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
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.
Technical Assistance Completion Report on Facilitating Limited Recourse Financing in the Civil Aviation Sector.
Mr. Sellers reminded the Jury that in the late 1990’s, the Jury had discussed expanding the Law Enforcement Center, but had later decided not to proceed.
Zero or Limited Recourse Financing Solution: The financial services company can opt for limited recourse from the sponsors if it deduces that the project might not be able to generate enough cash flow to repay the loan after completion.
The generation projects are usually financed through what is generally known as Limited Recourse Financing, and sometimes through Corporate Finance.
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 means a form of project financing in which the lenders base their credit decision primarily on the cash flows of the borrower, but at the same time may have legal recourse, as agreed to by all parties to the agreement, on the sponsor’s assets.
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 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 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:
Limited Recourse Financing has the meaning provided in Section 11.6(b)(iii).