Limited Recourse Financing means, with respect to any Person, Indebtedness to the extent: (i) such Person, subject to customary exceptions for nonrecourse Indebtedness financing, shall not have personal liability with respect to the Indebtedness and the lender thereunder shall only seek recourse for satisfaction of the Indebtedness against the property or collateral secured thereunder; and (ii) no default with respect thereto would permit upon notice, lapse of time or both any holder of any other Indebtedness (other than the Loans or Loans under any Second Lien Facility) of such Person to declare a default on such other Indebtedness or cause the payment thereof to be accelerated or payable prior to its stated maturity.
Limited Recourse Financing means any indebtedness which is, or is expected to be, recorded as "project finance" or "project bonds" (or such other or additional term used or to be used as a line item in, or line item in the notes to, the Issuer's consolidated financial statements as is certified by a director of the Issuer as the term which designates limited recourse project financing) in the Issuer’s annual consolidated financial statements;
Limited Recourse Financing means any financing made available to a Subsidiary either:
Examples of Limited Recourse Financing in a sentence
Notwithstanding the foregoing, NRG shall have no obligation to provide any Limited Recourse Financing with respect to any Eligible Project.
For the avoidance of doubt, the term “Operating Project Holding Company Financing” shall not include any Limited Recourse Financing.
In conjunction with the loan, ADB approved TA 2929-INO: Facilitating Limited Recourse Financing in the Civil Aviation Sector to explore financing options for developing airport infrastructure.
Such certificate shall also include a list of all Subsidiaries that are “Non-Recourse Parties” (as defined in the APAF Facility) (or such equivalent term in the APAFII Facility, the APAFIII Facility or a Limited Recourse Financing) as of the date of such certificate.
Project Finance or Non-Recourse/ Limited Recourse Financing Project financing is the most common approach to long term financing of utility-scale solar projects, e.g. wind power project.
More Definitions of Limited Recourse Financing
Limited Recourse Financing means borrowing or other indebtedness for which recourse is or is deemed to be limited within the meaning of the Tax Act;
Limited Recourse Financing. With respect to any Eligible Project, the financing for such Eligible Project that is non-recourse to, and does not create any liability upon, NRG or any other Person that owns any direct or indirect Ownership Interest in such Eligible Project, except for (a) Shareholder Commitments that are fully discharged on or before a sale of the applicable Ownership Interest in the Eligible Project or (b) liability for misapplication of proceeds, fraud or other similar intentional wrongful acts committed by the owner of such Ownership Interest.
Limited Recourse Financing has the meaning provided in Section 7.6(b)(iv). “Loan” means any loan made or deemed made by any Lender hereunder, and “Loans” shall mean collectively all such Loans. “Loan Documents” means, collectively, this Agreement, any Notes, the Security Documents, the Guaranty Agreement, any other Guaranties, any Intercreditor Arrangement, the Agency Fee Letter, and, when executed, all other documents, certificates, instruments, including any promissory notes issued from time to time hereunder to evidence the Loans, or agreements that are expressly designated pursuant to their terms to be “Loan Documents” or are otherwise executed and delivered by or on behalf of a Loan Party or any other Person for the benefit of the Administrative Agent or any Lender in connection herewith, together with any modification of any term, or any waiver with respect to, any of the foregoing. “Loan Parties” means, collectively, the Borrower and each of the Guarantors.
Limited Recourse Financing means a form of project financing in which lenders look mainly to the cash flows of a project to repay debt service but where, under certain conditions (legal or financial), lenders may also have access to the sponsor’s assets for repayment.
Limited Recourse Financing has the meaning provided in Section 11.6(b)(iii).
Limited Recourse Financing means Debt incurred after the date of this Agreement which meets all of the following requirements:
Limited Recourse Financing means any Indebtedness where the persons to whom such indebtedness is owed (or any agent, trustee or representative for such persons) do not have recourse to the Sponsor or the Issuer other than: