Limited Recourse Transaction definition

Limited Recourse Transaction means the ownership, acquisition (in each case, in whole or in part), development, design, restructuring, leasing, refinancing, maintenance, management and/or operation of any asset or assets (including, without limitation, Concessions granted by public entities and authorities) and/or any company(ies) or entity(ies) holding such assets or Concessions and/or any interest or equity participation therein;
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Limited Recourse Transaction. ’ means a transaction entered into or to be entered into by the Issuer or any of its Subsidiaries where the sole recourse, insofar as the Issuer or any of its Subsidiaries is concerned, of the provider of funds is to an asset financed by those funds or to an SPC Subsidiary or to SPC Subsidiaries formed in connection with such transaction, such provider having no recourse to the general assets or undertaking of (as the case may be) the Issuer or any of its Subsidiaries. A certificate by the Auditors addressed to the Trustee that in their opinion a transaction is or is not or was or was not a Limited Recourse Transaction shall, in the absence of manifest error, be conclusive and binding on all parties.
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Limited Recourse Transaction means any transaction carried out by a Person relating to the ownership, award, acquisition, development, design, restructuring, leasing, maintenance, management and/or operation (in each case, in whole or in part) of any asset or assets (including, without limitation, Concessions) whereby any member of the Group (whether alone or together with other partners) has, directly or indirectly, an interest in the relevant Person.
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Examples of Limited Recourse Transaction in a sentence

  • A certificate by the Auditors addressed to the Trustee that in their opinion a transaction is or is not or was or was not a Limited Recourse Transaction shall, in the absence of manifest error, be conclusive and binding on all parties.

  • A report by the Auditors (as defined in the Trust Deed) that in their opinion a transaction is or is not or was or was not a Limited Recourse Transaction shall, in the absence of manifest or proven error, be conclusive and binding on all persons concerned;Material Subsidiary means a Subsidiary of the Issuer, (i) whose total assets (consolidated in the case of a Subsidiary which itself has Subsidiaries) represent 10 per cent.


More Definitions of Limited Recourse Transaction

Limited Recourse Transaction any transaction expressly permitted pursuant to subsection 8.6(c).
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Related to Limited Recourse Transaction

  • Limited Recourse Indebtedness means Indebtedness incurred by the Parent Guarantor or any Subsidiary to finance the creation or development of a Project or proposed Project of the Parent Guarantor or such Subsidiary, provided that, as specified in the terms of such Limited Recourse Indebtedness:

  • Securitization Transaction Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all of the Mortgage Loans.

  • Limited Condition Transaction means any Acquisition Transaction or any other acquisition or Investment permitted by this Agreement, in each case whose consummation is not conditioned on the availability of, or on obtaining, third party financing.

  • Permitted Securitization Transaction Any financing transaction undertaken by the Seller or an Affiliate of the Seller that is secured, directly or indirectly, by the Collateral or any portion thereof or any interest therein, including any sale, lease, whole loan sale, asset securitization, secured loan or other transfer.

  • Limited Condition Acquisition means any acquisition of an Acquired Entity or Business by the Borrower or any Restricted Subsidiary the consummation of which is not conditioned on the availability of financing.