Maximum Recourse Amount definition

Maximum Recourse Amount shall have the meaning thereto in Section 19.

Maximum Recourse Amount means, as of any date of determination, an amount equal to 86.2713% of the Property Cost outstanding at such time.

Maximum Recourse Amount means, at any time, an amount equal to 91.38% of the Aggregate Commitment Amount at such time.

Examples of Maximum Recourse Amount in a sentence

• The percentage applicable to the calculation of the Maximum Recourse Amount for the Subject Property is set forth on Schedule III to the Participation Agreement.

• The percentage applicable to the calculation of the Maximum Recourse Amount for the Subject Property is set forth on Schedule II hereto.

• In accordance with Section 20.2(f) of the Master Lease upon the exercise of the Remarketing Option, the payment of the Maximum Recourse Amount to the Administrative Agent shall be distributed to the Lenders.

• During the Marketing Period, the obligation of the Lessee to pay Rent with respect to the Property (including the installment of Rent due on the Expiration Date) shall continue undiminished until payment in full of the Maximum Recourse Amount and all accrued and unpaid Basic Rent and Supplemental Rent due to the Lessor with respect to the Property under the Operative Documents to which the Lessee is a party.

• The security interest and mortgage and/or deed of trust created under this Article XXIII secures the payment and performance of all Obligations now or hereafter existing under this Lease, the Participation Agreement and each other Operative Document to which the Lessee is or may become a party, whether for Basic Rent, Supplemental Rent (including obligations with respect to the payment of Lease Balance and Maximum Recourse Amount) costs, fees, expenses or otherwise.

More Definitions of Maximum Recourse Amount

Maximum Recourse Amount means, with respect to the Property, the Property Cost of the Property multiplied by the percentage set forth in the Lease Supplement.

Maximum Recourse Amount means an aggregate amount equal to ten percent (10%) of the Purchase Price of all Purchased Assets subject to outstanding Transactions under this Agreement as of the occurrence of an Event of Default or Early Termination Date, as applicable, minus the aggregate amount of all Margin Calls with respect to such Transactions that has previously been paid by Sellers and Guarantor; provided, however, that the Maximum Recourse Amount will be equal to the amount of any actual deficiency (only if such deficiency is greater than the Maximum Recourse Amount determined above) to the extent resulting from: (A) failure of any representation and warranties set forth in this Agreement to be materially true and correct with regard to a particular Purchased Asset on the initial Purchase Date for such Purchased Asset; (B) Seller’s failure to notify Buyer, on or prior to any Purchase Date, of any failure of any representation and warranty set forth in this Agreement hereto to be materially true and correct, to the extent such failure of such representation and warranty to continue to be materially true and correct is actually known to Seller; or (C) Buyer’s failure to receive an interest in the Purchased Assets as contemplated by this Agreement upon payment by Buyer of the Purchase Price for such Purchased Assets.

Maximum Recourse Amount means, with respect to each Property, 78.704% of the Property Cost of such Property.

Maximum Recourse Amount means, as of any date of determination, the greater of (i) the Quarterly Threshold Amount in effect as of such date, and (ii) (x) the aggregate Principal Balance of the Loans outstanding hereunder on such date minus (y) the applicable Non-Guaranteed Amount as of such date.

Maximum Recourse Amount means, with respect to any Property (or, in the case of Property Xx. 0, Xxxxxxxx Xx. 0 and Property No. 4, the respective Land or Improvements related thereto), the Property Cost of such Property (or, in the case of Property Xx. 0, Xxxxxxxx Xx. 0 and Property No. 4, the respective Land or Improvements related thereto) multiplied by the percentage set forth in Schedule III to the Participation Agreement.

Maximum Recourse Amount means, with respect to each Property, 83% of the aggregate outstanding amount of Loans made with respect to such Property.

Maximum Recourse Amount means the maximum Rent payment that can be made on the Expiration Date under the Master Lease without causing the Master Lease to be treated as a Capital Lease for the purposes of SFAS No. 13 which Maximum Recourse Amount shall be the sum of (i) the Land Lease Balance and (ii) the highest portion of the Improvement Lease Balance that can be included in the calculation pursuant to Paragraph 7(d) of SFAS No. 13; provided, however, that -------- ------- with respect to clause (ii) hereof, in no event shall the amount be less than the Improvement Loan Balance.