Limited Recourse Guaranty definition

Limited Recourse Guaranty means a Guaranty (or supplement thereto adding a Limited Recourse Guarantor) entered into on or after March 10, 2015 pursuant to which the obligations guaranteed by the Limited Recourse Guarantor thereunder are limited (as determined by the Administrative Agent in its reasonable credit judgment) as to amount, either by reference to one or more specific amounts or mathematical formulas or otherwise by reference to legal concepts or principles required under applicable law or regulation (but excluding any general statutory limitations, including fraudulent transfer or conveyance limitations).

Limited Recourse Guaranty means each First Lien Term Limited Recourse Guaranty substantially in the form of Exhibit I between the Restricted Subsidiary identified therein, as limited guarantor, and the Administrative Agent.

Limited Recourse Guaranty 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.

Examples of Limited Recourse Guaranty in a sentence

• To secure the payment and performance of all of the Borrower's obligations hereunder and under the Note, the Borrower shall grant the Lender a continuing first priority security interest in the TRG Collateral pursuant to the TRG Pledge Agreement and shall cause its wholly owned subsidiary OAM to grant to the Lender a continuing first priority security interest in the OAM Collateral pursuant to the Limited Recourse Guaranty Agreement and the OAM Pledge Agreement.

• As a condition precedent to the execution of the First Lien Credit Agreement, EPI executed a Limited Recourse Guaranty Agreement (“EPI Term Loan Guaranty”) to satisfy the liabilities and obligations incurred under the First Lien Credit Agreement.

• Not later than ninety (90) days after the Closing Date (or such longer period as the Administrative Agent may agree in its sole discretion), each Restricted Subsidiary that is not a Loan Party and is required to deliver a Mortgage under Section 5.10(6) of the Credit Agreement shall deliver to the Administrative Agent, concurrently with the execution and delivery of a Mortgage, a Limited Recourse Guaranty.

• Following the repayment of the Note, the Company’s obligations under the Security Agreement by the Company and the Limited Recourse Guaranty and Pledge Agreement by Xxxxxxx X.

• Each of the Administrative Agent and the Lenders hereby consents to the Restructuring and the discharge of FCMC from the FCMC Limited Recourse Guaranty, upon fulfillment of all terms and conditions of the Restructure Agreement.

More Definitions of Limited Recourse Guaranty

Limited Recourse Guaranty means (a) each ABL Limited Recourse Guaranty, dated as of March 28, 2012, between the Restricted Subsidiary identified therein, as limited guarantor, and the Administrative Agent, and (b) each other limited recourse guaranty by a Restricted Subsidiary, as limited guarantor, in connection with Section 8.13.

Limited Recourse Guaranty means a guaranty in the form of Exhibit C attached hereto executed by each entity other than a Borrower that owns a Collateral Pool Asset.

Limited Recourse Guaranty 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 Guaranty means that certain Limited Recourse Carve-Out Guaranty, dated as of the date hereof, executed by Guarantor in connection with the Loan for the benefit of Xxxxxx, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

Limited Recourse Guaranty means a Guaranty (or supplement thereto adding a Limited Recourse Guarantor) entered into on or after March 10, 2015 pursuant to which the obligations guaranteed by the Limited Recourse Guarantor thereunder are limited (as determined by the Administrative Agent in its reasonable credit judgment) as to amount, either by reference to one or more specific amounts or

Limited Recourse Guaranty means that certain Limited Recourse Guaranty executed by Guarantor and dated as of the date hereof.

Limited Recourse Guaranty means that certain Limited Recourse Guaranty dated as of even date hereof by Pledgor in favor of the Secured Parties.