Non-Recourse Guarantee definition
Non-Recourse Guarantee means any Guarantee by the Company or a Guarantor of Non-Recourse Debt incurred by an Excluded Project Subsidiary as to which the lenders of such Non-Recourse Debt have acknowledged that they will not have any recourse to the stock or assets of the Company or any Guarantor, except to the limited extent set forth in such guarantee.
Non-Recourse Guarantee means a Customary Carve-Out Agreement consisting of a guaranty or indemnity of Non-Recourse Debt.
Non-Recourse Guarantee means any guarantee that is customary (as reasonably determined by the Company) and entered into in the ordinary course of business, or consistent with past practice or industry norm, by the Company or a Restricted Subsidiary of Non-Recourse Debt incurred by an Excluded Project Subsidiary as to which the lenders of such Non-Recourse Debt will not have any recourse to the stock or assets of the Company, except to the limited extent set forth in such guarantee with respect to the Company’s obligation to make equity contributions.
Examples of Non-Recourse Guarantee in a sentence
This is a Non-Recourse Guarantee meaning that costs and expenses incurred by or on behalf of the Town for performance on behalf of the Owner(s) is recoverable solely from the real estate, and shall not constitute a personal liability of the Owner(s) beyond the value and proceeds of the real estate subject to this Guarantee.
In the event that the Seller informs the Purchaser of the existence of any Seller Guarantee less than 30 days prior to the Closing Date (a “Late Notified Seller Guarantee”), the Purchaser shall procure that such Late Notified Seller Guarantee (to the extent not a Non-Recourse Guarantee) is released within 30 days of the date on which the Purchaser was informed by the Seller of the existence of such Late Notified Seller Guarantee.
The Company shall not create, incur or suffer to exist a Lien on the Collateral (other than the Lien of this Indenture), on the Escrowed Property (other than the Lien of the Escrow Agreement) or on any Unrestricted Assets (other than a Lien to secure a Secured Non-Recourse Guarantee).
This is a Non-Recourse Guarantee meaning that costs and expenses incurred by or on behalf of the Town for performance on behalf of the Owner(s) is recoverable solely from the real estate, and shall not constitute a personal liability of the Owner(s) beyond the value and proceeds of the real estate �ubject to this Guarantee.
More Definitions of Non-Recourse Guarantee
Non-Recourse Guarantee means a Guarantee of limited exceptions to Non-Recourse Indebtedness such as fraud, misappropriation, misapplication and environmental indemnities, as are usual and customary in like transactions involving institutional lenders at the time of the incurrence of such Guarantee.
Non-Recourse Guarantee means a Customary Carve-Out Agreement consisting of a guaranty or indemnity of Non-Recourse Debt. “Note” means a Revolving Note or a Term Note.
Non-Recourse Guarantee means any Guarantee by Borrower or its Subsidiaries of Non-Recourse Indebtedness as to which the lenders of such Non-Recourse Indebtedness have acknowledged that they will not have any recourse to the stock or assets of the Borrower or any of its Subsidiaries, except (x) to the limited extent set forth in such guarantee to pay fees and expenses and (y) Liens permitted by Section 6.02(m).
Non-Recourse Guarantee means a Customary Carve-Out Agreement consisting of a guaranty or indemnity of Non-Recourse Debt. “Note” shall mean a promissory note issued by the Borrower payable to the order of any Lender, in substantially the form of Exhibit A hereto, evidencing Advances made by such ▇▇▇▇▇▇ to the Borrower. “Notice of Borrowing” means a notice of (a) a Borrowing, (b) a conversion of Advances from one Type to the other, or (c) a continuation of Term SOFR Advances, pursuant to Section 2.02(a), which shall be substantially in the form of Exhibit B or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower. “Notice of Loan Prepayment” means a notice of prepayment with respect to an Advance, which shall be substantially in the form of Exhibit F or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of a Borrower. “NPL” means the National Priorities List under CERCLA. “Obligation” means, with respect to any Person, any payment, performance or other obligation of such Person of any kind, including, without limitation, any liability of such Person on any claim, whether or not the right of any creditor to payment in respect of such claim is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, disputed, undisputed, legal, equitable, secured or unsecured, and whether or not such claim is discharged, stayed or otherwise affected by any proceeding referred to in Section 6.01(f). Without limiting the generality of the foregoing, the Obligations of any Loan Party under the Loan Documents include (a) the obligation to pay principal, interest, charges, expenses, fees, attorneys’ fees and disbursements, indemnities and other amounts payable by such Loan Party under any Loan Document and (b) the obligation of such Loan Party to reimburse any amount in respect of any of the foregoing that any Lender, in its sole discretion, may elect to pay or advance on behalf of such Loan Party; provided that in no event shall the Obligations of the Loan Parties under the Loan Documents include the Excluded Swap Obligations. “OECD” means the Organization for Economic Coope...
Non-Recourse Guarantee means a Customary Carve-Out Agreement consisting of a guaranty or indemnity of Non-Recourse Debt. “Note” means a Term Note or an Incremental Term Note, as the context may require. “Notice of Borrowing” means a notice of (a) a Borrowing, (b) a Conversion of Advances from one (1) Type to the other, or (c) a continuation of a Term SOFR Advance, pursuant to Section 2.02(a), which shall be substantially in the form of Exhibit B or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of a Borrower. “Notice of Loan Prepayment” means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit G or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of a Borrower. “NPL” means the National Priorities List under CERCLA.
Non-Recourse Guarantee means any guarantee that is customary (as reasonably determined by the Issuer) and entered into in the ordinary course of business, or consistent with past practice or industry norm, by the Issuer or a Restricted Subsidiary of Non-Recourse Debt incurred by an Excluded Project Subsidiary as to which the lenders of such Non-Recourse Debt will not have any recourse to the stock or assets of the Issuer, except to the limited extent set forth in such guarantee with respect to the Issuer’s obligation to make equity contributions.
Non-Recourse Guarantee means any Guarantee by NRG or a Guarantor of Non-Recourse Debt incurred by an Excluded Project Subsidiary as to which the lenders of such Non-Recourse Debt have acknowledged that they will not have any recourse to the stock or assets of NRG or any Guarantor, except to the limited extent set forth in such guarantee.