Limited Recourse Amount definition

Limited Recourse Amount means, as defined in section 143.2 of the Tax Act, the unpaid principal amount of any indebtedness for which recourse is limited, either immediately or in the future and either absolutely or contingently, and the unpaid principal of an indebtedness is deemed to be a limited-recourse amount unless:

Limited Recourse Amount means with respect to all the Properties on an aggregate basis, an amount equal to the sum of the Termination Values with respect to all the Properties on an aggregate basis on each Payment Date, less the Maximum Residual Guarantee Amount as of such date with respect to all the Properties on an aggregate basis.

Limited Recourse Amount means a limited recourse amount as defined in section 143.2 of the Tax Act.

Examples of Limited Recourse Amount in a sentence

• Assumes no portion of the subscription price for the Units will be financed with a Limited Recourse Amount.

• To the extent that these expenses are funded by the National Portfolio Loan Facility (including the National Portfolio’s share of expenses funded by the Operating Reserve), the unpaid principal amount and interest thereon will be a Limited Recourse Amount of the Partnership and the Limited Partners.

• No portion of the subscription price for the Units will be financed with a Limited Recourse Amount.

• In making promotions and transfers, the skill, knowledge, sensitivity, and training, to perform the work that is available shall be considered together with length of service with the final decision being that of the Employer.

• Under the Tax Act, if a Limited Partner finances the acquisition of his or her Units with a Limited Recourse Amount, the expenses incurred by the Partnership may be reduced.

More Definitions of Limited Recourse Amount

Limited Recourse Amount means with respect to the Property, an amount equal to the Termination Value with respect to the Property on the Expiration Date, less the Maximum Residual Guarantee Amount as of such date with respect to the Property.

Limited Recourse Amount means a “limited-recourse amount” as defined in the Tax Act.

Limited Recourse Amount means in the case of the Lease regarding the Property, an amount equal to the Termination Value less the Maximum Residual Guarantee Amount.

Limited Recourse Amount means, as of any date of determination, an amount equal to: the Future Value of: (i) 89.9% of the aggregate Fair Value of all of the Leased Properties minus (ii) the present value, as of the Initial Closing Date, of any minimum lease payments required to be made as of the Initial Closing Date and up to the date of determination that were included in Concord's 90% test as described in paragraph 7(d) of FASB, Accounting for Leases, using a discount rate equal to the Implicit Rate.

Limited Recourse Amount means with respect to any Property, an amount equal to the Termination Value with respect to such Property on each Payment Date, less the Maximum Residual Guarantee Amount as of such date with respect to such Property.

Limited Recourse Amount means the unpaid principal amount of any indebtedness for which recourse is limited, either immediately or in the future and either absolutely or contingently ;

Limited Recourse Amount means, as of any date of determination, an amount, not to be less than zero, equal to the Future Value (determined from the Closing Date, using the Discount Rate) of the sum of the following amounts: (i) 89% of the Head Lease Rent, minus (ii) the present value as of the Closing Date (determined using the Discount Rate), of all of the following payments (x) the Periodic Lease Rents from the Closing Date to the date of determination and (y) any other amounts (including Claims) paid by the Lessee pursuant to the Operative Documents which relates to or arises solely as a result of the related Limited Recourse Event.