Limited Recourse Guarantee definition

Limited Recourse Guarantee is defined in Section 6.01(c).

Limited Recourse Guarantee means, with respect to any Non-Recourse Debt of a Joint Venture or Unrestricted Subsidiary, any Guarantee of such Debt by any related Joint Venture Holding Company, including a pledge by any such Joint Venture Holding Company of the Capital Stock and other Investments held in such Joint Venture or Unrestricted Subsidiary, provided that in any event such Guarantee and pledge are non-recourse in all respects to the Company and its Restricted Subsidiaries other than such Joint Venture Holding Company.

Limited Recourse Guarantee means the Limited Recourse Guarantee dated as of March 2, 1998 between the Pledgor and the Participating Holders.

Examples of Limited Recourse Guarantee in a sentence

• For purposes of this Section, the Borrower agrees that the Lender may rely and act upon any request for a Working Capital Advance from any individual who the Lender, absent gross negligence or willful misconduct, believes to be a representative of the Borrower.

• The recourse of the First Lien Agent under the Limited Recourse Guarantee is limited to an irrevocable standby letter of credit issued by Royal Bank of Canada in the original amount of US$15 million, on behalf of Borealis Infrastructure Management Inc., in favour of the First Lien Agent (the “OMERS LC”).

• As a condition to the Second Amendment, the OMERS Guarantor entered into an Amended and Restated Limited Recourse Guarantee dated August 10, 2016 and caused the principal amount of the OMERS LC to be increased by US$5 million, to US$16,533,681.98.

• The Transaction Liens shall terminate when its Limited Recourse Guarantee is released pursuant to Section 2(d).

• AI: Sudanese Youth Activists Released”, Sudan Tribune, (11 February, 2012), http://www.sudantribune.com/spip.php?article41571.

More Definitions of Limited Recourse Guarantee

Limited Recourse Guarantee means the limited recourse guarantee entered into by the Chargor in favour of the Minister on or about the date hereof;

Limited Recourse Guarantee means a Guarantee by the Issuer or any Restricted Subsidiary of

Limited Recourse Guarantee means the Limited Recourse Pledgor’s guarantee of the Secured Obligations under Section 2 hereof.

Limited Recourse Guarantee has the meaning specified in Section 2.13(1)(c).

Limited Recourse Guarantee means that certain Limited Recourse Guarantee made on or about the DIP Closing Date, as the same may be amended, restated, supplemented, or otherwise modified from time to time in accordance with the terms thereof and hereof, made by Blackstone Capital Partners VI NQ/NF L.P., as guarantor, to and for the benefit of Barclays Bank PLC, as administrative agent for the purchasers under the DIP Repo Facility Agreement.

Limited Recourse Guarantee means a guarantee by the Issuer or any Restricted Subsidiary of

Limited Recourse Guarantee means, in respect of any given Project, the limited recourse guarantee, substantially in the form attached as Schedule M, given to the Lender by each of the Smart LP and the SmartStop LP for such Project;