement

Limited Recourse Agreement means the Limited Recourse Guaranty and Pledge Agreement dated as of November 21, 1999, made by the shareholders of the Company to and with Buyer.
Sample 1
Limited Recourse Agreement means the agreement between Buyer Domestic and each of H. Pxxx Xxxxxx, Jxxx X. Xxxx, Axxx X. Xxxxxxxx, Jxxx X. Xxxxxx, Jxxx X. Xxxxx, Vxxxxxxx Xxxx Dxxxxx and the Jxxx and Rxxx Xxxx 2010 Irrevocable Trust, dated and effective as of the date hereof and attached hereto as Exhibit E, pursuant to which such Persons have agreed to be bound by selected provisions of this Agreement.
Sample 1
Limited Recourse Agreement. The Limited Recourse Agreement dated as of the Closing Date among the Recourse Providers, the Borrower and the Administrative Agent.
Sample 1
Limited Recourse Agreement means the agreement between Buyer Domestic and each of ***, dated and effective as of the date hereof and attached hereto as Exhibit E, pursuant to which such Persons have agreed to be bound by selected provisions of this Agreement.
Sample 1
Limited Recourse Agreement means the statement from _eska Spo_itelna a.s., dated 26 November, 1998 whereby _eska Spo_itelna a.s. declares, inter alia, its consent to the transfer of a Participation Interest (as referred to therein) in Nova TV from CME B.V. to the Borrower and that it has no claims whatsoever against CME B.V. and the Borrower in respect of such transfer.
Sample 1

Related to Limited Recourse Agreement

  • Reconstitution Agreement The agreement or agreements entered into by the Company and the Purchaser and/or certain third parties on the Reconstitution Date or Dates with respect to any or all of the Mortgage Loans serviced hereunder, in connection with a Whole Loan Transfer or Securitization Transaction.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Sponsor Letter Agreement has the meaning set forth in the recitals to this Agreement.

  • Foundation Agreement means the agreement dated the 20th February 1985 made between the Trustee, the Manager, Xxxxxxxx, Genting WA and Tileska providing for the subscription of Units and Options;

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.

  • Consortium Agreement means this consortium agreement as well as the pre-amble and all annexes hereto;

  • Operating Agreement means this Operating Agreement as originally executed and as amended from time to time.

  • Use Agreement means a written agreement between a primary licensee and a Type S applicant or licensee that specifies the designated area of the Type S licensee, the days and hours in which the Type S licensee is assigned to use the common-use area, any allocation of responsibility for compliance pursuant to Section 40196, and an acknowledgement that the Type S licensee has sole and exclusive use of the common- use area during the Type S licensee’s assigned time period.

  • Main Agreement means the part of this Agreement that commences on the first page and ends with but includes Schedule A, excluding Section 3(d) (which incorporates this Schedule C into the Agreement).

  • Mezzanine Loan Agreement means that certain Mezzanine Loan Agreement, dated as of the date hereof, between Mezzanine Borrower and Mezzanine Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Existing LLC Agreement is defined in the recitals to this Agreement.

  • Formation Agreement has the meaning attributed to it in Recital A;

  • Intercompany Agreement means any intercompany Contract between (a) any of the Acquired Companies, on the one hand, and (b) Seller or any of its Affiliates (other than the Acquired Companies) or any of their respective directors, officers or employees, on the other hand.

  • Expense Agreement means the Agreement as to Expenses and Liabilities between the Depositor and the Trust, substantially in the form attached as Exhibit D, as amended from time to time.

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • Exclusivity Agreement , in relation to land, means an agreement, by the owner or a lessee of the land, not to permit any person (other than the persons identified in the agreement) to construct a solar pv station on the land;”;

  • Finance agreement means a loan, lease, or installment sale agreement for a motor vehicle. The term includes, but is not limited to, an installment sale contract, a retail installment contract, or a retail charge agreement.

  • Joint Agreement means a type of Fund Use Agreement between the Consortium and the Fund Council that sets forth an umbrella set of terms and conditions that govern principally the submission and approval of CRP proposals and the transfer and use of funds from the CGIAR Fund for implementation of CRPs.

  • Indemnity Agreement means that certain Indemnity Agreement dated as of the Closing Date by Borrower and Indemnitor in favor of Lender.

  • Compliance agreement means a written agreement between a person and the Commissioner to achieve compliance with this quarantine.

  • JV Agreement each partnership or limited liability company agreement (or similar agreement) between a North American Group Member or one of its Subsidiaries and the relevant JV Partner as the same may be amended, restated, supplemented or otherwise modified from time to time, in accordance with the terms hereof.

  • Company Agreement means any note, bond, mortgage, indenture, lease, license, contract, agreement or other instrument or obligation to which the Company or any Company Subsidiary is a party or by which any of them or any of their properties or assets may be bound.